ILuminosity

ILuminosity Updated 

2.618 fib Cup 3.618 fib Handle Wolfpack Green wave RSI: Room for overbought + future div 2023 Recession = Safety in Metals Measured Cup & Handle Target 1: $2700 - confluent with 2.618 handle fib! Target 2: $3000 Max extension

ILuminosity Updated 

"Decade of zero returns" for the stock market = Shortening Bear Market for Commodities Price target = $50 Fractal backbone + Room in technicals for such move. Price target was established in June 2021. Time frame pushed up in anticipation of 2023 bear.

ILuminosity Updated 

Crash Zone highlighted in Red. Fair warning is given as well; "Sell Sell Sell"

ILuminosity Updated 

-Resistance trendline unbroken -Bearish divergence on the Wolfpack -"Overbought" on the RSI -Curling price action

ILuminosity Updated 

-Multi-decade resistance trendline unbroken -Bearish divergence on the Wolfpack -"Overbought" on the RSI -Curling price action

ILuminosity Updated 

3950-4K micro-target followed by the melt-up rally. Linear top: 5325 Log top: (Separate post): 6000 Extension linear top: 6500 60-80% Bear Market follows; Target 1: 2150 Target 2: 1555 End of Bear Market: Q3/Q4 2024 due to QE5/6, aka Infinite easing. P.S. Disregard target 3 on the chart; Depression isn't expected this decade.

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-Continuation Pattern - Wedge -Average drop: 84.25% -Crypto Adoption (CBDCs, etc.) -Diminishing Returns -Shorter Bear Markets -Accumulation Zone: $9-$11 <-- Bottom

ILuminosity Updated 

NIO has been bearish for a long time now. We were initially in a megaphone pattern and rising wedge, which resulted in a dump earlier this year. We tried entering back into the megaphone but failed. Now we are in a macro descending triangle and micro head and shoulders pattern. I do not like the chart, therefore I will rate NIO as a sell on the next test of...

ILuminosity Updated 

Hold support = Pumpy Break support --> turns resistance = Dumpy (Target: 1000 day EMA / 200 Week EMA ~$18) P.S. Most Auto startups do not succeed during tough times :)

ILuminosity Updated 

Downward curving spiral channel. Equities crash when we hit the top of the resistance line. Likely stock market crash Q1/Q2 2023 given rate of increase. Short-term consolidation period expected Q2/Q3 '21 before final rip. GG

ILuminosity Updated 

This version of God View includes Fractal Analysis China QE = Roaring 20s or Black Swan Bust

ILuminosity Updated 

MSFT is currently in grand wave 3/5! PT: ~$500 Lengthening cycles & diminishing returns! 2nd Great Recession - Corrective Grand Wave 4 - 60-80% correction Roaring 20s after - liquidity for final grand wave 5!

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Linear target: 44k Impulse target: 48k The stock market cycles are lengthening. Continued downside till EOM followed by a final melt-up rally that will bring the end of grand wave 5. ETA H2 '22 - H1 '23.

ILuminosity Updated 

- Double three is a sideways combination of two corrective patterns. - Three types of corrections: zigzag, flat, and triangle. - Combine two corrective patterns = Double Three. - Wave B = 4333 - Final Zigzag Wave C = 123.6% of wave A = Wick right below, to 3553. - News outlets will be screaming recession; the bottom signal! - Estimated time of bottom: August -...

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“Markets can stay irrational longer than you can stay solvent." - John Maynard Keynes

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“Price is a creature of the market’s mood. In booms, it is set by the greediest buyer; in busts by the most fearful seller” – Benjamin Graham

ILuminosity Updated 

Oversold! Horizontal & 1000 Month EMA support held. Active position @$30 SL: $28.2 Projected Exit: $60 - Easy 100%

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BTC price action and targets were correctly called. Elliot Wave Theory proved practical, and the 20K target was reached. TA from 7 months ago: Some Bulls are arguing this is the bottom. This post will explain why 10K is reachable: -Fundamentals: Inflation, rising interest rates, recession talks, geopolitical events including War, commodity...