Very long term circle of amazon is about to end. I am expect choppy action going in to the highs with possible bear trap and then drop down eventually.
The structure of wave c became more clear, and the absolute lowest price the pair could reach given the wave count is 1.0689. The green area should be a sweet buy zone.
The walmart stock escape the wave 1 and is in wave 3 right now. The potential wave 3 target should between 92.5-96. See you there in a year or sooner.
Wave C of wave 4 is unfolding as expected earlier. Aggressive long could be built up at around 2.533 and triple the position size around 2.443 if price drop to there.
Bulls should become very cautious on gold near term. Instead of clean bullish picture published earlier, the price action of recent past flashing strong warning signal of a bull trap. The metal is at multi year resistant and the near term pattern going into it has huge potential of bearish reversal. I am expecting a very sharp correction in the near term.
The recent price action suggest very bullish mid term for gold.The exact count near term is unclear here. But long position could be build gradually as indicated. A break out higher is also an aggressive buy. Stop loss should be set as daily close below 1220 spot.
The pair finished five wave up as expected earlier. Right now, the pair is in C wave of the wave 2/B correction. Buy dip at around 1.075/1.067 once a five wave down is complete.
Some consolidation is going to take place at all time high. And then, a sharp drop is expected.
Long term IV wave is about to complete. at around 118.235. Buy spike below wave A low.
B wave has finished. C wave could end at trendline or 50%.
It seems like EUR is in dead cat bounce mode across the board expect for EURJPY. Looks to sell this in the red box, and watch RSI divergence.
Start selling above wave 4 fractal 1.39. add more around 38.2% retracement. It should stop rallying around red trend line.
Buy at the market/or a bit lower, add on more if 1.06912 is reached.
I know it is crazy and hard, but I will still try. 76.69-78.58 is a stacked resistant zone for a iv wave correction. We may or may not finished iii wave. Look for a 5 dollar correction soon.
Tonight is for sure going to be a crazy night just like the election day. I am watching the most liquid market tonight. Nikkei and USDJPY. Watch out for this triangle, scenario 1: equity/usdjpy shot up straight and keeps on rally. scenario 2: crazy volatility shake out both side and the triangle still holds. scenario 3: trump said something really...
Gold finished/almost finished a leading diagonal this week. Looking lower near term, neutral midterm as there might or might not be a wave E. However the long term bullish view is far from being challenged. The low at 1045 is the decade low of gold IMO.
1.The company is clearly overvalued to a certain extent. 2. A lot of short interest on this ticker. 3. The momentum is very high. Given the above three reasons plus Elliott wave analysis, A fake break out wave B is the most likely scenario for TSLA. The market's job is to screw up as many people as possible, both long and short. Sit tight and watch it happens.