Wavetheory
VEN Elliot Wave Count Correction PhaseBullish run end seems to coincide with the completion of two impulsive Elliot Wave fractals, entering the ABC correction phase of both.
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Intel Set To Lead Intermediate Bears DownAlthough, harder to identify at first, Intel Corporation is in the process of Grand Supercycle Wave 3. The stock has most likely met a near-term top or will do so no later than tomorrow, January 23. Our short-term target is 40.50 by the end of February. Our Intermediate target is 30.00 by June of 2019. Once the stock reverses up from this 30 mark, the stock should fly high for a while. Finally, the long-term target is 78.00 well out in to the future (2022-2024). As always, the rest of the stats will be up shortly on our site.
Further Analysis Shows A Drop Is Coming For CBIWe have "zoomed" in further and are highly confident Cycle wave 1 has ended for CBI. The stock has met 3 Fibonacci retracement and extension points while creating Cycle wave 1. The stock is set to drop over the next few weeks. Our target is south of 17, most likely around 15. Once this bottom is met, the stock should head to 25 in the next 6-7 months. Full analysis in my other idea and website.
Chicago Bridge and Iron Set To Gain 66% By OctoberChicago Bridge and Iron makes reading Elliott waves easy. Even though the stock has had a rough time of late, it was a natural movement when wave theory is applied. The stock is set to drop 20% over the next month to month and a half. Once the bottom is found, the stock should gain 66% over the next 6-7 months. More is detailed at limitlesslifeskills.
What if BTC is going to 9000? What if it will go to 3500?BTC Wave Count is suggesting that there is a possible Extension in play for Minor C (red) within Minute III (red).
9000 Levels represent 100& Fibs Extensions of Minors A & B (red) and 150-161.8% represent a possible Breach of 9000 Levels which would indicate that there is a major sell-off in play which could reach the 3500 bottom.
Is this realistic? Does it make any sense?
I think so! BTC needs a solid pull-back before moving higher than 40-50K.
Even has potential of topping a 100K this year, is that realistic? Why not!?!
9000 Levels to be watched closely for reactions.
History Repeating Itself on GBPUSDHere we see the same pattern revealing itself as we have seen two times before in the past. 1.47000 is a long way away but it is possible price will keep correctively rising until that area. If we do see price come to that area expect to see a huge move down just like we have seen two times in the past.
ETH headed to new highsMy Elliott Wave Analsysis has ETH in minuette wave (v) of minor wave 3 of intermediate wave (3) of primary wave . Last night I posted targets for minuette wave (iii) , which it hit today. Then we were looking for a 38.2% retracement to the level of subminuette wave iv of (iii) and we got that move as well. From here we should see new highs before another pullback to the area of today's lows in interemdiate wave (4). In other words, expect some intermediate term choppiness for ETH, but new highs along the way until primary wave tops.
EURGBP - Short OpportunityWe are looking for either a trend continuation pattern to continue the sell on EURGBP or we could have another move up for our ultimate Z wave before a fall down to major lows. Don't miss this trade it will continue for some time once it breaks outside of the this corrective pattern.