Hi, as to everyone this structure is giving me some problems so i have few counts of what this could be...but, i found some similarities with spx bottoming in 2009. RSI helps a lot with that. Ok, in 2009 it took longer to make this two waves and it retraced 38% and this time only 23% (which is also legitimate) but then it was correction of larger degree so one...
Hi, i think Tesla is finishing triangle with E wave targeting cca 400 after which i expect another impuls that should bring Tesla to 600 usd. If that happens impuls of larger degree should be finished and correction should start.
Hi, there is double inside bar pattern on 4 hour chart that is breaking out higher which (if it will be failure) should lead to breaking out upper bound of downward channel. That would be bullish and could take eurusd to 2020 new high. If you dont have open position i would wait for breaking that channel.
Well with making new high today it is open that spx is trading in extended 5th wave which could lead to ATH. Even if it is over and/or spx is in B wave of triangle (A was september fall), this rise is in 5 waves after which i expect correction during October. That correction could be right shoulder of inverse h&s and because of first 5 waves there could be...
I think that spx must bounce for bull, if spx drop further than i think it is going to 38,2 fibo at 3050 like it did last year. Take a look at my analysis from last week..i expected to bounce from 23% fibo and it did... but it could be bull trap if we drop more..
Whatever the count i am selling half of position...i am still bullish but not as much as yesterday
Well, although i am bullish and think correction is over like i wrote few days ago (see link) and link should rise above 11 usd to confirm that i am showing one possibility that i will keep in mind. There is possibility that link is in c wave of running flat after which larger wave B would end and C wave would start. That could be the case if spx after bouncing...
I think eurusd is finishing wave 4 but even if eurusd is set for a deeper fall (as well as stock market) i think eurusd should bounce to at least 1,17 (and spx to 3400).
We are almost there.....if this fails than we should consider possibility 3 was C
Well, it could be that correction is over....good think is that this move from 7,2 looks impulsive so now we should correct to 9,25-8,5 usd (38,2-61,8 fibo) after which we should have at least 1 more raise up in 5 waves. The problem is that last time at beginning of this month we had 5 waves up from 9,25 low to 13,3 high, corrected to 11 usd and after it came one...
Well, this is not elliott wave count, this numbers are just to point that there are some pattern similarities which could be indicating that we are in A wave of triangle. Wave A could end now or rebund 3-4% for b wave and end at 3050 with c wave at 38,2 fibo after which we could go to new ath in B wave. well, if this is the case than this triangle could last...
I think this bullish count has potential because btc last week rised above 11.100 usd which invalidated 1-4 wave rule so i think there are good chances that drop from 12,5 k to 9,8 was abc correction and we could soon be at 13-14 k or at least 11,5 k if we are still in some complex correction
It could be that correction is over and we made first 5 waves up
What if bottom was after triangle in April at 2 usd? then this could be bottom of wave 4....this is not advice, only possibility
If we are in bull market this could be path. I am not sure if we are in bull...i give it 50% chance at most
I know elliott wave is about alternations but this looks like the same patterns are unfolding.