We will reverse by 91,530 S5 or 87,668. Probably the4 first one, and within 7 hours... Based on Elliot Wave Theory and the daily Pivot Point range. I listened to the folks in the Cryptocurrency room and heard things like, "we will never reverse" all doom and gloom, it makes me feel like I have wasted a. lot of time trying to teach Traders about how the markets...
ONCE THIS 4TH WAVE COMPLETES We will have a LONG opportunity for Wave 5 of V. Waves 1, 3, and 5 are impulsive In the trend and complex, containing 5 waves inside the fifth wave. Some Elliotitions only trade wave 5, I have seen 7 waves, 9, waves, even 12 waves in the trend direction, UP, but these are extraordinary. day traders pay attention the reversal / PT...
Since January 27th at 6 AM we have completed 4 Elliot Waves. Which i have labeled on my chart, using OpenSource free pine Indicators. Wave 5 potential highs are labeled on the chart ranging from 105k R5 to 111K R6 in the Pivot Point range. What have I learned over the last 3 months of trading Bitty? Bitty is obviously way more volatile, meaning R6 and S6...
Those of you who follow my posts will remember I have been predicting a C wave down, since the Christmas Rally that Retail ETF traders weren't allowed to participate in (The CASH Markets were closed). The ABC wave down completed last night at S6, an extended level I watch using CD_Camarilla_All Levels Indicator. We should have a huge rally today. BTCUSD has...
On the blue C wave targets on the lower right. This is meant to teach EWT elliot wave theory, to give not give trading advice. There is a corresponding Video Idea that goes into more detail. I will update the idea during the day tomorrow. I''m planning on buying with both hands if BITX /BITC go down on a 28" C wave. any rally will be over by the 1 AM...
Many retail traders wander around in a fog asking others "are we going up or down, short or long?". If you don't have a trading plan for the day, much less know the direction fo the market.... Traders who know will take your money... Don't come to an automatic machine gun fight with a butter knife. Compare this set of 5 waves up followed by an ABC down) to...
we are in an EWT Diamon d Top formation in every indices, every stock, bitcoin , and gold have all had similar diamond tops i feel the recession is finally here, FED be damned. They always cause the problems. all the FOMC does is screw up the market everything has had a diamond top, prepare for the bear blizzard This crazy rally reminds me of Custers last stand
on the left hand side we see a series of days UP, 5 waves up and an ABC down, day after day, this is how the market moves up. We had 5 waves up, from the diamond bottom, (red 5). to a 4th wave down, that turned into 5 waves down, and on the ABC up, it reversed again and fell, now reversing off the wave 3 down, close to the lower edge of...
This is not a simple buy/short situation... there will be buyable lows and sellable highs. I think a 5h wave up is possible. but ultimately a big selloff after that. time to go to cash or put your shorts on long term just my opinion. Please form your own opinion on each trade and understand why you are taking it and only by taking responsibilities for our...
Back in 2000 everyone rushed into gold, price $260 the ideal hedge against a stock market crash 2000-2003, true BEAR market. Since then it has inflated to $2500, not priced as an ideal hedge anymore... Trades mor elike the Other indices SPY, QQQ, etc. If you study this you can ignore all the prices obscured my the PP Indicator, just look at the ideal buy and...
Forget Elliot Wave Theory for a minute, think only pivot points. I call buying S5 and selling R5 as the ultimate buy and sell zones. It sounds too easy. n Lets examine4 trades, easily spotted. 1. BUY May 22 2024, below S5-S6 2. SELL July 11 2024 R5 3. BUY August 05 2024 S5 4. Sell August 22, R3.5 5 BUY S5 , August 28 6. September 03-04 2024.. SELL...
This is the same idea as my post about the ES, but for the Q's. I have included a textbook diamond pattern from a medium turn ATH, series... We can learn from history or burry our head in the sand. This pattern is NOT a inverted, V shape recovery", it is a series of complex elliot waves, creating a intermediate term top. We may see a new ATH on Tuesday when...
The last time I remember seeing this pattern was at an all time high January 2022, that over a long time creating this same diamond pattern. There were, and are, many new ATHs created just like in the recent past... other similar features were, and are, Head and Shoulder patterns, many of them, attempts to crash the market and new att time... The head and...
i have been waiting out this 5th wave up since Sunday. Everyone speaking in the room I was in was bearish at the close, because we have been going down for days, and went down at the close... hey all that noise was wave 4. 4th wave is corrective, check, complex (5 waves inside it), and counter trend... Run a weekly chart on ES, the trend is still UP,, until it...
Sunday evening; WE RALLIED AT THE OPEN OF THE Sunday futures session. Typically there will be a reversal to go back down to pivot/VWAP by the MONDAY CASH open. Since Mondays typically are Bullish, according to backtesting... "they" will sell overnight until London opens, this could lead to. big rally by NYSE open. So i'd like to go long with london. Later in...
My 3 year backtesting shows typically mondays are up and fridays end down. That doesn't mean we short all day... I think we go up from here based on trend, candles, elliot, and this new chart overaly with my friend AnotherDAPTrader's strategy DAP Scalp 1 MAX.. Any questions ask him please. point is we have a doji above pivot and a 3 day ABC correction...
QQQ from $110 to $20.... lasted 3 years... , 50 EMA well below 200 EMA.. only 2 recessions since 2000 massive losses as money moves from Retail to The Bilderbergs hands.
Price has to get back inside the PP Range, fact. All we need for that to happen is about a .236 fib retracement. The white lines, on top of the blue fib retracement are where i think S6 and r6 will be tomorrow. an educated guess. 30 years of watching price go from extreme to extreme tells me we are oversold, the rubberband is wound too tight, VAWP and P. P. by...