ILuminosity

ILuminosity Updated 

-Multi-decade resistance trendline unbroken -Bearish divergence on the Wolfpack -"Overbought" on the RSI -Curling price action

ILuminosity Updated 

-Resistance trendline unbroken -Bearish divergence on the Wolfpack -"Overbought" on the RSI -Curling price action

ILuminosity

“Price is a creature of the market’s mood. In booms, it is set by the greediest buyer; in busts by the most fearful seller” – Benjamin Graham

ILuminosity

“Markets can stay irrational longer than you can stay solvent." - John Maynard Keynes

ILuminosity Updated 

Oversold! Horizontal & 1000 Month EMA support held. Active position @$30 SL: $28.2 Projected Exit: $60 - Easy 100%

ILuminosity

BTC price action and targets were correctly called. Elliot Wave Theory proved practical, and the 20K target was reached. TA from 7 months ago: Some Bulls are arguing this is the bottom. This post will explain why 10K is reachable: -Fundamentals: Inflation, rising interest rates, recession talks, geopolitical events including War, commodity...

ILuminosity

-Continuation Pattern - Wedge -Average drop: 84.25% -Crypto Adoption (CBDCs, etc.) -Diminishing Returns -Shorter Bear Markets -Accumulation Zone: $9-$11 <-- Bottom

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- Double three is a sideways combination of two corrective patterns. - Three types of corrections: zigzag, flat, and triangle. - Combine two corrective patterns = Double Three. - Wave B = 4333 - Final Zigzag Wave C = 123.6% of wave A = Wick right below, to 3553. - News outlets will be screaming recession; the bottom signal! - Estimated time of bottom: August -...

ILuminosity Updated 

Linear target: 44k Impulse target: 48k The stock market cycles are lengthening. Continued downside till EOM followed by a final melt-up rally that will bring the end of grand wave 5. ETA H2 '22 - H1 '23.

ILuminosity Updated 

H1 2023 Target Top: 6000, followed by the 2nd Great Recession. Top is confluent with our genesis trend-line (Great Depression & Great Recession tops)! Bear Market bottom around 2200 (COVID bottom / 200 Month estimated SMA).

ILuminosity Updated 

3950-4K micro-target followed by the melt-up rally. Linear top: 5325 Log top: (Separate post): 6000 Extension linear top: 6500 60-80% Bear Market follows; Target 1: 2150 Target 2: 1555 End of Bear Market: Q3/Q4 2024 due to QE5/6, aka Infinite easing. P.S. Disregard target 3 on the chart; Depression isn't expected this decade.

ILuminosity Updated 

This cycle PT is 4K. Bullish pennant and room on indicators to allow for such a run!

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Expanding triangle Target: 49.5 In Elliot-Wave theory, triangles have 5 sides and each side is usually subdivided into 3 waves. Analysis valid as long as the channel stays intact. Equities will micro-bottom mid-June before the commencement of the melt-up rally! Earlier analysis: 48.5/49.5 achievable with an extended market correction. Implied volatility...

ILuminosity

More downside till mid $5 range before the start of a new uptrend. Double bottom possible post squeeze or straight rip up!

ILuminosity Updated 

Log target: 48k The dotted red line is adjusted for inflation. The stock market cycles are lengthening. Continued downside till EOM followed by a final melt-up rally that will bring the end of grand wave 5. ETA: Q1 '23.

ILuminosity Updated 

12K (Wave 1 top) or 11K (200 Week EMA / 50 Month EMA ) micro-target followed by the melt-up rally. Linear local top: 19000 Extension top: 28000 (Extension includes 5 waves within final wave 5 of grand wave 5) *Bullish monthly engulfing candle closing above 19K means the log/extension targets are at play!* ETA: Q1-Q3 2023 80% Bear Market follows - Target: 5150

ILuminosity

MSFT is currently in grand wave 3/5! PT: ~$500 Lengthening cycles & diminishing returns! 2nd Great Recession - Corrective Grand Wave 4 - 60-80% correction Roaring 20s after - liquidity for final grand wave 5!

ILuminosity

More downside first to either support line. This move will cool down our indicators. Wave 5 melt-up follows! Bottoms: 2450/2050 followed by Top: 5000/6000! 60-80% bear market comes after!