As drawn in the chart, expects 966- 974 to be the resistance zone and thus a good short candidate in terms of risk-reward.
This is a short call that I had forced the last wave up to be an "ending diagonal". The reason for doing so is because of the price-volume divergence that is shown on the daily timeframe when AMZN was making a new high. For those who are familiar with "Ending Diagonal", the imperfection will to be pointed out is" "Wave 1" did not show clear 3 waves. "Wave 2" is...
A few points mentioned in the video: 1. Completion of Wave 1 "Leading Diagonal" structure. 2. Fractals observations on Fibonacci levels. 3. Expects wave B down and Wave C up for an A-B-C corrective wave 2. Not mentioned: Consider Wave 2 to end prematurely if low is breached.
So, I've previously mentioned that Gold has a major cup-and-handle formation (linked to this idea) and that it is a very bullish formation. Price has since broken up and I spent some time to update on the Elliott Wave counts in this analysis. Here's what I expect Gold price to be for the near term: 1. It will move up for a 5th wave of a higher degree 3rd wave. 2....
Disclaimer 1: This is a bias view. I think that 20Y yield (as well as 10Y) will be going down. Disclaimer 2: Note that this is the 2nd time this year I am calling for longer duration yields to go down (linked in this analysis). Analysis portion: 1. H&S formation. 2. Completion of double combination of zig-zag.
It takes a long time for the world reserve currency to die, but it is an eventuality. A "When" and not a "IF". This analysis is based on my own bias reading using Elliott Waves, and also on a few other major issues: 1. The US debt of 34.2 Trillion. 2. The atrocities happening in the US and committed by the US worldwide (if you don't know what I am talking about,...
Tencent short based on: 1. Completion of 5 waves structure. 2. Fibonacci Extension level from wave 1. 3. RSI divergence. 4. 5-min corrective wave up.
I am expecting Nikkei to crash next week for a 3rd wave down.
I just watched "Dumb Money" and I thought to look at Robinhood's chart. What I found tells me that Robinhood will probably not see above $20.55 for a long time to come. Avoid this stock.
I've drawn the potential Elliott Wave structure here. And now I have a short bias based on that. Now there are 2 possible entry points in NVDA: a potential right shoulder formation that will give us a limit short price, and a break down stop order price.
This is a long-term short idea. Perhaps the best way to execute this trade is via short call option above $430.
There are 2 ways that AAPL can move but I have a bias for it to breakdown instead of us. The reason is because the entire market has overran too far and too long in an almost straight line way and it seems like most are on the peak.
This analysis is based on the expectation that AMZN's last wave is an ending diagonal. This analysis will not invalidated if price moved above 187.24 because currently wave 3 is the shorter than wave 1 and thus wave 5 cannot be longer than wave 3 (see green Fibonacci).
I've published the short idea for HSI on 18th Mar and this is how it has gone since. I've updated the counts to what I think are the waves that unfolded since. Simply put, the next move is down.
Silver experienced what I would call a healthy pull back because it hits the upper trendline and came down. My bias is still LONG in the long-term but holds no position until price breaks out or reassess when it hits the lower trendline.
The peak for Bitcoin is already made based on: 1. 5 wave structure 2. 2 Fibonacci Extension levels
Based on convergence of 2 Fibonacci levels and potential ending diagonal setup (for another ending diagonal setup, please see linked analysis). Please take note that this is using Oanda CFD.
My last analysis for HSI was a bullish call. Since then, the move for Hang Seng up move hasn't been that clean and I thought that it is time for me to publish the bearish alternate count. As should be clear, I have termed the up move as a triangle, and thus expecting a move down at least to the low made on 22nd Jan. Note: I have linked my bullish breakout analysis here.