Hi traders, last week we saw expected push to the upside on bitcoin, but after that price made pullback again, which for me is showing that price isnt ready to push higher. So i i change my view a bit, i still expect that push to 27k area to complete that flag, since we have A-B wave at the moment, so we need third leg so complete this pattern. So as you see price...
Chart shows the fib extensions for clean ABC and subdivision of C. I have us going up a 3rd wave of the 3rd wave with the 1.618 extension of 1 to 2 at $58. The biggest hurdle will be breaking out of this channel. If we can't break out of the channel, looking for IPO range prices (think BTC 2018 correction pattern for a triangle).
- OPEN is looking extremely bullish is in a huge channel between both trendlines (black trendline). - It also looks like it broke out of flag and currently going to retest the trendline and making some sort of a falling wedge! - It also looks like its a 5 wave structure to the upside, ending in that prefect trendline (black trendline) - Overall Bullish with...
- MSFT finally showing life of a break out once again, this time i beehive is go time for it. - It looks like its finally ready to break what feels like forever traingle. - New wave count intact but it seems to be extended as that wave 2 retrace deep - Overall market looks bullish on tech
- Ride looking like a nice triangle, correcting forever. - It also showing a possible acbde traingle but very unlikely as a the famous 1,2 count is showing off nicely for a huge long to the upside. - Overall bullish!
- DKNG looking like a huge triangle to the upside. - It also looks like a possible IHS. - Catalyst coming up is the super bowl be cautious as it could be a huge HS and bee sell the news. - If this triangle breaks out to the upside it will be a huge move!
- JKS looking strong with a huge Flag combined what i believe is a inverse head and shoulders. - Its currently in a wave 4 correction phase so this could be a pullback. - It also has a Biden catalyst too. - Bounced off the fib nicely but once this flag i believe it is in i see a huge move to the upside
- Lazr update it is following the triangle its in it might be a diffrent count but almost all alt counts show this a full on long - I see a triangle pattern along with it bouncing off support - First target is 40 after that i see ATH
-Spce looks like a impulsive 5 wave up -Its also building an amzing rising wedge for that final leg up -It also has catalyst witht he spce launch -Overall bullish (trend is your friend)
This has been a stock that has hilarious rocketed to over $100. I actually had a coworker tell me about this stock, battery hopes, rocketship emojis, and all that. He bought at $100 and sold at $45 today. Hilarious. We don't get attached to stocks here. We are traders. And boy this setup was beautiful. Trading the B waves of exponential run ups are insane, and...
LTCUSD chart analyis by eliot wave for one month and you see all wave
Hi traders, as you see gbpjpy is in big bearish flag pattern, price didnt break high of our impulse so this setup is still valid for me. Price break our trendline agressively so that indicate that price is lossing buy momentum and it might push lower. But in order to confirm that move we need correction so that our price action will be complete. I will wait for...
Uber after catching an amzing impulsive move seems to be correcting I expect a hard bounce in the .618 if not i will be worries as it could be playing around this region or could be a fake out, overall keep an eye on it in case it does want to make another move higher!
Vuzi agian looks very familiar to other set ups like a huge triangle ready for the break out i don't know when the correction will finish but thats what alerts are for! don't miss this one as this can like coty can start its impulsive move at any time!
Coty is extremely bullish I am seeing a possible wave 4 triangle for its next move up with it does indeed have 2 gaps adobe that can possible fill, i am extremely bullish on this as it seems wave E is almsot complete and Wave 5 can come at any time!
PG looks like a good long if it can hold support or bounce off my next fib if not i see this dropping to the area I have marked up before making another impulsive move higher, overall i see this following Eliot wave nicety don't miss this one you can ride the top or ride the bottom your choice!