cbud

cbud

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 Crude or the rest of the US Equities as Crude...

cbud Updated 

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 C. Arithmetic symmetry is at 41.80 for throw-over,...

cbud

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 candle. Market hasn't proven itself yet by...

cbud

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 couple days and then a Bull pivot as drawn in...

cbud

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.

cbud

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 Bearish oscillation zone below 65. Primary Fib...

cbud

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 trading to use the e wave or c wave highs as a...

cbud

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, the top of a normal bearish oscillation range. I...

cbud

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 more leg up. Pros: Clear preceding Impulse pattern...

cbud

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) Inside the triangle is sloppy risk control. Wait for a...

cbud Updated 

Weak dollar move on the hourly timeframe anticipated. Based on: Preceding Bullish trend up form lows near 100 Final rally into the highs in a 3 wave pattern (7 overlapping data swings with no clear impulse 3-of-3 milestone center) labeled wave B up. Sharp counter trend move from the highs creating an obvious impulsive pattern labeled wave iii of C down. Resulting...

cbud

If you've been watching on the 3 and 5 minute charts all day, today we had a big clean 5 wave rally with a Triangle in the wave 4 position after hours. That Yellen talk yesterday really caused havoc with the analysis, but today it settled down with the exception of that high narrow triangle that formed in the wave 4 position. The 1249.04 very tight confluence...

cbud

I was researching STON for a longer term ownership and partnership payout with a healthy yield. Yes, it is an LP so it has all the pass through profit and tax implications along with dilution for new issues. However, if there are a LOT of Baby Boomers and it could be a serious high cash yielder in a dividend portfolio. If you're EW savvy, I believe there's an...

cbud

The 32.20 resistance level was taken out. The rocket blast-off NFP candle reveals a confluence resistance at 49.04. The trade here is Bullish until 49 and then very Short bias for the wave (v) down to lower lows with buy stops behind the spike highs at 60.15. What's nice is that wave (iv) up is likely to not drag out forever.

cbud

Preceding 1 hour trend is Up. First correction down is a clear 5 wave impulse pattern with momentum signature and volume pattern to match. The Bulish correction is overlapping, contained and described by a channel. The first impulse against trend is always an A wave in EW terms. It cannot stand alone in a correction. On the 3 min chart, the rally from today...

cbud Updated 

The trade here is a Bull rally until 1232.20. Then Bearish to lower lows. Wave (ii) took 6 days and was a sharp Zigzag. By alternation, expect this rally to be a slow march upward (not how I've drawn a simple ABC zigzag t in the Ghost feed). It's not a Flat so far unless we get another leg down for double bottom, so expect 7 swings for a maybe a Double Zigzag...

cbud

Previous idea 2 hour chart wave a up target at 1219.67 was touched at 1219.81. This 15 min chart has 2 targets for a wave b low at 12.02 and 09.94. The first leg down looks fairly strong. Not surprising since the wave c up was an Ending diagonal which implied contraction in the proportions going into the high. With 2 support targets so close together it is...

cbud Updated 

The C wave Expanded Flat posted earlier in May has been playing out. Rather than continue to update the original post, I'll try and switch to this shorter time horizon format with individual ideas. Assuming a simple 3 wave advance, wave a up highs should come in just under 1220. A b wave low will likely follow, but no telling if that b wave down will take out...