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Pitchforks

SPX, big pictureThis count has primary wave 1 peaking in October 2007, wave 2 a zigzag down to March 2009 low, wave 3 peaking in September 2018, wave 4 an expanded flat bottoming in March 2020 (COVID-19 low), and wave 5 peaking in January 2022. This would complete a full impulse from ATL to ATH. After January 2022 (which would be wave 2 of largest degree), I have what looks like an expanded flat, which I project to bottom in the 2750-3250 area. The bottom of the C wave should at least pierce below October 2022 bottom. Count assumes that top of B wave is complete at 5264.85.
SP:SPX
by discobiscuit
ES1!/NQ1! side-by-side comparisonSide-by-side comparison of ES1! and NQ1!. I'm proposing that both have impulse waves down from their ATHs to the lows of last week. Areas in orange ellipses show ES1! holding its low and NQ1! breaking its low. I'm interpreting this as evidence that each bounced off their lows with corrective structures, ES1! with a regular flat and NQ1! with an expanded flat. With this in mind, the impulse waves up that we've had this week would need to be interpreted as part of larger corrective structures. I think odds are better than a coin flip that equities roll over for more lows, with key support for ES1! at 5104.50 and NQ1! at 17668.25.
CME_MINI:ES1!
by discobiscuit
ES1! afternoon updateI think that if one is to interpret the move from 5333.50 to 4963.50 as an impulse wave, this is the best way to do it. Wave 1 of the impulse (orange ellipse) is a contracting leading diagonal. The proposed ES1! impulse wave down correlates nicely with NQ1!'s price action (NQ1! has an expanding leading diagonal in its impulse wave). If the impulse wave from 5333.50 to 4963.50 is correctly identified, then wave 2 appears to be a double-three, with a proposed (c) of Y of 2 at or near completion. Bears would be looking to sell ~5148.50-5192.25. I don't think going long at this moment would be the best idea; bulls should have gone long yesterday. Bulls wanting to get in now are likely waiting for more price action into the 5200-5300 range and looking to buy dips from there. Bears are likely closing long positions and/or entering short now.
CME_MINI:ES1!
by discobiscuit
📈Cardano 2D Long Scenario / It's time for ADA📉BINANCE:ADAUSDT COINBASE:ADAUSD Hello dear traders. ⚡️ In this post I will track the BTCUSDT movements from 11 Apr - 18 Apr. 📈 What to Expect Next? 💡As long as ADA is above the $0.5682 level, the bullish scenario is quite valid. The bullish scenario targets are on the price chart. 🔑Key Insights: 📈If the bulls stabilize the price above the 0.5682 area, the accumulated volume will activate the green scenario. 📉On the other hand, if the price fails to stabilize above the $0.61, second scenario is going to happen.
Long
by CrazyS
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