bamdadsalarieh

bamdadsalarieh

Hi traders, Overview: I want to do a major relabeling to my wave X. Before doing that, let's go back a little bit in my previous updates: August 1st: "exactly as expected, wave (IV) started developing as a flat correction and right now, we are in leg c of (IV). Potential targets for wave (IV) bottom (4065-4080)". Update: If you go and hit the play button...

bamdadsalarieh

Hi traders, Overview: since July 31st, we were expecting the development of a flat or triangle as wave (IV) and considered 4065 as a potential target. Update: wave (IV) is developing as a flat and so far we have completed legs a and b of (IV), where wave b was also a flat. Right now, we are in leg c of (IV).

bamdadsalarieh

Hi traders, Overview: the best thing to say on this update is a sentence of my yesterday's idea: "I see wave (III) of c of X completed. Now, we should head lower to complete wave (IV) of c of X and then final push to complete wave X. Since wave (II) of c of X has been a deep zigzag correction, wave (IV) is most probably a shallow flat/triangle type of...

bamdadsalarieh

Hi traders, Overview: lets refer to my update of July 29th: "considering the current strength, I am now considering that right now we are in wave (III) of c. Wave a and b of (III) have been completed and currently we are completing wave 3 of c of (III)." Update: we don't need much update to the hourly count. I see wave (III) of c of X completed. Now, we...

bamdadsalarieh

Hi everyone, Overview: same as AMD, NVDA has been on exact track of our previous weekend expectations. Update: I am doing a bit of relabeling on NVDA daily count, where I am now considering the current move as wave (b) of y, developed as a flat. Same as AMD and TSLA, I expect a topping candle on Monday August 1st. Lets see the hourly count and come up with...

bamdadsalarieh

Hi everyone, Overview: I can confidently say that AMD followed my published idea of last weekend (generally since July 4th) in every single detail, just hit the play button to confirm (waves (b) and (c) of IV and then wave V). Update: not much update is needed. Same as TSLA idea that I published, I expect Monday Aug 1st to be a topping candle on AMD,...

bamdadsalarieh

Hi everyone, Overview: I started posting weekly TSLA updates on July 3rd. Since then, it has been really tricky to count it. Although we had to do a major relabeling once (from triangle to double zigzag as wave x), we could predict most of the move accurately based on the structure. Update: basically my last published hourly count needs no update, price...

bamdadsalarieh

Hi everyone, Overview: AAPL is still on perfect track of my published expectations since July 3rd. Update: I believe today marked wave x peak. Before going into details of hourly count, lets take a look at the daily chart: today made a doji highwave candle of indecision on high volume, indicating an exhaustion gap. It was also a retest of an important...

bamdadsalarieh

Hi traders, Overview: this week has been really tricky to count. I am not going to review the reasoning again, please refer to my previous analysis. Yesterday, I expected the top of wave X to appear, with some reversal signs at around 4060. However, with this strength caused mainly by aapl and amzn ER, I am doing a major relabeling in wave X. Update: ...

bamdadsalarieh

Hi traders, Overview: yesterday, I published in my count the idea that the market has topped for wave X and we are going for new lows. However, this idea was invalidated today. I believe there were three hints that I could have used to prevent this wrong prediction (not to mention that in such a volatile week of FOMC and earnings, it is definitely tricky to...

bamdadsalarieh

Hi traders, Overview: my bullish count invalidated today, however, it was not surprising to us according to the note I wrote on yesterday's update: "this week is going to be very volatile with all big tech ER and FOMC on Wednesday. If we break the lower black trendline, the count is invalidated and the market has already topped, going for new lows (leg Z). In...

bamdadsalarieh

Hi traders, Overview: lets look at the update published on July 23rd: "I see wave X not completed yet. Looking at the hourly chart, I can see that waves a and b of 5 of c of (V) are completed, with wave c completing in the coming week (market topping for the last major bearish move). Potential targets for wave X top (~4050):" Update: there is no change to my...

bamdadsalarieh

Hi everyone, This is the first post of my weekly updates on NVDA. Since ATH of November 22nd, 2021, we have initiated a correction in the form of a triple zigzag. So far, we have completed the first zigzag (w), the first wave x, and second zigzag (y). Currently, we are near the completion of the second wave x. Lets look at the hourly chart: We can see that...

bamdadsalarieh

Hi everyone, Overview: lets review the update of last weekend: "we were almost perfectly accurate noticing the bottom. As I mentioned in that update, now that we have some part of wave (X) developed, we have an idea of what form of correction is in play. Wave (X) is developing as a double zigzag , with W and X complete. Right now, we are in wave (III) of a of Y...

bamdadsalarieh

Hi everyone, Overview : since July 3rd, aapl has followed my expectations perfectly. Update: we are in wave 4 of c of (y) of x.

bamdadsalarieh

Hi traders, Overview: From July 3rd, we expected tsla to be in a triangle and based on the structure of each leg, we could predict most of the moves accurately. The only thing to note is that on July 21st, we broke out of and invalidated the triangle. Update: I am considering a double zigzag structure for wave IV . Right now, we are in wave IV of (c) of IV .

bamdadsalarieh

Hi traders, Overview: In this weekend review, I am going through a summery of my thinking process/expectations through the past week: July 16th: "Even if my triangle count is invalidated, the other possibility is that wave X is a flat. So, we are in leg c of flat right now, completing its wave 1, and then what follows is wave 2. You can see that in both...

bamdadsalarieh

Hi traders, This is going to be a very short update, since there is not much to change on the count. I see wave X approaching its completion, most probably by end of Monday. We need more subwaves to develop to decide on precise targets for wave X peak, but I am considering the 4040-4060 range for now.