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WTI Oil - New Highs to Come?It is incredibly difficult to analyse this commodity fundamentally so let's see what technical analysis may suggest? Technical Analysis (Elliott Waves): Since the sharp fall of March 2020 it is likely that we are observing the development of a global zig-zag ABC Five waves of the first impulse A completed in July 2021 Wave B took shape of a complex Running Correction WXY finishing in November 2021 And since then we can see formation of another impulse in wave C Waves 1 to 3 of this impulse culminating in March 2022 are quite clear which have been followed by a flat correction in the shape of Double Threes WXY The crux of the analysis is developing right now when the price started moving in a very choppy way The previous scenario still stands and it is very likely that we are observing development of an Ending Diagonal in wave 5 (see educational post below about the structure of this wave) Waves 1-3 have formed and we can expect correction of wave 4 to last at least until end of June / fist week of July to the level of $103, followed by the last zigzag to top the high of $129 This is quite complex scenario so it needs to be monitored against all the rules of Ending Diagonal. What do you think about WTI Oil and its short term prospects? Also let me know if you would like to see other stocks, indices, Forex or Crypto analysed using Elliott Waves. Thanks Educational post on Ending Diagonal
TVC:USOILLong
by vitalalyt
1
SPX - Panic is Not Over - How Much Deeper?Following disappointing CPI figures the market is still in the Risk-Off mode and S&P500 is in the panic sell off. Has it found the bottom yet or can it still fall even further? Technical Analysis (Elliott Waves): With no signs of correction reversal, previous scenario where a five wave impulse was developing since March 2020 fall - is most likely invalidated now The scenario proposed in this idea suggests that we are observing the development of a global Ending Diagonal (see below educational post for more details) since the Great Financial crisis of 2008 The fist impulse shaped by a zig-zag completed in September 2018 followed by the second wave formed by an Extended Flat and completing in March 2020 Third wave which culminated in January 2022 was also a rapid zig-zag fuelled by the hype and the Fed's stimulating monetary policy In the case of an Ending Diagonal the retracement of wave 4 is usually in the range of 0.786x of wave 3 and breaking the high of wave 1 hence we can expect the correction to reach the level of approximately $2700 Another guideline that needs to be taken into account is that duration of wave 4 is often longer than wave 2 so we can expect it to stretch into June 2024 (using Fib-Time) Hence the current correction may be just the first part (as wave W) of the overall complex shape of wave 4, and given the sharp and rapid movement, it is likely that we are observing a series of triple zig-zags, which fits into Regression Channel and may find support in the region of $3200 - $3300 Once the first part of wave 4 is over we may see a lengthy upward movement to the level of $4150 in wave X - 'dead cats bounce' so to speak And to finish the overall wave 4 another rapid drop in wave Y Fundamental indicators: : US Consumer Confidence - in the all time low US CPI - no signs of reversal and jumped to 8.5% in May US Jobless Claims - rising again since March 2022 US Interest Rate - raised by 0.75 to 1.75% Following the latest hawkish Fed decision and the speech of Jerome Powell it was made for all to believe that it is still in control and got all the tools needed to fight inflation. This was conveyed through the plan to continue rising rates to 4% up until 2024. However, markets do not believe - 1) in the long sustainability of inflation as it is not monetary in nature but impacted by supply shock and 2) that rates are going to keep rising until 2024. All this is visible by analysing Eurodollar Futures Curve (curtesy of Alhambra Investments research and specifically Jeff Snider). The latest curve shows rapid growth of Libor rate to 4% until December 2022, followed by flattening in March 2023 and inversion all the way into 2026. This means that global financial market is expecting worsening of the economic conditions and reduction of rates sometime in the beginning of 2023. And if this happens as per the market expectations, S&P500 is most likely going to enjoy the loosening of Fed restrictive monetary policy as reflected in the graph of the proposed scenario and start of bull run albeit a very short one. What do you think about S&P500 and its prospects? Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves. Thanks Educational post on the theory of Ending Diagonals:
SP:SPXShort
by vitalalyt
