Nick_Voise

Nick_Voise Updated 

Price action after previous high looks to be corrective. I’m waiting on a 3 wave correction down to the 50-618 box before planning any longs. Lower channel boundary line acts as support also. Should see signs of a major reversal around yellow resistance line/764-854 box.

Nick_Voise

(x) of our wxy looks to be completed as a running flat. I don’t believe we will have another wave down so going with that assumption I will look to enter swing longs on retrace of this move up with targets at 1:1 of wave (w) and stop at low. Now this move up doesn’t look very impulsive but neither does the beginning of (w) so that’s why I’m taking this move up...

Nick_Voise

Couple different ways I see this playing out. What looks for certain is we had a 5 waves more up which should be followed by another 5 wave move up. Not sure if we are getting a 1,2,1,2 count or a leading diagonal of a smaller degree or a contracting triangle (Triangle lines are a rough guess). Hypos are color coded.

Nick_Voise

Not much to say here. Descending triangle is bearish.

Nick_Voise

This is on the 8H time frame. We have a bollinger band squeeze close to the Keltner bands with momentum picking up with a green bar which indicates the direction of the energy release. The Wavetrend indicator looks good too with the line above the dots. Price also using top of cloud as support which is a good sign. Lets see where this thing goes.

Nick_Voise

MTL looks good here. Starting a new MACD cycle on the daily chart. On the 4H chart there is a MA cross and T.k. cross under the cloud but the price will make its way to the other side and hopefully maintain price above cloud. This is a long trade, weeks to months for best results.

Nick_Voise

From what I've seen from looking at charts, a MA cross over above the cloud combined with a TK cross looks very bulish. This looks like a good place to buy. This trade will require patients because it could be a few weeks to a month hold. I will be updating occasionally to follow up to how the trade turns out. I do not have targets, I just hold t'ill I see the end...

Nick_Voise Updated 

We will see either consolidation on the handle and a rally to Tine 2. Or a retrace to Tine 1 which is also a support zone from previous support and conversion line. If it hold on the bottom Tine of the pitchfork indicates a good buy and stop loss if it breaks below that. If it doesn't hold we could see support on the red line.