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EWT

NLR - Nuclear's Next Leg UpI've been tracking NLR as a way to get context to speculative nuclear stocks and how they've been performing as a whole. Pretty sure there's a new leg higher involved, however; we're in December. So, I expect a choppy month overall, even with fed rates potentially being cut I would expect short term volatility as people engage in tax loss harvesting. Would also look at removing NNE/SMR stocks if you have these holdings due to incredibly high share dilution. My winning choice here is OKLO, they also engage in share dilution but at a moderate pace compared to the other 2. (Yes I know OKLO literally engaged in share dilution last friday lol) Overall, feel good about this wave-count, but it is an index and I'm often times missing the mark on those so. Wave-Count Confidence: Average
AMEX:NLRLong
by ThePennyMan
IREN - Bottom is in (Maybe?)IREN looks to have recently finished an expanded flat correctional, oh no recent news of bonds and potential share dilution for selling shares for financing? Short term downside sell the news event, use it for the perfect entry that it's giving us. Keeping stoploss at $39.55, betting on a higher low forming and full recapture, this is a bit risky given the significant VWAP and VPR resistance above us, so leaning more on my wave-count here than anything else. Wave-Count Confidence: Average
NASDAQ:IRENLong
by ThePennyMan
QS - Clearer Picture, $25 a shareThis pullback itself wasn't completely unexpected; the blood and steepness of this move was. But QS went sideways continuously retesting the previous significant VWAP formed from the last all-time high formed. IF: QS continues to make forward progress and partnerships on their solid-state battery, I suspect this third wave extension will end in the form of a Minor Fifth-Wave Extension, confluence between 1.618 extension shows $25 zone as a likely point to be hit. I currently have my stop losses set steeply at $7.50, and reason/my wave-count dictates I should move them up closer to the local low we just made ($10.60) but currently holding off on that just now. It is possible that my wave-count is incorrect, and we go lower but still form a higher low than $7.50 low. Wave-Count Confidence: Average
NYSE:QSLong
by ThePennyMan
1
My Ideal Elliott Wave Entry ModelThe IMSETT 3/C Entry Model. Every trader wants to catch the big moves the ones that pay quickly and decisively. In Elliott Wave, those moves often come during Wave 3. It's the strongest part of the trend, and when you're positioned early, the risk-to-reward is unmatched. But not every opportunity hands you a clean Wave 3 on a silver platter. Sometimes you’re looking at a Wave C instead. That’s where the 3/C Entry Model comes in. It’s designed to get you aligned with high-conviction moves—whether the market is in a trend or a zig zag. Here’s the edge: both Wave 3 and Wave C often start the same way—a strong, motive push off an AOI (area of interest), followed by a retracement. That shared structure gives us an anchor. Whether we’re labeling it a 3 or a C doesn’t change the fact that the initial impulse gives us clarity, direction, and a place to manage risk. That’s what the IMSETT Model is built around: Identify Motive Scout Entry Plan Track Trade Each step is focused, actionable, and repeatable. You're not trying to outguess the market—you’re reacting to structure, preparing for common behavior, and executing with intent. I do have a video with a walk through. This just the way I look for clarity in setups. As with everything in trading, nothing will work every time so do your own research this is not financial advice. Cheers! Trade Safe, Trade Clarity.
