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Nailed_it Updated 

Short update for those following along. We are closing in on circle wave ii support. As previously shown in the chart below: So, we have a five wave impulse into wave circle i with a three wave corrective moving dropping down in the the wave circle ii support. Can it go lower? Sure. Another low to test the longer term .382 retracement of wave 3 is not...

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First, lets take a look at the last update to see how well its playing out. Welp, it looks like a strong start to the next move higher to complete minor wave 5. Price just made a successful 5 wave move higher to complete a possible circle wave i after showing positive divergence on the daily MACD and holding the blue support box. Can AMD still go lower? ...

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MACD making higher lowers with price making lower lows. #WorthWatching #BottomNotConfirmed

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Not time to do a detailed write up. But I'll post my 4 hour green count for AMD to show the smaller degree wave count on the 4 hour chart, which is a follow up to my daily chart below. Lots of confluence around $70. It looks like we need one more low on what appears to be the ending diagonal of green wave v of wave (c) of wave 4. Sure, it could truncate...

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Lots of support between $67 and $70. Nice looking divergence on the daily MACD. Weekly MACD is trying to turn up. Monthly MACD is still pointing down. #LongAMD #BottomNotConfirmed #NotAdvice #WavePrinciple

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Not a lot of time to do a complete analysis. But I figured I'd point out BTC is at major support for a minute degree 4th wave, which I pointed out long ago (January 9, 2022) with the Tale of Two Counts weekly chart. Momentum on the MACD is still pointing down on the larger times frames (monthly and weekly) without any signs of turning up. On the daily,...

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I'll post my updated daily BTC chart. The Analysis and chart from my prior post has changed very little since January 26 2022 (see below). Momentum is still down. Micro 4 of green count has resistance at 32k. Lower lows are still looking very likely. Red count is clearly the most bearish case. The yellow count is still the least likely of the three...

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Fine. I'll share the ES 30 Minute count so everyone can see the support for price in microland. Again, no detailed analysis of the wave count due to time restrictions. But you can check my other ES posts for context. Again, no confirmed bottom yet so BEWARE!!!! #BottomNotConfirmed #NotAdvice

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As a follow up to my other post about the oversold weekly MACD on ES, I'll publish 4 hour chart with bullish green wave count. No time to write detailed analysis. Almost completed 5 up off the low. Bottom not guaranteed. Price needs to complete 5 waves up and hold circle ii support before blast off to start wave circle iii. Figured I'd share a more zoomed in...

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Been busy! But I wanted to share what I'm seeing for those interested. No time to write up any wave count analysis of ES across the different time scales. In any event, it is worth pointing out the weekly MACD on ES is trying to turn up at or around the weekly oversold territory of the major market bottoms of the past 2 decades. Can it be a coincidence? ...

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Nothing has changed since the last update from January 26, 2022. If you haven't read it, you should. Same support and resistance.

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Looks like ES is having trouble at resistance. See my last ES chart post for an explanation. A lower low is still a very real possibility.

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Decent short opportunity. See my last updates for details about resistance.

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See the last update. Or don’t. But BTC is acting as expected to date

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Green count closing in on that micro 2. I’ve explained everything in my prior update. Nice short opportunity up to $44k. TIGHT STOPS!!!!! Red count still in play also. BTC could push a bit higher though. Overall, like like we will see $28k in the near term. Although price can push higher, all three counts tell a tale of a lower low in the horizon. ...

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Green is always the primary count until proven otherwise. Yellow assumes the minor wave 4 correction is nearly complete. The move off the low looks corrective at this point so we may have another immediately near term lower low. But both counts are projecting a near term bounce/rally higher. Resistance is green fibs. #NotProjectingTime

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See my last update. Still waiting for BTC to show its hand.

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Bitcoin's downward momentum is undeniable at this point. All three counts are pointing down for at least one more low to $28k before the BTC correction is over. However, the probabilities favor the green and red counts for reasons explained in more detail below. First and foremost, the smaller degree yellow (iv) on my last chart invalidated the potential for...