Here is a semi revised count for the house of mouse. From covid lows, there is a pretty clean 5 wave move in progress, and wave 3 can be subdivided into 5 waves as well. There is a potential 20% move (3.73:1 RR) here with a stop below the 50% fib at 139. The daily RSI is still oversold and macd is curling up. Both could still reverse however if market continues...
$UPST analysis Looks like we might be nearing the W4 bottom. Could be worth a try with a tight SL below 228 and a PT of 300+ 35% upside vs 3.5% risk. Shares over calls since they're expensive AF
This is part of a more in depth analysis, but im posting this just as a way to test out that analysis on a shorter time frame. And as a way to keep myself accountable. It's entirely possible that the yellow ABC correction completed wave 4 at around 58k, and we are in a wave 2 of wave 5 that will hold the trendline/vol node above 60k. If we break 60k, we'll...
Here's a look at Thorchain, ticker $Rune This looks like it an incomplete wave 2, having completed the X leg after getting rejected below the 88.7% fib. The corrective fib (multi color) and the impulsive fib (orange) line up between 1.60 and 1.20. This matches up with an Inside pitchfork, on the 2nd S.dev (standard deviation) line...the pitchfork isn't shown here...
Testing out the alligator pattern and 2 pitchforks plus wave theory price has held the broadening trend lines better than the pitchfork and EW counts. Expecting a top at the 1.618 + upper trendline convergence ($173) the morning after earnings.
Here is a count for FB starting at IPO. I've thrown in an andrews pitchfork to determine confluence as well as fib time analysis to see what shows up. Some interesting results for sure. Basically im expecting FB to climb to 350ish by EoY for the B leg of w4. It should then spend the next few months heading down to 260 for its w4 target. This level shows a lot of...
This is just to keep track of the movement. Its so i dont forget what i was thinking in a few weeks Looks like we might see a last push to 450 before dropping back down.
If AMC holds above 31 (28.80 invalidates) and reverses to the upside, we could see a wave 3 of wave 5 which could take us to $87 There has been some put selling for Dec 17, $60 puts according to unusual whales options flow data. A break below 28.80 would mean its headed to at least 24 if not a little lower.
This is one that i've been watching for a while now. Im going to look at this price action using 3 different methods: Elliot Waves, Pitchforks, and Volume Profile (with some anchored VWAP and MA action) Based on the EW analysis, we are in an intermediate wave 3 (yellow) of primary wave 3 (green) of cycle wave 3 (white), giving us a triple nest. If you look at...
Just a quick count to keep track of this name. Not personally trading this, but looking for a reversal around $30. Would be worth picking up between 24-26 with a stop loss below $22.65
This analysis assumes that the May 17 and June 21 lows, which break the wave 1 high from Jan 8, 2018 (not allowed according to EW principles) is in fact a wave 4 bottom, and we are currently in a wave 5. The Fib targets for the cycle W5 are around 6k-7k (the -0.146 and -0.382). On the lower degree (orange count) we appear to have completed a wave 4, and are now...
This is just a note to myself so i can look back at the end of 2022 and see if price followed this count.
This is a hyper bullish count, but considering what this name has done recently and the massive increase in guidance from management, this is far from impossible. 1) Either we have completed a primary 5 wave structure, giving us wave 1 of the cycle around 300 (in yellow) and will now begin a cycle wave 2 that could take us to between 84-135, before a wave 3...
Here is a quick look at BB on TSX. Over all, its looking like a triple nest, that's approaching the downtrend line from the Jan 27th and June 3rd highs. We're about a month away from crossing it if we stay in this prize zone, but with earnings coming up next week, we could see some action if the numbers are positive. I don't like to think of this as a meme...
Prime setup for $ARKG as we hit the midway point of Bloody September, the worst month for returns. We've already seen several pullbacks, and with quad witching coming on Sept 17, we're bound to see some volatility. I fully expect ARKG to fall a little further as the broader market bleeds, but come the quad witching hour, you'll start to see the tides shifting....
This is the short term view of Apple. Currently within wave 4 (green) of wave 3 (blue) of wave 5 (white) im expecting a bounce this week to 155 before a trace for leg C to finish the green wave 4 around 148. From there 165 is the target, likely by late Nov to mid Dec. Keep in mind that Sept 17 and Dec 17 are quad witching days. I may look to play Nov or Dec...
22.30-11.50 would be a good entry for both shares and long dated calls.
It looks like wave 2 has not completed yet. If we get a bounce and rejection off of the DTL and PoC line, and break the support around 82, we could see a completion of wave 2 around 75-76 followed by wave 3 to 110+