yuchaosng

yuchaosng

This is an update to my previous Elliott wave counts for 10Y yield. I believed we have completed a wave 2 and is now going into a wave 3. What this means is that if you are trading futures, it is the opposite: short futures (ZN1!).

yuchaosng Updated 

This is how I will count the S&P500 Elliott waves. Entry will be at 5757.5. You can wait to a reversal signal instead also. Stop above the high if that's what you choose. Else, give some space. I'll set the stop nearer to 5800.

yuchaosng Updated 

This idea is complementary to the S&P500 pending short idea. I've labelled the waves slightly differently but it doesn't impact the forecast for it's still the same expectation of a last wave. I purposely left it as a different count as comparison. I would start building a short position around 20300. Stop above purple Fibonacci extension level.

03:29

yuchaosng

I provide an update to the Bitcoin Elliott Wave primary wave counts. Here's a few things to note: 1. Primary Wave 3 = Primary Wave 1. Wave 3 is actually slightly longer than wave 1 but for the purpose of ascertaining whether it extends, we take the position that it did not. 2. Expects Primary Wave 5 extension of at least 1.618x of Primary Wave 1, giving us a...

07:36

yuchaosng

This is an update to the Gold short idea that I posted yesterday. I showed how we can draw another head-and-shoulders and demonstrated how to use Fibonacci extensions set take profit targets.

08:20

yuchaosng

This is the video walkthrough of the Elliott Wave Analysis of Gold that I posted 8 hours earlier. I made an update to the head-and-shoulders in this video and discusses the change in neckline. I also discuss about why I chose to label the waves as they are and how they might have been labelled otherwise. In the end, this is still a short call but with the H&S tilt...

yuchaosng

Over here, I've labelled all the waves breakdown as well as drawing a tilted head-and-shoulders. I believe that we are going into a wave 3 (minute degree) that is supported by the formation of the right shoulder. I expect the neckline to be broken which will then goes down to the first resistance provided by the lower blue trendline. The next resistance in...

yuchaosng

As depicted in this chart, I believe that cocoa is going to go down after finishing a double combination correction up. We should be going down in a C wave. The stop loss is above the double top. Take note that the double top also stop around previous wave 4 end (blue line).

07:48

yuchaosng

This is the Elliott Wave counts for EURUSD. I go through the wave counts from weekly degree then drill down to the 15mins for trading purpose. I suggested 3 entry points as a scaling-in strategy to trade this. Important for this is, as usual, the stop loss.

yuchaosng

There are quite a number of things I don't like about this count, but then as I've mentioned before, I always keep 2 counts and this will serve as a reference for a bearish scenario. In terms of risk-reward, for the purpose of trading, I actually favor this count because the stop loss is clear. Sometimes, I trade the alternate count because the risk is much lower...

07:48

yuchaosng Updated 

Over in this video, I discussed the big picture level for Bitcoin and labelled Cycle level waves. I touched on my wrong calls for shorts of Bitcoin and I also went through the updated bullish wave counts. Big picture wise, I expect Bitcoin to break new high and move to $143,000 as my main price target.

06:34

yuchaosng

I propose that Oil is a good short candidate because of what I am seeing: 1. Rising Wedge 2. Ending Diagonal within the Rising Wedge I propose 3 entry points for shorting but mention that if you are shorting at the top of the trendline, to cater for false breakout, meaning more allowance in your stop. Good luck!

04:44

yuchaosng

In this video, I updated the wave counts for S&P500 and expects a last wave 5 of 5 (thus the long). I uses 2 Fibonacci extensions to project the final target and chose the lower of the target as the TP. Once the target is reached, then we look for a reversal signal before entering short. The target of the short will be the end of sub-wave 4 as illustrated. Good luck!

07:35

yuchaosng

I go though why I think that the alternate count (bullish case) is increasingly likely, and using Russell 2000 as a reference. Using S&P500, I also updated the wave counts down to the minute degree. Remember to keep your risk tight! Good luck!

07:39

yuchaosng Updated 

This idea is recorded during the Asian hours. But it is really just an update to previous calls for a down move in the equities. I touched briefly on the wave counts and discussed on the setting of stops and price targets.

yuchaosng Updated 

Nothing much to say over here as I've already given analysis previously for Bitcoin. Just wave counts update.

01:59

yuchaosng Updated 

As I mentioned, I was wrong in the previous analysis. And this time, I would short again with the stop loss above where I put the end of E wave.

yuchaosng

Instead of the original abc, I've changed to wxy. Given the tendency of markets to do combinations recently, I would put a wide stop. Maybe $1000 above the high.