spx is about to ath.read the title one more time 🔺
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hello, my name's elo - and i make pretty wild predictions in the markets.
very few know who i am, and i prefer it to remain this way.
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>i'm predicting that es1! will hit ath within the next few months.
>before drippin' back down to the covid lows.
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this isn't financial advice or anything,
literally just art.
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long 3850~3800
2% - stop
tp - 4817.00
✌
Wolfe Wave
IBM ... Small bumps ahead ?Since mid-October IBM has produced a nearly 35% gain
This would appear to have traced out a bullish impulse wave (1-2-3-4-5)
It has also created a possible Wolfe Wave top with a short term downside target of $143-$144.
Additionally one could envision two harmonic patterns in development.
In the shorter term which a Gartley pattern supports the WW thesis.
The longer term a Bat pattern supports the 1/3 retracement scenario of the October move.
With an eye on the Fed's actions next week and broader equity markets I would be looking to sell IBM price strength with a tight stop should be breach recent highs.
I will follow up if I feel a short position is warranted.
As usual this is not investment advice, so do your own due diligence.
S.
fifth wave to downside or upside move depend on 83$ breakwe may see fifth wave to downside or upside move depending on 83$ break.
The good news for crude oil bulls is coming out of China. The potential for increased demand is there, but the country needs to do more to curb restrictions before it will show up in the economic data. Some analysts suggest some curbs will last until March. So demand may bottom, but we may not see a significant increase for six months.
The decision not to cut production by OPEC+ was no surprise. The group is probably waiting to see the impact of the Russian ban before they make a decision to cut or not cut at its Feb 1 meeting. There is still a lot of confusion as to how it is going to work and if it is going to work. If prices drop too far, OPEC+ will be there to prop them up.
On Friday, G7 nations and Australia agreed on a $60 per barrel price cap on Russian seaborne crude oil. According to Reuters, many analysts and OPEC ministers have said the price cap is confusing and probably inefficient as Moscow has been selling most of its oil to countries like China and India, which have refused to condemn the war in Ukraine.
The European Union will need to replace Russian crude with oil from the Middle East, West Africa and the United States, which should put a floor under oil prices at least in the near term.
Additionally, the end of the U.S. Strategic Petroleum Releases (SPR) is also providing support.
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es 11-30 update 🗝good evening my peoples,
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it was exactly 22 days ago when i gave you that 4130 level.
lot of bears ignored my post, and got squeezed out today for a significant loss.
i pour this aapl juice out for you, my dearest bear frens.
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as of today, i'm starting to entertain the possibility of es seeing yet again, Another expansion.
sounds kinda wild i know, but that's what happens when everyone tries to short the market.
the guys who run this game just keep running it up ---> whilst taking all the hard earned bear money.
>once the last bear falls,
>they know it because they see it,
>and when they see it ,
>they drop the market.
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4130 Could be the top, don't discount it. it is a significant algorithmic resistance which was programmed to get hit over a month ago.
here's the key though, if you've read this far:
watch how the market pulls back from 4130.
🗝does it come down in 3 waves? if so, expect higher prices.
🗝does it come down in 5 waves? if so, you caught the top.
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og target = $4130
expansion target = $4225.25
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first 85$ then 108$oil went beyond 90$ and invalidated bearish scenario .90$ is the last lower high which broke upward and turn oil bullish .OPEC decision was ridiculous in term of affecting market since the production cut is less than 1mbpd as real number or less than 1% of total world capacity so this small portion cut will not the real factor behind this new bull run .
approaching to cold season or China easing covide policy or Russia price cap or failed Iran US atomic deal maybe some contributing factor
keeping these in mind and respecting ichimikou signal we are expecting market to have a correction near 85$ and then resume upward move toward 108-121$ area of strong resistance of fibo levels and price action levels
also appearing a harmonic pattern on USDCAD on weekly time frame will be a confirm for this wti bullish scenario
please see wti big picture as below
please share your ideas
tnx
usoil updateChina relaxing COVID restrictions and OPEC+ announcing additional cuts to output would be game changing moves and could be a major turning point for prices.
The OPEC+ decision would be particularly bullish since it would give traders the confidence to buy dips aggressively in the market on the notion that OPEC+ has their backs.
Later today at 21:30 GMT, the American Petroleum Institute (API) will release its latest weekly inventories figures. It is expected to show a drop of 3 million barrels of crude oil.
Traders will also be monitoring the U.S. Dollar since a weaker greenback tends to support dollar-denominated crude oil.
es 11-28 update ~good evening,
quick update to one of the two bear cases i posted over the weekend.
(post pinned at the bottom of this thread).
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es1! has been tapping at the local golden zone quite a few times recently,
each poke results in a weaker dip which continues to get absorbed (accumulation).
there's no notable bearish divergence present for now,
in fact, we printed a hidden bullish divergence near the end of today -
which validates in my mind that we're going to go higher.
