KondrackiKarl

KondrackiKarl

Could Barrick Gold make a multi year Leading Diagonal? Could we see $37 in Sept 2021 hitting the 161.8% extension of wave 1? Then to retrace 38.2% by March 2024 to $24 before finishing the leading diagonal at $55 in March 2026 Could the leading diagonal end at the previous ATH back in 2011? Such a long term estimate is difficult but I would like to come back to...

KondrackiKarl Updated 

This is my current views and estimate of the current Bitcoin movements. It seems to me that the move from Dec 16th to Jan 20th has made a Leading Diagonal as a wave 1. Currently we seem to be losing short term momentum and am thinking we will make wave 2 of wave 3 in a cycle. Wave counts were made using Fibonacci retracement and extension tools but are rough estimates.

KondrackiKarl Updated 

Looking at the SPY, I have tried to identify wave patterns. My current view is that we are finishing up wave 3 near the 2.618% extension of wave 1 at around ~$365 Wave 3 looks to be extended with 5 sub divided waves which also contains an extended sub third wave. Wave 4 corrective target is set to $250 at the 23.6% retracement of wave 3. This would have the wave 4...

KondrackiKarl Updated 

Current Estimate We broke out of the descending channel Looks like we might finishing a wave 1 Wave 2 might retest demand line and previous supply line

KondrackiKarl

SPWH looks to have broken resistance and is retesting as support Looks like a good time to add to a position. ADX showing moves are trending

KondrackiKarl Updated 

Looks like KHC has hit a potential bottom with a formed an inverse head and shoulder. Monthly PSAR flipped bullish. Targetting the 23.6% retracement which matches H&S measured move at just under $42

KondrackiKarl

SQM Looking like an interesting long. Lithium, battery and EV stocks have been getting a lot of attention lately. SQM has a nice % in ETF's like LIT. Hoping SQM breaks through 200 daily sma

KondrackiKarl Updated 

Gold has gained about 650% in 10 years from about $250 in 2001 to about $1920 in 2011. From there, Gold retraced 50% to just over $1000. The current recovery has seen over a 33% gain. Current estimate is that Gold will reach about $1740 by the end of 2020.

KondrackiKarl

USLV seems to have found support. Using Gann Fan and the 38.2% Fibonacci retracement I am targeting $340

KondrackiKarl

PLM seems to have found a potential bottom. Support was found at the 61.8% retracement and the 8/1 Gann Fan

KondrackiKarl Updated 

Looks like Bitcoin is preparing to make its final drop to $5400 which is the 78.6% retracement from $3k to $14000 setting up a nice launch pad to send us to new all time highs! We could break through the channel with force or maybe see slight resistance dragging us along $5500ish but as soon as we break the channel after bouncing from $5400 we will see the new...

KondrackiKarl Updated 

Current Estimate Thinking this is it before the final move to ~$5400

KondrackiKarl Updated 

Looks like EWZ is about to make a strong move. Lots of bullish momentum could push the price through. Not expecting a new impulse leg up Break below 20ema and psar invalidates idea

KondrackiKarl Updated 

Looks to me like a cup and handle on the hourly chart of Bitcoin

KondrackiKarl Updated 

Current Estimate Still sure we are in a Triple Three combination WXYXZ Currently in the B wave of the Z. Looks like the A and B waves of an ABC are finishing C target looks to be ~$8600-8750 FIb confluence zone meeting with Channel top around $8600

KondrackiKarl Updated 

Estimating we are in a Triangle before the final leg down to finish the correction

KondrackiKarl Updated 

Estimating we are in a Triangle before the final leg down to finish the correction

KondrackiKarl Updated 

The rejection from $9400 has shown a continuation to the bearish trend . The 42% move had many thinking the correction has ended when it was only an X leg of a Triple Combination WXYXZ 3-3-3-3-3 pattern (7 points) Potential target of $5500 in Feb 2020 using Log scale