Bullish count (in green) would have us working on a wave 4 down towards the 5000 level. Bearish count would have us either working on one final five wave impulse up or a truncated finish (top is in) and dramatic move downward. Key support is 5157.
seems like SOL will drop from their previous high to find the bottom at 151-164usdt/sol then they will go for the next bull run
Buying UNP on the 5th wave pivot. Price dropped below support and made its way back on 4H timeframe. Settled on support on 1D. TP at 258
5th wave pivot identified. Price reversal and pivot from the end of wave 4. Price is slightly above support level at 104.5 but could wick down and bounce from that level back to TP of 111
For McDonald's Corporation, we continue to believe that we are in a long-term downward correction on the daily chart. We completed the first 5-wave cycle with Wave (5), nearly at the all-time high of around $300. Since then, we've developed the subordinate Wave A and potentially also completed Wave B or at least its initial parts. We expect to see Wave C and the...
Now that SPX has made a lower low today, we have another confirmation that the rally from October has been completed. It was an extended 5th wave, as noted with the 3rd wave having the highest RSI reading, followed by a sucession of 4 bearish divergences in RSI.
FX:XAUUSD continues to trade within the counter-trend correction channel. Another resistance retest is being formed, and the market is under pressure from the resistance. Gold has a neutral-negative fundamental background due to a wave of positive news in the US market. The dollar is strengthening a bit, which generally forms a resistance pressure on the...
AAPL, now at 170.78 on MArch-15-2024 :: Looks like broad flat pattern in progress in Wave4 ( Per EW , wave 4 is a consolidation phase ) Simple Strategy to investors. buy at cmp, Wait and buy again at lower trendline at around 167.5 Hold with conviction for 4 to 6 months Target price to watch --> 202-204
CVNA, now at 80.7 on MArc-15-2024 : Per EW, this is in wave4 of wave5 uptrend Buy few at cmp, Buy few if this falls to 65,52 Uptrend confirmation at 90.34 Tehreafter levels to watch --> 102.07, 109.32, 115.2, 121 Expected gains from cmp --> 50%
ADBE gapped down 14% today below the 200MA. Such a huge drop has confirmed that it is correcting the whole rally from Sept 2022. Expect a bounce and further downside into the 0.5 to 0.618 retracement of this rally in the monthly timeframe. In the daily timeframe, it would coincide with the zone between 420-450 I expect in April. Short-term bearish until...
LUNR, now at 5.9 on March-15-2024 : As per key observation of US stocks, Per EW there is high chance of retracing till 0.236 and the same happened in LUNR also. Strategy in investing in LUNR is simple. Invest little Keep strict stoploss at 5 Accumulate on miving higher levels at 6.61, 7.88, 9.14 uptrend confirmation at 13.25 Thereafter target prices to watch...
QQQ made a lower low and has already lost the 21 moving averages in 3 waves. Next Monday and Tuesday it may bounce before another sell-off, probably triggered by FOMC's decision on Wednesday. To me, it is not worth trading QQQ these few days with lots of chop. The volume has been light the last few days. It's better to move to a trending instrument like Gold...
A retracement before the 5th wave. 3rd wave is not extended. Higher possibility that the 5th wave might be extended. Confirmation comes with the break of the monthly resistance with a massive amount of volume. If 5th wave is not extended, a wave 1 is to be completed with an arbitrary form of retracement. A 3rd major wave will be prepared.
Observing some interesting resemblence of Friend3 to Cardano's run in 2020/2021. This underdog project with around 4 Million Marketcap is gonna shock a lot of people for shure.
I drew this in early Feb, and have since adjusted it with the pullback from 73k, taking into account the cup & handle pattern forming on the weekly. Expect some sideways, downwards uncertainty whilst GBTC outflows continue on the ETF front. As halving approaches closer, the fomo will reignite and blast upwards with the realization that there is not enough btc...
DISCLAIMER : All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
wave 2 correction seems finished and is about to rally soon, if not tomorrow NASDAQ:ARM
After the confirmation of the next wave up, my primary count considers we´re now in gray wave 4 correction. The 50% pullback sits at 0.02630, which would be a great place to look for reversals in smaller timeframes. This count is valid as long as we stay above 0.02318 (gray wave 1 high).