Expanding triangle Target: 49.5 In Elliot-Wave theory, triangles have 5 sides and each side is usually subdivided into 3 waves. Analysis valid as long as the channel stays intact. Equities will micro-bottom mid-June before the commencement of the melt-up rally! Earlier analysis: 48.5/49.5 achievable with an extended market correction. Implied volatility...
More downside till mid $5 range before the start of a new uptrend. Double bottom possible post squeeze or straight rip up!
Log target: 48k The dotted red line is adjusted for inflation. The stock market cycles are lengthening. Continued downside till EOM followed by a final melt-up rally that will bring the end of grand wave 5. ETA: Q1 '23.
12K (Wave 1 top) or 11K (200 Week EMA / 50 Month EMA ) micro-target followed by the melt-up rally. Linear local top: 19000 Extension top: 28000 (Extension includes 5 waves within final wave 5 of grand wave 5) *Bullish monthly engulfing candle closing above 19K means the log/extension targets are at play!* ETA: Q1-Q3 2023 80% Bear Market follows - Target: 5150
More downside first to either support line. This move will cool down our indicators. Wave 5 melt-up follows! Bottoms: 2450/2050 followed by Top: 5000/6000! 60-80% bear market comes after!
Rising Wedge + Macro Bearish Divergence = RIP Low ROI is not worth it anyway... The only way bullish is if macro conditions improve and the melt-up rally commences (entails confirmed breakout)!
Top called July 27th, 2021, months prior. No surprises/remorse here! The idea is linked below. Moving forward, Netflix's price action will be choppy and downward facing. ABC correction in progress; B wave recovery expected soon. Bottom of the historical channel - end game. Fundamentally, increased competition will continue the downtrend in subscriptions. Conclusion: Bear!
This version of God View includes Technical Indicators -GANN Fan -Fibonacci -Triple Confirmation Buy/Sell Indicator (Market Liberator - Money Flow Oscillator x WolfPack ID) -RSI Strong support at 18.4K as per both versions!
"Decade of zero returns" for the stock market = Shortening Bear Market for Commodities Price target = $50 Fractal backbone + Room in technicals for such move. Price target was established in June 2021. Time frame pushed up in anticipation of 2023 bear.
2.618 fib Cup 3.618 fib Handle Wolfpack Green wave RSI: Room for overbought + future div 2023 Recession = Safety in Metals Measured Cup & Handle Target 1: $2700 - confluent with 2.618 handle fib! Target 2: $3000 Max extension
Cup and handle pattern = Bullish signal + Fractal backbone support! Target: Upper Trendline. Upper top consolidation --> Room for Equity melt-up rally. ETA: H1 2023. Recession by Q1 '24 at latest.
Upper trendline projected double-top, providing room for equity melt-up rally. Double top = Monthly bearish div --> crash Top 1: 2.15 Top 2: 2 Bear Market Start: H1 2023 Bear Market End: H2 2024
1750 within 4 weeks, followed by melt-up to 3000. 40-60% bear market after. 1.618 Fibonacci will be respected in cycle top. Top H2 '22 / H1 '23. Unfortunately, fundamental supporting research is private.
BABA is currently in Wave 5. I believe BABA Wave 5 will be an ABC correction. With that being said, I expect a relief pump (wave B) to happen which will last for 1-2 weeks before we continue dumping. I have buy orders set for $85/$86 and at worse, $58. $100 support looks weak based on the lower Fibonacci targets. Be diligent with this one! (Side Note: Wave 1 was...
If you've been a follower of my analyses on WISH, you would know that this stock has been following a downward channel in a grand Elliot-wave sequence. We are coming close to the end of the impulse, which would be around $1.27. After, we will get an ABC wave to the upper trend-line. There are two ways of interpreting the chart: 1) The wave that's about to finish...
I see more downside. It's possible for RingCentral to get nuked to solid support line as well If they miss ER for ex.
Elliott wave is done, however, if push comes to shove, targets are labeled. Watch closely for the play! Impulse down is truly possible considering market conditions.
48.5/49.5 achievable with an extended market correction. Implied volatitlity uptrend due to fundamental reasons (Inflation/War). S&P 500 target would equate to 3950-4000 in this projection! NASDAQ: 12K (Wave 1 top) or 11K (200 Week EMA / 50 Month EMA)