We still don't yet have 100% confirmation, but we technically speaking don't get that until we make a new high lol. What I would like to have seen was a clean 3-wave retrace hitting standard fibs, but when do we ever get exactly what we want? That being said, the type of price action we are seeing seems completely impulsive to me. This combined with the fact that...
This move up has been somewhat sloppy, but I get 5-waves out of it that thus far have hit standard fibs for the most part. Structurally it looks complete to me and MACD seems to agree with this count too as of now. What I want to see next is a 3-wave retrace into the target box. The reason it is a wide box atm is due to the nature of wave 2's. They can be short,...
Gold has to be the slowest moving ticker I have ever tracked lol. It's like watching hair grow, like watching a sloth walk, or like watching a snail cross the road. All SUUUPER exciting. After saying all this, nothing has changed yet. As I have stated in my SPY post, I believe the S&P is about to drop for b wave of 5 so maybe that will help propel Gold slightly...
We FINALLY some good price action today. Price ended 10.11% up from its LOD, MACD made a new local high, and price finally started to raise with strength. The reason I mention with strength is because of that high MACD made. That was very important because had it not made a new high, this would have turned out to be just another minor c wave before dropping even...
Apple is following an ideal path thus far. If you all recall I bought 2 puts when price was about $195-$196. I sold the first one when price was about $186 and the second around $181. I didn't make a ton of money off of it, but a couple hundred is better than nothing. Tomorrow morning, depending on price action, I may buy another put or two in anticipation of the...
Today may not have seemed that important, but to dismiss it as just another day is a mistake. As one of my followers mentioned earlier, MACD flashed its first green signal since 29 Dec of last year. I mentioned the other day the MACD line was about to cross the signal line, and that's exactly what we got today. Looking at the daily chart, it also appears we have...
Today we didn't get the clean 5-wave set-up Coinbase provided, but nonetheless, it does appear to be carving a 5-wave set-up. I would like us to tag the 2.0 @ $191.41 next followed by a 3-wave retrace to the low $180's ideally. MACD seems to be supporting this count at this time, but we have yet to get confirmation. Just as with Coinbase, once we get the structure...
I feel like I updated y'all throughout the day and don't have much to add. The smallest timeframe I can post is a 15min chart or I would post the 3min graph for more detail. As you see here I believe we need OMH for mini-wave 5 followed by a 3-wave move retrace. This, followed by an impulsive move higher is the confirmation we are waiting on. If this is the case,...
This thing just keeps extending higher and higher. If one thing should be obvious to y'all by now is at some point you need a retrace to keep a healthy structure. We have extended almost all the way up to the 1.786 fib extension. As you can see from my labels on the chart, structurally this thing is complete. I could see OMH to tag the 1.786 and that being the...
As I said in my last post, I think it very likely that the bottom is in. Just as with every other bottom or top though, you need confirmation before saying one way or the other. The first bit of confirming data you want to look for, is a clean 5-wave move higher followed by a 3-wave retrace forming a healthy 1-2. Right now, this doesn't look like a clean 5-wave...
As y'all know by now I don't change my primary very easily. I do at times, but more times than not I have found my initial gut feeling is right more than not. On the chart you can see my ALT count which suggests I am one degree off with my primary count and the bottom is in. We don't yet have a 5-wave move higher with a 3-wave retrace so I can't say for certain...
I had a follower ask me to post my hourly chart on AMD so I thought I would try to get it out real quick for those of you trading it. In order for wave iv to alternate with wave ii, it needs to be shallow and short. This is why I have my primary saying that iv is over, but it could verily easily fall slightly lower. If it does drop lower, it should be contained...
There's a lot to unpack in this post. We'll start with the obvious and that price raised much higher than I anticipated. Rather it be the announcement of dividends or something else I'm not sure. The price action we got before the earnings released appeared corrective in nature which pointed lower. Given the new action we've received I've spent a decent amount of...
Rivian's structure looks much like Tesla's. The difference between the two, I still feel Tesla is within a larger bull count, whereas I feel Rivian is within a larger corrective count. This makes me much stricter on the structure Tesla carves out vs Rivian. Rivian's next move higher will be that of an A wave which can appear as a 3 or 5 wave move. This can appear...
Last night I mentioned it appeared Tesla was in an ED. I then posted what I wanted to see it do if that was the optimal count. Well, today it did exactly as I said it would. This makes it very likely this price action is an ED being carved out to finish the c of (C) of ((2)). We have positive divergence on the larger time frames, but today we made a new low on the...
As always, I have been tracking an ALT count along with my primary. After the release / reaction to the earnings report, it makes my ALT much more likely than before. The main reason I say this is due to MACD. With the recent strength of the rise in price, it caused MACD to make a new high. It hasn't breached the previous high MACD made during wave III, but it did...
Today confirmed my ALT count which suggested we needed another low to finish out this move down. When I started looking at it tonight, after analyzing Tesla and Rivian, I spotted what I believe to be an ED that just finished. If this is the case, then that means we made a bottom today in Coinbase! We're in the target box, hit the 1.236 (common end point for...
Not really much new data as we have been chopping around this same are for over a week now. Starting at the 25 Jan low, we made a VERY sloppy 5 wave move higher. This seems more likely an abc move higher for the wave 4 that I called for. Since the 30 Jan high, we have been chopping lower in corrective structure. This makes me think we could very well be in an ED....