We are in a double or in a triple & I am still learning guys, so if i make a mistake here
or there i would be very thankful if you point it out for me
---Combination corrections are also viewed as
complicated and complex, but there is really no
need to overthink it. Combination corrections in
simple terms: 2 or 3 corrective patterns joined...
not sure where X completes within X^2.. the Y wave is too complex for me.. i dont think its completing 5-5-3 from the march 2020 lows. would like to see others counts from march lows. we approaching a top but where is it likely to occur..? i don't see much in terms of fibonacci confluence.
please share thoughts particularly if you use elliot wave and can give feedback. room to run within macro channel but other factors considered i think it completes wxyxz and macro X within 10 days.
We have had a complex WXYXZ correction on TSLA since January 8th and I believe may have completed its course finally with a ABCDE Triangle Correction in extended trading on January 20th. In this 15M view I map out each of the correction waves. WY and Z are counter impulse. X and X track with the impulse. Wave 4 correction should be .318 to .5 of the timeframe of...
Chart says all. Had one of these in 2019. Bulled like crazy afterwards. These waves are brutal trade killers, terrific whipsaw.
If this plays out same way as last year, the wriggly worm will slip off the hook at 'Z' and the fish will jump after it...!
Short until pivot near 3300 - 3360, then all in long, target 3750 - 3830, based on measured move +560...
Thanks for supporting us
We expect because of triangle we have more falling price
But dont forget stop loss you can use our SL but Its better that you put your SL with your own capital management
Be patient to take profit
Y wave went 0.618 to the tick.. w/ the hidden bullish divergence im leaning more bullish combined with the fact we didn't go 90%+ to meet the strong guideline for an X wave which would likely make this an expanded flat to complete 4 of the impulse that began in 2009.
still holding my $SNAP puts waiting to see how Monday plays out.
I have looked at NCAD every way I can and I don't see any other alternative than a triple combo like that. It's a nice buy for a while, but when it hits the 200MA on weekly, it should become an even better long term sell to at least double bottom back at the .80000 level, but can extend further. The structure should take it to break trend line.
Chart says all. This recovery in bear market will be longer and more volatile by far than the 2018 minicrash V-recovery.
Historically, most bears follow a WXYXZ path, with second X weaker than first, a lower high. The Z leg might be at or slightly above the 23 March low; a 5th wave extension could push it down to 1.272 x wave 1, to carry index around 1770. The...