Just to share an update on the Nasdaq 100, and a future price projection.
Currently, I think that we're in Wave C of a ABC flat pattern, and that we're just beginning subwave iii of the larger C wave.
I'm expecting the price to fall below 12k eventually to around 11.6k , and I've denoted the different waves on the chart.
This is supported by...
Just to share a near-term forecast for the Nasdaq 100.
I think that we're in the last sub-wave 5 which I expect to complete around 12.8k . This corresponds to 50-61% applied projection of wave i-iii, and also has significant prior support from recent months.
After this point, I expect the Wave 1 to be completed, and for their to be a bounce to the...
I think we've recently started a C-wave of a zig-zag correction.
My current thinking is that we'll have one more wave down which I expect to reach around 11.8-11.9k.
At this point I would expect there to be support for a short-term bounce afterwards.
If price does significantly break above the upper parallel line this analysis is void,
Though I'm bullish in the mid-term on Bitcoin, it appears there may be a zig-zag pattern being formed - and this could lead to lower short-term prices.
If this is the case, then there is a high probability that we may see price descend below 50k again, and potentially as low as 41k.
This 41k projection has:
1) Fibonacci 38% support
Just to share some key support levels for Bitcoin.
Today we saw a steep sell-off, with prices reaching 24% Fibonacci near 50-51k, and also testing the weekly 9EMA (not shown on chart).
It is possible that this support holds. However, if it does break the next key level to watch for is around 43k. This is supported by the following:
Just to share the latest forecast for the Nasdaq 100.
Price has recently reached the 12.6k target level (which corresponds to 100% of Wave a price projection), and broken through unexpectedly quickly.
The next key resistance levels are between 13.15-13.3k . This corresponds to 150-162% of Wave a, and also the 127% external retracement of Wave A....
Just to share a short-term forecast for BTT coin.
I think we recently completed an A wave correction near the 50% Fibonacci level.
And I expect an increase in price related to the B wave to near 0.01USD, once the grey resistance line is broken.
The analysis is void if support is broken, and ignores coin fundamentals,
For NKN, it seems that a 5 wave uptrend has recently been completed, and that we're now currently in the ABC correction phase.
My expectation is for at least a 50% retracement of the B wave, which would result in the price reaching 0.6.
This would be before a C wave takes place which may retest recent lows,
Just to share an update on the Nasdaq 100.
Based on the prior forecast, the wave 3 is extended but I'd be surprised if it broke above 13.6k resistance.
My expectation is for a back-test around 13.35k to complete wave 4.
Assuming Wave 5 reaches the high probability 61% Fibonacci of Wave 1-3, I would expect an eventual new Nasdaq 100 high at around...
Just an update for the Nasdaq 100.
I have labelled the Elliot Waves based on my interpretation, and updated the b Wave from the previous forecast.
Overall, I'm still expecting price to retrace to at least 13.7k, and think that we're in the midst of the c sub-wave (of the primary B wave).
If the price breaks below support at 12.65k, then this...
Just to share a short-term forecast for Theta Coin.
My expectation is for it to test the 38% Fibonacci Support at around 9.5USD, before rising back above 12USD (50% retracement of Wave A).
This projections excludes any significant changes to Bitcoin, which most alt-coins are heavily correlated to.
I recently published a Tesla projection, and just to share an update.
It seems that the zig-zag pattern is still holding, and I would expect Tesla to increase in price to just below 800USD.
After this point, I expect a sell-off and completion of the C wave most likely to the 100% Fibonacci price projection (or possibly to the 62% price...
Just a quick update.
It still appears that last week's bullish forecast for the Nasdaq 100 is still holding, before this week's open.
Additionally it appears an inverted head and shoulders pattern has been forming*, which is considered a high probability bullish pattern.
My projection is still to reach is 13.7k, but I would turn bearish below...
UWMC is a mortgage company which is frequently mentioned on Wall Street Bets.
It appears there is a Gartley Pattern which is currently taking place, which would leave a target of 12.5-13.0 to be reached before any correction.
If it breaks below the C wave this pattern is invalidated,
Just to share my thoughts for the Nasdaq 100, after the sell-off today and continued trading within the 13.3-12.7k zone.
I think today we have seen the completion of the B wave, and I project a C wave uptrend over the next few weeks.
This is also supported by the B Wave retracing to the 50% Fibonacci level and also completion of the sub-c wave (5...
Just to share an update to the analysis yesterday, where a sell-off was projected based on a completion of a C wave.
Today an ending diagonal pattern appears to be completed, rather than a standard C wave.
If price breaks out of the upper channel of the diagonal with MACD confirmation after FOMC news later today , then there is a good...
Just to share my current thinking for the Nasdaq 100.
Since it formed a bottom at 12.3k, there appears to be a 5 wave ABC pattern with an expanding flat correction currently taking place.
The B wave correction I expect to complete at around 13.2k (124% of Wave A), while additionally there is significant resistance at 13.3k from previous price...
Just to share my expectations for Tesla over the next few months.
This is based purely on standard technical wave formation, and assuming a ABC zig-zag takes place. It excludes company fundamentals and correlation to the overall stock market.
I think that we've completed a Wave A correction, and currently in the midst of a Wave B which should lead...