The chart posted is MCD I now see a nice ABC decline into .618 And wave A down x 1.618 to equal wave C is within 1 I would be Only buying Calls for JAN 2025 and I would look at at or just in the Money to trade this Time is your friend if you buy at or in the money . Best of trades WAVETIMER
The wave structure in oil is a complex formation within a Triangle pattern . The high of 86.2 came within 50 Cents of perfect MATH the last up leg to 95.1 from 63.7 was near perfect .618 of the last leg up and is my trendline .I AM NOW RATHER BEARISH OIL trade out of OIL or in PUTS now stop is rather simple 88.7 Best trades WAVETIMER
Gold chart posted has a rather clear elliot wave formation in my work and cycles are in a major peak stage due 3/11 plus or minus 2.5 days look a final 5 of 5 above 2200 then it will begin a sharp decline into 4/2
Bitcoin cycles have just come into it low we should now be set to see a last major upthrust in wave 5 . This is NOT my top wave count But I must post it now as we have had 3 waves within the triangle and there are fib relationships two of which are .786 So I am giving the be long bitcoin signal again 11 of 13 long trades all 11 have made money
The chart posted is that of my Put/Call model today is the second time we saw this happen in 2024 the last time was JAN /!7 th Low. . Risk now is being SHORT or in PUTS . Next turn date is 4/8/2024 best of trades WAVETIMER !
QQQ chart posted so far we have dropped in a 3 wave decline and to .667 pullback NOT what I like to see but still it is 3 waves down This should market wave B down within the 5th wave diagonal . This should lead to a rather weak rally to just edge out the high at 449.48 and could see 451/452 still But I will not be long calls in QQQ for now . But I have moved...
The chart posted is the IWM since the late oct 2023 low at that time my work and models calle for a 5 wave rally in wave C up since that low we have had more and more talking of an UPSIDE MELTUP and that the place to be loading up long is the IWM with some many talking a gain of 50% and to see 300 . Well I can tell you that has a 2 % chance . We are fast...
The chart posted is that of bitcoin we have had some real issues at the 71600 area and it is .786 area . .I feel the Risk now could be a wave B up so I would Exit Bitcoin market I move to cash
I am now moving to a full 90 to 110 % long PUTS in spy and dia I am waiting to be filled in the QQQ puts at some point today We can see a cycle due 4/8 turn
The chart posted is the RSP index for the SP 500 equal weight index . last week I said it needed to rally still in a 5th up. I am waiting for confirmation of the End of the 5th .It is a 5 wave rally as I said at the oct low major short squeeze . I do see this as the end of wave B just above the 2022 top . This is the bearish wave count.. The Alt would then...
The chart posted is that of APPLE. we have dropped back down to a .382 Area and have formed a Positive Divergence in RSI . and have touched the weekly BB bands . I have now taken a position in dec calls options . I will wait to sell into 185 area ...
I Still rather good as to the rally into 84000 once we break above the .786 at 72100 this next rally should see the end of wave 5 of III
The chart posted is the put/call model I use I am getting another BUY the spy and now QQQ I am now long a 10 % position but based on the model I am moving to a 35 % long dec calls only
The posted was that of the nyse we have now reached the long term trendline . I am of the opinion that based on timing and math we are nearing the end of wave 3 of 5 we should begin an rather nice decline into april and then blowoff to the upper channel into may 11th
I am posting the WEEKLY chart for good reason today at the upper BB bands can still be reached once we break above 5211 . which is 1 x 1.382 we should then run easy to the band top and is 1.5 x 1 to equal wave 3 at 5311 alt is a blowoff thru the bands and could reach 5339 This could all happen this week
We now have a nice 5 waves up just past .618 of the 3 waves drop . We should now see a drop of 50% pullback this maybe the reason stocks rally .Food for though
The chart posted is that of Bitcoin . As you can see the Importance of 58800 and that we rallied to 4.236 into the 72600 area high 73500 and have now pulled back in an ABC decline into fib support 60800 . Since we seem to be traveling within the channel posted I tend to think that the next ??? rally if it stays above 58000 would reach 84500 into APRIL 2nd...
Europe as is the whole world is now setup for a correction of greater than 5% from 3/11 to April 2 nd 4/2 2024 . I am short and long in the money and at the money puts .