wivanz

wivanz

It seems that my first interpretation about TAIEX is still active: If the potential corrective pattern is really a Flat(either Expanded or Running), the price of TAIEX should start to accelerate to the downside to complete wave c

wivanz

Here is my last post about the TAIEX: The triangle I labeled is actually a triangle in a smaller degree, the wave 5 I anticipated is actually the 5th wave of wave iii Now TAIEX is forming another running triangle, which should follow a "thrust" to wave v

wivanz Updated 

Ignore the wave count, just focus on the pattern, there is a clear Zigzag with a Triangle wave (b), therefore more upside is expected in Nikkei 225 ( NI225 )

wivanz Updated 

The whole correction is a bit unclear for me, but the entire pattern looks like forming a Zigzag wave 4 The price has reached the level of 0.5, let's see how will the price develop in the following weeks

wivanz Updated 

If this right, Nasdaq ( TVC:IXIC ) will then have a much larger correction in the following months But honestly it's hard to forecast the top

wivanz Updated 

It's a very rare wave pattern, let's wait for the following wave to unfold For the aggressive traders may try to short at the current level, but the risk is high, so the stop level should be very tight

wivanz Updated 

SQ appears to be finished a complete 5 waves sequence And the 5th wave broke through the upper line There should be a larger correction after that

wivanz

ARKK has declined in 5 waves from the top built at 2021/2/16, after bottomed at 2021/3/5, the price trended sideways, and it seems formed a Triangle, therefore I expect there will be further downside to complete a larger degree Zigzag, which will be bottomed at the price range of subwave 2 of (3) since the subwave 1 of (3) appears to be extended But Triangle can...

wivanz Updated 

The DXY seems formed a Leading Diagonal after bottomed at 2021/1/6 with a 3 waves decline (Zigzag) followed by it, therefore expecting another 5 waves going up to complete a larger degree Wave C (or a Wave 3) Now the price has reached the level of 618 of the Leading Diagonal, let's see what will happen in the following weeks

wivanz Updated 

The price of TAIEX has been going up after bottomed at 2020/3/19, and it used 2 months to form a Running Triangle (2021/1/21-2021/3/25), therefore I expect the price is now heading to the last wave According to my point of view, the micro wave 1 and 3 has finished, it will be invalided when the price goes above 17819.78 Furthermore, another "evidence" also...

wivanz

The price of Tesla ( NASDAQ:TSLA ) had been going down in a 5 waves manner, which was followed by a double zigzag correction, implying the next possible move will be another 5 waves decline The only 2 possible patterns which can be formed in 5-3-5 are either an impulse (5-3-5-3-5) or a zigzag (5-3-5) Therefore we can set two targets for this trade (or just...