In this video I break down my technical analysis and forecast on the stock market as well as share with you guys my watchlist of potential swings for this week. If you found this helpful, please be sure to leave a like and follow :) also please note that this is not financial advice. Good Luck!
I've never seen a bearish thread on BLX nor have I seen the long term chart with a solid EW count, so here's my offering. This certainly won't be the most popular count on TV, but I think there is a reasonable chance it will be correct to some degree and I'd like to have it on record while Bitcoin is still topping and almost everyone is still looking up to the...
I surmise we are in closing phases of Wave 4 of a Grander Impulse Wave I.
I documented waves 1, 2, 3, 4 of bigger 1 below.
If I am correct we are heading to completing Wave 4 via WXY/WXYXZ OR due to start Wave 5.1 of Wave 5. Only Time will tell.
I don't know if you follow the news, but this one is important. Buffet announced that he bought an incredible amount of gold, which for me, would generate losses in the short term, but INCREDIBLE long term gains, because according to my analysis, after the gold reaches 1700, it would take off towards 3k+.
I have some bad feelings with the sentiment about the AUDUSD LONG (BUY). First, the price has already "breakout" from the Rising Wedge bottom trend line clearly! Second, it was unable to complete our basic 5 wave impulse where our 5th wave went invalid. Chances of another falling wave could form if the price falls deeper. Talking about the Fibonacci Retracement...
ETH very similar to BTC has completed a corrective pattern - expanded flat.
It broke the low and the broke the high of wave A making this an expanded flat.
Since it formed a corrective pattern instead of making a new impulse, should expect another wave down before any kind of reversal in Ethereum and rest of the crypto market altcoins.
We are at the moment in the 5th wave of wave 3 of a larger degree. Stop Loss @ 590 Euros. We are going to split our targets. Take your first (1/3) Profits @695-700, your second target is 730-740 Euros, and the last target is @815 (2,618 Fib level and we have a confluence zone forming with the top of the channel, but we need an extended fifth wave for that...
It already did 3rd Wave.
Now it's in correction.
Expecting a 5th wave to form soon if support of $12.6 stays unbroken.
S2) WHITE WAVE - ABC Correction before 5th Wave
IF S1 fails:
Expecting a 5th wave to form on around $12 area.
S3) If S2 fails - ABCDE Correction befor 5th Wave.
5th Wave might still start at about $10.7
S4) IF ALL ABOVE...