Total Crypto Market UPDATE Trend correction all crypto and bithe general trend of most cryptocurrencies is to fall, and if bitcoin does not finish its correction, we have a fal Be sure to stick to Stop Lost and TAkE Profit. This is an idea and not a bargain offer This is just idea, not trading advice, use at own risk. reasons: It is recommended to buy in this price limit It is mandatory to pay attention to the stop loss and the target marked on the chart Do not be greedy and adhere to the specified principles. I hope you will be profitable Note that there is no 100% analysis and it is possible to stop flirting This is a personal analysis and you should not enter into a transaction without review If you know this, make a purchase Be sure to adhere to the principles of capital management and do not invest more than 2% of your capital in each transaction. High-risk individuals can enter a maximum of 5% of risk capital in this transaction by accepting risk-taking. . Also, the principles of priceaction have been used. l
CRYPTOCAP:TOTALShort
by Sina-TFX
Potential Bull Run in Bitcoin, Elliott Wave AnalysisBitcoin outlook: We are tracking an ABC flat correction that is nearing completion. We are currently in wave 5 of (C). We are watching for a small bounce, then one last push down to an area of Fibonacci confluence around the $20,000 - $24,00 area. We expect price to reverse at that level, beginning the final bull wave of the larger term wave sequence. We focus on trading education and wave analysis to build a foundation of skills that give our clients the edge. We trade Crypto, Forex (FX), and equities. We keep our analysis simple, clear, and easy to execute. Comment below if you would like to see more trade ideas, Elliott wave analysis, and market updates
COINBASE:BTCUSDLong
by ImreSG
2
Allstate Corporation - 25% Shorting Opportunity?Following the crash in 2008 Allstate has enjoyed explosive rally with circa 800% gains. Is is over and are we observing a global correction? Fundamental indicators: Revenue and Profits - demonstrated consistent long-term earnings growth over the past 10 years Profit margin - quite low with 7% margin P/E - good value with 10x ratio Liabilities - debt to equity is considered to be high with 3.19 Technical Analysis (Elliott Waves): Since 2008 fall we can observe a rapid impulse like movement with waves 1-2 completing in October 2011 followed by a clear wave 3 culminating in February 2020 A sharp drop in 2020 has created a first wave of a global correction in wave 4 which is currently taking shape of a Running Flat It is likely that the high of April 2022 has completed wave B of a zigzag and since then wave 1 and 2 have already been formed in the upcoming impulse of wave C The target of wave C and is in the range of $90-$95 What do you think about Allstate and its short term prospects? Also let me know if you would like to see other stocks, indices, Forex or Crypto analysed using Elliott Waves . Thanks
NYSE:ALLShort
by vitalalyt
Trimble Inc - 45% Shorting Potential?Given the latest jitter in the US market, increasing risk of recession and slow down of the economy can global software, hardware, and services technology company like Trimble Inc go even deeper into a correction? Fundamental indicators: Revenue and Profits - demonstrated consistent long-term earnings growth over the past 10 years but with a sign of a slow down in 2021 Profit margin - decent 13.6% margin in 2021 P/E - 34x quite high considering average fundamentals and growth rate Liabilities - no problems with debt Technical Analysis (Elliott Waves): Having analysed the whole historic data of the company it is clear that we are currently observing fifth wave developing, which takes a more complex shape of an Ending Diagonal The first wave of this diagonal completed in July 2019 with a zigzag followed by wave 2 with a deep retracement which is typical for Ending Diagonals Since then we have observed completion of a clear impulse in wave A of a zigzag culminating in August 2021 followed by a correction in wave B Given the sharp nature of this correction and clear structure shaped by zigzags, it is very likely that WXYXZ is forming and we can expect another deep retracement potentially with up to 0.786 to wave A, hence the furthest target to $36 What do you think about Trimble and its short term prospects? Also let me know if you would like to see other stocks, indices, Forex or Crypto analysed using Elliott Waves. Thanks
NASDAQ:TRMBShort
by vitalalyt
USOIL - Watch for short term leg higerGood morning everyone, USOIL has been consolidating downwards but the sharpness of the move up is way higher than that of the movement since yesterday morning. Therefore, watch for retest of the top @119. Be careful as the market has gone very far very fast and this is a short-term trade. Keep your stops tight at around 115,5. Wish you all the best trades, PTFX Disclaimer: This post does not provide any kind of financial advice. It is for educational purposes only and solely supported by my understanding of the technical figure based on wave theory.
