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Wave 4 retraces to 0.236 to 0.382 most commonly. We may be on the start of Wave 5.

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Looks like we're near the completion of Wave 3 if we have not already completed it. Looking for a Wave 4 and then a Wave 5.

targetsir Updated 

It's unclear if the wave structure is complete, but right now it looks like we have an ABC flat on both charts. Interestingly, TSLA looks like it's in a Wave 4 (meaning up afterwards) while NIO is below its initial IPO price. So the question is, do both stocks trend together? So far the similar wave pattern would suggest it.

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Activision is at the 0.5 fib of its entire super cycle, and at the 0.618 fib at of its current retracement. Wave count, it looks like we just put in a 5 wave down, so looking for Wave B up to around the 0.5. Strong bull div and big buys as well.

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Looking like we finished Wave 5, looking for a Wave 2 of the super cycle.

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Wave 5 looks to be in with bearish divergence on 30 minute. Looking for a retracement to 0.5 or 0.618 before starting Wave 3.

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Looking at the current charts, there seems to be the potential for long entry currently at what looks to be a Wave B or Wave 2 of a move up. Either way the stop loss looks to be pretty tight with good risk / reward.

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I don't see any div that would signal a trend change, however we can see the monthly candles coming to a bit of a pause. We're also at a 0.854 retrace and the market sentiment has turned almost entirely bearish. I'd still like to see a retest of the lows followed by a bull div before taking a position but perhaps we are close to a larger bottom.

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$LTC has been exhibiting a strange structure over the last few months. There is now enough data to make an educated guess as to what is going on with the ratio. The key puzzle pieces to this prediction are: 1) We are seeing a corrective combination joined by an ABC. You can see that the recent big bounce was not in 5 waves, but rather 3. 2) The recent bounce...

targetsir Updated 

The setup: $BTC has been in a downtrend that's respected the "Log downtrend line" for the last few months. I believe we are in a Wave 4 ABCDE retracement of a super cycle. On the weekly, we have just established a higher low and are looking for a lower high still. This lower high will happen at a retest of the "Log downtrend line", where it will temporarily fail...

targetsir Updated 

Just like $BTC, $LTC is in a descending or contracting triangle. As with the other count, we want to see that the pivot low holds. The 3 wave structure of each ABCDE leg is the biggest tell. What's interesting about these triangles is that they most often occur either in Wave B or Wave 4 of a larger count. In this case, Wave 4 suggests we still have a large bull...

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All of TradingView's fib tools work on linear scale, even when viewing charts on log scale. If you do popular fib extensions and retracements at log scale, you get THE textbook targets for Elliott Wave. This is not a coincidence, it's not luck or chance. There are big institutional investors out there buying and selling at these levels and these are their...

targetsir Updated 

A few days ago I posted my ABCDE corrections on $BTC and $LTC: While those corrections are still in play, I want to acknowledge the possibility of another count. Triangles most often occur in a Wave 4, but due to the current depth of our retracement, it seems that we likely already had Waves 1-5 in the current cycle. That means the supercycle is looking for a...

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Here is a detailed count for my previous post.

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Now that there is more data on $BTC, I believe with 90% conviction that this is the correction count: either a contracting or descending triangle. The previous pivot at ~$6K must hold.