My take on NVDA from an Elliott Wave perspective. Maybe it will help someone. After clearly an impulse wave down who finished on 13th October 2022 that's intermediate wave (A) we have 2 scenarios: Scenario nr 1: Bearish We have an ABC zigzag pattern finished.Why? We have multiple Fibonacci ratios pointing for a top in NVDA.one of them 1.618multiple for...
If you want a demonstration of the Wave principle in real life look no longer than KRE. It is a textbook example of an impulse wave started on 23 March 20220. Wave almost 61.8% retracement of Wave 1 Extended 3rd wave with a 2.00 multiple of Wave 1 Wave 4 has almost 0.382 retracement of Wave 3. And the most important one: the entire impulse wave is divided...
Sorry Mr Buffett but BAC is going down with all the other financials that I looked up. On February 11th, 2022, Bank of America ( BAC ) completed an impulse wave up that began in December 2011, specifically Intermediate Wave (5) on the graph in light blue. According to the guideline of corrective waves, whenever a five-wave move is complete, a correction occurs...
NYSE:OXY - Elliott wave Analysis Warren Buffet bought OXY in Q1,Q2 and Q3 of 2022. We can't all be Buffets but a a good setup might be in place right now. A clear upward impulse wave starting in October 2020, with an extended third wave that reached its peak on May 31, 2022. Since then, we have been witnessing a period of consolidation in the form of a...
NYSE:DIS wave analysis Starting 8th of March 2021 we have a big impulse wave down (1to 5) finished or almost finished. The interesting part is that Wave 5 has taken the shape of an ending diagonal. An ending diagonal in the words of R.N Elliott is singling "The price has come too far. Expect dramatic reversal ahead." So we need confirmation that the...
Here is my Apple - Elliott Wave Analysis Impulse Wave started in January 2019 finished on 3rd January 2022. Since than 2022 was a big WXY correction. Now being on the final wave (Y) of this complex correction
Get ready for AMEX:SPY to reverse course Be prepared for minor wave C of (Y) in a larger WXY correction Disclaimer: This is my analysis and does not constitute financial advice
AMEX:SPY Let me explain why is everyone is talking about SPY going to $320-$310 levels. From a pure technical point of view.We have hit $320 support levels three times.June 2020, Sep 2020 and Oct 2020. So this is a natural support level . From an Elliott point of view we are in a WXY correction, more precisely in minor wave A of (Y). And the most common...
NYSE:ZIM I see ZIM stock fallowing Baltic Dry Index with a lag. As we observe a bounce in BDI we can expect the same in ZIM stock price. From a technical point of view the same thing. We are now in wave 5 of an impulse wave down. which could also be done. So from wave analysis point of view we can expect a correction up, most likely to the minor...
On 11th of May 2022 when $BTC was $30000 I published the idea that it will drop to $14000-$12000. Back than we were in wave B of the correction. Check the link below. We are now fully underway in wave C. starting minor wave 5 of C. So the good news that the ending of the correction is near. When wave 5 of C is done, the whole correction started in November...
Raise your hand if you want to know what's AAPL gonna do next. I see an impulsive structure (12345) currently being in wave 4. Fallowed by the final wave of the sequence, wave 5. So I would see AAPL going back to the $175 level unless it truncates. Truncation is of corse a possibility but it usually rare. After 5 waves we are always expecting a...
BTC From an Elliott Waves perspective BTC just finished a 5 waves down . Wave A. Then entered the corrective phase Wave B. This correction is not finished yet, but as soon as it takes that low of $28354 $BTC expect it to drop till the next graph support level. That support coincides with the equality of waves A and C. around $12500. So keep a close eye on...
@ElonMusk do you want the bad news first ? I see a complex correction W-X-Y and the bad news is that waves X and Y will reach equality at about $608. The good news is that you might still take TWRT
In a nutshell for the non- analyst out there : I see a clear move down in Netflix fallowed by a correction and than a final move down. For the wave analyst: This is a clear wave A to the downside in 5 waves , now being in the 5th wave. After the completion of this move down, a correction Wave B will follow and then the final move C down usually equal in...
I see a 5 waves move up finished at $61 on 20th December, fallowed by an A-B-C standard correction. Using the guideline of equality A=C and the Trend Based Fibonacci extension Pfizer will drop till about 1 level or $41. This has support as well from $41 OCT 2021 level which is also the W4 level in the previous impulse movement. Disclaimer: This is my analysis...
PYPL - Elliott Wave Analysis From the first day of listing we see a 5 waves up, an impulsive wave up, with something very interesting: Wave 5 is almost a truncation or failure. Which it meant that the fallowing correction will be very dramatic. That is exactly what it happened. From the top of wave 5 $309 price we see a big drop the unfolding correction. So...
Technical analysis used is called Elliott Wave technical analysis. We can see an almost textbook 5 waves movement down. I have done a quick check of the validity of the count, based on the rules and: 1. Wave 2 never moves the start of Wave 1 2. Wave 3 is not the shortest out of the 3 impulse waves W1,W3,W5 3. Wave 4 never enters the price territory of Wave...
Elliott Wave Bitcoin analysis: Unfortunately more bad news for crypto holders I recognised the Impulse wave down. We are in Wave 5 down. Trend Based Fib Extension finding support 1.618 at $ 33, 700 possibly even going down to &30,300 previous support level from 21 July 2021. Disclaimer My content is intended to be used and must be used for informational...