Sintar123

Sintar123

Setting up for an excellent long soon.

Sintar123 Updated 

It's safe to say we have a short-term top in play. This count shows a zigzag for 1, which means we are in 2 right now. The premarket data shows a different count, and we could go all the way back down to 6 in an alternative count. There is also another count where we completed a 4th wave from March highs, and so we could go below ATL.

Sintar123

I will look to buy once this correction is over. I don't think we are done going up with this stock.

Sintar123

Going over the idea of the triangle. It doesn't have to be perfect all the time, and there may be some slight interruptions of the the trendlines. This may be a triangle breakout. THere is a nice diagonal forming, and it is risky to call this ending diagonal as it can also be a leading diagonal. It is very dangerous to short right now because of the possible...

Sintar123 Updated 

Looks like and Ending diagonal is forming, should be complete by tomorrow.

Sintar123

From now on, I will be using this as a diary and will be labeling it as such. This is primarily for backtesting of ideas. I think this is the most proper count so far. After b completes it is not clear how low c will fall, so I'll take it one day at a time.

Sintar123

We are out of the triangle that I was describing for the past week. But there was no volume on the break out and the c leg of the triangle was very short compared to the d and e leg. The orange is an alternative count (double zigzag) that may be forming.

Sintar123

Firstly, I want to apologize for having so many iterations of EW counts for this stock. There are alot of possibilities and a good Elliot wave practitioner always has to keep an open mind. Secondly, we know definitely that an impulse was created from the October lows that brought us to the 8 area, this was followed by 3 moves down to 6 area then another 3 moves...

Sintar123

We have two options right now. If this is a triangle we will break out above 8, if this is a rising wedge 8 should provide resistance. Look for volume breakout if it is a triangle. Also, if we fall out of rising wedge before the weekend and touch lower trendline of triangle, triangle becomes more likely. Important decision happening today. So market could be...

Sintar123

It's hard to say if we bottomed but we are close. We could still be in 5 of C.

Sintar123

I've identified another way a double zigzag can form. This observation has us in the "a" leg of the second zigzag that has not yet complete. My other posts talk about how we are making a b wave of the X wave of the double zigzag. However, this is equally possible. We won't know for sure until we retrace from 8 area. If we retrace to .618 from last weeks low, this...

Sintar123

This has been a very tough stock to forecast recently. THere is some news coming in tomorrow, so that may have some effect. Right now I believe we are in b wave of the second leg of the double zigzag. This can form a flat or triangle. I drew a triangle but truthfully it can still form a flat. I might just put in a order when it hits the trendline again.

Sintar123 Updated 

Impulse from the lows. Good 1-2 i-ii completed.

Sintar123

this action appears very corrective. When you have a correction with a correction, it means you are correcting the correction also known as an X wave. I believe this is the X wave of the double zigzag. Should get down move back to last week's pivot low.

Sintar123

Triangle did not work so far, This move does not feel impulsive like we broke out of a triangle. This is another possible count.

Sintar123

Is it a triangle or flat? That's what I'm debating. The triangle is labelled in Black and the the C wave of the flat in yellow. A triangle is really a failed flat. What would be the 1-2-i of the c wave of a flat turns out to be actually the c-d-e waves of a triangle because of overwhelming bullishness. The safest thing to do is wait for the breakout, 7 will be a...

Sintar123 Updated 

As you can see, we have two triangles a bigger one in red and a smaller one in black. If we bounce off the smaller one than we were dealing with a smaller degree b wave and we should go to 8.5 if we bounce off the bigger triangle we are dealing with a larger degree b wave and we should expect 12ish.

Sintar123

This is now a likely alternative to occur. I was looking for us to hit 8.5 before going down to 5.8 so that we can fulfill criteria for an expanding flat. This may be one way we could do it. If lower trendline holds tomorrow, this could launch next week.