


WavesInvesting
EssentialA good earning report can pop the price of TSX:RY to the upper channel line. 3 reasons why? 1. A decisive move about the parallel channels line will signal the end of the correction marked by me on the chart as the abc correction. 2. But if the report is negative or more precisely the market view of the report is negative we could stay in the correction for...
I know it is very brave of me to call a top in NASDAQ:NVDA here with all is going on in AI right now. But I can only analyse what the market is telling me right now. And the market is telling me that a top might be in place. And here are 5 reasons why : 1. Fibonacci golden ratio on a weekly timeframe we are almost there. We see how the golden ratio it's...
Even though briefly NASDAQ:MSFT became the most valuable company in the world based on market cap. From an Elliott point of view we might be on minor wave 5 of intermediate wave (5). After a top a correction always occurs. So be careful out there and look for signals to support this correction. What is your opinion? Up or down from here. Legal Disclaimer:...
Possible false breakout in NASDAQ:META .It is not quite in place because the price is not below the top price from summer. But if we get there below the dotted line on my graph we have a false breakout in Meta. 3 reasons why: RSI Divergence MACD Lines Divergence MACD Histogram Divergence. Even though is not a pure divergence yet, we can compare the power...
Wave of the day.TSLA 1. Elliott Wave Perspective. We are for now in a correction as you can see from the graph above. I have utilized the Kennedy Channeling Technique. As long as the price stays within the parallel lines, we are experiencing a correction. After a correction is done a motive wave always takes place. From a strict count, we could have a 1-2...
Amazing that after 1 year AMEX:SPY closed yesterday at the exact POC-point of control. I expect a correction at this level. 3 Reasons why and 2 reason not to. 1. Close to the lower channel line. 2. I can count 5 waves down even on RSI. 3. We reached point of control level so I expect a bit of a fight from the bulls here. If it smashes this level, expect big...
1. Less Bearish Scenario We have a 1-2 1-2 with the impulse wave 3 down in progress or still to come. The difference between the 2 scenarios is the higher timeframe. In this less bearish scenario, this move down is part of the primary wave C in the correction that started Jan 22. Once is done a new cycle will begin. 2. Bearish scenario In the bearish...
2 Scenarios for SP:SPX here: 1. Bullish Scenario We have an impulse wave up and we are currently in wave 4 correction. and wave 5 up still to unfold. 2. Bearish scenario We are in an ABC correction. We need hard evidence to confirm that the next impulse wave down has begun. The moment that decisively breaks the lower parallel channel we can say that...
CRYPTOCAP:BTC needs to digest the big drop from yesterday. (China worries, Tesla worries) An impulse wave down, for Elliott fans out there, it is followed by a correction. And this is exactly what happened this morning. When the correction is gone expect another impulse wave down. Oracle: - "I am sorry kiddo. I really am. And I hate giving good people bad...
NASDAQ:PYPL Elliott Wave Analysis We clearly have a break-away gap that is pinpointing to wave 3 of 3. So that gap is in fact middle of the impulse wave down. We have completed wave 4 in my opinion and now we are in wave 5. Once wave 5 is done expect for an abc correction up. What do you think? Are you a buyer or a seller here? Legal Disclaimer: The...
Bearish Impulse wave up that finished on 11th November 2021. Followed by an ABC correction. Where wave (A) finished and we now either in correction (B) or we started the wave C of the correction. So even though we can count this minor abc correction in wave (B). it does not mean it is finished. Waves B can take the form of complex corrections wxy. So how...
TSLA - Elliott Wave Analysis There maybe more dramatic Waves out there for Tesla. But for me I had this count since April last year so I am gonna stick with it. I see a WXY correction. And we are now in minute wave iii of minor wave C of intermediate wave (Y). Foron this WXY pattern the most common Fibonacci ratio is equality between W= Y. In our case...
AAPL -Elliott Waves Analysis We are in a double flat complex correction WXY. with Wave (C) of primary Wave Y still to unfold. If this is correct Wave (C) of Y will unfold in an impulse wave down (5 minor waves down) Fibonacci: Waves W = Wave y = 122 What do you think? Legal Disclaimer: The information presented in this analysis is solely for informational...
My take on NVDA from an Elliott Wave perspective. Maybe it will help someone. After clearly an impulse wave down who finished on 13th October 2022 that's intermediate wave (A) we have 2 scenarios: Scenario nr 1: Bearish We have an ABC zigzag pattern finished.Why? We have multiple Fibonacci ratios pointing for a top in NVDA.one of them 1.618multiple for...
If you want a demonstration of the Wave principle in real life look no longer than KRE. It is a textbook example of an impulse wave started on 23 March 20220. Wave almost 61.8% retracement of Wave 1 Extended 3rd wave with a 2.00 multiple of Wave 1 Wave 4 has almost 0.382 retracement of Wave 3. And the most important one: the entire impulse wave is divided...
Sorry Mr Buffett but BAC is going down with all the other financials that I looked up. On February 11th, 2022, Bank of America ( BAC ) completed an impulse wave up that began in December 2011, specifically Intermediate Wave (5) on the graph in light blue. According to the guideline of corrective waves, whenever a five-wave move is complete, a correction occurs...
NYSE:OXY - Elliott wave Analysis Warren Buffet bought OXY in Q1,Q2 and Q3 of 2022. We can't all be Buffets but a a good setup might be in place right now. A clear upward impulse wave starting in October 2020, with an extended third wave that reached its peak on May 31, 2022. Since then, we have been witnessing a period of consolidation in the form of a...
NYSE:DIS wave analysis Starting 8th of March 2021 we have a big impulse wave down (1to 5) finished or almost finished. The interesting part is that Wave 5 has taken the shape of an ending diagonal. An ending diagonal in the words of R.N Elliott is singling "The price has come too far. Expect dramatic reversal ahead." So we need confirmation that the...