FiboSnail

FiboSnail

A detailed view of Elliot waves + Wyckoff + Market structure + supply and demand + chart patterns. For +1 month now ASTS has entered a down-trend IMHO and all the above confirm this assumption. *Not a financial advice

FiboSnail

Combining Elliott wave analysis with the principles of supply and demand, we observe the completion of a 5-wave impulsive pattern. Presently, we find ourselves in the counter wave phase of the correction. This correction appears to be taking the form of a double zigzag for the w wave, followed by 3 waves comprising the x wave. Our current position is within the y...

FiboSnail

I have arrived at the following wave count conclusion. This correction takes the form of a wxy pattern: w comprises a double zigzag, followed by x, and then a double combination consisting of a zigzag, another x, and finally a flat pattern. My analysis is further supported by a Wyckoff accumulation pattern. At this juncture, we find ourselves in phase c, marked...

FiboSnail

Some signs of strength for NVAX. The trend has more work in order to change but it is going really well.

FiboSnail

Re-calculating the waves... We do a more complex wave for wave 4. I expect a retracement for the B wave of the zigzag wave (z). And then close the gap at least or more but without infringement wave 1

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Update on Wyckoff accumulation chart. Volume is decreasing. A low-volume spring (or a low-volume test of a shakeout) indicates that the stock is likely to be ready to move up, so this is a good time to initiate at least a partial long position.

FiboSnail

Bear case vs Bull case -Bears will need to take the advantage of historically overbought RSI, the break down of rising wedge, and the gaps down in order to push it further down. -Bulls will need to use the news and push it up with FOMO and close the gap to 17 with a final target at the 20s.

FiboSnail

Elliott wave count. In my opinion, it is a double Zigzag for impulse wave 2.

FiboSnail Updated 

I will stay away from earning as we approach a critical cycle date as well. Every 70 days we have a flip, and after 3 flips we have a consolidation period of ~140 days. I am expecting a selling event to take place, I don't know what will be, maybe an offering, maybe sell the news... The tricky part is that we are many retailers here and as is well-known...

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A bull case Wyckoff accumulation. If the test is successful it will be marked up

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Weekly update with my long-term scenario... It looks short-term bearish, but it is the best scenario for long-term bulls according to Elliott waves! It has a gap fill in the low 20s, and then a wave (c) super cycle will start. As you see on the side there is a gap of volume below 35 and then a huge amount of volume from 10s-20s, I am not saying we will go there,...

FiboSnail

I think NVAX is doing an irrelevant ABC correction and wave 5 will follow... If wave 2 fibs will be broken I will be more confident to short it more. Bearish divergences on rsi and stochastic and MACD.

FiboSnail

Weekly Update! The best time of the week is when you have a clear mind and time to check the TA. I have seen this movie a couple of times before. One was not so far ago... April 6th. Sharp move down after a breakdown of a bear flag. RSI in extreme levels marked the wave iii of wave 3. Then bear flag again, triangulation of the rsi with inside hidden bearish...

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Finally, the price broke down after a few attempts that failed and eventually became bull traps. It was a very complex move to navigate and many times a trader can lose patience... Now we are on the way to completing wave 5 or C (I have labeled it with both). We may see a retest of the upper wedge line which will be wave (iv) or c. There will find the 2h supply...

FiboSnail

$NVAX My memorial day homework 😁 Wyckoff Accumulation events + Elliott waves I have attached my two main theories that are happening together and we are approaching the end of it soon. For wyckoff, I am expecting a big shakeout to follow. We haven't seen yet a day that has the qualities of a spring. We have only experienced some rallies that turned back quickly...

FiboSnail

My weekend analysis for $NVAX Finally, we are starting to build the long expecting and hopping final wave 5 of the primary cycle corrective wave C. It was a running flat structure, which is a rare structure, that is why it was a tricky one to understand from the beginning. I have inserted some supply and demand areas in order to understand better where we will...

FiboSnail

Expanded diagonal at wave 5 of wave C. Maybe we will see a gap closing at around 25. Wave 2 at 0.618 and wave 4 at 0.786

FiboSnail

two possibilities here imo. 1st running flat correction. We keep the channel and we start going up from here. 2nd expanded flat correction We break down the channel and we will have to see where it stops, most probably at 1.272 fib level.