Education
by CryptoKnee
ZCash - Expanded Flat SetupYou hear that? The woes and cries of the bullish holders, the victory screeches of the bears? James Wynn basically cackling with laughter 'I told you all it's a manipulated pump it's going to $0' I'm a big fan of this setup here, seems very obvious imo, we might get one last local low to satisfy the micro-count I've got running. Other than that, I think we're about to tear straight to $940 - and that will be our significant top for this run. My confidence on this structure is EXTREMELY high. Utilizing some leverage even, if we get that newer low I will be adding even more size. Very excited to see how this plays out, Happy Holidays :)
COINBASE:ZECUSDLong
by ThePennyMan
UEC - Catching a Knife I've had UEC on my watchlist for some time and have been waiting to jump in on a meaningful pullback. I believe there was some micro-wave count that I can't seem to fully track for the midst of wave 3, but this isn't uncommon. There is a chance I'm entering long too early here, if this local low falls, I think it's very likely price will continue down to the next significant VWAP point which sits right at $9.76 level. Otherwise, based on NLR looking like it's bottomed as well as most of the rest of the speculative nuclear sector stocks, I'm hopping in this one with a stoploss at the local low. (Full disclosure I bought yesterday right when it was at $13.00 just didn't have time to fully chart expectations) Hoping for $17+ likely $20, but will I have the patience to hold such a thing for long? Wave-Count Confidence: Average
AMEX:UECLong
by ThePennyMan
2
OPEN - WXY Correctional finished, Heaven has arrivedDear god, I was very bullish and irresponsibly long after I saw where it opened last Friday being above the topping point of wave 1. Thus confirming a potential end of wave 4 and then, over the weekend it's like Trump was saying every bullish thing he could possibly say to undo the bearish onslaught of last week. '50 year mortgages are gonna be the greatest thing' '$2000 dividend checks from tarriffs for everyone' and to top it off, China undid their 2024 mineral export ban. Insane how things can go from being 'down so bad' to 'we're so back'. What a headache. Conservative price target is $11, but likely we rip into the mid-teens, seem familiar price action wise (NVTS reference with $10 psychological barrier and 20%+ short interest just like this) Therefore, I am not putting $14 out of the cards from here. Wave Count Confidence: Strong as a mofo
NASDAQ:OPENLong
by ThePennyMan
NVTS - Wave 4 - Final Move Up, ALL ABOARD Called the last move up, and I'll admit I do not have a solidly working micro-wave count to justify this being the end of wave 3, heck this could be in the midst of some wave extension, which means we would dip sub $9 and could make a full recoup, but based on the VWAP lines we have, I don't want to make that assumption. Looking for us to close above the significant VWAP formed from the local low we made before taking off. Want this to happen even though we're expecting the market to gap down tomorrow open. Price point of Invalidation, technically - $9.50, but I am setting my stoploss at $9.20. will be entering light and adding more heavily once we have that confirmed close above that VWAP line (Roughly above $11.20) Wave-Count Confidence: Average
NASDAQ:NVTSLong
by ThePennyMan
3
NNE - Fifth and Final Wave ApproachingWe've had some great trades on NNE, but in terms of bullishness, this will likely be the last long setup I take on it for a minute. It's a highly speculative company with a lot of private equity that got an entry at $28 a share, eventually a form 4 for those shares will be filed with the SEC and they'll be introduced for selling. Key point of Invalidation is $39.87 otherwise, this local lower low will likely be the last we see price under 50 before we hit $65+
NASDAQ:NNELong
by ThePennyMan
1
ZIM - Shipping's Time to ShinePurely based of EWT count, the title is just for namesake. This stock sure loves it's long-drawn out ZIG-ZAG correctionals. Basically, this is the last chart I have for this stock, if it is going to recoup and go bullish it's going to do so here. I wouldn't rule out a potential false wick down to $12.00 before proceeding up, but that would be extremely unlikely. This stock is definitely a value kind that tends to do better when the overall S&P is either chopping sideways and correcting, not a bad one to hold in your portfolio if you're worried of near-term downside. Wave-Count Confidence: Average
NYSE:ZIMLong
by ThePennyMan
1
PINS - Easy Read 35%+ Now, in the interest of transparency I am going to say that I plan on buying NYSE:PINS tomorrow on market open. I won't go heavy, but at least enough to where a 30-40% swing in price would make me feel comfy, if we see the proposed 'dip then rip' I will be adding heavily. Solid read overall, price structure is very easy to read here, which also worries me because when it's so clear like it is right now I've found myself getting taken for a ride. Don't have the overall count here, so I'm going to rate it average. Wave-Count Confidence: Average P.S. There is currently some VERY strange option activity going on in with this stock right now, on 10/13/25 some madman put 3.6 million in $35 calls that expire on 11/21. VERY unusual for this stock, likely someone knows something.
