imdouce

imdouce Aug 23, 2023

As you can see from the peak of the previous cycle until the COVID crash and final flush-out was 27 months. Also notice the previous months of the crash was a failed retest of the logarithmic downtrend line. It took 6 months to retest the line again and 8 months total to break it. This would put the current cycle retesting the trendline in February 24' and then...

imdouce Jun 16, 2022

As you can see, Ethereum's consolidation/correction is a very similar structure to the one in 2016. 2016 had a drawdown of around 72%. Today we went down 79%. Is the bottom in?

imdouce Apr 15, 2021

not a trading strategy, but this is how I am viewing the market right now. This would be completion of a wave 3 of a larger degree. I will be looking at the 35k - 42k zone for end of correction. Wave 5 should still be to come and will get ridiculous.

imdouce Updated  Mar 26, 2021

Guidelines • A corrective 3 waves move labelled as ABC • Subdivision of wave A and B is in 3 waves • Subdivision of wave C is in 5 waves impulse / diagonal • Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double three, triple three • Wave B terminates near the start of wave A • Wave C generally terminates slightly...

imdouce Feb 4, 2021

Apple is looking like it needs a larger scale correction. Reasons for justification: 1. Completion of a 5 wave uptrend without a significant 3 wave correction. 2. Massive bearish divergence on both the MACD and RSI 3. Apple's current high sits at a 600% extension from wave 1 4. Double top pattern Watch for a break of the purple support line. Breaks of MACD and...

imdouce May 26, 2020

Wave B corrected perfectly 85.4% of wave A. Tesla still to complete wave C. Target right now would be 200 Daily MA, but based on the initial strength of the move it could go lower. Wave C's correct from 61.8% - 123.6% of wave A and should be a 5-wave move itself.

imdouce May 21, 2020

I believe our run to 14k in 2019 was wave 1 of the new bull run. We've corrected with a super complicated wave 2 with a descending triangle and expanding triangle then started wave 3. Wave 1 of 3 most likely will correct down to the 38.2 based on prior support, but more importantly. LAST CHANCE FOR CHEAP BITCOIN!

imdouce Mar 18, 2020

This long term log chart clearly shows gold is in a long term channel. the question is, was 2011 a test of the top of the channel and front run'd or not? Either way, if we break the mid channel, gold will not be a safe haven or store of value.

imdouce Updated  Mar 16, 2020

This is my yearly Elliot wave count. As you can see, long term investors have about 10 - 15 years left before the general rule that the stock market always goes up over time will no longer apply.

imdouce Sep 17, 2018

I'm seeing a head and shoulders pattern forming on the weekly. The length of head to base would put the target at around 73.40, which is the support level established from 2009 - 2011. This could play out anywhere from 2 - 6 years.

imdouce Jun 16, 2018

I wouldn't touch the US stock market with a ten foot pole right now.

imdouce Jun 16, 2018

Tron Made almost a perfect Bullish Gartley pattern

imdouce May 9, 2018

- Decreasing Volume - Slowing Momentum - Couldn't break .5 Fib level I see a downtrend after a bounce off the descending triangle resistance down to the .382 Fib lvl 0.15% which will also be the 100 MA on the 4-Day chart and bottom of the rising support. 7,600 going into June is my opinion.