According to Ralph Nelson Elliott's "Elliott Wave Theory" a market cycle has a Motion Wave (5 impulse waves up) followed by the correction ( ABC wave). According to this count BTC had its 5 impulse waves and is going for the correction phase now, what would mean 20K is the all time high. We could see a B wave up from here but to reach new all time highs we would...
Here is an interesting analysis of the yearly picture on the SP500. Contrary to shorter timeframes, where the weekly and monthly show that we could have quite a stockmarket correction this year, the yearly picture looks much more bullish.
If we look at the past very long bullmarkets, we can see that there is a strong fractal similarity of the phase 2000-2008 and...
Here's my modest attempt to identify S&P 500 Supercycles.
The chart shows the S&P 500 (monthly bars) since 1872 on a log scale.
Maybe it is not as bad as they say, and we are currently "just" in the Supercycle Wave 2.
Before us would be the longest Wave 3. Hopefully that's true. I can dream, can't I? ;-)
Drawing a line from the 1929 top through the 2000 top, the two great bubbles of the last 100 years is surprisingly consistent with the lower line when viewed on a log scale, which is the only scale that makes sense for long-term charts. It is then not hard to find events which caused the market to touch the edges of the pitchfork.
The Cycle Wave 5 top (and Supercycle Wave 1 top) was most probably on the week of the 14th of May 2018 (please reffer to related idea).
NYSE:VALE now seems to be on an Intermediate Wave C which is part of the Cycle Wave A down.
If this count is correct we should still expect Intermediate waves B and C.
Only after Cycle Wave C, the last part of Supercycle Wave 2,...
Analysis of the Bitcoin's Macro SuperCycle reveals familiar fractal patterns and our current position in the grand scheme of things. BTW, here's how some analysts come up with those crazy unrealistic price targets.
1. Note some fib relationships in SuperCycle Wave (1), apparently:
wave 3 (circle) = 50.618 (!) of wave 1 (circle) (green fibos);
wave (5) = 20.618...
IBM has a lot of understated, misunderstood, visionary initiatives under its belt starting last year. The name is no longer what it used to be, but IBM has pivoted before under Lou G. and it can definitely do so again if given time and proper execution. There is a small, but powerful minority that will always root for this stock and that will help propel it on any...
This analysis is strictly focused on Elliot wave theory and the current supercycle of the SAP500. From the way it appears on the charts, we are looking at the end of the 5th wave of the supercycle for the SAP500. By guidelines this could lead to a correction of between 40-50% over the course of the corrective wave pattern. As the chart attached shows we are...
FTSE 100 Inter - UKX - Inter-Generational Cycle High - Half-Way House
Nine years from high to low. Nine years from low to High on
FTSE in fact the secondary or final rally high set in week of
13.03 00 as Internet generation 1 peaked with Nasdaq and
techs' peak reached that week). Low reached March 9th 2009.
The next cycle date falls between Friday 2nd March...
ConocoPhillips should rise at least 45% by the end of 2019 from Friday's close. Can you beat 45% gain in 20 months? In the short-term the stock should zig-zag to this point. Stock will most likely:
drop toward 55.93
rise toward 70.07
drop toward 59.75
rise toward 87.00 to close out its Elliott Wave Grand Supercycle and achieve at least a double top.
Bitcoin is showing bearish divergence on several timeframes. The daily looks like a dead cat bounce due to the low volume, accompanied by high CMF divergence on 4h.
The 1.236 extension falls at 8426, which also is the present channel top. If and when the trendline is rejected, i expect a drop below 5k, breaking the parabolic support and completing cycle wave 3.
Eurnzd has been making a very nice supercycle structure and is almost finished and ready for a large long impulse to the upside.
Patience is key here, so watch it closely and don't forget about the bigger picture.
Daily MACD and RSI divergence with a 5 wave structure close to finishing
4 Hour MACD Divergence...