This is the most probable pattern for PCG is making right now. It is a flat, we are coming down in 5 waves for c of the flat. Should finish around ~6 area.
Looks like a flat is going to be forming. ED of a subwave flat is finishing. If you look closely we have a flat within a flat within a flat. Don't be confused this is all corrective, the giveaway is all the overlap that is occurring. We are also bouncing off downtrendline that is acting as support.
Potential zigzag completing, good R/R setting up with SL at 80.
If you've been following my work, you'll know I have alot of PCG EW counts. This one I think is the best. Zigzag for A, followed by triangle, look for 5 waves up to complete a flat.
After my daily stare at the PCG chart, I noticed that the low from January to the high in April was in 3 waves, and fits with a classic zigzag, but then there was some sideways movement afterwards. This could be sideways consolidation as part of the corrective move up from January lows. Or it could be a 1-2 as part of the down move that started as shown in the...
2 alternatives are possible rn. We could be forming an Ending diagonal which would be a C wave labelled in blue or a flat labelled in Red. Either way we should be headed higher to retest 8, then drop. The way to dermine which count will occur is to watch the current wave from yesterday's lows, if we complete in one more wave up, we will have 5 waves and we are...
I was looking for 5 waves down to complete this correction. So far, it looks like we have 3 waves down. I have hard time counting this as 5, but it is definitely possible especially if the 4th wave is very small and an ED. The alternative is that this was only 1 and now we are making 2, which would lead to 3 down tomorrow tomorrow. I'm am still waiting for...
Here is a forecast of what I expect is likely to happen to SPX over the next 5-10 years. I believe a Massive Head and shoulders will be forming. Right now we are making the R shoulder. This is not just some random idea that would be cool if it worked. This is based off of EW theory, where I am expecting a zigzag to be forming from 09 lows, followed by an Impulse...
pretty weak bounce off 38.2 retracement that I was expecting. Most likely this is a correction of a correction. Should get a deeper retracement to 68 percene.t
It looks like we are in a possible flat correction from January of this year. If so, we are currently in the c wave and the next target is 20+. That will then lead to one final sell off in a Z wave.
CHK looks to be in an ending diagonal for a complex pattern that started in 2007/08. I don't think we bottomed yet, look for some more downside over the next few months. Very risky to buy even though we are close to the bottom because we could drop another 50%. Once this reverses there is potential for some massive gains.
Incorrectly labelled the up move as an impulse, it is more zigzag like. In a downtrend, 3 move up is likely corrective. So the correct count is is this. Should retest lows. I'm looking to short 23% retracement. Around 6.5
Going through a correction with the rest of the market.
Impressive move today from NXTC. There is usually some follow through with such a move. Looking like we will be making a flat. I'm looking to buy the 38.2 retracement with SL, just under.
Zigzag with b wave as a triangle. We just broke out of a 3 month consolidation. I know this is going to reverse but it could go up for another 80 points first. This is the bear equivalent of catching a falling knife. Really tough to call now. This is a valid count that you need to respect. Especially, if you believe triangles exist. I know I have had many...
Look for a top over the next couple of days