CAPITALCOM:OIL_CRUDELong
by PureTradingFX
The Characteristics of Corrective StructuresHi fellow traders, I would like to share with you all the characteristics of the most important structures when it comes to trading waves. When reading all the rules and guidelines of the Elliott Wave Principle it might be a little overwhelming and complicated for most traders. At least to me it was when I just started learning. For that reason I've tried to put it more in perspective by drawing all the patterns and making it more visual for everyone to understand. The notes are all included on the chart and I hope it helps you during your trading sessions. If there are any questions please feel free to comment, ~ OGwavetrader Follow our Tradingview account for more technical analysis updates Like, share and comment your thoughts.
Education
by OGwavetrader
9
BTC time Cycle Anylsis. Here is The Time Cycle of BTC. And According to my my New Study on Time Cycle BTC Respect Perfectly Time Cycle. It Means If We Have Confirmed the Lower High.(There are 4 Candels after LH). Then now We Are Going To Print On Chart Lower Low Or Higher Low. In Simple Words IF we Stay down From 32405 next Days. And The Next Date When We have The Next LL or LH. Is Between 06.06.2022 and 08.06.2022. And Just after that we can See The Movement to up Side. So if BTC dont Cross 32405 up. Then New Lower High Can make Above 25420. And If It Cross down Then the Next Level is 18270 according to Last Move. And If BTC cross Next Week 32405 up side. Then this Scenario will Be Invalidate. And We Go To Make an Higher High. And That will Be On The Fibbonacci Level 38. Lets See….. I am Not A Financial Adviser. And This Is not A Financial Advice. And All Cherts Are Just My Study. So Please Do Your Own Search before open Any Trade. Aprox. All Crypto Currencies are Correlated to BTC . So If There is a Big Dump in BTC . All alt coin go down with it. Without Respecting any Technical Analysis If You Like My Work Just Come and Join Me. Not A Financial Advice
INDEX:BTCUSD
by MoonTradingForecast
Brent Oil - Mid Term Roller CoasterIt is near impossible to following all the developments in the geopolitics and try to forecast the price of Oil but what does technical analysis suggest? Technical Analysis (Elliott Waves): Since the sharp fall of March 2020 it is likely that we are observing the development of a zig-zag ABC Five waves of the first impulse A completed in July 2021 Wave B took shape of a complex Running Correction WXY finishing in November 2021 And since then we can see formation of another impulse in wave C Waves 1 to 3 of this impulse culminating in March 2022 are quite clear which have been followed by a contracting triangle The crux of the analysis is developing right now when the price started moving in a very choppy way There are two alternatives in this scenario - (1) wave 4 of C has not completed yet, but then it becomes too lengthy and disproportional to the whole wave, (2) wave 5 is created by an Ending Diagonal with 3-3-3-3-3 structure The preferred scenario is the latter where waves 1-3 have formed and we can expect correction of wave 4 to last at least until end of June, followed by the last zigzag to top the high of $138 This is quite complex scenario so it needs to be monitored against all the rules of Ending Diagonal which can also find the Educational post below. What do you think about Brent Oil and its short term prospects? Also let me know if you would like to see other stocks, indices, Forex or Crypto analysed using Elliott Waves. Thanks Educational post on Ending Diagonal
TVC:UKOILLong
by vitalalyt
5
SPX - Is Correction Over - Early Christmas Discounts?Volatility has considerably increased in S&P500 as investors are feeling nervous about sky-rocketing inflation, geopolitical risks, the slow down of the economy and even possibility of global recession which US is not immune to. Is it time to buy companies with good fundamentals with the current 20% drop? Fundamental indicators: : US Consumer Confidence - bounced from the low of March 2022 but still at the lowest levels since 2011 US Consumer Credit- at the highest since 2011, a positive sign, however, this can also be accredited to sharp rise in costs, hence people are spending more and getting less in return than in 2011 US Industrial Production - also at its historic peak US Jobless Claims - dropped to pre-pandemic levels US CPI - slowed down with 8.3% compared to 8.5% in March, however, higher than expected by the markets S&P500 P/E - at 19.8 ratio, lowest since December 2018 Technical Analysis (Elliott Waves): Sharp fall in March 2020 has completed two year correction which has been formed in the shape of expanding triangle, a rare type of correction but usually followed by the rapid impulse Since then there was an explosive growth in the final impulse and it is likely that waves 1 to 3 have already been completed and wave 4 is currently forming Alternative scenario may suggest that the whole impulse have already completed and we are observing the global correction. However, fundamentally there was no trigger yet to collapse the markets - although US economy is struggling, it is not in recession just yet With the current bounce wave 4 doesn't look to be completed and this scenario suggests that there will be an upward move to the area of $4380 to complete wave X of wave 4 Using Fibonacci retracement we can see that 0.5 level of wave 3 has already been passed and it is likely that wave 4 will end at the level of 0.618, i.e. around $3880 The completion of wave 4 will be followed by impulse or ending Diagonal in wave 5 to update the historic high What do you think about S&P500 and its prospects? Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves . Thanks PS this is an update to the idea proposed previously
SP:SPXLong
by vitalalyt
2
SPX - Panic Over, Time to Buy the Dip?Volatility has considerably increased in S&P500 and remains to be high due to uncertainties in the the US economy, sky-rocketing inflation and geopolitical risks. Is it time to buy the companies with good fundamentals after a sell off and what looks to be a good bounce? Fundamental indicators: US GDP - annualized change is lower than expected with -1.5% US Consumer Confidence - keeps dropping and getting closer to the pre financial crisis levels of 2008 US Consumer Credit- at the highest since 2011, a positive sign, however, this can also be accredited to sharp rise in costs, hence people are spending more and getting less in return than in 2011 US Industrial Production - also at its historic peak US Jobless Claims - lower than expected this month and at the pre-pandemic levels US CPI - slowed down in April with 8.3% compared to 8.5% in March, awaiting CPE figures S&P500 P/E - at 19.8 ratio, lowest since December 2018 Technical Analysis (Elliott Waves): Sharp fall in March 2020 has completed two year correction which has been formed in the shape of expanding triangle, a rare type of correction but usually followed by the rapid impulse Since then there was an explosive growth in the final impulse and it is likely that waves 1 to 3 have already been completed and wave 4 is currently forming With the current bounce, wave 4 doesn't look to be completed and this scenario suggests that there will be an upward move to the area of $4300-$4350 to complete wave X of wave 4 Using Fibonacci retracement we can see that 0.618 level of wave 3 has already been passed and it is likely that wave 4 will end in the range between $3550 and $3825, but more likely to be closer to the upper level The completion of wave 4 will be followed by impulse or an Ending Diagonal in wave 5 to update the historic high Given the mixed fundamentals what do you think about S&P500 and its prospects? Also let me know if you would like to see other stocks, indices, Forex or Crypto analysed using Elliott Waves. Thanks PS this is an update to the idea proposed previously
SP:SPXLong
by vitalalyt
12
BTCUSD WAVE AND TREND ANALYSISBe sure to stick to Stop Lost and TAkE Profit. This is an idea and not a bargain offer This is just idea, not trading advice, use at own risk. reasons: It is recommended to buy in this price limit It is mandatory to pay attention to the stop loss and the target marked on the chart Do not be greedy and adhere to the specified principles. I hope you will be profitable Note that there is no 100% analysis and it is possible to stop flirting This is a personal analysis and you should not enter into a transaction without review If you know this, make a purchase Be sure to adhere to the principles of capital management and do not invest more than 2% of your capital in each transaction. High-risk individuals can enter a maximum of 5% of risk capital in this transaction by accepting risk-taking. This analysis has been analyzed with the classic Elliott topics and neo wave style. Also, the principles of price action have been used.
BITSTAMP:BTCUSDLong
by Sina-TFX
ETHUSD Wave And Trend AnalysisETHUSD Wave And Trend Analysis Be sure to stick to Stop Lost and TAkE Profit. This is an idea and not a bargain offer This is just idea, not trading advice, use at own risk. reasons: It is recommended to buy in this price limit It is mandatory to pay attention to the stop loss and the target marked on the chart Do not be greedy and adhere to the specified principles. I hope you will be profitable Note that there is no 100% analysis and it is possible to stop flirting This is a personal analysis and you should not enter into a transaction without review If you know this, make a purchase Be sure to adhere to the principles of capital management and do not invest more than 2% of your capital in each transaction. High-risk individuals can enter a maximum of 5% of risk capital in this transaction by accepting risk-taking. This analysis has been analyzed with the classic Elliott topics and neo wave style. Also, the principles of price action have been used.
