Nathanael

Nathanael

Tesla, aka the "stock of 2014" looks like its wild drive might be coming to a temporary end. As much as I love this company, I see us at a temporary top, and I am looking for a shorting opportunity in the 265-275 zone. Wave properties since March suggest we are in a corrective ABC flat, and are close to the B "top". Other indicators such as RSI and declining...

Nathanael

This is a textbook Elliot wave impulse move to the downside with clear alternation. We are clearly on a wave 5, however, I'm not quite sure if we have completed the wave yet. It appears to be close to popping out of the channel, which suggests sellers are drying, but usually wave 5 is equal to the length of wave 1, so I'm waiting to see what happens after...

Nathanael

We might see an attempt to fill the gap here after a poor ER, but in the next few months, we should continue to fall overall. It appears we are on a corrective C wave down, and if A=C, then we could go as low as 245. Wave 4 also ends right in that area, but to be safe, my target range is between 250 and 270. Good luck

Nathanael

Unless someone can count otherwise, I feel like AAPL (and a lot of other blue chips in this market) are on their last legs. Since the ATH in october last year, I believe we have been in an ABC correction, and we are currently on wave B. Now within this wave B, which started around may this year, we started off with a zig zag move up. It looks like we are...

Nathanael

My Elliott Count for the Greece ETF is looking ready for an upcoming bull run. I count us near the end of a wave ii, in an extended wave 3. As all us EW chartists know, this is an ideal spot for entering long, or buying call options. However, Here is a BEARISH scenario, where A=C and we are just starting the wave down.... This appears to be in sync with the...

Nathanael

NBG Long term Chart: I strongly believe we are currently in a corrective wave 2 of a long term wave C pattern that should complete near the fall, end of the year. What I previously thought was an expanding diagonal () now appears to be a double zig zag corrective wave 2. If A=C in the corrective zig zag, then we can retrace as far as 2.95, but using...

Nathanael

Now might be the perfect time to buy to enter right before the strong bullish wave 3. It looks like wave 2 has developed into an expanding diagonal. Here is a zoomed out version of where we are on the longer term: Here is an example of an expanding diagonal: www.wavetrack.com

Nathanael

I see we are getting close to the end of an ABC correction. Looks like we have a possible expanding diagonal for wave 4 of C. If this plays out, it would be followed by a good opportunity to go long.

Nathanael

I have been wrong many times before with NBG, so who knows. But i really feel strong about this chart. Heavily oversold on the RSI, and we have a double bottom of what looks like a pretty clear corrective flat. Another signal of a bottom is the large volume spike we had yesterday, and we have retraced 100% of wave A. In Elliott terms, an alternative could be...

Nathanael

Fundamentally this company is looking quite grim. As an avid gamer, i know (as do most) the future is digital downloads. There is no reason for a company like this to be the "middle man". As much as I like owning a physical copy of the games, I'm a minority. Most people are lazy and want gaming on demand. Its like vinyl records. Gamestop is quite reminiscent of...

Nathanael

Ive been watching apple for a while, and we are in no doubt a corrective phase in the long term. The "corrective waves" down after the all time high suggest we are looking at a possible corrective flat. It would also make a good double top in traders minds, which would bring matching sharp C wave DOWN to the 400 area again. Lets see how it plays out

Nathanael

I think we are getting close to the end of the C wave ending diagonal. An ending diagonal for a C wave is rare, but I believe the properties coincide with where we currently stand fundamentally in the bitcoin world - uncertainty, and the struggle between old bulls and bears is coiling down into the tip of a wedge.... More often then not, the 5th wave of an...

Nathanael

Too early to tell if this is a wave 2 corrective triangle, but if this breaks out from here, the next target is 6.50

Nathanael

If my long term count is correct, then this will most likely be the outcome. The 1100 target is just a measured move from the triangle and is only a short/medium term target.

Nathanael

I believe we have hit (or come close) to the bottom of wave A. Looks close to a 50% retrace, as well as we could bounce from the bottom of wave 4

Nathanael

feel right onto the extended wave iv and is now oversold. Looking for a sharp rally back up to complete wave 3.

Nathanael

MNST looks like we are in wave C of a Flat Correction. Target 40.00 zone

Nathanael

Im getting warning signals everywhere. Looks like its at the top of a 5 wave cycle, wave 5 extended wave out of its channel, RSI extremely oversold, and I don't believe in Gap filling (but apparently the market seems to make it a self fulfilling prophecy) but there is a big gap. Target 8.30