SlopaeTopae

SlopaeTopae

The last correction was an expanding correction, I think its nothing more than a fractal which will cause a much larger correction.

SlopaeTopae

Expecting a squeeze similar to $GME, short float is outstanding!

SlopaeTopae

I think that GBPUSD will see some downside in the coming days given that DXY has finished its abc wave & should see a quick run up. This will cause a whip-saw shoving GU down

SlopaeTopae

We are coming to the end of a C wave correction before a potential Buy on the Wave 1 resistance of the Minor cycle, the intermediate wave 3 is about to begin leading to a potential 500-1000% drive to the upside.

SlopaeTopae

Given that AAPL just announced the new iPhone and tech will most likely continue towards the upside, I am also expecting the US30 to have a similar outcome.

SlopaeTopae

We are coming up on the 3.50-3.618 fib time zones, I am expecting this descending triangle to play out before February. Once this happens we will have a legendary bull market towards 30k. We are currently in Wave 2 underneath the point of control at 11,800. Once we finish this correction towards >4k or =4k then we can start Wave 3 in the Super Cycle.

SlopaeTopae

We just finished a 5 wave impulse to the downside, now being that we are in an ending diagonal I see the market risking before we get a clear picture of what will happen with the Dollar Index as the week starts moving. -The correction should be short lived given that the majority of people shorting right now are chasing the market. -DXY is also in a correction...

SlopaeTopae

another rejection at 12k, expecting some downside towards 9,500

SlopaeTopae

Higher low from the 50% fib, then to 38.2% fib. I see a push to the 13% or 23% trend lines. _____________________________________________________________________________ In the scenario we are bearish I see the current wave as C.

SlopaeTopae

Simple idea, the market is very overbought within an extension which generally means a strong correction; should begin expansion after a floor is made around 23,000; unless the markets go for a steeper drop. In this case the Weekly chart may turn into a giant ABC pattern directed towards 13-15k.

SlopaeTopae

Slight market stall at the daily 88.6% fibonacci, and this tells us that we may be in the strike zone for Buyers who got in prior to the previous expansion between Waves 2-3, 4-5. I expect a sharp pullback to 23,000 and then a floor to be made, then expansion may start back up.

SlopaeTopae

The price has settled a floor just above the 88.6% fibonacci trend line which is also right at the support of where the 3rd wave extension would be, this means there is underlying strength in buyers but like any other bubble it is till it isn't right? However I believe this time is different, the sideways wave has ended at Wave 4 being bullish, however there may...

SlopaeTopae

Currently looking at a 50% pullback on the Mid-term Fan which is also the start to a possible Wave 4-5 in the Minor, if expansion doesn't play out then I expect some rejection around the 61.8% (24,110) or the 50% zone (23,861) on the Short-term Fan which opposes the Mid-term trend. If expansion plays out then 88.6% (26,322) on the Long-term Fan is a fair target,...

SlopaeTopae

5 wave up - deserves an ABC wave. Elliott Wave Theory Invalidation at pivot to the upside.

SlopaeTopae

Harmonic Pattern: Bearish Butterfly

SlopaeTopae

Not much more to say here, looks like this is our turning point.

SlopaeTopae

We rejected at the weekly trend - Jan 31st - Also looking like an irregular ABC wave at the end of a Primary extension. Expecting bears to come into play, makes sense with the bullish sentiment seen on AUDUSD as well. As AUD goes up the exchange will move downward, if we trend up we should see the major correction in the...

SlopaeTopae

I see GBPAUD in a long standing uptrend, I say this because despite the 5th wave being over and sellers readily available, we still tapped Support 3 times previously on Feb. 5-7 and broke out to the now Weekly Resistance 1 which is at 1.94, I believe we could possible retest the Monthly Resistance at 1.97430, and from there it is possible that we could see a wave...