Not really sure what Juno does, but it looks beautiful on the 15 and 3 min charts IMO.
It will very likely fall hard on the 3 min chart as lower support line breaks by end of day today 10/24.
Which is in itself a short trade with a target at 28 with great Reward ratio.
This will eventually potentially set up a 15 ...
FTR Bounced after a 2nd touch exactly on daily channel support.
Subsequently had a strong move up and looks to have completed a 5th wave Ending Diag.
I am watching for a simple ABC first correction to try and catch a strong 3rd wave up into the 4.50 area.
Doesn't look right now that we'll see an expanded flat, so ...
I'm interpreting T on the 15 min chart to be a Leading Diag with a Contracting Triangle in the Wave B position.
So looking for a gap up tomorrow morning and to get long on any clear 3 wave correction, perhaps into 39.43 area at that purple dash channel 50% line, also near the Triangle descending upper ...
First rally up in what is looking to be a clear impulse pattern off a clear A-ExpandingTriangleB-C corrective decline.
Any 3 wave corrective patterns on the 15 min timeframe into a wave iv or 2 as labeled could be corrections into a wave C rally into 40.80 or the upper Blue trendline across the highs around ...
After the preceding C leg short trade to target the spike formed on the low.
Subsequent price action in the past 2 days has been sideways, but could be a Leading Diag wave 1 up.
So wave 2 pullback coming shortly on the 15 min chart here, maybe into 38.85 or .70.
I like the A-TriangleB-C preceding pattern into ...
On the hourly timeframe, the decline in GSK beginning in Aug 2016 can't be counted as an impulse for sure.
Maybe it's a leading diagonal that I'm not seeing, but I believe probabilities are best interpreted as a WXY pattern as labeled.
Which implies it is a 2nd X wave down in a larger WXY (Ending Diagonal) pattern ...
Any EW'ers out there, I'd appreciate your input into PSEC and the rest of the BDCS composite ETF.
There may be a C wave up termination as an Ending Diagonal completing in PSEC. Lots of overlap throughout the structure.
I'm anticipating one final motive rally pattern up, perhaps an Ending Diag as wave 5 of ...
Clear impulse off the Feb lows.
Followed by 3 waves down.
And what is currently A-TriangleB-C pattern up in a rally.
Fib cluster resistance at 53.03.
The simplest resolution is a strong C wave down below 40.
Rallies in Crude and US equities for the next few weeks.
After that, not a compelling Bullish situation for ...
The 2016 decline is clearly corrective in nature thusfar as it stays above the lows.
So I anticipate the potential for a strong Bull move.
No break of the descending trendline yet, but a potential impulse c wave at the end of a WXY pattern is showing.
Some divergence in Comp Index and a nice strong Bull milestone ...
I don't like that giant strong milestone potential C leg down from Early Sept 2016 for a bullish case.
Nonetheless, ETP is still in an upwardly trending channel.
It's rally or roll over here for ETP.
There's been a lot of news coverage for ETP in the past weeks, but I'm not seeing a whole lot of strength in the ...
I do not know what this business does, but it showed up 2 weeks ago on a scan so I've been following it.
It appears to have developed an interesting Expanded Flat pattern with 5 waves in the wave C down.
Some oscillator divergence showing, and inside relevant channel lines (Green).
A small move down this next ...
4 hour large Bear candle forming at projected channel resistance with throw-over.
Flat pattern labeled abc up potential completion.
Trigger short on a strong move lower at 34.30 with target into 31.25.
Initial stop above the wave c high at 36.31.
Follow it through into 29 or below if 3rd wave develops.
The previous short I was looking for on a break below the ascending triangle trendline never triggered.
The price structure is still a triangle and I put probabilities on what was originally my alternate count.
So A-TriangleB-C up into 41.50 - 41.80.
5 waves into wave C with divergence into the wave (v) of ...
Dow moving sideways in a larger corrective pattern.
The current clear Triangle should resolve downward. Next motive wave is anticipated to be final in sequence and end the larger corrective structure labeled WXY.
This same pattern is showing in a few large cap equities - which also make up the Dow.
RSI holding in ...
I count a larger WXY pattern within a channel. Should be last move down into support near lower channel line. There's a Fib confluence from the triple top highs near 41 at 37.68 as a target. Yields a 2.5:1 reward.
Short trade trigger below the small triangle ascending trendline near 39.68.
It's usually poor EW ...
A clear 5 waves up in a wave (C), greatly reducing the probability for a WXY(XZ) pattern (double/triple zzag).
A very strong leg down in 2016 Summer conservatively labeled wave a down.
Big momentum shift to the down side putting RSI clearly into bearish oscillation.
Followed by a double top resistance at RSI 60, ...
Anticipating a possible move up in AT&T (T) to 44.50 mirror projection based on preceding milestones and 4th wave lows.
Or the Rally is over and look out below for targets below 31.
There is a pretty clear EW set of outcomes for this situation from process of elimination.
Either I've counted wrong or there's one ...
Whole Foods WFM (Whole Pay Check) is in a classic WXY pattern. Double triangles in the Wave B positions with a final move down into 19.56 projection. Projection is C. Brown style mirror projection from confluence resistance at 38.59 derived from the latest strong milestone lows near 30 (Red dash line)