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Elliott Wave

Tesla Short: Stop above $368, TP at $298In this video, I re-initiated the short idea for Tesla. Reason being that I observed that around $367-ish is an important price point (although I have no idea why). Also, the move up has been more corrective in nature (since I drew ABCDE). The move also resembles a rising wedge. In any case, the most important point in this idea is the stop loss which should be set above $368. The ultimate Take Profit Target for me is $298 with a short-term target of $344. Good Luck!
NASDAQ:TSLAShort
by yuchaosng
3
Tesla Short: Expecting Wave 3 of 3 DownIn this video, I go through the Elliott Wave Analysis for Tesla in detail and talk about how the final corrective wave may not be ideal but is still al valid place for a short. In essence, I think that Tesla should be going for a wave 3 of 3 down that will see it going to $273 for a short-term target and even below $214 based on the general market condition that I have previously discussed. The stop loss for this idea is above 349.54 but I recommend setting it higher around 351.85. Good luck!
NASDAQ:TSLAShort
by yuchaosng
20
USDJPY Short: End of Triple Combination and ABC CorrectionOver in this video, I explained my previous mistake where I thought that we have completed a double combination but turns out to be a triple combination. I talked about how the end of Wave Z was very near to the red trendline and that the move down yesterday was actually a wave 1 down and the 3-wave move up is actually an A-B-C that almost fulfill the A=C measurement (missing by 1 pip). This idea is a positional play which I recommend doing slightly bigger size (anchor position + extra size) such that the anchor position will not be closed out until the very big picture is done but we can scalp the "extra size" along the way. However, please take note to manage your risk well. The stop for this idea is 148.96 but if this is breached, I will look for another reversal signal and short and proceed with this idea because I do believe in the big picture set up. Thank you and Good Luck!
Short
by yuchaosng
USD Breakout Short against EUR, GBP, JPY, Gold, SilverThis is an analysis on USD itself where I think that USD will weaken sharply very soon against other currencies including Gold and Silver. As I pointed out in the video, there are short-term trendlines that the various currencies are nearing or already broken. Look for the breaks here to go short against USD and set your stop to a reasonable support/resistance according to the FX pairs you choose to execute this idea against. Good Luck!
Short
by yuchaosng
USDJPY Short: Completed Wave 2 retracement at 61.8%Following last Friday's idea to short USDJPY, now there is another opportunity to do a short if you have missed the previous chance. Or to shift your stop if you are still in the short position and have not yet taken your profit. Or to add in your short position. Over here, I pointed out 2 main things: 1. A 3-waves completion (ABC) for the retracement up. 2. The retracement stopped at 61.8% of the previous wave down. The stop for this idea is above wave 2 (>147.94). The preferred take profit is still at the trendline but for those of you who are doing more short-term trading, I suggested nearer targets using previous resistances. Good luck!
Short
by yuchaosng
Bitcoin ManiaAt these price levels we sit at and the fundamentals, I have to be bullish overall. Although, I have an issue with wanting to call a top/be a contrarian. I see the possibility of a bitcoin top at the 120k and have a tighter band of 115 to 118k to guide me in the short term and at a larger level the 120k to 110k. Ironically in my view it would be contrarian to be in a long right now, but could be the best trade of the day being at the lower 115k support and possibility of a strong reversal up to 120k. At the moment, I am out of my "riskier" ETH and ADA longs to see what the market does at this price level. Ready to jump back in for some fun if we can setup with a nice structure. not financial advice
INDEX:BTCUSDShort
by cryptowaveman
Bitcoin Short: Either Wave 2 of 5 or in Cycle Wave CorrectionBitcoin had completed a 5-wave structure and peaked very near to our previous target of $124,000 (see linked idea on 2nd Aug). Currently it has corrected more than $8000 from the peak. We are either in a Sub-Wave 2 of Cycle Wave 5 or in a Cycle level correction (A-B-C). Regardless, the direction is still down, just the target is different. For Sub-wave 2, the target is $98,400. For Cycle Wave correction, the target is $74,400. At this moment, we do not need to decide on which degree of Wave we are in. We can review again when Bitcoin price nears $98,400 and study the wave structure then. I discussed on where to set the stop loss if you are shorting bitcoin. There are 3 different levels, but remember that only a breach of the peak will invalidate this idea. Good luck!
BINANCE:BTCUSDShort
by yuchaosng
Nasdaq Short Again (nth time): Fibo Extension Level and 5-wavesOver here, I attempt to short Nasdaq again after another failure yesterday. This time, the 5-waves structure is supported by Fibonacci Extension level at 2.618x sub-wave 1 against entire wave 5 structure. However, take note the circled area where I pointed out 2 imperfections in the wave structure: 1. Wave 4 overlaps Wave 1 2. Sub-wave 4 overlaps Sub-wave 1 (a comparison with S&P500 increases the odds that it may still be a valid count) Given the imperfections of the wave counts, we still need to set our stop above the all-time-high to protect ourselves. Good luck!
