So far all my prediction for the bearish count of this market got invalidated. today the market closed just above the invalidation level of the bearish model so the impulsive wave is gonna unfold probably completely. the target will be the invalidation level for the big triangle we are watching. if that level gets broken then there wont be any bearish model. All...
I am expecting the market to go up slowly before the crash
This the monthly chart and I am gonna go to the details in the comments. Firstly the monthly wave analysis suggest that the golden times for BA is going to come we have 3 unfolded impulsive wave that if they unfold the price will go to sky in years ahead. Regarding the current drop there are thing I need to mention before you rush to buy: 1- It should not break...
I am expecting more correction before we go to wave 3 wait until the correction is over
I think the wave 3 is over and we will have the pullback for wave 4
The prediction went right and the triangle d wave got broken. I am expecting a short reversal and then another crash. I will keep you update here
The market close on Friday with a big uncertainty. we observed a smearing move up. I still don't know if it is an impulsive wave or a corrective because the waves have not unfold completely. I think it is gonna be an impulsive wave as the characteristic shows. in that case we will have a WXYXZ correction and probably this will be the last correction. we should...
It seems we are having a triage in the weekly chart not sure if the wave E is over or not but I am so bullish and the pin bar might suggest that we have finished wave E this is also the 5 min chart which shows the wave count in details I will keep you update in real-time under this post
Guy, We are still in the down trend wave count You should not consider buying until the triangle is invalidated It will be a big risk to buy before the invalidation of the bearish count. I have shown the invalidation level
I would like to know your opinion about this count! I think this is what is gonna happen My prediction is manly based on RSI and Bearish Elliot wave count
Hi all I am still so bearish on amazon in short term but it long term I believe it can climb all the to the 4666$ level my predication is based on Elliotwave, fibo ratios and reverse RSI method Do NOT buy it now and wait for the pullback
Everything seems to be going as planned and predicted. the triangle is broken and we are in wave 5. I personally don't think it can break the 12.5k level for couple of reasons 1- it is a fibo level 2- it is a resitance level From the RSI and detrended price oscillator ( DPO ) point of view we are close to an important resistance level: I might not short it but...
Many people asked me what will happen if the invalidation level gets broken! 3 thing might happen next week: 1- the invalidation level never gets hit and we will have a crazy down trend (left chart) 2- the invalidation level will get broken. In that case we will assume that wave 3 is extended and you can see the scenario in the right chart. the price will go up...
I am not a indicator trader and I never use them in Forex or any other big market but to be honest for penny markets indicators work better than Elliot wave. I usually use basic Elliot concept + Indicators to trade penny. This one shows some good volume and also the price close above the T-Line( 8ema) and 50 day sma Keep it going as long you see a sell signal...
We are getting close to an important resistant point: 1- it confirms with Fibo ratios 2- we have the downtrend invalidation level 3- it confirms with reverse RSI method I think the market will reverse after getting close to the invalidation area if the invalidation gets hit, I will change the analysis For now I consider a bearish count
this is the last bearish model we can consider for now. if It fails I will stay away from the market because RSI shows a divergence in daily chart and I dont like to buy a diverged market.
I published this idea a week ago and it seems that the wave 5 should probably end near the same predicted price target and then reverse
well it crashed earlier than what I expected The setup is clearly explained on the chart I will keep you update here if anything changes