Two weeks ago I shared my view on the TVC:SPX in that it was either following a standard impulse patterns higher or it was following an ending diagonal pattern. I mentioned back then "The first sees (grey) minute-iii complete soon then wave-iv (orange target zone) and then wave-v to complete (green) minor-3." Ideally I would have liked to see wave-iv reach...
Watch your lower timeframe and see if there will be any signs of reversal. We were sellers since yesterday but now we dont have any sell setups and Selling DXY from that spot becomes a risky one.
If the price will become aggressive will invalidate the setup.
Using our Elliott Wave Indicator Suite for the TradingView Platform we have identified a potential Short 5th Wave Swing Trading Opportunity on TRV. The 5th wave move in an elliottwave sequence is the highest probability move.
The wave 4 pull back after the earnings gap down has found resistance in the green zone of our probability pullback zones, which...
The Bull Bear Trend oscillator back to bullish.
As much as shorts will have you believe that there is no reason for them to be concerned they are already covering and the number of shares sold short is down 17% from the highs.
Not covering here near the golden cross, 9% above the 200-day MA is very risky even from a TA perspective.
Additionally, the date of...
I just adjusted my count because the market seems to tell us that primary w.5 is unfolded to be ending diagonal which is 3-3-3-3-3 wave move as we can see that w.1 is a 3 waves move thus I expect we to get another three wave move for the.second wave as well. we can wait for 61.8 and 78.6 retracement to enter the long position.
I think we are in a zigzag correction with w.B retracement of 61.8% of w.A and if w.B is indeed ended we should be now at the beginning of w.C which is w.(1) of smaller degree. By looking at the structure I think we are at the last wave (w.5) of w.(1) which seems to be a leading diagonal. IN MACD we also see convergence in 4 hour time frame confirming that we are...
I'm still bearish, but I believe price needs to move a little higher before the bears appear. A nice bull trap to break the all time high, before a reversal to the 1800 handle.
Calculating the mid point of the wave and using symmetry, the target should be around the 3100 level. Coming from another angle, I used another method to get close to the same result.
We are slowly in the end zone of the ABC retracement up.
Currently we are undergoing the C wave, within that we have 5 waves.
There is two bearish scenariosus here: While the 3rd wave didnt go above the 1.618 we could think that the 5th wave could be extended to 2.618 (120 USD)
We could also drop here from the 2. to 2.272 extension. due to the RSI making 4...
I was able to spot a few key rules for why this might play out the way it shows. Starting from the high on March 2018 we can begin to line up our WXY pattern. Within that WXY Corrective waves, you can find the ABC correctives. I'll leave you to interpret how you see those but I left them out to make the chart look cleaner.
- If you look at Fibonacci drawn from...
SDPI on high alert. This past +410pct winner looks ready to explode once more!
SDPI Superior Drilling Products Inc.
Alert Price: $1.71
Average Analyst Target Price: $4.00
We are coming off another great week.
Past Alerts QBIO and AGHI...