We are entering the age of AI. According to MIT, "Interactive massively parallel computations are critical for machine learning and data analysis" (A). The world is becoming more centralized than ever. Companies with the largest amount of resources will be able to afford the largest amount of computation. According to MIT, "the computing power needed to train AI...
Price did not tag Wave iv in Dec 2023, meaning there is a high chance of unfinished business down there. The strong move up has corrected to previous resistance (likely wave 4 or B) with a deviation. I am going with Wave B because quick moves like this looks like X. IMO, the deviation has already been triggered on lower time frame. Ripe for a short.
There is a nice correltion between the Pound and Aussie Indexes that has formed a nice setup on the GBPAUD pair.
LVS setting up good, 3rd wave WIP Target #1 56.50 Target #2 62
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
The token is correcting the whole upside that began last October. We are currently in wave C of the correction, with a high probability initial target of 5.487, which is the 100% extension of waves A-B. I´ll be watching the end of the correction closely, since price could pump from there.
We are looking at wave (3) in the higher time frame. Wave 1 of wave (3) could be finished or we had a relatively short wave (3). This is unclear for now. We reached the limits of the bearish scenario, we need to see downside from the current level.
the EUR is very bearish whereas we expect some dollar strength in the coming days. watch ECB meeting
In the higher time frame, it looks like we started a new upward cycle from the October low. This means the wave ((2)) low is in after an expanded flat. The alternative scenario assumes a wave (2) low of a lower degree. In the lower time frame, the primary scenario suggests that wave 4 as a WXY structure is in.
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
As much as I want this thing to have bottomed, it may need another low to make first. The reason being is when you zoom out to the bigger picture, look at the descent from the 26 Dec high. It has been a very strong one-sided move. This is very typical of C waves. Not to mention the MACD made its lowest low on 05 Oct. The two counts you see here are very close to...
At least a similar wave down after the break down. Potentially a nice runner, I would give it a try, if it falls
Not really much to add from my previous posts. We raised higher as expected and I am still waiting for us to reach the 0.618 retracement fib around the $192 area. Depending on what happens tomorrow, I will possibly buy those couple puts I held off on Friday. I would like to see a more drawn-out wave 4 but we shall see what price has in mind. I would also like to...
I just constructed a portfolio for a client who is rich but wants to get richer asap. :D This is how I allocated the money: PYPL: 30% ENPH: 20% SNOW: 10% Lyft: 10 % UI: 10 % LAZR: 10% how do you think about the allocation, which one them shall I buy more ? Not a financial advice
A candidate for another -90% drop. Price is printing a flat (looks complete). Target ~$2 per share. Need a confirmation that the impulse advance in the wave C is done.
This idea is solely based on price action combined with elliot wave analysis. The sharing shall not be treated as financial advise. Trade at your own risk.
OANDA:XAUUSD opens lower on Monday and is testing 2025 for a breakout. Technically, gold is weaker than the dollar as regulators continue to support the index. Fundamentally, the gold market is only watching the dollar's behavior. The dollar index is consolidating after a micro rally, but both technically and fundamentally the index may strengthen. The market...
USDCAD came sharply to the downside back in November and December of 2023, which looks like an impulse in 4h time frame, so more weakness can be seen until we see five subwaves down completed. Ideally, that's now a wave 4 rally from 1.32 that is already trading into 1.3450-1.350 resistance at the 38.2-50% Fibo., around the former swing low. Ideally market will...