Hoosier812

Hoosier812

ABCDE Triangle still in Play: Leg D touching TL Resistance @ 9700 Leg E - Target: 9200 In EW: Leg E often retraces 50% between TL Resistance and Support FIB Ratio: 0.50 = 9200 9200 has liquidity and acted as support 3 times during May on runs to 9800-10000 Breakout from Triangle = Target 10500 Resistance (FEB 2020) Invalidation = Loss of 8800 ==> loss of ABCDE...

Hoosier812

Bounce from 8600 supports ABCDE Triangle Consolidation Leg D: 8800 to 9700 Leg E: 9700 to 9200 (50% retrace) Breakout: 9200 to 10500 Resistance

Hoosier812

1. Range Bound 8600 to 9800 2. 3rd Test of 8600 Support held since April 29 3. TL Support from MAR 15 Bottom 3. BULL DIV on 1H, 4H, 12H 4. Funding Negative 5. Liquidity above 6. ABCDE Triangle not yet invalidated - Possible Consolidation Correction

Hoosier812

BTC - Consolidation in ABCDE Triangle May 2 - May 22+ Leg C - Bottom 8800 Led D - Target 9600 S/R Level Leg E - Typically 50% retracement from trendline resistance to support Target: 9250 ABCDE Triangle = Wave 4 Consolidation of a larger 5 wave impulse Breakout of Triangle = BTC run to 11k + Trade: Rejection of 9600 Bounce off 9200 Entry: 9200-9300 SL:...

Hoosier812

5 Wave Impulse from 9200-9900 Broken. Retrace from 9900 high is ABC Correction. Leg A = 9900 to 9600 S/R Level @ 9750 flipped back to Resistance Optional SHORT: Back test of SR @9750, SL 9850, Target 9400 Support @ 9200 provided previous two runs to 9900 highs Liquidity (VPVR) ***If 10k Resistance breaks then 10500 is next. Watch for signs of reversal at 9800,...

Hoosier812

Dump confirms completion of Wave 5 of Bull Impulse from 6600 to 10k If ABC Correction is a Zig Zag it should retrace 0.618 to 0.72 FIB (log) of the entire 5 wave impulse Target: 7200 Yearly Open: 7163

Hoosier812

May 4th: Bounce off 8600 Support ==> "Leg C" of ABCDE Triangle more likely ABC Zig Zag correction would retrace to 8000-8200 (1.618 FIB) during a Wave 4 ABC Correction Break series of Lower Highs to confirm "Leg D" of ABCDE Triangle Target: 9000 Leg D: 9000 to 8600 Leg E: 8600 to Local High @ 9500

Hoosier812

Bullish Scenario: Bullish Correction Horizontal ABCDE or descending ABC Zig Zag #1 8600 = leg C of ABCDE triangle #2 8000-8200 = leg C of ABC Zig Zag Bearish Scenario: Bearish Impulse #3: 7800 = Wave C of Bull Scenario = Wave 3 of Bear Scenario 2 Scenarios for Short: 1 Scenario for Long: SHORT - Tight SL

Hoosier812

4H Bounce of 8600 Support may confirm "leg D of an ABCDE Horizontal Triangle Lower High below 9100 would confirm beginning of "leg E" ABCDE Triangle ends May 7th Losing 8600 confirms "leg C" of a deeper ABC Zig Zag correction

Hoosier812

Bullish or Bearish...BTC must retrace before beginning its next Wave Cycle BULL: 12345 Impulse (6800+), Wave 3 end @ 9500 Wave 4 = ABC Zig Zag Correction "B" end @ 9000 "C" Target @ 8200-8400 Wave 5 = 8200 to >9500 (10500 Target) BEAR: 12345 Impulse has ENDED at 9500. Wave 5 ends @ 9500 NEW 12345 Bearish Impulse Wave 1 = "A" of Bull ABC Correction as...

Hoosier812

BULL Scenario: 2900 = Begin "C" in ABC Correction of 12345 Bull impulse from 2017-2020 Bull Run Target: 1800-2200 Expanded or Irregular Flat Correction BEAR Scenario: 2900 = Begin "Wave 3" in 12345 Bearish Impulse Target: .618 FIB <= 1800

Hoosier812

SPX is completing Bear Market Rally TD Sequential "9" printed: Last occurrence of Red 9 was at 3300 ATH right before drop in late Feb Retraced to 0.618 FIB (Log) at 2850 from local bottom at 2100 Elliot Wave: Wave 1: 3300 to 2100 (record SPX drop in late Feb/ early MAR) - COVID-19 scare Wave 2: 2100 to 2900 - Bear Market Rally on Fed Stimulus + Flatten Curve Wave...

Hoosier812

TD 9 Sequential shows "7" on APRIL 15th Therefore...possible: 8 on April 16th 9 on April 17th SP500 will DUMP on week of 4/20

Hoosier812

15 FEB to 16 MAR = 12345 Impulse wave BEAR 16 MAR to 09 APR (current) = ABC corrective wave BULL A leg: 2100 to 2600 B leg: 2600 to 2400 C leg: 2400 to 2900 +/- 100 #ExitPump!

Hoosier812

SP500 Wave 1: 3400 to 2100 Wave 2: 2100 to 2900 +/- 100 Wave 3: 2900 to 1300 Wave 4: 1300 to 1900 Wave 5: 1900 to 700 or below Current Bear Market Rally from 16 MAR to 09 APR (current) = Wave #2 of 12345 BEARISH IMPULSE #EXIT PUMP!

Hoosier812

Descending Trendline from Local Top of 14k in June 2019 Per Chart: BTC made several touches of Support & Resistance Breakout in JAN 2020: 8k to 10k BTC Re-Tested Trendline as Support in early March 2020: FAILED Wait for breakout and Test of trendline as support OR Rejection of trendline

Hoosier812

Left Shoulder: JAnuary Head: February Right Shoulder: March Target of Right Shoulder completion = 7500 +/- 300

Hoosier812

FEB 26- MAR 01: S/R @ 8500 to 8800 LONG: Entry 8450, SL 8400, Target 8750