NYSE:PINSLong
by ThePennyMan
QS Update - ExtensionOverall count is still ongoing, made some minor corrections on what part of the impulse was in the midst of an extension. Price here is passing the HIGHEST VWAP resistance, this is INCREDIBLY significant, as once broken it shows that there's no VWAP resistance afterwards. In many scenarios price flies. I've got a few price targets here, I've been holding for a bit (you can see the link to my previous QS prediction) it seems price is in the midst a micro-third wave extension inside of another third wave extension. Extensions with extensions are not uncommon in elliot wave theory, especially when it comes to the third wave. No serious resistance till the $21 price level, will re-evaluate after we see this range. Seriously large upside is still in play here. Wave-Count Confidence: Average
NYSE:QSLong
by ThePennyMan
BLSH - Deep Dish Discount What a couple of days for crypto. Yesterday especially, this is a big reason I prefer stock markets and regulated liquidity. These guard rails exist for a reason, be careful out there and check on your friends. BLSH appears set to do a dip down here giving a fakeout of a breached wave 1 (wave 1 correctional was an expanded flat so wave 5 did ended where the white like is, not the yellow line. These are some of my favorite bottoms to find because it fools other Elliot Wave technicians who don't drill down into the smaller time frames. Of course if the $54.00 level is breached solidly, well then it may be time to pack it up and go home. I still have high plans for this stock though, expecting a full recoup to $120+ Wave-Count Confidence: STRONG/Above Average
NYSE:BLSHLong
by ThePennyMan
Nuclear - Steep Correction in the CardsI've been tracking NLR as a way to keep tabs on the nuclear industry as a whole, and for finding ideal entries/exits on various nuclear stocks I keep on my watchlist. While the exact topping point wasn't predictable, the evidence of us being near a local top was clear. With trump's announcement of new tarriff's it appears this may stall the steep incline nuclear as a whole has been making. I'll be eyeing stocks for good entries on this pullback, as it looks primed to continue upwards after this pullback. No trade here simply putting this for context.
AMEX:NLR
by ThePennyMan
2
NVTS - Melt Up $10+ (Squeeze Loading)NVTS was originally a SPAC and that preset price was $10 a share, this tends to have at the very least a short term impact on price, often treating it as a resistance/support zone. NVTS has a short interest of 26% Every analyst out there is saying even if the NVIDIA deal comes to fruition, the true value of this stock is near $8/Share. I'm here to tell you, that means absolutely nothing. OKLO just broke ground on their first nuclear reactor and their valuation is SKY HIGH. Big things are being potentially priced into NVTS, more semi-conductor deals with other big tech names, and with a short interest as high as 26%, price can move rapidly to the upside, we've recently passed the highest most significant VWAP, created from the price high at $15. Simply put, after we solidly cross $10, expect $15 shortly. I was scared out of this trade earlier, which is why I'm linking this 3-day chart. It shows the picture much more clearly, when in doubt, zoom out. Highly confident this will play out. Not placing a wave-count rating as this is more of a structure/volume analysis play, wave-count is just to help us track on what stage we're at in the trend. Hint: Wave 3 is next, and wave 3 is typically the most powerful. Wave 3 extension price shows topout around $16-$17 a share. Thanks for reading, feel free to give a follow and share your thoughts!
NASDAQ:NVTSLong
by ThePennyMan
2
PUMP - Expanded Flat - Near Invalidation LevelLooks like NYSE:PUMP has also finished an oddly structured 5-wave down for an expanded flat finish, coincidentally the 1.618 extension falls JUST above the line of invalidation for wave 1, makes for compelling evidence this could serve as a likely local low. Wave-Count Confidence: Strong/Above Average Will add on a note here that has the overall contextual count for PUMP, but all time highs are in the cards and this would be a remarkable entry, especially for you high leveraged son's of guns.
Long
by ThePennyMan
ZEC - Simple Flat Finished, $180+ NextZEC has likely bottomed out here, lower local time frames (1 hour) show an easily identifiable simple flat pattern that's likely just finished out. I cannot long this at the moment as I do not have my trading computer w me, but this is an easy send, may even break $200 from here. Because this is just a local count and is lacking the broader longer-term count, I can only give this Wave-Count Confidence: Average Likely you can set a SL at the low we just made with sizeable leverage (not a good idea tho) @ $142 Lower time-frame wave-count for context:
Long
by ThePennyMan
ASTER - Abnormal Correctional - Special CircumstancesWhen Elliot Wave Theory was first conceived, and even added upon in more modern versions, they didn't envision a 24 hour market. In fact, they have special exceptions specifically for markets where leverage is rampant and different time zones lead to differences in liquidity (Forex for example). Though ASTER is highly liquid, it also ahs been welcomed with open arms to many leverage markets, this wave-count is also being on on the Perpetuals chart vs the spot chart, personal choice. I feel the exact count may be off (May be a complex WXY + more) but the end result is the same, we've bottomed/near bottomed and will slowly consolidate higher. Wave-Count Confidence: Weak/Below Average
Long
by ThePennyMan
1