csmottola71

csmottola71

ETH is still bumping against the 62% retracement of the summer sell off. Now trading below it's 21 MA. A close below it today would likely cause prices to accelerate towards the 2700 area. I'm holding my short with stop @ a close above the 62% retracement. AB=CD target still in play (See related chart analysis from a few weeks ago)

csmottola71

Has the Nasdaq completed an AB=CD formation. Prices and momentum say yes. I shorted between 15250 and 15390 based on my wave analysis (see previous publishing). If this formation is complete the next target is the low of C (14715)

csmottola71

Please refer to previous NDX analysis. Expanding triangle 5 th waves can expand, and usually do, into 7 overlapping subwaves. I'm shorting here. Pray for me ))

csmottola71

ETH is bumping against the 61.8% retracement of the summer selloff. Possible AB=CD pattern. Taking this short now exposes small risk, close a couple of points higher, but on the plus side, the target would be below 800, that would be 2500 points.

csmottola71

NDX- Nasdaq is manifesting typical wave 5 behavior, Momentum is virtually flat suggesting very low participation, Maroc is virtually flat. Divergence on the rsi. Irregular price action with overlapping subwaves. @ 15230 wave 5 would hit the wave 1 extension from wave 4 low, next target 15700 area (1.618 extension) The market is ignoring both good and bad news....

csmottola71

Breaking down the 5th wave on the 4hour chart, shows how prices reached the 200% extension of wave 1 from low of wave 2. This seems to confirm the daily wave count that we are in a wave 4 of 5. Downward target is @ 14050 area and high wave 5 target remains @ 15077. I would expect the latter reach said level in divergence. Maroc is weak both on the daily and 4 hour...

csmottola71

Most likely, Nasdaq is in a 5th wave (a minor count) with first target @ 15077 (1.382 extension of wave 1 from low of wave 4). Maroc is in trend mode, so I would expect a sharp acceleration before calling this top.

csmottola71

My next preferred count is a 3-3-3 sequence, with current leg being the third B. Within this context, a triangle seems to have formed, hence, prices should not exceed the dashed red line, ideally the D leg should fall short of its upper limit. Inversely, the E leg should overshoot before resuming the main upward trend (a fakey - not sure about this spelling, but...

csmottola71

I think we are in the final stages of a complex wave 4 correction. A decisive break of 13400 has still not happened even though there have been plenty occasions to do this. A fib. retracement suggests a possible extension of X to 13500 before completing the move to the 0.382 or 0.618 extension. The generally erratic behavior of price action is typical of complex...

csmottola71

Nasdaq is at a hairs length distance from it's 61.8% retracement of last rally. 12875 to 12925 area is critical. Also a trendline that has proved valid in the past is crossing this area as I write. Both occasions in which prices bounced off this trendline were characterized by an RSI divergence which is what might be happening right now, still nothing is...

csmottola71

I'm expecting prices to do a new low in the 13350 area to complete the Wave 4 pattern. I'm hoping it will complete this pattern in the next few hours so to also get a diverging pattern with the RSI. Only a drop below 13300 would deny the entire count. I've labeled this level with an apple since Apple today is hovering close to the all important 125 level. Should...

csmottola71

WATCH IT ON THE 2 MIN

csmottola71

Please refer to 4hr APHA/USDT Chart

csmottola71

ALPHA/USDT looks poised to breakout of the consolidation range it entered following it's previous peak. (See Daily chart posted as annex to this analysis.) Momentum is rising sharply indicating higher prices to come. Alpha has steamrolled past the high volume range entering an area of lesser resistance. Following the last volume spike prices have continued...

csmottola71

Nasdaq's unexpected drop in Momentum suggests further choppiness ahead and sharp moves in either direction should be met with skepticism. If this wave count is correct, we're in a double 4 which corroborates the aforementioned forecast for price action. Sharp movements to the upside should find strong resistance at the Fibonacci extensions whilst downside...

csmottola71

tkr FMC = FMC has reached the target indicated in previous analysis. Next stock pick on saturday. A happy easter to my orthodox friends.

csmottola71

BTCUSD is bottoming and looks set to resume it's rally, must be said, could still be within the context of a correction. Recent low just shy of the 1-1 extension. Momentum is picking up and remember momentum precedes price. No targets right now other than the previous retracement area. My TS still hasn't turned bullish so i'm patiently waiting. Any ideas appreciated.

csmottola71

The Nasdaq has hit 2 important levels this week where prices inverted direction. After reaching (and surpassing) the -0.618 extension of the 0-1 we found Support @ the 1-1 extension of the same 0-1 leg extended from 2. This is particularly important, specially the second test, since it coincided with the tax hike announcement. The implication is that Buyers are...