Drunkmonk

Drunkmonk Updated 

3-3-5 watching the expected rejection at the median line of the channel probably before pivoting and falling out the bottom. Sad times for many..

Drunkmonk

copy & paste from twitter & stocktwits: We have to see how it develops, but expecting to see an expanded flat with a 5 wave impulse to complete this sideways correction that started April 15, 2024 before we make the final move down to complete the macro structure and unfortunately filling gaps below....cont The TVC:HSI & NYSE:BABA appear like they will make...

Drunkmonk Updated 

WXYXZ. Z = Y @ log .618 they wanted a longer description so.. long pivot on deck, bullish divergences multiple timeframes. I like to have fibs AND geometry supporting the count as shown on the chart but it lacks geometry. the 5-3-5 zz we want to see in wave Z is a harder sell but im running with this anyway. Weekly timeframe looks obvious but we can nit pick...

Drunkmonk Updated 

The weekly RSI on NIO and the structure of the HSI over the past few years have had me worried since the $7.78 top, and what we have seen since then supports this as my new primary count, unfortunately. I had been stubbornly holding on, but now I need to consider cutting some of the position after the approaching bounce on smaller timeframes. However, if I must...

Drunkmonk

November 10 to Dec 3 2021 Drop Elliot Wave WXYXZ tell me i'm wrong :-)

Drunkmonk

showing the proposed contracting ending diagonal wave 5 within wave 5 of macro wave 5. Wave 5 within macro wave 5 began at $14.30. We finished a triangle b Friday and will get the final impulse next week. Get ready.

Drunkmonk Updated 

elliot wave theory = game genie i almost always need both geometry and fibs to support a proposed count along with divergence confirmation but this time no obvious support from various fib pulls. however even if the count is wrong, very likely to bounce its just a question of how much. 3-4-5 to 1 or 30-40-50 to 1.

Drunkmonk Updated 

see chart

Drunkmonk

pivot

Drunkmonk Updated 

the structure looks obvious 3-3-3 within a larger 3 wave corrective structure from Merck's ATH

Drunkmonk

top of channel / ABC or WXY complete from march lows after triangle breakout in late oct/early november. shooting star weekly. please post and correct me but zooming out i think its 5-3-5 ABC for W (2009 low to jan 2018) into an X wave and now completed X within WXY of the X macro..startin Y down to finish macro X. August 20 $23P on $BAC for me but this thing...

Drunkmonk

not sure where X completes within X^2.. the Y wave is too complex for me.. i dont think its completing 5-5-3 from the march 2020 lows. would like to see others counts from march lows. we approaching a top but where is it likely to occur..? i don't see much in terms of fibonacci confluence.

Drunkmonk Updated 

please share thoughts particularly if you use elliot wave and can give feedback. room to run within macro channel but other factors considered i think it completes wxyxz and macro X within 10 days. thank you.

Drunkmonk

~45.20 to complete X before down to $26 on $CSCO Cisco posting this mostly bc i still don't knowhow to save properly and so i dont have to keep charting from scratch

Drunkmonk Updated 

i left the fork on there because of the reactions it had, i dono :-) usually use the low + swinghigh + 2nd lowest low. can you do it like this? i usually try to observe the reactions it has to determine if i throw it on there or not.

Drunkmonk Updated 

$PFE sideways combo almost done. 5/15m tf swing long

Drunkmonk

how often do you see hidden bearish divergence (weekly) after wave D of a wave 4 triangle? looks like a 5 wave structure to finish a flat.

Drunkmonk

correction