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>watching 3910 as a local bottom into wednesday,
>which is a heavy area of demand + a window of algorithmic confluence.
>upside target from there sits at the original 4130 level,
>with a slight chance to expand to 4190 if things get heated into the end of this year (short squeeze).
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ps. it's also possible that we've topped,
but i personally have reason to believe that we haven't (for now).
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posts which led to this one
👇
" GBPUSD " Wolfe Pattern And golden ZoneHello Trader's ,, Let's Explain Together The Movement For GBPUSD For Next Days ,, And What Will Happen ,,
We Can See On Chart 2 Reasons To Sell From This Area ,,
1- Wolfe Waves Pattern Done And Ready To Down
2- Golden Zone With Our secret Numbers On Chart
The Target And Stop Lose On Chart ,, Hope To Be Always In Profit With Us
CITY LODGE HOTELS (CLH) WOLFE WAVE PATTERNThis is not a forecast or a signal. It's just an example of an occasion which a pattern like Wolfe Waves worked well.
CLH - A while back I posted a long entry (Early October) with a potential Bullish Wolfe Wave forming with a trend reversal at point 5.
We saw a bounce at the key area of support followed by a continuation on that momentum to the initial target.
Alpha Capital Wealth PPi tracking Acw best practices
Tracking Spx to reach a min target of.4130.90 before being rejected and sold towards 3100 by early jan 2023
Strategies
Acw time lock
Acw time engineering
Acw TSR
Acw SSR experimental
Acw Advance Fib Price Prediction Modelling
Acw Gap strategy
Acw session prediction
WTI is seeking 83$technical view:
a wolfe wave pattern completed also 5 wave impulsive is seen to be completed also a divergence on RSI
it seems that WTI trying to reach its wolfe wave target as 83$
fundamental view:
Tight supply concerns are being driven by another draw in U.S. stockpiles, OPEC+ output cuts and the upcoming embargo of Russian oil by the European Union.
Worries about a global recession are being fueled by a sharp rise in the U.S. Dollar, which could dampen foreign demand for dollar-denominated oil.
The greenback is being bolstered by a surge in Treasury yields, making the dollar a more attractive investment.
Yields are being driven higher by hawkish commentary from Fed Chairman Jerome Powell who said on Wednesday it was premature to consider pausing rate increases.
wiat until 90 $ break then go long for 92.45The major bullish influence on prices over the near-term will be the OPEC+ production cuts and the EU embargo of Russian oil. Unfortunately, instead of having a bonafide rally, crude oil prices are likely to remain rangebound because of the ‘noise’ in the market ahead of next week’s Fed interest rate decision.
if the Fed will trim the pace of rate hikes in December, the market will be free from some of the ‘noise’. This will allow traders to focus clearly on the true supply/demand fundamentals.
We see a bullish trend developing in crude but we may have to wait until after November 2 before we see enough buyers to sustain the upcoming rally.
ichimikou analysis of usoil on 3H TF and wolfe wave patternas you see tk and ks crossed each other on 3h time frame below kumo cloud so we are expecting a bearish move and then upward rally around 89 $ because of usdcad retracement and hormonic pattern seen earlier
please see this harmonic pattern as well
and also usdcad retracement
a double bottom pattern confirmed if neck brokenTraders will get another piece of the current inventories puzzle at 14:30 GMT when the U.S. Energy Information Administration (EIA) releases its weekly inventories data. Traders are looking for a crude oil draw of about 300,000 barrels.
An unexpected build will be bearish for crude oil prices, while a deeper than expected draw could fuel an intraday short-covering rally.
A rise in crude oil inventories will reinforce fears of a global recession that would cut demand. This is potentially bearish. However, losses will likely be limited due to upcoming supply restraints.
In November, the recently announced OPEC+ production cuts will begin, while in December, the fresh European Union (EU) embargo on Russian energy products will be strictly enforced.
Our work suggests that the longer the markets remain in a trading range, the greater the chances of an upside breakout in November and December, once the impact of the OPEC+ production cuts and the EU oil embargo is felt.
over 85.64 WTI is bullishHello traders price over 85.64 is seen as bullish so for bullish scenario the focus should be on tightening supply. The factors influencing this narrative are the OPEC+ production cuts, the EU embargo on Russian energy products and falling U.S. stockpiles. All of these factors appear to be weighing on worries over recession-driven demand destruction and the release of SPR crude.
the SPR release announcement made earlier in the week is likely to keep a lid on prices over the short-run. But once its impact is over then sentiment will turn bullish because of supply restrictions from OPEC+ and the EU embargo on Russian crude.
A harmonic pattern is also seen with a wolfe wave pattern to get better confidence in bullish move
VITE Longterm investment Idea based off a Wolfe wave indicator in beta
Stick to entry and stop loss
Take profits with every target when reached and then make it your stop loss