ArthaVidya

ArthaVidya Updated 

After failing my targets for today, I am pushing them with some slight modifications for the next couple of days. The day covered action between the 0.382 and 0.618 retracement levels of B to C, and finished right above the 0.618 of 5 to C. My target zone is now between the level 1 of B to C, 0.618 & 0.786 of 5 to C, and the 0.236 extension of 1 to 5. A reversed...

ArthaVidya Updated 

After hitting the 0.786 retracement level from the previous week's highs and finishing the week at the 0.382 retracement level from this year's highs, I'm targeting the area of between the complete retracement of May 31st highs and the 0.618 of the year's highs.

ArthaVidya

SGYP seems to be setting up for a big big move. The Squeeze Momentum Indicator has been forming a triangle which is now about to close and the crosses in the indicator have been black for some time meaning that a release of the squeeze should be about to manifest. My guess is that spike will be to the upside, and it could go as high as 3.60$ (90%+ appreciation),...

ArthaVidya

CHK looks like it is starting the third impulse wave. After retracing towards the 0.382 level and going through the ABC correction waves, followed by the first impulse wave of the new cycle, it now looks prone to retrace to the 0.618 level (6$) short term if it closes above 5$ in the next few sessions. Possible return 22%+.

ArthaVidya

If a double bottom happens and bounces to breakout from the current downtrend (~26$) it could close in the previous downtrend resistance level at the 0.382 fib retracement ~34$. Possible turnover 30%+.

ArthaVidya

CVE is looking to start a new set of impulse waves that could close the triangle bottom formation and breakout.

ArthaVidya

ABX is on a multi year bullish flag, and possibly forming a multi month reverse H&S (speculative). After hitting te 0.618 fib retracement from this years' highs and coming down, if the multi year support trend line holds (~0.236 fib retracement), it could form the reverse H&S and end the year breaking out of the multi year downtrend resistance line, meeting around...

ArthaVidya

Crude Oil (CL) futures look well positioned to start a new 4/5 month rally to ~80$.

ArthaVidya

Enbridge looking good short/mid term.

ArthaVidya

CCJ looks prone to a volatility spike to the upside. It could finish the year closing in on the multi year downtrend resistance level.

ArthaVidya

Possible EURUSD long term forecast using Elliott Waves.

ArthaVidya

~73$ looking like an optimal entry point for Brent.

ArthaVidya

Bearish short term ABC correction waves forming with H&S pattern, and possibly bullish mid term reversed H&S pattern forming with a new 12345 wave cycle. Long term seems healthy (possible bullish triangle forming) to break '14 highs.

ArthaVidya

If the breakout occurs, which seems likely, Silver could end the year closing in on the 0.236 Fib Retracement level. Thoughts?

ArthaVidya

Is Enbridge about to begin the new bull supercycle?

ArthaVidya

Is Gold setting up the 5th wave to breakout from the 0.382 fib retracement and close in on 0.5 (~1476$)?

ArthaVidya

Is Micron about to start the third wave after doing some work closing the gap opened in May?

ArthaVidya

Thoughts? #oott