Placing an entry idea above the .618 fib kept us safe as price continues to decline. At this point it is difficult to determine if AAPL is in wave (c), or if wave (b) still occurs. Instead we can notice that price approaches the 20 week MA (red), usually a support. Gann level 138 is located slightly below. The current green count can be interpreted as wave v,...
SQ was rejected precisely at Gann level 267 and dropped towards Gann level 235, giving us a nice profit. We can count 5 waves down (green count) and, if correct, may expect a retracement, especially if Bitcoin continues to climb. An idea could be to reduce short exposure on Gann level 235 in case Bitcoin pushes higher and SQ correlates. The 50-60% retracement...
AAPL was rejected at the .618 fib mark (blue box) as expected, but consolidated afterwards, so that we may consider a wave (b) to unfold if price breaches the blue box. In that case a short-term trade could be considered to capture a potential wave (b). A put options sweep occurred yesterday, 143 strike/1 OCT expiry, 212 contracts, which we can interpret as...
October is Tesla’s most important month: Q3 vehicle production & deliveries on 1 OCT Annual Shareholder meeting on 7 OCT Q3 earnings call on 20-21 OCT We can observe again and again that price declines if such events occur at the end of a rally, which is the case here. The actual earnings or production stats, no matter how positive, seem to be irrelevant if...
Bitcoin bounced off the 20 week MA (in red) and Gann level 41884 for the 4th time. Volume has risen, indicating the continuing presence of buyers. Our BTO entires at higher levels kept us safe. We may adjust them to stay clear of the blue box, the 50-60% retracement level, where sellers may step in and try to continue the bear market. Selling options premium...
Facebook appears to unfold in 5 waves to the downside (green count). Gann level 338 provided support during yesterdays selloff. Further upside would indicate that wave (a) is potentially complete and we may prepare ideas to participate in wave (b). Higher entries keep us safe if our assumption is wrong, and they give FB time to further consolidate and improve...
The Mars/Saturn conjunction on 27 SEP coincided with an expansion of volatility and a selloff. AAPL is approaching the median of a larger trend channel (blue dotted line). The current wave (green count) can be interpreted as wave iii or wave c (potentially followed by wave iv retrace to the .382 fib blue box, or another abc with further upside). AAPL likely...
Alphabet hit resistance at Gann level 2861 and began to lead the market in yesterday’s selloff. As expected from the Nasdaq analysis we can recognise an unfolding wave (c), which is reflected in GOOG as well. If the green count is accurate, GOOG may have completed wave iii, so that we can look for a potential wave iv with a retrace to the .382 Fib level (blue...
As expected a wave C is currently unfolding which gave us a nice profit. Price approaches the 14766 Gann level so that we may look for potential (temporary) support. Wave C is still short but since we have a lower low, it fulfils the criteria for completion, and we can look to reduce exposure to be on the safe side. It is also possible to count 5 waves down...
We see BTC returning to Gann level 41884, consolidating below the green trend line. Price reacted precisely at the .786 Fib., indicating that intentional buyers are present. An idea could be to start placing long entries above current price. Higher entries keep us safe if our assumption is wrong, and they give BTC time to further consolidate and improve our...
Tesla is approaching Gann level 805. The current Elliott wave is coming to an end in the 5th wave (green count). An idea is to reduce exposure and start exiting positions. The wave may extend much higher. But since the internal wave count is quite difficult we may put a higher weighting on Gann levels. The current wave is also result of Reddit activity in...
On 27 SEP Mars and Sun conjunct natal Saturn, a constellation that may potentially coincide with volatility expansion or a turn in sentiment. We can recognise an Elliott abc correction from the previous low (green count). That movement may come to an end - at the 1.618 fib mark, around 148 USD - or at the 50-60% level (blue box) above. The 20D MA is located...
As expected BTC declined on 24 SEP, further helped by news that China bans cryptocurrencies (again?) to restrict the flight of capital from the country. Gann level 41884 remains support as price consolidates on it. The decline gave us an ABC correction, potentially a wave (ii), which means that we may expect an expansion of volatility in a wave (iii) this week....
Bitcoin is approaching the median between two Gann levels, while the Elliott count shows 5 waves to the upside (green count), coming to a completion. The blue box is the 50-60% retracement area of the entire previous wave. The 20 day MA (green MA) is another element that may provide resistance. Uranus will form a trine with natal Saturn on 24 SEP. Not a major...
SQ has topped out on 5 AUG, perfectly closing at Gann level 284. Price has since formed a series of corrective ABC patterns and bounced off the 20 week MA on 13 SEP. Square is currently approaching Gann level 267, with the 5th wave coming to completion (green count). The blue box is also the 50-60% retracement area of Wave (a), where sellers may step in. If SQ...
Tesla has not moved in alignment with the general market but has been rather leading or lagging at times. The Elliott count gives us a potential top, if we consider the previous wave as a slightly truncated Wave 5. TSLA is now at the 50-60% retracement (blue box) of the previous wave. If the bearish count (green wave iii) unfolds from here, this is where we...
DXY has found resistance right at the Gann level of 93.437 USD, but we need further confirmation if EUR has made a low as well (inverse correlation). EURUSD has a Gann level at 1.16910 which may provide support if one more bearish wave occurs. It is possible to count an ABC correction from the top of 3 SEP. The current wave has retraced the previous wave very...
As expected, the Full moon in Pisces coincided with a rapid expansion of volatility. And yes, the move did not disappoint. BTC is currently consolidating on Gann level 41884. An idea could be to play a potential breakout to the upside if BTC breaks the green trend line. In that case we shall watch the 50-60% retracement area of the previous wave (blue box) if...