yuchaosng

yuchaosng

The chart shows how I think the waves have played out for Goog (and Googl). The last 5 waves (in green), is an ending diagonal, which explained the overlapping waves.

yuchaosng

Similar to my Amazon's idea, I believe that META is also going to go up to a Fibonacci extension level of around $651.66 and then start it's decline. It might also be an earnings play where it will announce earnings that exceeds expectations, gapped up, and then sell down.

yuchaosng

From my Elliott Wave counts, I believe that Amazon still have some room to go but it will be the last wave up given that wave 4 turns out to be a triangle too. Take note that while I am bearish overall for the entire market, I think that via financial engineering, US equity markets might still be able to hold up for a while. And this time, Amazon may be the stock...

yuchaosng

I've broken down the wave counts for DXY and now I am expecting the US dollar to fall. The stop loss will be above the high of 110.176 made on 13th Jan 2025.

yuchaosng

MSFT has completed the first intermediate wave 1 of 3 (blue waves) and now with the last 2 reversal candles, I am expecting it to push up in a wave 2 of 3 before coming down again on a wave 3 of 3. The Fibonacci retracement levels are references for where the price may be rejected as it moves up in this wave 2 of 3. The black down arrow is where I think it...

yuchaosng

Nikkei 225 was ranging in an ascending triangle which, by itself, is a bullish setup. However, the odds of this setup breaking up is not high (last I remember, it's about 66% but please don't quote me or ask me to verify). Now we are focused on 2 facts: 1. It has broken down from the lower trendline, and 2. price was rejected at the broken trendline. What this...

yuchaosng

In this chart, I plotted the potential Elliott Wave counts. But I need to point out the few things that I don't like about this count first: 1. Wave 1 down seemed too short to be supporting such a huge triple combination correction. 2. Wave 1 end is not the lowest point. The lowest point being end of first X wave (I can't find a way to force a 5-wave counts such...

yuchaosng

I've purposely kept the risk very tight. The alternate count to this is that the entire correction is done and instead of wave 1 of 3, it's actually a C wave. The other alternate count is that wave 2 of 3 is NOT complete, but then it's too hard to predict wave 2 (can retrace back to start of wave 1 of 3). Thus, I this that by using the current wave 1 end (black...

04:51

yuchaosng

I did a video update on the 4 symbols: 1. S&P 500 2. Nasdaq 3. Bitcoin 4. Microstrategy I believe that we are going to crash on a wave 3 down.

yuchaosng

From the chart you can see that Bitcoin has completed 5-waves on multiple degrees and then we have a first wave down after an ending diagonal. Now my target for it will be $72,000. For this idea, that also means that Microstrategy is going to crash.

yuchaosng

I had previously published a short on S&P on 5th Dec and turns out to be quite a good call. I had delayed Nasdaq short call due to incomplete wave structure. As of yesterday's set up, it looks like we might have seen the peak. The only downside to this analysis is that the last sub-wave 5 is a 1-bar wave. But nevertheless, at the peak, price is more important than time.

yuchaosng

Take note that this is CFD where prices includes non regular trading hours and thus allows for this count (prices using only rth can't have this count as wave 3 is the shortest wave in SPX and SPY). I am attempting a short here as I believe that there is a chance that we are reaching the peak this week and this is as good as any to attempt a low risk short. A 10...

03:00

yuchaosng

I've published a static post on the Bitcoin short idea. This is a short video to talk you through.

yuchaosng

This is a bias idea. I purposely look for a potential way that Bitcoin could have ended and could never reach $100,000. Wave Structure wise, this analysis conforms to all the rules of Elliott Wave so even though it is bias, it is valid structurally. There are 2 things that is not ideal in this wave count: 1. Primary wave 3 (black number) has a truncated 5th...

yuchaosng

This is a follow up to my previous idea to short Nikkei. I've cleaned up the waves so that it does not look so cluttered. Those lower degree wave counts from previous waves are removed. If you are interested to know the breakdown, please see my previous ideas. What I am showing now is that the wave 3 is taking a longer time because it is building crash power and...

yuchaosng Updated 

Based on Elliott Wave Structure, I believe we are seeing the ending of wave C down move for EUR/USD. C wave itself is now on a 5th sub-wave.

yuchaosng Updated 

This is just a reference for people who wants to know what the EW counts for Silver is. Here, note that Silver hasn't reach a down move target. This is very different from Gold which has done a short term bottom.

07:09

yuchaosng

I explain in this video my choice on breaking down the waves into sub-waves and suggests the alternative which will always give us a wave 3 down. For 2nd alternate count, where our main and 1st secondary count is wrong, I suggest that the current correction might drags out before wave 3 resumes.