jlantrip

jlantrip Updated 

With reaching the .618 in what looks like an impulse, albeit somewhat weak, I am inclined to think its an A wave and we are making a larger flat pattern in the broader markets. Looking for an abc down to the .618 retrace and a good trade long on the potential C wave up. Order blocks fall in line well with the retracement zones.

jlantrip

BTC looking close to finishing this complex correction, hard to say if its a 2 wave or a B, my larger count suggests this is still a B wave and we will end up making a lower low and testing 3k. However it always remains possible to break impulsively up and if thats the case we should see quite a bit of strength on the next move. Order blocks daily and 4 hour are...

jlantrip

Down trend still intact currently. There is a potential the bounce was impulsive so I have included a potential larger X wave in green which has the potential to head back up near the highs, we will have to see how the move down develops when we finally top the bounce. Noted areas for targets on the downside remain the algo target and .5 retrace on the larger time frame.

jlantrip Updated 

Paypal has be bucking the trend it seems, but in my view that looks like an ABC Flat correction, Not financial advice, but it provides excellent trade potential as the stop at the all time high is close by. Looking for 5 waves down, we will be able to squeeze out the structure and timing better as it forms, but April options make sense based on the pitchfork and...

jlantrip Updated 

Crossing the previous potential 2 wave high turns this into a more complex elliot wave count which will clear up when we bottom, target window around 5400 to 5000 remains and we will clear up the count at that point. You can see we entered the .618 retrace from the B/X wave high. Volume has been a key indicator, if you notice increasing volume on all selling and...

jlantrip Updated 

These are my two primary count updates for the Nasdaq 5D chart. I believe we are still inside the C or 3 wave in the first part of the correction. Which one doesnt really matter though as either way its a good idea to take some short profit between two targets for a reload. Likely there will be some sort of fundamental news to support a relief rally especially if...

jlantrip

Always important to maintain a long term perspective, if you have any faith in humanity there must be progress and exponential growth could be released, and ideally intelligently distrubuted. Hedge yourself for whats ahead.

jlantrip Updated 

Here is one of the likely cases for the DJI long term count, there is certainly a case to be made that we have a 123 wave in on the cycle degree, but you could potentially call it a 12 12 just as easily, and if you think we will truly experience exponential growth into the future that must be considered, in fact I find it just as likely as finishing a 3rd, and...

jlantrip Updated 

Quite a clear 5 wave down on the SP which is the cleanest of the indexes. Looking like an excellent short entry scaling up to the .786 if we make it there. Whether its an A or a 1 wave down is yet to be seen, but more downside is highly probable IMO.

jlantrip

Here are the confluent algo zones, pattern targets and fib support. We can see 3 major clusters of likely support from the profits that algos take from their shorts, combined with the targets of the thrust from the potential elliot wave triangle(Needs to break the low to confirm) and the .786 fib retrace from the major wave structure and the next high volume node....

jlantrip

Still expecting another leg down, everything looks right for this to complete lower. Always be prepared for the contrarian view point though and trade safe.

jlantrip

I know some are watching apple for signs of the top for the market but I still see some upside here before we reach target. Working on the 3rd of the 5th of the 3rd of the 5th on the larger degree by this count.

jlantrip

Sometimes best just to simplify, just going with an ABC the complex section if the 4 wave attempting to get through the muddy waters of 6400 where there is considerable VPR for BTC, entry on the .618, stop out the .65

jlantrip

Dont get trapped in these bounces, the alts are more clear in the count than the complicated BTC but they reveal what the likely outcome is. One more leg down!

jlantrip

Here I have a lot of data in the chart, sorry if its a bit busy, but I have included two possible correction with 3 end point potentials. The first would be an ABC completed at the nearby algo target around 5200. The second and third are both WXYXZ corrections ending at either 4200 or in the 3k region. My primary is that we are making the A wave to 5200 for a...

jlantrip Updated 

Good confluence coming for EOS, I believe the market has one more low to make before a nice bounce in the alts.

jlantrip

BTC is bouncing but we certainly have to be aware of the weakness via the volume and inability to close over resistance levels. Key test at 7k for this count as can cant break into 1 wave territory on a wave 3. On the downside we have excellent algo target confluence at the 5300 to 5k zone and finally in the 4200 region along with a high volume node that I suspect...

jlantrip Updated 

EOS has been playing very technical, with two .618 retraces in a row on the large time frame, if it is as I labeled as a 12 12, we will be starting the 3 of the 3rd. If thats the case, buckle up. If this pivot holds we have an 80% chance to reach the median line as per andrews pitchfork rules. I put the near term 3 wave target more conservatively at the 1.618...