CryptoTA4U

CryptoTA4U

Well, as I was reading about gaps in "Technical Analysis of Financial Markets" by John J Murphy last night, I was particularly interested in the section describing the island reversal pattern as that happened to be the section I was reading (and I have wanted to learn more about gaps implications for a while). As I also observed the futures market last night and...

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As I break down the chart on SPX, a few things that stand out to me. I can count a clean 5 wave pattern up after the bounce off the lower trendline just below 2600. a) Within this move, wave 3 was a perfect 1.618 extension off wave 1-2. b) The proposed wave 5 just completed 5 subwaves today, May 10, and was a 1:1 extension of waves 3-4. This suggests to me that...

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ETH looks to me to have completed 5 waves up. ETH looks now to possibly be working on the C wave of the ABC correction. If so, it would appear we have a few options. 1. Bounce off 38.2% retracement in the mid $660's (this would be a 1.618 C extension of wave A as well). It would be very bullish if ETH bounces here and then clears recent high of $838. We'd be...

CryptoTA4U

Could AAPL be headed much, much lower? Over the past 9 years it has certainly formed an interesting ascending wedge pattern. Ascending wedges are typically considered a bearish/reversal pattern, so one might expect AAPL over the next 2 years or so to break significantly to the downside. The wedge we see on this weekly time frame could be consistent with an...

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I've been analyzing ETH ( Ethereum -0.81% ) for a while now, and it might (?) be coming together for me. The above is my current operating thesis. Let me know what you think in the comments below! Like if you agree, disagree but appreciate the idea, or if you have no clue what I'm talking about and/or could care less about ETH but just want to give this idea...

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Some of you may have seen my previous chart of the Nasdaq (IXIC) posted here at trading view (chart linked below). This is really just an update to that chart with a detailed analysis of the intervening trading activities. The NASDAQ has risen right into the predicted price range (Fibonacci 50 to 61.8% retracement zones). The recent patterns seem to confirm...

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While FB could completely shatter my bearish bias (in both the market and in FB specifically) in the coming weeks, I do want to be prepared for an even more dramatic drop than we have already seen with FB. Thus, I have come up with two paths that would take FB below 131. Scenario 1 above sees FB resume the sell off on Monday, 4/2/2018. Wave 1 would be...

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Well, I must first admit, I am publishing this chart in retrospect as I've just now taken the time to really analyze MU in this way. Unfortunately, I missed some massive profit opportunities, but this is certainly a learning experience for the next time around and....there may be one more trick (trade) left up this chart's sleeve. So as you can see from the...

CryptoTA4U Updated 

The NASDAQ (IXIC) is now at a decision point. It has completed wave 5 and its subsequent ABC correction of a significant 5 wave cycle that started in June of 2016 (I'll post a log scale image indicating this below). The above chart demonstrates the drop to the trend line on 4/2 that completed this major wave. Now we await the next move in the NASDAQ. Bulls...

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I expect NASDAQ to hit ~6838 in the next 1 or 2 trading sessions. If my chart accurately predicts the next couple moves, we should see a move up to ~7085 over the first few hours of trading on 3-28-2018. This will be wave 4 of the 5 wave complex down that form wave C of the ABC correction now underway. I expect wave 4 to be a 50% correction of wave 3 because...

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A few thoughts on CLVS. May not pan out, but this is a bullish scenario. Reasons the bull scenario could play out from a technical standpoint: 1. Move up to $99 was a clear 5 waves. It looks to have recently completed the ABC correction into a perfect golden pocket 61.8 to 65% retracement. 2. Wave C was an ending diagonal. CLVS has broken out of the diagonal...

CryptoTA4U Updated 

It sure looks to me like FB is now completing the C wave of an ABC correction that started after the all time high around $195 was reached. This C wave should take FB sub $155 (likely just over $153) if the above projections are correct and FB actually stops at the trend line that crosses there. A halt around $153 could be an indication that a 5th wave up will...

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SPY has completed a nine year bull run that peaked at the end of January. This run on the log scale has been a beautiful 5 waves, with wave 3 a near perfect 1:1.618 extension of wave 1, and wave 5 a near perfect 1:1 extension of wave 3. As such, I now anticipate we see a significant retracement in the months/years ahead. I hope to publish my SPY targets as this...

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Here is my best guess at a path for Micron (MU) between now and the close on 3/22. It appears we have completed wave 3 of a large 5 wave impulse pattern. Within this Wave 3, MU has completed 5 sub-waves and now appears to be working on the ABC correction. Wave A is in, B was recently completed, and now we are attempting wave C which will be 5 smaller waves down...

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I'm watching tomorrow for an early break below today's low of 270.19 by SPY. If so, the pattern above should be confirmed and we could see the SPY at 266 to 267 range fairly soon. I may purchase SDS shares (2x short fund) if this happens (and we don't just open tomorrow substantially lower/near the target) and ride them till SPY hits 267 for a quick 2%+ gain. ...