CuzDelux

CuzDelux

Basic, strength and pattern analysis. Dollar appears to be completing its Primary A wave of a cyclical correction. Strength has built up, the pattern looks right, and leave it to a large magnitude A wave to complete in a no man's land of Fib support...(ABC extension corrective not pictured). I would expect a run back up to the Intermediate B over the next 6-8...

CuzDelux

The acronym "TACO" has been adopted as a market slogan to explain the shocking volatility brought on by Trump's follow through with his campaign promises to enact and/or adjust tariff's in the USA on its trading partners around the world. The mere mention resulted in a 1,334 point sell-of culminating in April. When Trump walked back {read: backed off in terms of...

CuzDelux Updated 

Could be reaching with this one...OTC, BUT it popped on the screener as one that has clear indications of a bottom. On this daily chart, we see clear bullish divergence formed over a long period of time, and continuing through the last poke lower. What I really like, as illustrated by the red line in MACD on the currently forming higher low is the hidden bullish...

CuzDelux Updated 

Suggests that we could see a quick move to the upside. The fractal overlay, refit, looks right from a timing perspective. The 39.56 area is the next upside fib target, so I will be looking for a breach to determine whether to re-strike this level on a retrace.

CuzDelux

Patience is the virtue most valuable to me in the world of trading. To me, patience means not only plan the trade, trade the plan, but more deeply, NO REGRETS. If I miss out, SO WHAT? It was not my pitch, and in the markets, THERE ARE ALWAYS OTHER OPPORTUNITIES, on a daily, if not hourly basis. I have watched more "MOASS" predictions fail over the past few...

CuzDelux

Strength is constructive, but even with only the tail end of this stock's price pattern, it appears price has reached deeply enough back to the upside to expand the upper diagonal enabling the move back down for completion in the target box.

CuzDelux

DAL can move up to complete its Minor B wave in the 58-62 region. If strength remains lower than the last peak, and price reacts off of 61.97 area, a Minor C wave could take price much, much lower. Looking to hold long, for now, but could get bearish quickly within the next 6 months.

CuzDelux

Watch price take off like a bat outta hell before it breaches 15.23, the log bottom to this box. Held this area for some time for all kinds of reasons, gaps, structure, fibs, intuition, and a general affinity for the number 17. Let's see if my patience will pay off. bought yesterday and this morning.

CuzDelux

My wave count and fibs show a little room up above where price should complete Minor 3 in the upper 140s, and my indicator shows hidden bullish divergence, while price has a lot of room before invalidating further upside. Play would be to short in the pink box.

CuzDelux

I have gone through every trick I know trying to settle on analysis for the dollar. Let's be honest, the past year and a half have been nothing but squirrelly, sideways movement that appears to go nowhere and do nothing. In fact, we are basically sitting at the average price over that time period. SO, how should we read this? Well, this is how I read...

CuzDelux

Yes. Volatility spiked HUGELY! Check this out. I bet we have one more spike, but not as high, while Equities bottom, FOR NOW. Vix is interesting, because it goes crazy on the middle of the down moves in equities, but when they eventually bottom, as traders realize everything is fine, it doesn't go as high, hence my Primary ((C)) label off high. Maybe, Monday week...

CuzDelux

With the breach of 102.358, I have abandoned the ED as my primary count, leaving one option if the overall count is correct: Triangle in the ((B)) wave. This is considered an "uncommon" Elliot Wave pattern. This is a Triangle Count to conclude our ((B)) wave. The reason I have adopted this count is 2 fold. (1) With our recent breach of key levels to the...

CuzDelux Updated 

The stock popped up on my radar a few days ago, and I love what I see. The divergences sync up with the pattern in the most textbook fashion. We see both bullish and hidden bullish divergence across all time frames. Will be interested to see what fundamentals back up any ensuing move to the upside, but its worth noting that this last move was pushed likely by...

CuzDelux

DXY spot (and DXY futures) is displaying an interesting combination of Bullish Divergences on its strength oscillator (MACD) relative to price. In the spot market, these are very subtle and are best viewed on the 3 hour chart, in my opinion. While DXY has not traded lower than its last low, when it found a lower low on more strength, it has traded lower than its...

CuzDelux

Expecting to reverse here to the upside. Looks like we have hidden bullish divergence. I do not expect that this will end the downward movement and have noted potential reversal points and targets one more move out.

CuzDelux

It is hard to elaborate on fundamentals or even technicals for a start-up company of any kind, much less a publicly traded producer of motor vehicles. I know nothing about this company, except that its stock just popped, after-hours. What I see does not give me confidence as a buyer of the stock. What I see is a company that will continue lower before reversing...

CuzDelux Updated 

I think all magnitude is worked out. Hate to call it, but, it is time. See you all on the moon.

CuzDelux Updated 

Been tracking this for sometime now, and it has mostly behaved as expected for a couple of months. The count in oil is hard to follow, because it does not necessarily "behave" within EWT parameters, but the pattern persists, despite irregularities. I will consider this validation or invalidation. I do not know the fundamentals that will cause such a move, but...