Hi traders, Overview: lets review our expectation published yesterday: "I am now considering wave X as a flat. Waves (I) and (II) have been completed, with wave (III) currently in play. I see wave X reaching the top of the bullish channel (blue lines) as a potential target." Update: there is not much to update as the price action followed our count...
Hi traders, Overview: first of all, my triangle count was invalidated today. However, it was not unexpected in our plan as stated on July 16th review: "please remember the most important point is to catch the daily move in the right direction, while my general perspective has been generally accurate. Even if my triangle count is invalidated, the other...
Hi traders, Overview: lets review my yesterday update: "I am considering the same scenario: triangle as x of X. Leg (d) is near completion, what follows is leg (e) to the 3740 support zone. Then, we will have the rally as wave y of X." and "You can see that in both counts, we expect a pullback to at least 3800 area." Update: today's price action perfectly...
Hi everyone, Overview: lets review my expectation on the update of July 4th: "From this point, I am expecting a rally to retest some portion of (Y) and then the final leg down as another zigzag , wave (Z). We need to wait for wave (X) to develop its initial subwaves to come up with an idea of its potential targets." Update: we were almost perfectly accurate...
Hi everyone, Overview: the exact same scenario that I outlined on aapl on July 3rd update is still in play. Update: so far, we have completed the first zigzag (w) and wave (x). Right now, we are in wave 3 of c of (y) of X.
Hi everyone, Overview: Since July 3rd, I proposed that Tsla is in a triangle as wave IV of leg (C) of flat correction from ATH. Update: Right now we are in leg (d) of this triangle, which is developing as a zigzag.
Hi traders, Overview: In this weekend review, I am going through a summery of my thinking process and analysis since June 17th: June 17th: "I see us completing wave Y (second zigzag ) soon, most probably by end of today. What comes next is another wave X and then the third zigzag , Z to the actual market bottom." June 24th: "We can consider several...
Hi traders, Overview: in my last update, we expected leg (c) of triangle being done and leg (d) started. Update: it seems we were a bit early on the expectation that leg (c) is finished. Yesterday, the market formed the bottom of leg (c) and started leg (d). I see this leg developing as a double or triple zigzag, with the first zigzag (w) completed so far.
Hi traders, Overview: lets review yesterday's update: "Right now, we are in wave (c) of x of X. The price target for wave (c) is the horizontal support area of 3744." Update: the price action matched our expectations perfectly. Today, we saw leg a and b of (d). Tomorrow, I expect leg c of (d) to develop to the 3885 zone.
Hi traders, Overview: yesterday, I proposed a new count/structure for wave X. Lets review: "I think wave x of X is still in process and not yet complete. It is developing as a triangle and its waves (a) and (b) have been completed." Update: today's price action increased the probability of this scenario. Right now, we are in wave (c) of x of X. The price...
Hi traders, Overview: if you followed my previous updates, you know that we are considering the whole 2022 correction as a triple zigzag (WXYXZ), where waves W, X and Y has been completed and we are in second wave X at the moment. Further, since the first X wave was developed as a flat, we expected this wave X to develop as some form of a zigzag. Up to this...
Hi traders, Overview: lets review my expectation on July 3rd update: "currently we are in wave 4 of leg (C). I see wave 4 developing as a triangle, where waves d and e are yet to be completed." Update: I am now making a slight change to my tsla count, where I am considering an ascending triangle developing as wave IV instead of a symmetrical triangle.
Hi traders, Overview: lets review the update of July 3rd and my expectation on that review: "The breakout of the the downward trendline is very important and can happen on Tuesday. I consider the 150 supply zone as a potential target for this wave x, which is also the 0.414 retracement of y." Update: the overall count is still the same. The only change is...
Hi traders, Overview: its been a while that the price action has matched our expectations perfectly. As usual, lets review our expectation on July 7th update: "I see us in III of (a) of y of X. Potential targets for this wave: 3940-3950." Update: I see wave III of (a) of y of X complete and it fell a bit short of the target I set (3922 actual vs 3940...
Hi traders, Overview: Lets review our expectation from July 3rd update: "currently, I see wave y of X in it's early stages of development. For now, I am considering the 4100-4200 range as a target for this wave, which is also the point of control of wave Y". Also yesterday's update: Today's Update: I see us in III of (a) of y of X. Potential targets for...
Hi traders, Overview: lets review the update I published to my previous idea today early morning, which is still in play. There is nothing much to update on this count.
Hi traders, Overview: lets review our expectations in the last few updates: June 17th: "I see us completing wave Y (second zigzag ) soon, most probably by end of today. What comes next is another wave X and then the third zigzag, Z to the actual market bottom." June 24th: "We can consider several different targets for this wave X such as 4170 range or 4300...
Hi traders, In this post, we are going to take a look at the AMD chart. From the all-time-high of Nov. 30th 2021, AMD has completed 2 zigzags as waves (W) and (Y). From this point, I am expecting a rally to retest some portion of (Y) and then the final leg down as another zigzag, wave (Z). We need to wait for wave (X) to develop its initial subwaves to come up...