eWiz

eWiz Updated 

Weekly bull Candle Tracking an e wave within a triangle pattern for wave X Expecting a pull back of $100 towards 618% of wave C as target for wave E where we might see a larger reversal down in wave Y This trade will be done on Wave e up Will post lower time frame charts to show setup

eWiz

Weekly Bull Close 5 Daily Bull Close bars Looks like we're moving up in wave C of an expanded flat correction in a larger downtrend I'm looking to enter long at .286% retrace from current levels anticipating that's where wave 4 of wave 3 will find support @ 1.1405 Stop will be 1.1430 where price would enter territory of wave 1 of A and invalidate the count

eWiz

Previous 3 weeks candles resulted in bearish wicks Daily today was bullish but preceding 3 candles were bears It appears we might have completed the 5th wave in wave C to complete wave 2 Ideally, would like to see price move below 20.04 (prior wave 4 low of wave 5) to suggest more weakness ahead so will wait if prices move in that direction before taking a...

eWiz

Daily Bear candle - goes against stradegy but I am counting a wave 4 here so maybe its over Noticed a sharp impulse breaking out of downtrendline Waiting for 1 hour close and then look to enter at a .38% retrace with stop below last swing low Profit target should be minimum .7303 to break the previous high of wave 3 Play is an anticipated wave 5 up to complete C...

eWiz Updated 

technically this could be where price turns because the ending diagnol should play out where wave 3 is not the shortest wave if price goes over 114.20 then wave 3 becomes the shortest wave and the count is invalid. Daily close is not bearish so its risky entering here however you could with a stop just above 114.20 where the count is invalidated. If however it is...

eWiz Updated 

Daily bear candle 5 wave decline for wave 1 of possible 4 Entered short at market at .7245 Stop is .7305 Target is .7190 minimum depending on how impulsively this move drops down as its possible wave C up is complete and we're going down towards .7000

eWiz Updated 

Daily Bear close Weakly upper wicks Im still analyzing this trade because I dont like that the 5th wave is truncated. Ideally a push higher above 20.47 would have been nice. A really big bounce from 20.47 level could indicate we're starting the move down in C though so I'm looking for shorts

eWiz

Looks like were in a wave 4 decline which should find support around the wave 4 region of wave 3 around 81.22 We would then rally again in wave 5 towards 83.50-83.90 resistance Once there, if we get a daily bear close, we can start looking for shorts This setup is tradeable as well for a short term short towards 81.50 area Equity futures are looking bearish today...

eWiz Updated 

Impulse wave 1 noticed followed by 3 wave decline in wave 2 of C Longed at 618 retrace in anticipation of wave C up Target is equal legs A=C @ 15.15 Stop is 14.496

eWiz Updated 

Still need to complete wave 5 down Entered short at .38% retrace of wave 3 Possible that we completed 5 waves up so trend could have changed - risk should be small Will look for price action around 2652 or 618 retrace of possible wave 1 up Purchased put option spread 2690-2730 for $200 Max profit is $760

eWiz Updated 

Shorting between the .50-618 retrace of wave 1 down. Stop is 113.70

eWiz Updated 

Building triangle wave b pattern noted Stop is .7040. Below the extreme of wave a of triangle B Target is equal legs A = C @ .7159