CathartesCapital

CathartesCapital

SHIB has just completed a pullback of exactly 69% and hit the 0.69 retrace of the entire move up. Looking like a good buy.

CathartesCapital Updated 

Gold looks like it just completed the correction it started in August 2020. I have this as a WXY correction with wave w being an abc, wave x being a wxy, and wave y being another abc. We hit 1.272 fib extension of wave a-b within the wave y, and we have divergence on lower time frames. We can also take a look at popular gold ETFs for confluence: IAU: Perfect...

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Natural gas , following the trend that many other commodities are going through, like Crude oil , and copper , has just finished a multiple decade long correction and is poised for a huge run in this decade. Many people will just ignore this push I have been making for these energy commodities as they are not trending on the news or social media. Notice that all...

CathartesCapital

STMX looks to have completed an ABC correction on 3H candles. Crypto market has taken a beating recently and a lot of retail has suddenly grown very bearish. I believe this is a good place to start stacking some long positions.

CathartesCapital

SPX500 just completed a textbook zigzag ABC correction, ending at the 1.272 extension with a 5-3-5 subdivision. We should see a nice green day tomorrow, Friday 18th of March, to finish off the week strong.

CathartesCapital Updated 

ETH looks to have completed a wave C of B and now is due for a Wave C down. Targets for the wave C are 1630 to 1570. We also have a very strong support at that range too which is more confluence for the count.

CathartesCapital Updated 

Looks like copper finally reached the top of the 5 wave impulse. We also saw an extended 5th subwave as the very last wave in the 5th wave which is typical in the commodity market. Also RSI didn't create a divergence but that is because of the extended 5th wave. We should see copper come down atleast 25-30% of it's value as a correction from the huge run it made...

CathartesCapital Updated 

AMZN looks like it could have just completed a WXY correction. A WXY correction is a 3 wave complex correction that is sideways by nature. A complex correction means that each leg of the correction can be broken down into a simple EW pattern. As we can see, our wave W is comprised of a zigzag abc correction, our wave X is a double zigzag correction, and our wave Y...

CathartesCapital Updated 

Looks like we are in a 4th wave for the bullish count on ETHUSDT. I'm expecting us to do a triangle correction and finish wave E around the 0.236 retrace of wave 3. If we make a new low past the A wave then expect either a WXY correction or the bearish count might be in play. Bearish count would be that instead of us having completed a 3rd wave up, it would be a C...

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LBSR has just completed an ABC correction and has recently done waves 1-2. I'm adding to my long position for this wave 3. The stock also looks great from a fundamental perspective. It just did a reverse stock split on Feb 25th in order to be tradable on global markets which is huge news. I already have been in for a while and this is one of my core investments,...

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I have been posting warnings about DXY recently and we have now confirmed that we are in a bear market for stocks/indices. Dollar value should go up and atleast do an WXY correction, although it is possible it does an impulse up. This count can also be confirmed by the chart for EURUSD which is inversely correlated.

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Here is my trade setup for crude oil . We are looking to enter short Entrance: 62.10 Stoploss: 63.8 Target Price: 54.5 Risk: 2.77% Profit: 12.22% RR: 4.4

CathartesCapital Updated 

I previously have been posting DXY showing it in a downtrend with a 3rd wave down coming soon. While this has been my primary count, there has always been the possibility of DXY actually being at the start of an uptrend. In now seems like DXY make actually be doing this alternate count. In order to invalidate the downwards trend we will need to see DXY break the...

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EURUSD is currently undergoing a WXY correction. As of right now I'm expecting that it does a double zigzag correction instead of a complex WXY. This means that price action should be pretty volatile and we should see a sharper drop. As you can also see from the chart we broke through a short term trend line and are right at a strong support level . If price were...

CathartesCapital Updated 

MSFT looks to be almost done with an ABC flat correction . As you can see from the count, I have us in a wave 5 of C with targets highlighted by the blue box.

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DXY looks to be in a wave 2 of wave 3 of wave 5 down which is bullish for stocks. But it has come up dangerously close to an invalidation level where wave 2 would come past the start of wave 1. If this happens then that means another count is more likely in play which is that DXY will continue going up. As we know, the stock market is typically inversely...

CathartesCapital Updated 

AAPL looks to be near the end of an abc correction for a wave 2. That means we should have a wave 3 starting soon with a target of $170. Earlier we completed a triangle correction for a wave 4, and have no completed waves 1-2 of wave 5.

CathartesCapital Updated 

I have 3 different counts for AMZN for the upcoming weeks. This first one, shown above, has us just completed a triangle correction which means we should go up from here. If you decide to try and trade this I would set stoploss to the bottom of wave C, where I set the red line. If wave e goes below this line, then the triangle count is invalidated. The next...