freeguy_by_wmc

freeguy_by_wmc Updated 

Crude Oil NYMEX:CL1! ! Let's delve into a crucial chart, our beloved Crude Oil (CL1!) Futures Contract. Starting the count post the pandemic dip, we've completed a 5-wave cycle reaching $130. After a subsequent drop, the Wave C formed in March 2023. Following that, in my analysis, we've crafted an upward Wave X around $95. Currently, we seem to be descending...

freeguy_by_wmc Updated 

Cronos #CROUSD: CRYPTO:CROUSD Cronos a cryptocurrency that has shown exceptional performance since October 2023, marking the end of a correction at $0.0488. We've developed a Wave (1) and have completed a Wave (2), which ended as a zigzag correction. This correction reached the 61.8 to 78.6 level beautifully, a common occurrence in cryptocurrencies, often...

freeguy_by_wmc

NIO (NIO): NYSE:NIO NIO has recently slipped below the $7 mark, signaling a possible continuation of its significant downward trajectory. After peaking at $66.99, NIO has been on a prolonged decline that shows no immediate signs of concluding. While the descent is expected to persist, it's critical that the price stays above the $1.19 threshold to maintain a...

freeguy_by_wmc Updated 

Polkadot (DOTUSD): BINANCE:DOTUSD Polkadot appears to have completed Wave (2) with a notable level of certainty. Upon further analysis, it increasingly seems we're witnessing an ending diagonal pattern. This indicates the potential conclusion of the current uptrend shortly, leading to a corrective downturn for Polkadot. While Wave 1 could theoretically extend...

freeguy_by_wmc

Qualcomm (QCOM): NASDAQ:QCOM For Qualcomm Inc. on the weekly chart, we now assume that after the significant rise during the Dotcom Bubble for Wave (1), and having observed Waves (4) at $101.47, we are approaching the completion of Wave (5) / the first 5-wave cycle towards Wave I. We expect this Wave (5) to be in the range of 50 to 61.8%. This places us at a...

freeguy_by_wmc

Nasdaq (NQ1): CME_MINI:NQ1! Examining the Nasdaq on the daily chart, it appears we may have indeed reached the final level of the potential primary scenario Wave 3 at the 461.8% extension, which is around $18,400. Now, we should be entering a Wave 4. If we continue to rise beyond this point, we might consider an alternative scenario where there is a bit more...

freeguy_by_wmc Updated 

Silver OANDA:XAGUSD Let's take a closer look at Silver , a precious metal known for its notable volatility compared to Gold. Initiating our count post the COVID fall, a swift Wave (1) movement unfolded, followed by an extensive Wave (2) correction featuring a Flat pattern and subsequently a Zigzag for Wave (2). The completion of Wave (2) occurred around...

freeguy_by_wmc Updated 

Cosmos (ATOMUSD): BINANCE:ATOMUSD ATOMUSD For Cosmos (ATOM), the analysis begins with the correction phase that concluded around $5.65, following the first bull market. Since this point, Waves (1) and (2) in blue have been formed and completed, with the local high of Wave (1) at $17.16. This correction was a three-part downward move ABC. Upon closer...

freeguy_by_wmc

Litecoin (LTCUSD): BINANCE:LTCUSD In the 4-hour chart for Litecoin (LTC), it appears that we've seen the end of the subordinate Wave (iii) and Wave (5) at the 227.2% Fibonacci extension level. Now, we're anticipating a Wave (iv) correction, which should reach the 38.2% to 50% level. We don't expect it to fall much further. It should surpass Wave (iii), at...

freeguy_by_wmc Updated 

Microsoft (MSFT): NASDAQ:MSFT We remain steadfast in our primary scenario for Microsoft , which suggests a significant correction is underway. Thus far, there have been no deviations from this expectation. Upon closer examination of the 2-hour chart, we observe that the subordinate Wave (B) precisely reached our targeted 127-138% retracement levels. We now...

freeguy_by_wmc Updated 

Polygon (MATICUSD) : BINANCE:MATICUSD Since our entry into Polygon, also known as MATICUSD, we've seen a 35% increase, and we're optimistic that we've successfully concluded Wave 2 and are currently in Wave 3 in red. Since then, we've adjusted our stop-loss, secured profits, and set the stop-loss at our entry price. We're going to let the price run and see how...

freeguy_by_wmc Updated 

Polkadot #DOTUSD BINANCE:DOTUSD Polkadot remains a chart of high interest to us, even though we narrowly missed our limit order by 10 cents. Since the near-miss entry and the low at $6, we've seen the development of Waves 1 and 2, and now the question arises whether we're in Wave 3 or experiencing a zigzag correction. However, the latter seems unlikely...

freeguy_by_wmc Updated 

While we're not ones to conjure doomsday scenarios or firmly believe in them, it's undeniable that some charts, stocks, commodities, etc., have the potential to plunge significantly. Apple NASDAQ:AAPL is one such example. It's essential to clarify that we don't primarily anticipate a 40 to 50 percent drop in Apple's stock price. However, we must acknowledge...

freeguy_by_wmc

Wheaton (WPM) : NYSE:WPM Due to growing interest in the gold market, we've decided to include a mining stock in our analysis, specifically Wheaton Precious Metals Corporation, a Canadian company that focuses primarily on gold mines. We start with the weekly chart to examine this company. It's important to note we're dealing with Canadian dollars, not to be...

freeguy_by_wmc

DWS GROUP (DWS): XETR:DWS Analyzing the relatively young German stock, DWS Group, listed on the Xetra exchange in Germany, we find ourselves in an overarching Wave (3). We start this count at the Corona low of €16.75. Wave (2) concluded at €23.21, and our old high is at €41.88, which also represents the level of Wave (1). Naturally, for Wave (3), we aim to...

freeguy_by_wmc

Bayer (BAYN): XETR:BAYN Upon request from one of our members, we're taking a closer look at Bayer AG. We believe that we are still in an overarching Wave II. This wave finds its last true support at the 88.2% retracement level at €24.51. Falling significantly below this level would likely lead us to see a 100% retracement down to €8.48, which would be severe...

freeguy_by_wmc

Porsche (PAH3): XETR:PAH3 Our analysis of Porsche Automobil Holding focuses on the stock's price movement since the lows during the COVID-19 crisis at 28.48 EUR. Since then, Wave (1) in blue has expanded to 102 EUR, currently serving as a local high. Subsequently, a remarkably unusual and complex Wave (2) has been observed, which appears atypical at first...

freeguy_by_wmc

UBS GROUP (UBSG): SIX:UBSG The banking sector has experienced significant turbulence over the past years, which has not spared UBS Group from Switzerland. Please note, this analysis is presented in Swiss Francs, not dollars, as we're examining it from the Swiss stock exchange perspective. Unusually, we're delving into the monthly chart here, where it's...