COINBASE:ETHUSDLong
by Sina-TFX
Short Term Bull Run in Bitcoin, Triangle Pattern Shows PotentialTriangles are great patterns to see on a price chart. They are easy to spot, and provide very clear levels for entry and profit taking. We are currently watching for a short term bullish trade opportunity in Bitcoin. The triangle pattern is complete, and price is currently approaching the key level of 30,735 (the level we will use for entry). We are targeting the area where wave (Y) will equal the length of wave (W) (a very common relationship in Elliott Wave theory) around the 34,000 level. Triangles are also fantastic to trade as the pattern provides a clear level to know when your analysis is wrong. In this case, the red line at 28,639 is our threshold. If this level is broken then we know our current triangle interpretation is wrong, and we can reassess as the market gives us more information. At Parallax, we focus on trading education and wave analysis to build a foundation of skills that give our clients the edge. We trade Crypto, Forex (FX), and equities. We keep our analysis simple, clear, and easy to execute. Comment below if you would like to see more trade ideas, Elliott wave analysis, and market updates
COINBASE:BTCUSDLong
by ImreSG
Berkshire Hathaway - Potential 20% Upside?Is the most famous investor in the modern history and his international conglomerate able to update historic highs before US economy spirals into recession? Let's look at it in more detail. Fundamental indicators: Revenue and Profits - demonstrated consistent long-term earnings growth over the past 10 years except 2020 Profit margin - not consistent and varies from 10% to 20%, 2021 was with the highest 28% P/E - 8.4x which is considerably lower than the current S&P500 ratio Liabilities - no problems with debt Technical Analysis (Elliott Waves): Following the correction of March 2020 shares of Berkshire Hathaway have enjoyed similar growth cycle as S&P500 with 120% gains This bull run was formed by an impulse where waves 1 to 4 have been completed and wave 5 is currently developing Wave 4 is clearly identifiable as a lengthy and flat Running Correction that lasted between May and November 2021 The final wave of the impulse is quite choppy with lots of crossings which often indicates the development of an Ending Diagonal pattern with a structure of 3-3-3-3-3 If this is the case then waves 1 to 3 have been established and wave 4 is in the process of completion Once this zigzag-like correction is over we can observe another zigzag to update the historic highs and potential gains for investors of 20% What do you think about Berkshire Hathaway and its short term prospects? Also let me know if you would like to see other stocks, indices, Forex or Crypto analysed using Elliott Waves. Thanks
Editors' picks
NYSE:BRK.BLong
by vitalalyt
47
Berkshire Hathaway - Fall To Continue?Given the latest sell off it looks like the most famous investment conglomerate Berkshire Hathaway is less likely to reach its former highs in the near future. If so, how deep it may fall? Fundamental indicators: Revenue and Profits - demonstrated consistent long-term earnings growth over the past 10 years except 2020 Profit margin - not consistent and varies from 10% to 20%, 2021 was with the highest 28% P/E - 8.4x which is considerably lower than the current S&P500 ratio Liabilities - no problems with debt Technical Analysis (Elliott Waves): Following the sharp drop since March 2022 it is very likely that impulse wave that was developing since March 2020 has completed with an Ending Diagonal as fifth wave If so, then we are observing the development of a new global correction which may be quite deep, in the range of $160-$240, and lengthy depending on the market sentiment and materialisation of recession risks Currently we can see formation of Double Zig-Zag, the first one has completed in wave W. Second zig-zag is in progress with fully formed wave A, wave B to follow to the upside into the region of $325-$340 This correction wave X may last until the next earnings report planned for the beginning of August and if it is not going to reach market expectations the shares may drop further Although fundamentals are quite good at this stage of the market cycle, Berkshire is doing reshuffle of its portfolio which may impact these fundamental indicators. Let's see what the next report is going to tell us. What do you think about Berkshire Hathaway and its short term prospects? Also let me know if you would like to see other stocks, indices, Forex or Crypto analysed using Elliott Waves . Thanks PS this is an update to the previous idea where the scenario suggested another run to update the highs
NYSE:BRK.B
by vitalalyt
7