chart explains my rationale. extended 5th wave saw enormous gains for gold, its time to fall back to earth.
who knows what news will arrive - probably some Geopolitical problem. embargos? who knows, but looks bearish
YEAH. TOOK A WHILE TO MAKE THIS. ~ITS A FRACTAL CHART ANALYSIS OF MY OWN DOING. ~FIBONACCI IN PLAY, EXTENDED 3RD WAVE IN PLAY, AND ELLIOT WAVE COUNTS. www.elliottwave.net // FRACTALS SHOW AND IMPULSE SEQUENCE, FOLLOWED BY A VERY PARTICULAR ELONGATED DOWNWARD POINTING SYMMETRICAL TRIANGLE. --OF COURSE THEY VERY SLIGHTLY FROM WAVE 1 --> WAVE 2 // VS...
VZ has a bullish Inverted Head and Shoulder formation that could potentially see price move as high as $70.00 expect some sideways action next few weeks, with a clear break after. tight stop loss maybe a good idea to practice here, market looks on edge of massive correction.
more on a previous post FAANG stocks are fuct they may make marginally higher highs, but the risk you take entering or staying in these prices is crazy. considering you should be taking profits now, not waiting for the rocket to reach next galaxy.
BULLISH extend 5th? + (possible Right Translated IHS formation) chart for easy viewing chart has it labeled. more info on the inverse head and shoulders formation can be found here stockcharts.com
Are we beading to a huge sell off? Chart says so MACD is down, looks like a double top at ~400 USD mark Initial Target is $200.00 Volume is non-existant, and we can expect a red glow to arrive whenever the sell off begins.
WM short term bear, potential fractal top in process elliott waves illustrate the overall trend to a smaller and larger degree. observe thru end of year.
looking for a target around 8 dollars or so
bearish Fractals of itself, illustrating that this one is MUCH bigger than the previous. Monthly MACD corresponding with Peaks and their subsequent sharp declines. Dates are included to illustrate the significance of the sell off **1987, 200, 2007, 2018 --Interesting to note that all of these peaks have a similar "double top" formation, signaling the...
Expecting a market downturn on many different indices. Looking like we can squeeze out one more higher high MAYBE, but overall its coming down
all the FAANG Stocks are due for a correction, from MAY 2018-AUGUST 2018 you had seen an 80 degree trendline of growth. not sustainable.
LETS keep an eye on this and watch over the next 6months and see if this pattern can confirm
Update to previous chart, looks like we are complete with the ABC? time for the beginning of a new cycle, a wave 3 of 3 could be approaching. LONG bullish
Decision time, either the 4 dollar mark holds up or it pushes further to 3.15-3.50 range
I believe after several long weeks of minimal price movement, BITCOIN will finally create some waves to the upside.