Take note that this is a weekly chart and thus one should be wary of price. As it is, I do not think that there is much more room to grow for this car maker (see nearest Fibonacci price target). Projection are many times subjective, so let me talk about the risk-reward to this trade as they are less disputable at least on a technical basis: 1. Do you agree that...
Shown in the chart is my count for AAPL. Now, the corrective wave is not very precise and is just an speculation that it is over. I am actually a nice fall here.
M analysis is simple, I think there will be another down leg for Bitcoin. The price is also at a strong support.
Due to the insane move the last few years for supercycle wave 5, wave 1, 2, 3, and 4 looks like a joke. But then if you zoom in to your own chart to that specific period, it will make more sense. For reference only.
As much as I wanted the equity market to fall given that it is starting to feel unbelievable, adhering to Elliott Waves counting remains my primary tool for trading the market. I guessed the Fed is really gonna keep to their words and that i/r will really be kept low. In any case, for those in the know, we know where to look for if Fed is going to raise target...
My previous idea had been calling for a long. However, in recent days I have been closely monitoring the market and getting the feel of it. Somehow, it doesn't feel right. There are a few reasons: On the fundamental side: 1. Record earnings from companies and yet their share prices fell, especially in the tech sector. 2. Record numbers of retails have been...
I can't see a convergence of the target price. But I think that will be more clear when wave 4 has completed. For now, Neutral first.
As much as I want NQ to end, it is not. Seems like there will be a another wave up.
MSFT overshot my initial target by a bit (see previous analysis) but then it is still valid. Throwover at the end of a move is common. Call it "Last Breath of Life". Well, just that it is not elegant. Note that my analysis is bias because I think that AAPL and the general technology market is also going down.
2 reasons: 1. Completed A-B-C correction. 2. Bearish Engulfing Candle.
Yes, the market is on the last leg. I think it will go on a euphoric rise. Just be careful to be very nimble so that you can get out and go short when the turn comes.
What is the chance that MSFT will hit a peak of $256? It's a curious number for people who work in the computer/IT industry. Because 256 = 2^8. 2 being binary and 8 bits = 1 byte. I'm calling this as a short idea even though it is a short-term long and long-term short. What an oxymoron.
Based on my analysis, Bitcoin has hit the top. It is time for it to fall.
This should be the last 2 legs for AAPL before we see a major correction.
I am expecting that the downtrend for precious metals has come to an end. The obvious reasons are stated in the charts. However, let me give a brief explanation. Following are my 2 beliefs on how the precious market works (in relations to the charts): 1. Silver will turn before Gold. 2. Miners, given that they are the commercials and most sensitive and...
I have to admit that this is really not the best form of Elliott Wave counts. But this is one possibility that I think is feasible and is a good risk-reward. There are a few important points that I want to point out in this analysis (I also put two on the chart): 1. Primary Wave 1 = Sub-Wave1 of Primary Wave 5 = Sub-Wave 5 of Primary Wave 5 (I just like...