Hi everyone, Yesterday, I published the idea that we have completed wave 2 of a of (I) of a of Z and have started wave 3. However, based on today's price action, I believe we are still in some kind of extended WXY wave 2 as shown on this 30-min chart: There is still a little bit of chance that we have not topped yet for wave X, but I prefer the count shown here for now.
Hi everyone, I did not publish a new idea on ES yesterday, since the price action was following the expected path perfectly and I only added the following update to the idea of August 12th: Overview: since August 11th, we were expecting that we are in wave V of (c) of y of X. As a potential target for wave X peak, I refer to my August 11th update: "Right now,...
Hi everyone, Overview: let's do a quick review of my expectations in the past two months: since June 15th, we were prepared for the market bottoming out for wave Y and then a pullback as wave X. June 17th: "I see us completing wave Y (second zigzag ) soon, most probably by end of today. What comes next is another wave X and then the third zigzag , Z to the...
Hi everyone, Overview: AMD has been on a rally since July 5th. As usual, I go a little back into my previous analysis to set the foundation for the new update. July 4th: "From the all-time-high of Nov. 30th 2021, AMD has completed 2 zigzags as waves (W) and (Y). From this point, I am expecting a rally to retest some portion of (Y) and then the final leg down...
Hi everyone, Overview: let's review the published idea of August 7th: "the actual top on TSLA happened on August 4th at a value of 940.82, which shows our perfect identification of the peak. Now, we have started leg C of (Y) of B. Let's take a look at the hourly chart to see what we should expect next." Update: there is not much to update, except to add...
Hi everyone, AAPL is still in the process of completing wave (X). Looking at the daily chart, the thick black trendline that connects the highs of January 4th and March 30th, can be a potential point for wave (X) peak. There is also an open gap at 174.42 . The previous wave (X) corrected exactly 0.9002 of wave (W) and if we consider the same percentage of...
Hi everyone, Overview: I am not going to lie, the prediction of this leg up has been trickier than I considered. On my August 9th update, I had the idea that market has topped, however, the rally caused by CPI data invalidated that. Update: I have to do a little bit of relabeling to wave (c) of y of X. Right now, I see us extending in wave V of (c) of y of...
Hi everyone, Overview: lets review the update of yesterday: "I believe that market topped today at 13419.25, which was very close to our potential target (13428)." Update: wave I completed today, now we should head higher to retrace a part of this wave as wave II. Not much of wave II has been developed to come up with potential targets for its peak, but I...
Hi everyone, Overview: lets look at the published update of yesterday: "I believe that market topped today at 4188, missing our target by a little bit. Lets look at the hourly chart:" Update: the price action of today followed the shown path perfectly. What follows is a little bit of move higher to complete wave (II) and also retest the trendline and then...
Hi everyone, Overview: lets review my published idea of August 4th: "I see that we are in wave (V) of c of Z of (X) and still considering the same potential target for wave (X) peak as 13428 , most probably reached tomorrow, August 5th." Update: I believe that market topped today at 13419.25 , which was very close to our potential target. Let's take a look...
Hi everyone, I was away this weekend and could not publish an update on ES. Overview: lets see what was my expectation on August 4th update: I was considering that we are finishing wave (X) based on its structure and "I would consider the peak around 4200, but it looks like we might fall short of that target." Update: I believe that market topped today at...
Hi everyone, Overview: lets review my published idea of July 31st: "I expect a topping candle on Monday August 1st. Lets see the hourly count and come up with potential targets for wave (b) peak (185-190)." Update: the hourly count that I published in previous week's update was actually followed perfectly. Let's update the count on the hourly chart, where...
Hi everyone, Overview: lets review my published idea of July 31st: "I expect Monday Aug 1st to be a topping candle on AMD , probably a fake breakout of the black trendline on decent volume . Lets look at the hourly chart: the second zigzag of wave (X), named wave C is near completion. Potential targets for wave (X) top (95-98)". Update: the breakout of the...
Hi everyone, Overview: lets review my update of July 31st: "In my new labeling of the daily count, we have completed a zigzag so far (W) with one connecting (X) wave. 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)." Update:...
Hi everyone, Overview: on the update of July 29th I expected AAPL peak being in for wave (X), based on a number of observations, such as the exhaustion gap of that day and the hourly count that was showing a complete structure. Update: the price action proved that we were early on the identification of the top, and I had to revisit the structure of the...
Hi everyone, This is going to be a quick update following my idea of yesterday. I see that we are in wave (V) of c of Z of (X) and still considering the same potential target for wave (X) peak as 13428, most probably reached tomorrow, August 5th.
Hi everyone, It was a choppy day in the markets and there is not really much to update. I see that we are in wave V of (c) of z of X. Here is a view of the hourly count: Wave A of V is definitely the ugliest wave I have ever counted, but I see this as the most probable count for this price action. I would consider the peak around 4200, but it looks like we might...
Hi traders, I do update/publish ES count on a daily basis. Today, I see that NQ chart has a cleaner count and decided to publish an update on this name as well. Overview: I see that from ATH in Nov 2021, we have completed a zigzag so far, wave (W). Right now, we are in wave (X), inside the downward channel. I consider wave (X) developed as a triple zigzag. To...