How to be rolling in cash in no time and become a filthy rich highroler with shitload of money? My plan is simple. Very f****n simple. We all expect Bitcoin to cool down because todays price is simply too high. Unbearable. Todays price counts expectatons 20 years ahead. Real price should be approx $100. These days /till December 31st / we are in overall declining...
I would wait for this downward trend to finish before buying. The partial decline at the end of October led to it piercing the top trend line of the pattern but then the throwback occurred. If the trend changes and starts back upwards, the movement should be a strong one and you'll want to buy. thepatternsite.com
From its peak in April 2015, the DAX has lost about 20% in the context of global stock market declines over the last couple of weeks. This week, the index managed to stop its downward trend at its supportive multi-year up-trend. The general picture supports the view, however, that we have not yet seen the trough. In order to brighten up the chart, the DAX would...
We're still tracking the proposed Elliott Wave Flat and are still in the third wave of the decline which should not be stepped in front of on the long side. I can't emphasize this enough as an analyst and as a person with a conscience that realizes peoples futures are tied to markets. See the progression history via the related ideas links. We've got a couple...
Good morning Everyone. The last couple of days have been a wild ride with the massive whipsaw on the Fed minutes release and subsequent market selloff. The proposed Elliott Wave flat that we highlighted back on the August 4th (see link for related ideas) still continues to track exceptionally well. We've entered into the wave 3 portion of the decline as is...
Good morning everyone. We are coming into a window of weakness so we are looking to begin layering in some short positions. The ideal setup would have us revisit the 2110 area without exceeding grey 2/B. We're also still very aware of the potential double retrace of an extended fifth wave highlighted by the magenta channel. So we'll be conservative with the...
I am staying short but its good opportunity to short it on the bounce for some pips. I don’t like buying the pair and favour selling bounces.
So finally my channel is now broken and i am expecting this decline to resume toward 1.5340-1.5240 area. I am not going to buy this pair right now instead i will wait and look for a opportunity around 1..5340-1.5240 to buy it.
Ok so i've seen this kind of pattern before when i lost alot of money but anyway by looking at this chart i think EUR will make a new low if it breaks that support which is likely becuase most of the people will enter for long positions here just because they think that last time EUR bounced from this point but this time it won't if the statement made by someone...
It appears that a huge double top pattern is forming in $APPL!
In this chart i have contrasted 2 ways to count the recent gold's decline. In blue there is the wave count expressed by the EWI, that went open public in a video released the last week. In black is my view of the wave count (I hold from at least since year or so that this decline have a very significant 3)rd wave extension) Both wave counts have the their's weak...
If my wave count is correct, then $FB should start another phase of decline.
It should decline from here. Target is 1.
It should decline from here. Its target is 1.
This simple pattern definition of the decline shows repetitive wave action during the decline since Dec 2013. Pink triangle: function - progress decline, outcome - target midline TL Blue triangle: function - retrace decline rapidly in 3 waves, outcome - target upper TL Yellow arc: function - consolidate, outcome - touch TL below retrace top Based on this...
H&S Target is 38. Wave (iii) target is 38.
FB should continue its decline toward $38.