wolffarchitecture
PlusSeems to be heading as planned. Extended Profit taking wave 4 between option expiration. Still see another leg higher . Looking 2026, MARCH to MAY next year as a start of a major potential major pull back.
Expect sideways wave 4 to last 4 weeks, volatility, (small positions: sell up, buy dips or do NPOTHING and hold. Basically these types of Wave-4 are where traders loose money from Wave-3.
Great stock great company, just think is time to consolidate, still has some final waves to form top.
I've revised my previous count based on recent price action. I now see a potential minor Wave 4 (of Intermediate Wave 5) forming around the 6,500 level. This could present a reasonable opportunity to take some % profits, (for the cautious or short term traders) though I recommend being prepared to re-enter, as I still believe we are ultimately headed toward the...
looks like we are still moving up (SPX 6,400-6,500) but the risk to a correction is increasing. FOMO phase on meme stock. so still profit to be had
within a 1 or so I expect a Pull back correction (1-2 weeks) than a continuation of Dells bullish momentum , May be an opportunity to add to you position. There no telling exactly how far down a larger scale wave -2 correction may go , ( Best case 105/ Worst case 85 ), . Need to wait and analyze the wave structure as it corrects.
Looks like we are entering a choppy 4-5, 4-5 topping pattern will likely take 1-2 week to play out to a point where we can see the waves more clearly. This is slightly more bullish option.
Seems SPX is nearing profit pivot. expect a few more waves higher. Then a larger 8%-10% correction. will likely hold through or with some profit around 6350-ish. This expected wave-02 correction will likely be the last real opportunity to close any remaining short positions.
Seems Market makers have set up their Options to profit from a flat MARKET Thoughts : ( Please comment you can just type in your number 1 or 2 ) 1) Are the Market being held back from rallying higher ? or 2) Are the Market being held back from Correcting deeper ?
Just lookin at the 30 min. Maybe BTC is bullish and everyone is right, but I tell you right now it looks bearish. Do what you want.
After being provoked by Media Trump needs to prove "He Ain't Chicken" (TACO trade). Expect Choppy correction lower, not "NICE". There's a lesson here, he is the PREZ be nice.
Upon close analysis of BTC corrections, it appears that the price is moving in a series of three-wave structures to the downside. We may currently be near a bottom, possibly completing a WXY corrective pattern. However, there is still the potential for one more up-and-down movement before a breakout to the upside, marking the start of the final Wave 5 toward a new...
Expecting choppy ending diagonal wave 5 up to 6130-6200area. Followed by a larger wave 2 correction at the next higher degree/ set up for the a larger wave 3 wave to new ATH. ( Tax cuts/ rate cuts ). How low will wave 2 go? ( somewhere in the green box most likely). Will we need to monitor its structure going down. Trump will not let market collapse to far...
Expecting the main indices will experience some sideways motions for the next +/- 4 weeks. Top might be between 5,950 and 6,000. This doesn't mean ALL stock will be sideways. *(Defense sector seems very bullish) Ultimately after wave 2 is complete Markets will have a good consolation / launching pad for Wave 3.
Expecting Bullish momentum to dissipate after May 15 options expiration then trade in a profit taking corrective range consolidation before rising higher to new ATH. If you were not able to buy the low be patient 140 may be a good buy as well as an add.
Makers holding this thing up...Long for next 2 weeks then, mid May after options expirations... very cautious. 21,720- 21,800 is pivot where one might want to consider taking profits or trying shorts, sfterwards market could go anywhere
Today the Nasdaq made a Bullish trendline check and breakout to the up-side. Looks to be a sustainable rally. Also the Ichimoku is breaking out on the daily. If you have hedge positions this the potential BULL rally you might need to manage those position through. Seems we are lining up for good news, Bullish narrative: Ukraine mineral deal, May 06-07 interest...