Nathanael

Nathanael Updated 

Posting what looks to be a bear flag / possible ABC correction with AMZN. Starting with a safe target of 700, but I expect this to go much lower. Weekly, and monthly chart looks pretty parabolic. I am also pretty bearish with the major indexes as well.

Nathanael

I count a possible double zig zag with a bearish ending diagonal C wave. Markets feel toppy, markets look toppy...If we continue to break down out of the channel, Im guessing we could see similar lows to last month (and most likely continue to fall) For this play, a safe stop is this months top ~ 2080. Target 1820 (for now...)

Nathanael

Interesting observation using the "time cycles" tool. Last 3 time cycles have been the near exact highs and lows of the SPY. If we bounce down from here, it would be quite the coincidence! I would assume we see near new lows at the bottom of this new channel, but beware - just because its happened the last 3 times, it obviously doesn't mean its a pattern. Just an...

Nathanael

With star wars just around the corner, and disney euphoria being exceptionally high - this makes sense that we could be in the process of seeing a flat correction, or a "double top". I was originally anticipating an inverted flat (where B goes beyond the previous highs) up until the star wars release, but its starting to look like the bulls, and possibly the...

Nathanael

Possible Natural Gas breakout of a triangle bottom. I find bottom wedges are always tricky (i.e is it a bull flag, or a bear flag?) so a tight stop is in order. Also bullish RSI breakout, and MACD crossing to the upside. I personally use a trailing stop, using the wedges trend-line as a guide. I have a triangle target of 3.20 here, but if you are confident in...

Nathanael

Here is my EW analysis for DDD. It clearly looks like we are in an ending diagonal (which is usually a very bullish sign long term) We are just waiting for our 5th and final wave to complete itself in the wedge, Usually the last wave (e or wave 5) under or over-shoots the triangle trend line, so don't be surprised if it dips below the line (or doesn't quite make...

Nathanael

As of right now, SolarCity looks like its in a massive flag on the weekly. Its hard to count EW with an equity that has only been around since 2013, but I'm going to go long soon, and see if this flag plays out. I have a triangle target of around 87, but it will become more accurate to measure from when (if) this e wave completes its down turn, and bends up. Im...

Nathanael

With declining volume on this last rise, as well as an overbought RSI, we could have a pretty ugly head and shoulders pattern on the daily. If we fail to break the ATH, I would bet on a decline, with a target around the 190 zone. We all know this is a hell of a stock though. With so much optimism, we could continue to break new highs, so be careful. Goodluck.

Nathanael

Every time I have tried to find an NBG bottom, I have been wrong (just look at any of my previous NBG charts) But I just wanted to share this chart, to show people the insane amount of BUYING volume here. If you zoom out on the daily chart, and look at volume or accumulation - the amount of buying since March has grown like crazy. Are these crazy retail...

Nathanael

Looks like we are dripping out of a leading diagonal

Nathanael

This is a crappy solar company, but I have been keeping an eye on it for a while. Its starting to look like we have come close to a bottom, and might begin to accumulate if buying volume pics up over the year.

Nathanael

There has been a massive about of accumulation over the past week. Im sick of being wrong with NBG (look at any of my previous charts) so I'm not going to bother guessing what will happen. Just wanted to share this with the world.

Nathanael

It looks like we could possibly be on a final wave of a possible wave C ending diagonal. I have a target of ~240 (stamp) by the wedges trendily, and also measuring the previous waves with the first FIB down.

Nathanael

In the medium/longer term, I'm still bearish, but we need to retrace a bit after this great drop we had over the past two days. Here it looks like we are almost complete a "B" wave wedge. If we break to the upside, then I have a solid target of around 2200CNY on huobi. That is not only a wedge target, but also if A=C. We could spring over that if we have...

Nathanael

I see us close to finishing a B wave (which looks like it was a double zig zag) from a larger ABC zig zag up to reach the top of a even larger Wedge. Here are my ideas of where I see us on a larger timeframe: If A=C, we could have a possible high of around 460/470, but I would rather wait to see how the waves (within this C) reveal themselves to get a more...

Nathanael

What I thought was previously a flat, is looking more like a impulsive 5 wave down. Now, is this the death of NBG, or a temporary bottom? The fib here is the length of wave 1. We are going so low, I highly doubt that we will retrace a full 100% of wave 1, but you never know. I would wait for more proof of a bottom (heavy volume, etc) before trying to catch the...

Nathanael

Long term I see us in a wedge () and this looks like it could be an A wave in that wedge. Bulls have had a great run, and a great rebound. But judging by the wave properties of this move up, I believe its just an ABC zig zag, and we are at the short term top, or at least close to it. Wave B commonly retraces 38%, but the previous "big brother" wave retraced and...

Nathanael

In my larger NBG count, we are in a wave 3 of C Here I have zoomed into that wave 3, where it looks like we are near completion of wave ii of 3. Im explicating a strong sudden move to the upside here, similar to the impulsive waves 1 and i. We are EXACTLY at the 61% retrace of wave i, and if we follow EWT guidelines, I expect our wave iii move up to around the...