BelaK

BelaK

TUP bounced nicely today - may be the start of another leg up to soar the stock 8x?

BelaK

Looking for a lower low - the bounce off the low so far doesn't seem impulsive and I also want a better add price :) I'm expecting this to happen in and around end of April.

BelaK

Been trying to resolve some of the short term ambiguities of crypto charts and SHIB seems to be giving a pretty nice read. I am expecting an across the board lower low in an around a week as marked on this chart.

BelaK

The crazy run up of NFLX has been an almost straight line - which always makes me suspicious. To my observation retracement-less runs are mostly corrective. A healthy impulsive move has significant retracements (ie. Wave 2 is normally 61.8% by the books). Also noteworthy that the May 9, 2022 low is extremely oversold and the stock bounced without RSI divergence....

BelaK

In line with my general expectation of a consolidation coming across the board until the end of Q2, Crocs may be building this giant Wave 4 triangle, finishing in and around June (?) looking into a 6x from the E wave low.

BelaK

A giant falling wedge has formed on this one, and I've fitted an (ending) diagonal on the chart. I'd say it still has a bit to go on the downside and the best strategy would be to wait til' the wedge is broken to the upside. I circled the overbought RSI peaks (associated with huge volumes) a reminder that we could see those taken out in the future.

BelaK

I am betting on this one to have bottomed. Also suggesting that this stocks likes leading diagonal patterns. Based on this two assumptions, I am seeing a new high coming in, well deserved after hell of a grind. For traditional TA enthusiasts, there is also an inverse H&S.

BelaK

A few months ago I posted a larger timeframe chart showing a big channel ETC has been maintaining. So far it seems that the price seem to have carved a bottom respecting this channel and I am trying to also make a count fit for this bottoming price action. I see June 18, 2022 as the low and since then a 1212 pattern may have formed. Expecting the C leg of the...

BelaK

The price of DOGE has been contracting in an ABCDE triangle. Now, it is very hard to count corrective structures, because based on Elliott Wave, correction can retrace the entire impulse move. The start of the triangle count is essential to get the direction right, so this is a speculation at this point. Either way, I am expecting a correction until April-May-ish...

BelaK

Can't stop seeing this megaphone pattern, at the lows mid 2024 may be worth throwing some money at it and see if it at all plays out. RIG had a similar megpahone pattern and it played out pretty nicely. LEt's see in a a few months?

BelaK

... it's only now coming to a 1:1 if my count is right. Of course I am in disbelief how high this has risen, not going to pretend. I may try some puts at the marked level, gonna reach that I think - nasdaq wants a new ath.

BelaK

Needed to overlay CLSK and MARA as the MARA corrective move down (observed in isolation) suggests a five waves move from the highs. However, the CLSK chart is a pretty clear ABC three wave move. Assuming the two charts correlate on the big picture.

BelaK

This huge grind started off super misleading as the move down was very choppy. The end of this choppy move marks to me a Wave A, which was followed by a converging sideways move Wave B with an upward overshoot. The waterfall move down is an assumed Wave C which should end in and around the 1:1. Volume is peaking for the second time just like on the move up before...

BelaK

The move down from Aug - Oct is iffy, it's come down in five semi-equal legs but I can't see it as a WXYXZ pattern. I am inclined to think that (in this overheated market) this was a three waves down and now we are finishing a three wave running flat as B wave. To finish this larger ABC off, now will come a three-ish month leg down for EOY tax loss harvesting.

BelaK

... the most readable EW pattern. I love this stock, has never let me down, and hopefully this will stay the same. Similarly to CLSK what I just posted a few mins ago, I see another corrective leg down before the big move. Expecting at least 1:1 and even that is a crazy move. Let's go!

BelaK

A few different ways looking at the chart, I see the same conclusion, that after a small rally to catch up with the price action of BTC, CLSK will get one more leg down before the big move up (Wave 3). The current bounce is quite wishy washy and there's also a H&S for the sake of classic TA fans.

BelaK

... to get out of garbage stocks. Note to self not to miss this chance. In retrospect many small cap stocks performed a three wave corrective move from the covid lows - and that is the reason why myself (as many others I suppose) got stuck bagholding shit stocks for years, expecting a five wave move up. But the 4-5 wave never came and instead a 3 year grind has...

BelaK

No idea what fundamental would fly cannabis to previous highs, but I can see one technical scenario where that happens. May be worth adding end of December / early January. I am expecting a bit more correction on lower timeframe but not a new low.