Rykin_Capital

Rykin_Capital

Multiple trendline breaks, confirming further downward action. Fibonacci goals not quite met, but there is still time. Divergences not present yet. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green or purple with invalidation in red. Confirmation...

Rykin_Capital

After a complex correction, seeing a rapid change in angle and tone of candlesticks. Trendlines not yet broken, yet indicator wise, change in trend with increasing momentum. Volumes not available on this study, yet I am also willing to make a bet that a vWAP line or one of its derivatives (MIDAS for instance) would show a break. Stay safe out there. We are not...

Rykin_Capital

Fairly complex, not fully shown harmonic proceeding within a positive channel. Confident, gaping breakout past the most recent high after a faint downward expanding triangle. We believe this is W3 of an impulse up. Vortex and relative volatility are confirming. ABC downward zigzag. Gentle ABCD triangle for B Wave here. Confluence of Fibonacci goals shows us some...

Rykin_Capital

Signs of bears waking up on this one. 2-4 line brake with VI flipping a few days ago. Significant for high chance of trend reversal. RVI gaining momentum in the negative. This scenario also fits greater channel confines that IWM has been obeying for months. Could be a start of a downward ?A/X wave. We are not in the business of getting every prediction right, no...

Rykin_Capital

ABC downward zigzag. Gentle ABCD triangle for B Wave here. Confluence of Fibonacci goals shows us some good targets. Bolinger Bands are squeezing. My guess is we are in Wave 4 of a SubWave 3 of an undetermined degree. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are...

Rykin_Capital

Low of D Crossed. ABCDE >1.0Fibtime of A, thus highly likely for entire B Wave completion. IOf this is true, then expecting an impulsive descent down. It is interesting to observe how Fibonacci ratios coincide with levels of candlestick support/resistance. It is a well described phenomenon that is once again apparent here. We are not in the business of getting...

Rykin_Capital

I believe that there is a WXY formation here in the early phases. We are onto Wave X. W=Fibtime 1.0 of Wave A, while we observe a running flat, classical for W,X,Y. Clearly confirmed pivot on the C of W wave impulse, thus expecting a downward zigzag now equal to or less than 1.0 fibtime of W. Yes, we are fans of "Mastering the Elliott Wave." Go have a read if you...

Rykin_Capital

Multiple Harmonics within a channel identified. We have changed the tune somewhat to harmonic theory of market action, but this is not a move away from Elliott. At the end, Harmonics are another or roundabout way to describe Wave action in the markets. For instance, this picture does fit WXY type corrective pattern, if we allow the current formation post a low at...

Rykin_Capital

AB=CD pattern at the of this constellation. We have cracked the top side of ABCD triangle on a climbing momentum. Hugging the top 2s.f. line of the Bollinger bands on a slightly trending Bollinger MA. Chaikin does show dropping vol, but I believe this to be part in parcel of general Wave B behaviour. Could be developing an inverted head and shoulder pattern in B...

Rykin_Capital

I am seeing a short on Alphabet. There is a confluence of factors. We crossed BC line on the latest zigzag. The increased momentum at each peak is dubious as volume (CMF) indicator is showing multiple indicators. DeMark's is showing a setup alone and Bolingers are rejecting price at the midline. It may be an incoming C Wave to a huge Flat or a X wave to a...

Rykin_Capital

Confirmed pivot. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and...

Rykin_Capital

Within a channel, looking like ABCDE according to Elliot. Volume flow toward longs, and I bet P/C Ratio is bullish also. I never shared an idea on this one for a while, but you can see a Gartley painted in there and the result. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci...

Rykin_Capital

Harmonic bullish 5-0 tentatively forming on ISRG. This is a pivot pattern that should bring kush, unless invalidated. And if it doesn't, you may even see a triple bottom in there if you try hard enough. We shall see how the events will unfold. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The...

Rykin_Capital

Mondelez is in an upgoing zigzag. Just confirmed through passing the most recent high. I like to draw channels to guide my Fib projections and other things, never mind in this case that we are overbought - every single is situational. That is why trading is more than a science, but an artform. We are not in the business of getting every prediction right, no one...

Rykin_Capital

XABCD, ABC patterns at play. Confirmation via eMA, candlestick pattern. Here we go. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is...

Rykin_Capital

I would have loved nothing more than a total collapse of this one. I shorted this one many times last year, but alas the guys in New York got bailed again. There is a WXY channel within a larger B of an Elliot flat. We are due to start the Y soon. Hidden momentum divergence, confirmed by a volume one, thus there is something there on the divergence level as...

Rykin_Capital

Bearish Gartley 222 on Boeing. I especially like the fact that there is a high degree of symmetry on the horizontal access, and the pivots at 0.886 level Carney talked about in his Harmonic trading material. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in...

Rykin_Capital

Major confluence of harmonic patterns. Elliott wave triangle, and confirmed entry to next wave. Confirming entry on crossing of two price levels and a high chance of three black crows. I noted divergence in momentum in what appears to be the Elliott triangle. We are not in the business of getting every prediction right, no one ever does and that is not the aim of...