ARC looks very appetizing to me. I am not 100% sure about my wave count, but I think we are about to experience a good Motive Wave (5) all the way to even 410. There is a trendline from around 16 Oct '17 that the stock could break.
We can not miss out on this one.
Looking into local markets, the Capitec stock looks like it is trying to complete a 5 Wave cycle inside this mess in which its been stuck. Going long as soon as the JSE trading session starts at in about 4 hours.
The Dax ended its Motive Wave rally in an ending diagonal. Its breakout from the ending diagonal -M.W. (5) - confirms the correction. We could experience a small drop and up to form Corrective Wave B before going to complete Corrective Wave C. I will take another short at B. Targets can be at the end of Wave (4) and account protection orders above M.W....
I'm expecting Crude to continue this drop to Correction Wave C. I took a short at CMP and placed an sell at around 61.8% Correction Wave A from swing high 43.75.
Please feel free to comment with your view. I shall try to respond.
Be careful out there.
SSW has been on an uptrend since March 19th 2020 completing a beautiful Elliot Wave pattern. Recent price action shows signs of a correction of the uptrend. I shall be looking for shorting opportunities here. For now...it's nap time.
Beautiful textbook AB=CD forming on the CPI chart. I forgot to share this one before today's JSE trading session. It still looks good. Can still catch it. Let us look for pullbacks so that we add onto the position tomorrow.
The E.Wave could look something like this.
If this General Motors Co. stock breaks to form correction wave A, we should position ourselves at correction wave B targeting correction wave C. Let's see how it plays out.
Looking to buy this when market opens. Will look for an entry signal before setting the dogs on it first, though.
A second scenario(will post shortly) exist in which we have an Elliot Wave whose impulse wave 5 has achieved 0.618, broke through and came back below it. If the first scenario fails, we'll catch the correction at correction wave B.
I lost the Elliott Wave forecast I shared last. My mistake was placing my SL too close to the low.
Now, we have:
- the same broken TL
- a Double Bottom.
I've taken the long already.
All the best with this long.
So, I'm having ice-cream with my siblings and decided that let me give this entry for the swing to someone who might not understand my previous chart. I know that I placed targets here, but please, when market opens, place TP(around 1.7700) to keep you in the trade until the structure in my previous post on this pair has been completed.
Good luck and happy trading!
We have a double top on monthly TF. This baby seems to be making way for the bears. Looking to a 100% correction ABC of the impulse Elliott Waves 1-5.
Entries should be found on H4 or on H1. Use good money management.
We just completed a right shoulder with a bearish flag. Price currently at 61.8% fib and point E of the bearish flag. The long wick shows us rejection of higher prices. We need to hold a very long time here. The risk requires healthy portfolios.
Let's see how we perform. Patience will be the key to success.