The end of the 5 waves down that started in 2011 seem eminent.
The ABCD target from 2016 top 13.155 with the first 2 legs been completed - the last leg looks like to be a three drives down pattern.
The ABCD target from the top is 11.69
Shoot up to my friend WallStScalper for the ABCD...
NAS100 is the first one that go to wave 4 -
the end of wave 4 might be there, however it is possible it has another set of wave within the channel to go to fib ext 1- 5470 .
First target up (within the channel) 5750
I think we already reach the top for the up movement of SPX 500 on June 19 2017, if not very close to it, which mark the beginning of serious down turn movement as this seem to be the top of wave 5 of (5) of V
The last few days - there is a lot of convergence from Fibonacci time calculations (red circle area).
Blue = from the top to top base, red = the...
this is a continuation of my previous post, IS APPLE ON THE TOP ? (THE RAISE AND FALL OF APPLE).
The last time I made the post it just visited the $92 area for the second time. Since then it had went up and back to 92, creating a perfect triangle.
This move re-enforced the idea that Apple is in the middle of a major correction (a move as deep and long as that...
An appreciation of the beauty of Gann box. Netflix goes to a perfect 38.2% deep retrenchment and flip back - creating a possibility of ABCD pattern for the flat triangle.
Will it fill the gaps at the bottom that it didn't fill last time?
I can see that it will go to 58.53.
But before that will it goes back up and fill the gap that it created today before it moves...
The idea of shorting apple came from MikeSer in our conference call when I mentioned the huge gap between $80 to $76.
My real target for short is 82 (Fib 34) - but why not make it pass the gap and go to $75 :)
That will make the total down turn -44.25%, which is more inline with the other apple pull back.
So short Apple at 92 - with target at 82.5 and 75.5?
Since reaching all time high on last April, AAPL has fallen 31.33% during the last 10 months.
Yes it is about a third of its price, but is this it? Or will we go much further?
Had APPLE just reached a MAJOR TOP ?
For that I am looking for a perspective from a big picture
(Sometime something can only be appreciated in Log scale)
(1) For the last 15 years it...
After months expecting the bottom of at least around $1000, did the bottom came and gone without much of a BANG???
Gold has spotted the most perfect rounding bottom pattern, a long term reversal pattern.
In addition it had broken a triangle pattern where it had been moving around since mid 2013 as well as 50 weeks MA (200 days MA on daily chart).
Yes, that had...
IBB (Bio Tech ETF) had been on down turn since the last hurrah in July.
It has been doing a beautiful correction A B C waves - currently at the end of wave (c) of C.
Wave A is a double 0.5 X 1 move of the Gann Box
Wave B is a 1.272 X 0.5 of the first Gann box.
Wave C so far has been a 0.5 X 0.766 (although it might end up at 0.618 and 0.886 or 1)