GioThaKingo

GioThaKingo

* FOMC * - So , the "Vertical Lines" have been the historical "FOMC Meetings" the "Green Price ranges" are a couple days prior. The 1st one being more important it resembles our big down trend currently . So theirs a couple questions. Can we expect a (2%-4%) Inra-Day drop before the FOMC --- I'd say yes, historically Other Significant notes : On the Daily we...

GioThaKingo

SPX BEAR MARKET SCENARIO FOR TSLA 1st Target : Yellow zone ($500-$600) Tools : Pitchfork Median , Weekly 200 MA , Prior structure , Time confluence , RSI , Base channel Alternation : For the 4th wave we would be looking for a "Sharp correction"

GioThaKingo

Hope you guys can find some correlation off this newly found theory from me : ) **** Rsi wise everytime we've found a bottom its been at this zone of "Oversold" which we haven't yet hit. *****

GioThaKingo

* SP 500 Update * Summary : With "Geometry" breaking within the "Contracting Triangle" the "Barrier Triangle" at around "$4101 support" comes to mind, but also keep in mind with this leg down for the " C wave " it is not in its "Personality" to come to its end with "High Volume". So with that being said Im leaning towards my "Bear market scenario" with a...

GioThaKingo

Is the S&P 500 heading into a * Bear Market * - You know I've thought this over for a long while now.... From a TA standpoint I think its very well possible, why you may ask? Because , finally from this trend up this is a great sign of weakness being under the 200 MA and rejecting harshly. Another reason why is because from an Elliott stand point this "4th...

GioThaKingo

Target :White Zone ( Y wave ) 1. Andrews Pitchfork ( 80% Target ) 2. Major Support 3. Fib targets and Algos Is this a possibility or scenario you're looking at or have?

GioThaKingo

SP 500 EW Triangle update : Contracting Triangle Target : Golden square Personality: It does meet the right Trait of Continued Low Volatility and Volume. (RSI Still confirms of a "Contracting Triangle". Confluence : Pitchfork , Channel Top Parallel of AH correction , Pivots , (High Volume node from "Volume Profile" , Fibonacci , Triangle geometry of...

GioThaKingo Updated 

Feedback : Although I was stopped out here at $996 as I moved it up slightly, so again I'm out looking for another entry Analysis : So potentially we have a case for an "Expanding Diag" so with that being said usually what comes off of it is "Very sharp and impulsive usually extended for the 3rd wave. So I have a higher target above the "Sell Algo" around...

GioThaKingo Updated 

TSLA Analysis : Personality of the impulse : Did we break above the "Base Channel"? Yes Did we meet the right "Volume Personality" in the 3rd wave? Yes Do we have alternation within the corrections? Yes Did both these corrections meet the "Most Probable Fibonacci Retraces"? Yes Feedback : With "Earnings" on its way and the weight "TSLA" has on the...

GioThaKingo

TSLA ANALYSIS Feedback : Primary Target : White Zone Confluence : Lower 4th Degree Support , 200MA Weekly coming in , Top Parallel (Base Channel) , Pitchfork Median If I was going for this going into a "Minor 4th wave" or Another "1-2" I would want to see us invalidate this "Current Impulse" which we are at a "Pitchfork Median ATM with the "Yellow Circled...

GioThaKingo Updated 

SP 500 EW #2 Alternate Pattern : 1-2 , Or ABC Zig Zag Confluence : Centre Line of Parallel, 4hr 200 MA , Developing POC , Fibonacci FeedBack : Like I said before I wouldn't wanna go beyond the "Yellow Zone" just because we would be starting to go too many "Deviations" from an important "Pitchfork" , we would want (0.5,0.618-0.65) to be a High target area...

GioThaKingo

SP 500 EW Alternate Count #1 : Contracting Triangle Target : Green Square Personality: It does meet the right Trait of Continued Low Volatility and Volume. (RSI Still confirms of a "Contracting Triangle". Confluence : Pitchfork , Channel Top Parallel of AH correction , Pivots , Developing POC , Fibonacci Feedback : You would want "Guideline" wise for the...

GioThaKingo

NO CHANGE FROM PREVIOUS CHART JUST FOUND MORE CONFLUENCE ID THOUGHT ID ADD Target :Green Zone (Majorily $80-$70 Range) Algos, Structure , High Volume Area ,Extension, Time, Pivots ,Anchored Vwaps, Daily Pitchfork lower boundary, Monthly Pitchfork (Centre Line) High Prob for 4th wave (0.382-0.5) (0.5-GOLDEN ZONE) --->>> (ON LINEAR)

GioThaKingo

Alternate bullish counts : Pattern : 1-2, 1-2 or WXY Feedback : 1-2 , 1-2 is possible if we see a reaction at the "Green square' where we have the "Median of the Parallel" , 4hr 200 MA , Algo Retracement Zone , Pivot points. Now what I wouldn't wanna see for this count is coming into this "Golden Rectangle" below as that is '2 sliding Parallels" away from a...

GioThaKingo

Feedback : So in these "White Eclipses" you see for this count seem of "Relative Degree" which are the "Actionary waves" while the "Red Eclipse" you don't really have a "Correction " in the "Actionaries" that really is the "Right look" of the "First White eclipse" so I don't think this is pertaining to this count anymore or this is the end of this count which is...

GioThaKingo

ES Analysis : Forecast : So narrowing this down , 1st off we don't want this "White zone" being broken . Reasons why , Huge support, VPOC is right where PA is at and we don't wanna be too far away from it in my opinion. Now for the "Golden Rectangle" in my opinion we don't wanna be there because being there means we are starting to get "2 sliding...

GioThaKingo

Amc Elliott wave Analysis --- Pattern --- (1. ABC correction finished and we are now starting a new impulse Or 2. WXY) 1. What I would like to see if a correction is finished and this a "Bullish Impulse"? A clean retrace of (50-61.8%) then come to test out of the "Parallel" 2. What I would like to see if continued correction (WXY Sharp Double Zig-zag)? I...

GioThaKingo

C wave of an "Expanded Flat" with a "5th wave Truncated Ending Contracting Diagonal" Noticable Weakness : C wave is relatively large P.S : Although it is a different "Bullish Alternate" , both this one and the (Bullish WXY Double Zig-Zag) will both meet the same goal but just a slightly different (Sub-Division)