Dunno if this is a small pullback or the start of something more nefarious but i'd be short here rather than long. my .02 cents.
Feeling bearish? Concerned about the thin air up here? Simple chart on what the bearish scenario would be 'expected' to look like. Will it happen? Dunno. Nice setup developing and a solid elliott wave count strongly suggests it.
dunno. BTC sure looks bullish to me and would best with another nice 5 wave structure up into the 75-90K range. HOWEVER, it sure is having trouble with 60K. time will tell..
From an elliott wave perspective QQQ has a high probability setup for a significant correction that is about to unleash a nasty '3rd wave' down. buyer beware..
Two possibilities are my primary now for bitcoin. Bullish, we have topped in a 3rd wave and after a 4th wave correction we will see new highs. Bearish, this latest parabolic move up fractal looks eerily similar to the 2017 move that blasted us to ~20K then almost just as quickly crashed. Repeat in store?
Hello all - I'm coming out of the wood work for a rare chart post. Very simple elliot wave chart - the simpler the better IMO. It appears to this humble chart prognosticator that the odds are increasingly likely we are close to completing a multi-year top in the indices. Buyer beware.
Rarefied air up here very close to multi-year top IMO. Sure, we can grind higher for a few months .. but all you buyers, look at the trajectory of this weekly chart. Do you really think it can keep going straight up for much longer?
4hr elliot wave bullish count im keying on. bullish pattern would ideally have a triangle or flat pattern play out before final leg up.
Two primary counts for GLD that I'm tracking. Both are bullish long term however near term - next 12-18 months - could see continued correction.
Those of you following know that I'm looking for a significant multi-year top in here. Could this be the start of the pullback. Dunno. However, short term at least, there will be some pain for the bulls. Let's see if we can rally for last time for another high after this correction or if that's all she wrote.
Elliot wave count of BTC currently awaiting completion of correction to low $20s. Correction has taken a little longer than initial anticipation however this is common and to be expected. Setup for lower still high probability IMO.
Pretty simple counting BTC off the top. Question is how low we correct to. This can continue to extend to high teens (17-19K) however 22-23 is another logical place for a turn. We'll see.
Simple count. This would be the bullish thesis.
Up front I have no position in TSLA just an interested observer. To my eye, and count, looks like a classic case of a blow-off 5th to end an incredible 3rd wave. Would not want to be long this sucker. As always with bubbles/blow-off 5ths it can keep blowing-off for awhile longer but it's getting very close to a major pullback IMO.
GC/Gold/GLD look to have put in another multi-year top. Expecting pain for the bulls over the next couple years followed by a big multi-year 3rd wave leg much higher.
TSLA, to my eyes and count, appears to be topping in a multi-year 3rd wave. We should have a health 18-24 month correction followed by a final multi-year leg up.
Do we have a multi-year top completed in AMZN? People are keen on the bull pennant (in green) however something more nefarious may be playing out...
I know everyone and their dog believes we are in a bull pennant and are looking for another leg up; however, I present the bearish case. I can make a solid case for AMZN having completed a multi-year run and has begun, in fact, the correction process off that top.