It all comes down to this correction here. How deep we go will be able to tell us if we will find new lows once more.
If we Correct no lower than a 0.382 of "3rd" wave, and particularly hang around the 0.236 before moving higher, then IMO this is without a doubt an impulse and we have likely seen the bottom.
IF we break lower and find our continuation of trend...
Many very bearish on S&P although we have already pierced out highs once again.
Next target before next minor correction 336 (correct to 312)
Then a continuance up to 444, which, IMO, is when a major bear market will begin. It is my opinion that we will see a 60%+ decline from these highs.
We finished our X (downtrend) wave with the tiny triangle. (which completed Y wave of Z) It appears X wave was actually a WXYXZ as opposed to a WXY (as I charted a month ago already expecting the big move up)
Interesting fact- X waves cannot be combination corrections in a flat structure- which confirms that we are in a zig zag- and LOOKS incredibly promising to...
My original long term analysis so far remains unchanged.
This morning I have done a very thorough analysis on XRP to share with you all, and though I have been calling this move for quite some time, I am still VERY MUCH obliged to believe that we have a highly volatile few months ahead of us
In the short term until approx EOM I believe we should get a rise. I...
Okay I'm going to start recording more thoughts on Trading View.
Lost too many amazing charts in my break up with TradingPlaces.VIP
Short term slightly bearish. We need to get these gaps filled for a clean bullish break.
Long term definitely bullish.
LTC might be a good one to long here.... I had this originally charted as an X wave and its currently showing bullish hidden divergence (or continuance divergence) which makes me think we might end up getting 5 waves up here and a short term higher high.
Perfect A wave leading diagonal, extended C on the B wave... looks good to me
My target would be $69 and we...
Short term Target
6491> 7000 > 6850 > 7378 (wave 3)
6800-7000 (wave 4)
7777 (wave 5)
If entering long here suggested stop would be 6420
What I am seeing here in definitely bullish, I'm just not certain on how long it will last. IMO Target $7777 as I have mentioned for the past few weeks very much in play here. The question is what comes next? Will we dump and...
on target to reach 0.00002134
currently in 5th wave here of our D WAVE
will be a big shorting opportunity to come here as well once complete.
My suggestion if going long here,
Enter upon 0.618-0.786 retrace and ride up to the top
Neo could be completing wave 1 Impulse.
Target here for top of wave 5 is 27.14.
We should see a sharp decline at the end of this wave. What will prove an impulse if we start seeing some bullish divergence at around $16-18
if we don't, it is likely we will see lower lows.
Something to think about.... The wave count is perfect for a leading diagonal (usually occurs with a 1st wave impulse) and we DID get the lowest recorded RSI for $NEO ever as well as bounce exactly off our last and only remaining support? IS NEO ALREADY ON ITS WAY TO THE MOON???
The biggest question of all? Are we heading higher here or has the correction finally completed??
It is about to retrace here, if in impulse I expect a drop to around 111 before heading upwards for its 5th wave. either way the next few days will likely be sideways. but 111 is a good target to reach for for a short
RSI indicates overbought, either way its coming...