Overview: let's review a few key points of the update of yesterday: I believe wave b is not complete yet and I expect it to turn into a triple zigzag retesting 4076.75 area. If we break the upward channel decisively, then wave b is complete and we have started wave c of (III). Note that based on the price target of the head & shoulders pattern, I believe...
Overview : the price action is nicely following our expectations. Let's review a note on the weekend update: "I believe we are in wave a of (III) of a of Z." This morning, I had the following count on SPX and expected wave b of (III) to end on either 0.236 or 0.333 retracement of wave a of (III). Update: today, we tested the 0.236 retracement (4056.5) and...
Overview: I have provided extensive reasoning and analysis on ES in earlier updates and it has been following our counts/expectations since August 11th perfectly. Yesterday, I published a review of the accuracy of the ideas in a "performance review" update. Update: I believe we are in wave a of (III) of a of Z. Note that we completed a head & shoulders...
Overview: let's review our previous expectations, which were followed perfectly: I think we are in wave III of (c) of I of A of (Z). Update: I have to make the same statement as the previous update: I think we are still completing wave III of (c) of I of A of (Z). Note that if we break down through the red trendline, it shows excessive selling pressure...
Overview: let's review a few key points from the last update: I see wave B of (Y) completed on TSLA and now we should start moving for leg C of (Y) of B. The daily chart also shows a double top forming, where a decisive daily close below the support area around 856 (285 post-split) confirms this scenario. Update: I believe TSLA is close to the...
Overview: the published count of last idea played very well. Update: I think there is no need for much description, everything is very clear on NVDA. I believe we have completed waves I and II of (c) of y, and we are about to complete wave (1) of A of III. Also note the formation of the complex head & shoulders pattern, with a price target of ~143. A very...
Overview: let's review a few key points from the previous update: I believe that wave (X) is now complete. There are two important breakdowns to happen: 1) Hourly chart: I expect the price to break the green channel through the lower trendline. 2) Daily chart: the breakdown of the blue bullish channel. Update: The mentioned breakdowns happened as...
The usual way I publish my public ideas is daily updates on ES and weekly updates on NASDAQ:AAPL , NASDAQ:TSLA , NASDAQ:AMD , and NASDAQ:NVDA . Starting this weekend, I am going to publish performance reviews on these updates. Note that in these posts, my goal is not to update the counts, but only to compare the expectations vs reality. Updates to the counts...
Overview: do I really need to update the 15-min count I published yesterday? let's see: Yesterday's update: Actual price action: This is a perfect match. Update: Yesterday, I provided extensive description of what I see in this structure and why I believe 4220 would be wave (II) peak.
Overview: this is going to be a pretty extensive update. First, let's review our expectation on the updates of 22nd and 23rd August: 22nd August: "I believe today we completed wave 3 of c of (I) of a of Z and we have started the pullback for wave 4. Wave 2 of c was a deep double zigzag , which leads to the conclusion that this wave 4 should be a shallow...
Overview: let's review our expectations on yesterday's update: "I believe today we completed wave 3 of c of (I) of a of Z and we have started the pullback for wave 4. Since this wave has just started its development, we don't have any exact clue on where it might end, but we have one hint: wave 2 of c was a deep double zigzag , which leads to the conclusion that...
Overview: the price action has been following our expectations flawlessly since August 11th. Let's review the update of August 20th: "I believe that market has started the third bearish zigzag , wave Z to new lows. Looking into the hourly chart, we can see that currently we are working on wave 3 of c of (I) of a of Z." Update: there is not much to update on...
In this post, I am going to do a harmonic Elliott wave analysis of IWM . I see IWM from 2000 to ATH of 2021 as a wave 1 and the correction started from ATH is a wave 2. So far, we have completed 2 zigzags ((W) and (Y)) of wave 2 and a third zigzag is about to come later this year. Note the main reasons I believe wave (Z) is coming: 1) Based on my view and count...
Overview: since July 31st, we were expecting NVDA to be close to topping out. On that update, I noted the 185-190 range as the potential peak. On August 7th, I published the idea that NVDA will need a little bit of push to complete wave (b) of y. Update: the actual top happened on August 4th at 192.74! Now, let's look at the 4-hour chart to have an idea of how...
Overview: this week, AMD followed our expectations perfectly. Let's review a few key points from my August 14th update: 1) I believe that AMD has topped and going lower for the last bearish leg, wave (Z). 2) a decisive breakdown of the hourly bullish channel can be considered as the ultimate confirmation of this count. Update: let's look at the 4-hour chart: I...
Overview: this week, AAPL played out perfectly according to our expectations. Let's review a few key points I published on the update of August 13th: 1) AAPL is still in the process of completing wave (X). 2) The thick black trendline that connects the highs of January 4th and March 30th, can be a potential point for wave (X) peak. 3) An open gap at 174.42. 4)...
Overview: since July 31st, we were expecting TSLA to be near the top. Let's review a note on July 31st update: "Right now, we are in the second zigzag, wave (Y) and I think its wave B will be completed very soon, most probably on Monday, Aug 1st." and "Potential targets for wave B top (931-950)." Last weekend, we were tricked by the price action of wave (V) of c...
Hi everyone, Overview: in my update on August 15th, I shared the following hourly count, expecting the market to peak around 4325. This count played out perfectly and market peaked at 4327.5! During the week, we were updating the structure of leg Z as it was developing its very early stages. Update: as you can see, I believe that market has started the...