Hi traders, We are going to take a look at the Tesla chart in this post. From all time high of Nov. 2021, we have developed a giant flat correction, with legs (A) and (B) (also a flat) being completed and 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. A potential target for the...
Hi traders, We are going to take a look at the Apple chart in this post. From Jan. 4 2022 high of 182.94, Apple started a zigzag as the first leg of correction, then had a flat correction for wave X, and on Jun 16th, I believe it completed another zigzag as the second leg of correction. Right now, we are in the process of developing the second wave X. The...
Hi traders, Overview: lets review a note on my Jun 24th update: "Remember, the next wave to develop is wave X, which is a correction inside a correction, so it should be really tricky to count. We can consider several different targets for this wave X such as 4170 range or 4300 range. For now, I am considering it as a zigzag development, but it can be developed...
Hi traders, Overview: lets review our expectation that I published on my June 26th update: "lets look at the hourly chart, where we have completed waves I, II and a of III so far. Same as my ES update, wave b of III is going to retest the broken channel of wave I, probably to the 12000 zone (11974 is 0.333 retracement of wave a)." Today's Update: I see wave...
Hi traders, Overview: lets review our expectation that I published on my June 25th update: "I see wave III being developed, with its wave a near completion. After the completion of waves 4 and 5 of a of III as shown on the hourly chart, we see a pullback to retest the broken channel of wave I as b of III and then continuing higher," and you only need to hit the...
Hi traders, Overview: this is my first post of NQ daily Elliott update series. After careful examination of the structure and ratios between the waves, I am considering the scenario that from Nov. 2021 highs, we have completed a zigzag so far as W. Since May 12th 2022, we have started a complex flat correction as wave X with its B also developed as a flat....
Hi traders, Overview: We concluded that the bottom is in for wave X up. Lets review the Important Note I provided in my previous update: "if this count is actually playing out, following a retest for wave II, we should see a strong bull rally as III of (III) breaking up through the channel" and this is exactly what happened. Today's Update: I see wave III...
Hi traders, Overview: As described in my last analysis, this pullback initiated from June 17th lows took so long and travelled beyond the targets I could consider for subwaves of c of Y. My past two analysis has been both invalidated. I believe what matters in trading is not about being always accurate, but its about not remaining in a wrong direction for...
Hi traders, * Yesterday's published idea: we expected b of (V) being completed and a flush coming to new lows to complete Y. However, there was some mislabeling in my count; it is always tricky to count corrective moves, especially on such a low timeframe. * Now, what do I see? honestly, this corrective move initiated from the most recent low (June 17th) took so...
Hi traders, First, let us look at our count and expectation in the yesterday's update: the expectation was a corrective move up to 3807.5, which happened as expected, only falling a bit short of the final target. Now, what do we expect to happen from this point? I see us beginning wave c of (V) of c of Y, as shown in the hourly chart: What are the targets...
Hi traders, The price action did what I outlined in the update to my last post. Now, 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. The second zigzag Y was also formed in a nice downward channel. 4-hour view: As you can see, we have...
Hi traders, As published in my last update, we were expecting this rally to start leg (c) of flat. Here I share the daily view again for your reference: Now, as shown in this 15min chart, we have completed waves (1), (2), (3), and (4) of A and we will soon complete (5) of A of 1 of (c) of b . I see 3853.25 as a potential target for this wave (5).
Hi traders and followers, Let's first see what was my published analysis yesterday: I expected us to go lower and bottom at 3745.25, and the actual bottom today was 3735.25. My daily perspective is still the same, I only needed to update the hourly count. I mentioned that I expect a flat being developed as wave b of Y. Today, (b) of b was completed as shown...
Daily ES update: On the daily chart, we are in the process of a double zigzag formation from Jan. 2022 highs, with W and X currently being complete. In the Y (abc), leg (a) was completed on May 20th. Now, leg (b) of Y can be already completed (on May 31st), however, because of timing guidelines, I am considering the possibility of having a flat as wave (b). To...
Daily update on ES: Yesterday, I published the idea that wave X is developing as a triangle, where I expected it to break higher. Now, with the price action we saw today, I believe we are having a flat as wave X.
In this post, I am providing Harmonic Elliott wave analysis on CME_MINI:ES1! . On the monthly timeframe we have completed waves 1, 2, and (A) of 3. The correction from Jan. 2022 highs is (B) of 3. So far on the daily chart, we have completed wave W (as a zigzag) and we are in wave X, which is developing as a triple zigzag. The current X wave is a triangle that...
Hello traders, In this post, I have gone through the Harmonic Elliott Wave count on ARKK. It seems it has completed wave A of Y correction and it is now in leg B of Y. We are also at the bottom of the downward channel, with an inverse head & shoulders pattern being formed. I see ARKK going higher to 92ish area (top of the downward channel) and being rejected for...