ILuminosity

ILuminosity

Cup and handle pattern = Bullish signal + Fractal backbone support! Target: Upper Trendline. Upper top consolidation --> Room for Equity melt-up rally. ETA: H1 2023. Recession by Q1 '24 at latest.

ILuminosity

Upper trendline projected double-top, providing room for equity melt-up rally. Double top = Monthly bearish div --> crash Top 1: 2.15 Top 2: 2 Bear Market Start: H1 2023 Bear Market End: H2 2024

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1750 within 4 weeks, followed by melt-up to 3000. 40-60% bear market after. 1.618 Fibonacci will be respected in cycle top. Top H2 '22 / H1 '23. Unfortunately, fundamental supporting research is private.

ILuminosity Updated 

BABA is currently in Wave 5. I believe BABA Wave 5 will be an ABC correction. With that being said, I expect a relief pump (wave B) to happen which will last for 1-2 weeks before we continue dumping. I have buy orders set for $85/$86 and at worse, $58. $100 support looks weak based on the lower Fibonacci targets. Be diligent with this one! (Side Note: Wave 1 was...

ILuminosity

If you've been a follower of my analyses on WISH, you would know that this stock has been following a downward channel in a grand Elliot-wave sequence. We are coming close to the end of the impulse, which would be around $1.27. After, we will get an ABC wave to the upper trend-line. There are two ways of interpreting the chart: 1) The wave that's about to finish...

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I see more downside. It's possible for RingCentral to get nuked to solid support line as well If they miss ER for ex.

ILuminosity Updated 

Elliott wave is done, however, if push comes to shove, targets are labeled. Watch closely for the play! Impulse down is truly possible considering market conditions.

ILuminosity

48.5/49.5 achievable with an extended market correction. Implied volatitlity uptrend due to fundamental reasons (Inflation/War). S&P 500 target would equate to 3950-4000 in this projection! NASDAQ: 12K (Wave 1 top) or 11K (200 Week EMA / 50 Month EMA)

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Downward channel - 5th wave of Elliott wave Zig-zag. Room to go oversold on the indicators for this move!

ILuminosity

Simply put, OPEC (Iran x Saudi) x War (Russia-Ukraine, Incl Sanctions) x Tightening (FED x Inflation) Scenario entails a run up with equities... Sounds familiar? (2007-2008) Banks/Institutions will be forced to close their short positions at a loss... Probability: Least Likely Key notes: -Physical disruptions of supply -Stagnating world...

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I was one of the first people to call Powell's BS on "Transitory Inflation." Sheep listened... Inflation persisting to EOY = Red Target. Green target easily achievable. Mid-Macro bullish!

ILuminosity Updated 

Price target is $59.5 which is between the 1.618 and 1.786 fibs, and also confluent with the 1000 week EMA & 200 Month EMA.

ILuminosity Updated 

More downside first! Needs to test the bottom trendline of the descending broadening wedge before upside!

ILuminosity

Simply Beautiful! The Dow Jones index is a linear instrument for making money. If we examine this index on the log scale, we derive a historical price channel that can call recessions/depressions. We are close to a huge resistance line. Zoom in for clarity!

ILuminosity

LPSY target before SOW is 98-100. SOW target <90 Fractal scenario likely. Macro Bearish; Crash H1 2023 - Final Target: ~80

ILuminosity

Short term upside on the Daily timeframe and under. Already oversold and Elliott wave to the downside is finished for now. Entry was between 1.618 and 1.786 fib so I'm not playing this.

ILuminosity

LMND is oversold - Retest of 50 day EMA - 21 week EMA is expected. This will correspond to the wave 4 target, which also happens to be the top of the channel trendline. We are in a zig-zag corrective structure which means a fifth wave to the downside is expected post retest. We are, nevertheless, in a downtrend channel!

ILuminosity

Targets are Fibonacci 1 ($1.61), 1.236 ($1.14), and 1.618. This is an impulsive macro Elliott structure. We are in the 5th and final wave to the downside. There's also more room to go oversold on the indicators.