This chart shows the possibility of wave 5 = wave 1. The count between wave 3 and 4 has been tricky. However the ABC (shown here) explains that the all time high on Nov 27 was wave B - not wave 5. So.... If this chart is correct, the low we saw for wave 4 (as labeled) indicates that we are in wave 5 now. Since the smaller waves within wave 5 have already passed...
Updated VIX chart. Here we see the recent Pop off the lows as indicated 2 weeks ago. see the 11.4 low? Was that spike up all that we will see? Seems to be settling down now, right?... Many traders are thinking that the market sell off (small as it was) first week of Dec is finished. However the VIX disagrees. We may see the VIX play out as shown here... lots of...
Remember when we just had to buy BYND? wow was it moving up fast or what? "To infinity and beyond!" Well, we know "Don't chase it- Retrace it!" Right? It's been pulling back very nicely... so where is a good buy target? We have a Bat Harmonic pattern (purple triangles) that gives us a 88.6% retracement target. We also can bring in more micro harmonic patterns...
Wow! this mornings VIX hit 11.4! that completes the ratios we've been looking at. So lets take a closer view of what is going on "under the hood". The long tail reversal candle may be the clue we've been waiting for. The pop up is pulling back in a "springboard " fashion. If this continues to wind up and build energy we could be looking for a nice pop up to start...
Here is the zoomed in view on an hourly chart of the VIX. We are soooooo close to the target! Tonight is an update of the previous charts posted on April 23, 2019 and Nov 12, 2019 about the interesting ratios that VIX has been repeating with smaller and smaller fractals. Today the VIX dropped to a low of 11.7! Our target was 11.6! ... Thinking that was it for the...
Looking for another good place to short AAPL. We really like this area inside the red sell zone.. Let's see if it works. Get ready to short, yet again, the next leg down.
We set up the butterfly pattern and it worked nicely. In fact it filled the highs right near target.... we were actually trying to get an even higher short price for a better risk return but could not get filled up at those additional lofty goals. But glad we did get a lot of fills at first target price.Today finally gave us the TSLA short move we've been waiting...
I know, I know, Apple can do no wrong! Wonderful company, but the stock price is very lofty . The previous mentioned Sell target worked very well we think. Looks like price is giving way now, as it is Above the 39 year trend line shown in red. Prices may come down in a slow choppy manner, and then pick up velocity as other traders begin to see the problem. ...
This doesn't look good! We've been warning for weeks about the market being complacent, over extended. Put call ratios VIX indicators etc. Well here is a simple chart quickly drawn that forecast a serious hit to the markets soon! Not adjusted for time but not far off either. Maybe next trading day or a few. Pi in the face refers to the Pi ratio of 3.1416 that we...
Interesting fractal from April 2019 shown in pink. Then overlayed on top of current market price chart. If this is our market future, we are right near the top and have a huge downside risk in front of us this winter! We are seeing the possibility of one last push higher in the market, but it doesn't have to happen. This adds to our thoughts about a serious...
Our forecast for the PC chart (explained in a previous post earlier) was triggered today! What does this mean? We have had every market sell begin with this trigger identified. Please look at this chart or the one posted last week and play with the advance chart key to watch the action as the PC ratio helps us identify the Market top > we may have seen the top...
For your enjoyment. TSLA looks to break higher to the sell zone . This retracement could be a fast news driven Spike also. But we're getting ready for the short! Notice the close price zones of the harmonics, Shark, and butterfly. Lets see what happens! The big red line looks to be the B wave up from the sell off last year. Lets see what happens at the old highs.
X- Now lets put some basic lines on our chart. Looks a bit different now doesn't it? Does it seem clearer? Hope it helps. Now we see that good ole' US Steel (X) can actually surprise traders! The recommendation about buying X on the trend line months ago, certainly looks to be holding nicely. In fact we've had a very nice little pop as shown. But what about our...
Now we are using the correct way to use our stock analysis. We are using the Trading view features of Dividend adjusted Log charts. We now can see that this stock has some strength building inside of it. After decades of Doom and gloom. It is surprisingly easy to see this with the correct charts! Do you see the higher low on the recent weekly bounce? Let's now...
Many traders and investors see a stock like this and have no interest in a "flatline" dead stock. However the problem is using the wrong chart set ups. This is probably how you have your charts set up on Trading view now. After looking at this chart go to the next chart labeled X - This Stock Looks Dead Part 2
This chart is a 4 hour candle of the PC (put/calls) that is in Tradingview. It is a bit different than the cboe put/call ratios chart we are familiar with. However with this PC indicator, we can look at the whole market of stocks. We can expect a change in the market direction - ahead of time! Take a minute or two and really observe how this PC chart is a...
Looking at the ES , we could have the last 5 wave pattern up. Getting really crowded at the gray zone. If the es starts up towards the wave 5 by the morning open,we could see the SPX gap up and then Crap down. Very dangerous near these highs! Time to sell the longs and get ready to short. Megaphone pattern says we are "there" near the top now. Lets not get greedy...
Try again , my friend! Shark patterns have 88.6% retracement back (up) to sell target. It could retrace 112.8% which would be a bit higher than the all time high, but may not get filled at that higher level. So let's try again for the low risk area as shown.