BelaK

BelaK Feb 17

The very oversold February 2 low (circled in orange) is bothersome to me - this low is super OS across the board and I don't believe price could / should go up without clearing this low with an RSI divergence. To add to this, the bounce since that Feb 2 low is forming an ABCDE triangle, which is a continuation pattern - this case would be to the downside. On a...

BelaK Jan 2

I am not happy that my previous post was right. Well, was sort of right, up to this point, but the stock has fallen out of bed this morning instead of bouncing on that 400-ish level I measured for the 1:1. Now it is in the 1.272 extension range and at this point my forecasted ABC corrective downward move is in danger territory. It is so oversold in multiple...

BelaK Dec 24, 2024

Hoping to stay sideways, the longer the better. So far the move appears to be a set of threes in a contracting manner, anticipating an ABCDE triangle and a continuation UP!

BelaK Dec 24, 2024

The last few days' strong rebound in the Nasdaq and SPX reads like a corrective move to me (B wave). Syncing up with this assumption, I think TSLA is also in a corrective bounce right now and another 14%-15%-ish leg down can be expected. I am reading this bounce as a running flat formation, hence the five wave move up from the local low - which is tricky and can...

BelaK Nov 14, 2024

I am happy to see that my favorite coin is showing stability after such a huge run. Having put in a set of three's so far, I am anticipating a symmetrical triangle and a move higher. Next target is ATH.

BelaK Nov 3, 2024

I admit the earnings reaction was a bit of a surprise to me, but I'm only writing this because I was in denial of the technical signs I clearly saw. The Oct 9 - Oct 23 leg down was in five waves, so I should've anticipated that upon the earnings, we will move down - the move up in the days prior to the earnings was in three and retraced to the 61.8 - 78.6%...

BelaK Oct 20, 2024

I am seeing a broadening ending diagonal for BTC, printing a very lengthy W4 currently. To finish the W4, I think another leg is necessary, just simply by analyzing this rather complex sideways move which we have seen for many months. The broadening ending diagonal should then take us up to around 290k. Good luck to us!

BelaK Oct 6, 2024

Expecting more erosion on the price for a new lower low before the next eruption, the sideways consolidation which many expected to be a continuation pattern is breaking to the downside. The tricky thing with symmetrical triangles is that depending on where you start the count, can yield the complete opposite outcome. I think that the first move down from the...

BelaK Apr 22, 2024

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

BelaK Apr 20, 2024

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 Apr 20, 2024

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 Apr 7, 2024

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 Feb 25, 2024

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 Feb 25, 2024

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 Feb 18, 2024

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 Feb 11, 2024

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 Feb 11, 2024

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 Jan 13, 2024

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?