yuchaosng

10:51

yuchaosng Updated 

Hello everyone! Over in this video, I analyzed the USDJPY and go through how I counted the waves and go through the lower levels sub-wave counts. I believe that USDJPY has completed a triple combination with the Z wave as a 5-wave structure. I talk about how this final wave might not be ideal and propose how the waves might be viewed in a different perspective....

06:20

yuchaosng Updated 

This is an update to the wave counts for Bitcoin. We are in the final wave 5 of 5 of 3 and the target remains at around $124,632. The stop can be adjusted to around $120,433, below the wave 2 of 5 of 3.

09:03

yuchaosng

Over in this video, I update on the Elliott Wave counts for Bitcoin and explain why I think that Bitcoin is going higher for a wave 5 of 3 of 5. The stop loss will be below the wave 4 and given some leeway, will be around 115,900. There are 2 Take profit targets: 1. 119,251, and 2. 124,632 I made it known that my personal preference is $124,632 but note that...

11:30

yuchaosng

As I explained in this video, I believe that we are currently in a wave 3 of 5 for Bitcoin and we should be breaching new highs as we have an undergoing wave 3. However, take note that the risk-reward is not good to go long. So I would recommend holding if you already have a position but to be very cautious if you are thinking of initiating a new long...

yuchaosng Updated 

Stop loss below 3320. This is where Wave W to Wave Y.

02:41

yuchaosng Updated 

Here I discussed how I came out with the completion of the correction for Gold and explain why it may be a good idea to set the stop loss slightly lower.

08:01

yuchaosng

Over in this video, I did a quick revision on the cycle level Elliott Wave counts for Gold before delving down to the lower timeframes. I discussed the alternate counts for Gold and explained how the latest 5-waves up made me retain what you see as the primary count. Essentially, what is important over here is that the stop loss is $3305 and the potential take...

06:19

yuchaosng Updated 

Based on the Elliott Wave rule that wave 3 is not the shortest wave, I gave a projection on where the peak of both S&P500 and Nasdaq could be. Based on these peaks, the stop is set above and the take profit target is where wave 4 was.

09:08

yuchaosng Updated 

In this video, I explained my change in the Gold Elliott Wave counts on the cycle level (red font numbering) and how I think the Gold price movement will go down in a double combination (because the previous 2 waves are double combinations). I also go through how I set the short target using Fibonacci extensions.

03:07

yuchaosng Updated 

Bitcoin has hit the previous target and even breached lower. Now I believe the time has come to go long again with the stop just below recent low of around $98,500 and the take profit target as the old high of $112,000. Good luck!

yuchaosng Updated 

Hi, a simple reason to short: 61.8% retracement. Stop above 144.44. Thank you.

04:36

yuchaosng Updated 

After a 6-days move up after we have hit our target in the previous analysis, I think Bitcoin has completed what I think to be the Wave B and is already on the Wave C run down. Over in this video, I expressed my personal viewpoint that Bitcoin is not a hedge against the dollar and that it is actually a risk-on/off product more similar to the equities markets like...

07:42

yuchaosng Updated 

In this video, I updated the wave count for S&P500 and discussed 2 different ways of counting it but ended with a bias on a stronger wave 3 down as opposed to a wave 5 of 1 down. The stop loss is above 6016, with 2 take profit targets: 1) 5940 2) 5923 Good luck!

05:58

yuchaosng Updated 

Hi all, As I explained in this video, the previous idea was invalidated because of an issue with "degree" of wave that a fellow watcher of my idea rightly pointed out in the comments section. I did the change on this video and explain the mistake I made in the previous idea. In this video, I also talked about the last wave, how it can still be the peak but on...

01:02

yuchaosng

Ending diagonals completed. Stop above 6040. Take profit at 5744 first.

09:13

yuchaosng Updated 

This is a follow-up to the USDJPY idea that I posted yesterday. I am seeing an inverse H&S setup that is broken as the video is being recorded.

08:42

yuchaosng

Hi all, over here, I presented a cleaned-up chart of the EW counts for S&P500 and gave 2 entry points for shorting. The most important points are here: 1. 5th wave completion (or completing) 2. Ending Diagonal: will follow a sharp move down. Alternatively, you can wait for a breakdown of the lower trendline to short. Good luck!

yuchaosng Updated 

In this idea, I have plotted all the necessary information on the chart itself. But allow me to point them out in words: 1. A resistance zone drawn with a rectangle that shows 5 red down arrows, out of which 4 are historical price rejection points and the last one is an expected rejection point at the top of the resistance zone which will be our short entry. 2. An...