Walt Disney formed a big triangle since the top of 2015. The Elliott wave structure suggests that this consolidation is nearly over. The triangle pattern in Elliott Wave theory has a specific definition. One of the requirement is that each leg from (A) to (E) should be composed of three legs. As shown in the chart, all of (A) ~ (E) have nice A-B-C structure....
The Turtles traded liquid futures, but the original turtle rules may be applied to the single stock case. UNH is trying to recover from its January-February fall, but the recent two long signals from the turtle rules have been failed. However, it hit the 55-day max last week and another long signal has been triggered. As this signal is supposedly stronger than...
BTCUSD failed to go above the terminal point initial leg down, 8980, which was labeled as (A), and slided fast afterwards. As its price went below 8204.4, which was previously called (C), the movement since May 5 is confirmed to be impulsive. The alternate wave count in the previous post is more relevant and (A) should be seen as (1), (B) as (2), and (C) as (3)....
After tough correction, BTCUSD made a falling wedge formation as the ending diagonal and started recovery. (more details of this falling wedge was posted on April 13th at www.white6intelligence.com) The recovery was halted in early May and the bitcoin experienced almost 20% drop in USD top-to-bottom so far. Is the rally completely over or Is this correction just...
EURUSD had a small bounce back yesterday. Elliott Wave interpretation shows that this recovery may extend to around 1.2 level. However, this recovery seems just a corrective move against the bigger down trend. EURUSD can go below 1.17 towards next month. Currently, EURUSD is showing quite well defined (1)-(2)-1-2-.. sequence and it is probably in Wave 4 of (3)....
NDX is forming a potential bearish Gartley pattern. B is 0.619 XA (= very close to 0.618 XA) C is 0.805 AB (= very close to 0.786 AB) PRZ is formed based on 3 Fibonacci Targets: 1.41 'BC' projection = 7033.5 0.786 XA = 7001.52 AB = CD = 6960.93 No trade set-up yet, but pretty well defined PRZ to watch for some days to weeks.