wavegenius

wavegenius

ending diagonal 5th wave which is the crown jewel of elliott wave bottom formations

wavegenius

If this is the end of a Large triangular zigzag W2 in bitcoin long term, the recent low was a bottom and we'd see a W3 form out o it..one break of 10,000 could mean 45,000-50,000 in a W3

wavegenius

tonite we could see 8000-8500 on a 1.618 move based on this pattern

wavegenius

From the 515 high on Ethereum's 15 min chart it looks like 5 waves down complete.. a break of 480 would setup a reversal back over 510-515 potentially short term

wavegenius

Bought 1000 AAPL at 191.30 on .786 breakout..ABC and 786 breakout just occured

wavegenius

Bitcoin would bottom if it clears 9000-10,000 to the upside on this move. There's a good chance it happen short term.

wavegenius Updated 

From 9800 to 5800 we completed 5 waves down possibly with a truncated 5th wave and reversal. First stop if Bitcoin takes out 7700 would be 8450-8500 or .618 reversal after 5 waves down in a C wave.

wavegenius

If we got W1 from 2600 to about 2800 in SPX and the drop from 2790 to 2680 was a W2, a W3 would target 3000 at 1.618..

wavegenius

W1, W1, W3 setup on 6 month chart of SPx - Best case scenario 3000

wavegenius

W1, W2 cup and handle 2 before 3 which is a very powerful formation for a W3 setup

wavegenius

A wave 3 would take out the 10 day high after breaking 786 yesterday

wavegenius

SPX appears ready to reverse off an A = C zigzag off the highs masterofcharts.com

wavegenius

2095-2100 would be A = C in the zigzag min for SPX..this would be a C wave, but a Wave 3 would target as low as 2050-2060 at 1.618 masterofcharts.com

wavegenius

2146 is the must break level here for SPX..if it's taken out there's a good shot at the top of the B wave at 2162

wavegenius

They’re battling to keep that 2119 level intact this morning and could even spike past the upward 4 level of 2136 shortly..but it’s not going to be easy to prevent any further fade here..