Nasdaq fell this week as it has potentially completed the final wave of a bullish Elliott wave.
And as mentioned in our previous forecast, this is also a repetition of a combined ABC corrective and impulsive pattern started from September 2020.
If this repetition were to yield the same result, we will be expecting a major pullback in the coming week.
Every new low comes with a rebound over 200 pips.
That's the repetition I see and the same thing seems to be happening again.
The only question is: Will the price continues to go up right away OR will it retest the bottom?
It's simple! Don't trade in the middle. Sell if it reaches the top and buy if it retests the bottom.
But if I were to make a guess, I think it...
I've been quite passive for the past few days and it's weekend again. In my last few posts, I kept shorting Bitcoin and I strongly admit that I wrong. However, I can say that it seems like I'm a God when it comes to timing.
Here's a little story for my few followers.
On the 12th of November last year, I told my colleagues and friends within the...
Hey guys, it’s time to look at a stock that has been collapsing and will keep in free fall for a long while.
TESLA. I’m sad for this car manufacturer but it’s happening and nothing can stop it.
The reasons why Tesla’s stock is falling and the company is in major danger is this.
Beyond technical analysis;
1- Completely burned through close to 10 billion...
I have marked roughly were I believe today's market is in relation to the 'Great Financial Crisis of 2008'.
Each chart depicts:
A blue star for a top in the market
Followed by a low - marked with the number 1
Followed by the final market top - marked with the number 2
Followed by the first bottom of declines - marked with the number 3
And today's current...
What you think about this scenario?
It is not a real technical analysis, but just a pattern recognition.
Remarkable is the after a correction like this, a bull-run did develop.
And besides this.. what if the last big correction is a run-up for large scale FOMO?