EW labels as charted suggest an ABC is unfolding in a Zig-Zag corrective structure: The 5-3-5 pattern is emerging, with the C wave 5-impulse remaining to fill; Bear market rally 'B' wave has taken form of a WXYXZ 3-3-3 minute wave pattern, 3 counter waves each in turn consisting of 3 minute waves (minute labels omitted for clarity); the double topping ending...
When it heads up to the top of a channel like that in a big swoop then stalls out the most logical thing in a bear market is to expect a bart. People are getting all frothy about it shooting to the moon from here but I am not buying it. I am not actively shorting it yet but I am lightening up a little on the long term long positions I accumulated at lower prices...
Tie-in to my EW combo wave idea for DJI. Indexes could move a bit higher off this shallow pullback on 4/13, to the 0.618 Fibo at 2937, as we saw at the 0.382 level; or rollover straight from here. A = 360 pips = C... ominous IMO. The secondary selloff could terminate at or near first selloff bottom ~2190; or dig a little deeper, or form a higher low, but it is...
Chart says most all. Expect lower low around 17K in late May or early June. In 2008 and again in the two zig-zags of 2018, we saw the Elliott complex wave WXYXZ recur. W is pretty clearly carved out, lol. X1 is nearly completed, or at completion. Short entry for Y. Y has been a higher low, followed by a lower high at X2, giving the 'hunchbacked M' pattern which...
There.... That is the way to properly label the 7 swing.... I would have liked to have seen my TDI spike on the wxyxz leg, so it is possible that pattern extends past trend line and becomes just WXY, either way drops. If DXY continues down, it's already on the way. I think it is.
By my analysis, the prices could stop the motion now or at 111 maximum, we are located at 2nd wave which his character is bearish and could make you give up your position, patients is the name of the game, don't be panic guys, we are just experiencing a tough time just before the euphoria... here at this analysis I presenting the Rationale behind my words. IF YOU...
Using measured moves to find the WXYXZ waves it looks like the final z wave might have already been found, or at least if it hasn't then the low would be around 5750. This is in contrast to the previous chart I posted which summarized philakone's chart. In it he found the projection for the bottom of the z wave using internal elliot wave counts and found the the...
This is based on philakone's chart from the 24th. It's complicated but the basic idea is the region from 8400 to 9250 is likely to be toppy and there is still another major bear leg in the works that could take btc to below $5k before the bull market is official This is because according to philakone we're in a large wxyxz pattern and are still looking for the...
Looks like Bitcoin is preparing to make its final drop to $5400 which is the 78.6% retracement from $3k to $14000 setting up a nice launch pad to send us to new all time highs! We could break through the channel with force or maybe see slight resistance dragging us along $5500ish but as soon as we break the channel after bouncing from $5400 we will see the new...
Current Estimate Thinking this is it before the final move to ~$5400
I think 5500-6000 is a good entry point for long term. Short term: Bullish Medium term: Bearish Long term: Bullish
a break forceful break above 1.2999 invalidates the set-up.
Current Estimate Still sure we are in a Triple Three combination WXYXZ Currently in the B wave of the Z. Looks like the A and B waves of an ABC are finishing C target looks to be ~$8600-8750 FIb confluence zone meeting with Channel top around $8600
Estimating we are in a Triangle before the final leg down to finish the correction
Estimating we are in a Triangle before the final leg down to finish the correction
The rejection from $9400 has shown a continuation to the bearish trend . The 42% move had many thinking the correction has ended when it was only an X leg of a Triple Combination WXYXZ 3-3-3-3-3 pattern (7 points) Potential target of $5500 in Feb 2020 using Log scale
The rejection from $9400 has shown a continuation to the bearish trend. The 42% move had many thinking the correction has ended when it was only an X leg of a Triple combination WXYXZ Potential target of $5500 in Feb 2020 using Log scale
Is the China Narrative Running out of Steam? In our last update, we covered the rapidly developing China narrative as that country’s president, Xi Jinping, favorably spoke about blockchain. Since then, the market appears to have cooled . Jinping’s statements, which made clear that China is bullish on blockchain technology, didn’t mention any projects by...