Kovinko

Kovinko

Which forecast is more likely from the 30 min graph, if any? A-1, A-2 or A-3? From the context of relationship to Elliott Wave Theory and long-term prediction of expanding triangle correction (day chart), the rally seems to be an assignment to X-wave (red marking in the 1D graph) of double, maybe triple wave correction or as part of B-wave (green marking in the 1D...

Kovinko Updated 

Dear friends, The bag of market forecasting has torn and in given the situation, there is nothing to be surprised about it. At least, in the next half of the year, the Covid-19 again shuffles and deals cards and it's up to us as well as with bad cards we can play a good round. I am deliberately talking about round because blackjack is still not yet over (Are you...

Kovinko

Hi, 2 days ago I published this idea based on Elliott Wave Theory. After some feedbacks, remarks and comments about the weird-long correction of the 4th wave in PRIMARY degree (green line), the recounting has been carried out, which is also shared in the previous idea. After that one can conclude that we are already in the deep correction phase because, in my...

Kovinko Updated 

In my humble opinion, 2nd wave of Covid19 compress the time to folds the final 5th wave into 89 bars (top-to-top distance very close correspond to Fibonacci numbers) and stops slightly above 360$ per share. In other words, I don't expect the shorting market crawls up to the price when IV wave end, on the contrary, I expect direct movement at new ATH (truncation or...

Kovinko

I am not familiar with the Elliot Wave Theory, but I observe this 5-waves impulse pattern. These 5-waves can be subdivided into additional 5-3 fractal patterns with some connivance. In the last two days, the increasing of trading volume and William's VIX indicator was observed together with bullish momentum weakening. If RSI bearish divergence is also taken into...

Kovinko Updated 

Is the right time for a short position? Can we expect a bearish market predicted by bearish butterfly pattern and fear from the 2nd wave of Covid-19?