OANDA:NAS100USDShort
by yuchaosng
3
Nasdaq and S&P500 short: Update on wave counts and trade setupOver here, I update on the wave counts and explain why I think Nasdaq and S&P500 is once again, short opportunities. If you had try out my previous idea on 5th Aug, the maximum profit would be around 250 points on Nasdaq before the price reversed and went higher. As traders, we are not so much concerned with being right but more on risk-reward and active trade and risk management. So I hope you would have taken your profit on that idea. The general macro and fundamental outlook remains the same as per previous video, which is why my recent ideas had been short ideas. In the near future, I foresee more short ideas too. Anyway, I believe that the risk-reward is good this time for another short for Nasdaq and S&P500. Good luck!
OANDA:NAS100USDShort
by yuchaosng
Nasdaq and S&P500 Short: A multi-factor analysisIn this long video, I go through why I think the equity markets are going to crash in August. Here are the important points: 1. I talk about the stealth liquidity which is the reverse repo balance being drawn down and almost emptied. 2. The risk-off asset classes rising: Gold, Japanese Yen. 3. The risk-on asset classes falling: Nasdaq, Bitcoin, Ethereum. Here's my outlook for the markets from now till September FOMC: 1. The equity markets, USDJPY, Bitcoin, and Ethereum will crash. 2. 3-month treasury yield will fall below 4.25% and even below 4%. 3. Fed will cut target rates to be within the 3-month treasury yield. As usual, good luck in your trading and keep your risks tight!
OANDA:NAS100USDShort
by yuchaosng
1
Gold long: Completion of Cycle degree Wave 4Hello, in this video, I go through Gold Elliott Wave structure on a cycle level (again) before zooming in on the latest 5-waves structure that is Cycle level wave 4. I talk about using existing broken trendlines and how that allows me to determine the strength of a move when there are false breakouts, whether to the upside or the downside. Lastly, I discuss on how to trade this on the short-term using lower timeframe and price action. Most importantly, where to set the stop and the rationale for it. Good luck!
TVC:GOLDLong
by yuchaosng
Nasdaq Short: multiple reasonsOver here, I present to you the Nasdaq short idea again. For my previous idea, it was stopped out at 23500. This time, I changed the wave counts again, mainly merging the previous wave 5 into wave 3, allowing for the new high to be a wave 5. On top of that, here are the few other reasons for the short: 1. Fibonacci extension levels: Wave 5 is slightly more than Wave 1. 2. RSI overbought for the 3rd time on the hourly timeframe. 3. Rising wedge false breakout. 4. Head-and-shoulders on the 1-min timeframe. As usual, the stop for this idea is slightly above the recent high, around 23700. Thank you.
OANDA:NAS100USDShort
by yuchaosng
2
Nasdaq Short: Catching a rising knife. Stop loss at 23500.Hi everyone, here I am trying to catch the peak of Nasdaq again. As mentioned, the previous idea was stopped out at 23,320. Now, for this idea, I am attempting another short with a 30 points risk for Nasdaq. The stop for this idea is fixed at 23,500. The take profit is 22,650. This is a positional trade and I will re-evaluate as the waves unfolds. So the strategy will mainly be trailing the stop periodically. Thank you and good luck!
OANDA:NAS100USDShort
by yuchaosng
Bitcoin Long: Completion of Sub-wave 4, riding wave 5I updated the Elliott Wave counts for Bitcoin and we should have completed sub-wave 4 and is currently onto sub-wave 5. Based on my counts, sub-wave 3 has extended and is slightly more than 1.618x of wave 1, thus I expect sub-wave 5 to NOT extend. Based on Fibonacci extensions, the price target is around $124,600. The stop loss for this idea is around $114,600. Towards to end of the video, I zoomed out for Bitcoin and observed that Cycle level wave 1 and 3 are HUGE (red font) and the current Cycle Wave 5 looks too small. Thus, the entire 5-wave structure of what we are going through now may be just a Sub-Wave 1 of Cycle Wave 5. And that means that longer-term, Bitcoin may really go to $200,000 and beyond. But for traders, keep our foot on the ground and trade what is in front of us. Good luck!
BINANCE:BTCUSDLong
by yuchaosng
Weekly Stock Pick: ORCL (Update)Hello Traders! I'm providing an update to the ORCL trade idea from Monday July 21st. Here's what I'm watching: - Price to open lower from Monday's close - Rebalancing in the highest daily Bullish Order Block near $239 - A hammer or dojji candle on higher volume - Potential confluence with the daily 9 ema, trendline support and higher low on the options chart Cheers, DTD __________________________ Financial Risk Disclaimer | DISCLAIMER: I am not a financial adviser. The videos on my channel are for educational and entertainment purposes only. I'm just showing you guys how I invest and day trade, but remember, investing of any kind involves risk. Your investments are solely your responsibility and not mine. While day trading can bring substantial gains, it can also bring serious losses! So make sure you do your research to fully understand the market before diving in. The possibility exists that you could sustain a loss of some or all of your initial investment, and therefore should not invest money that you can't afford to lose. The fluctuation of the market can work for you or against you. You should carefully consider your investment objectives and experience before deciding to trade in the market. Again, what you invest in is solely your responsibility.
NYSE:ORCLLong
by daytradederic