NASDAQ:AAPL could be in a fractal pattern here. The previous two moves down saw a deep retrace to 0.886 before reversing lower. Both moves broke through the established trend lines as fake outs before reversing back to the downside. This current move up looks very similar in structure to those prior two. However, that still leaves about HKEX:7 -8 of upside...
I am going to start sharing a lot more of my chart analysis with the community. This is a potential scenario in the event the market turns for lower lows. A leading diagonal in EW with wave 5 showing equality with wave 1 at 200. Also included the "extended 5th wave" scenario since wave 3 was only 1.272 of wave 1. I don't think that is likely though, but if the...
Whether old charts, new charts, big drops or smaller ones - charts with sharp drops in price share very similar characteristics. I decided to use two very different examples; one from a different period in time, though similar to our current move in size (Crash of 1929), and one from our current time period and though much smaller in size it still meets the sharp...
It's been a while since I shared anything like this... most of the last few things were experimental historical models... This is all based in Fibonacci, both price and time... this would have us peaking at about 3450 around late September 2020... Though I don't have the count posted with it, it is based in Elliott Wave as well... The EW concept here is an...
ZOOM IN TO SEE IT BETTER I'm seeing everyone get really bullish here lately... A little too bullish... This is my updated wave count outlook, as well as some other observations too. I believe we appear to be setting up as a 1-2-1-2 of an extended 3rd wave down (big trouble), or hey - we could just keep floating up forever, who knows. "Fundamentals!" I know, I...
Since I decided that I knew better than math and set the Jan 15th top at 2560 based off my own opinion, (the only level in which I did so) - the model has proven me wrong. So - in order for the model itself not to be tarnished, I decided to show what it was suggesting takes place through the end of March in a close up detailed version (with Wave count included). I...
First try at a model projection system across price and time that has, so far, accurately estimated dates. This is the second model which is based on time and price symmetry.
First try at a model projection system across price and time that has, so far, accurately estimated dates. Making it as detailed as possible to test the accuracy... Price levels based around individual retracement legs from the data I am using to build the time ratios. Making a second version with a different price system shortly.
I usually don't show what I am looking at on both sides of the trade, so I am going to start doing so in the future... Here is how I see SPX if there's a clean break above ATH and the bull run continues into the end of the year...
Sometimes there are topside breakouts on broadening tops, when this occurs a parabolic spike almost always follows... If today is a one day reversal and the Dow blows through the top, here is my short term price target on the move.
Got this on the 39 minute chart, the crazy part about this is that the price target measurement lines up perfectly with the established trend line, let's see what she ends up doing.
The Dow just made a smaller version of the pattern it was already in to complete the formation. I found it interesting, so here it is:
Let's look at a few things here - First: Based on the last down swing we have reached the 1.272 extension which, based off the patterns taught by Larry Pesavento, is a key extension for trend reversal (the other, 1.618 I have on the chart as well, as that'd be the next target if this one fails). Second: Volume is telling us a similar story, I added my relative...
This is a Forex technique mainly, but when I saw it playing out I couldn't help myself. Impressed by the accuracy, caught today's peak almost flawlessly. Just messing around with this, plan on experimenting a bit more with harmonics in the future.
Just posting this so I can refer back to it later. These are the extension targets for SPX based on the future price target projections pulled from the January 26th peak. The index broke out the descending triangle so at the point of the breakout I have the High to Low measurement in yellow, and the High Close to Low Close measurement in bright blue (with the...
The 4 charts seen in this post are all from different time periods, all the same pattern, and all have the same result (except present day). Ladies and Gents 3.01% - I present the Orthodox Broadening Top (Parabolic Edition). This is a simple pattern - high, low, higher high, lower low, higher high, crash. The 1st chart (top left) is the Dow leading up to the...
Triangles aren't supposed to be "official" until there are two rally tops, and two bottoms, if this proves to be the top of the rally top, here's how we look... If not (since next week is the biggest earnings week of the quarter), I added an extended time frame based on the maximum allowed for a successful pattern...
Just like the SPX and DJI charts I looked at, this thing measures slightly past the Bear Market threshold... it may touch the target, doesn't mean it will close there though... If the current top proves to be the last shoulder, July 27th is when this is expected to play out by