Joseph_King

Joseph_King

A alternate to this theory > Maybe another leg down before the impulse move up after complex correction

Joseph_King

Potential inverse head and shoulder pattern on BTC

Joseph_King Updated 

Idea on Crude to reach around $77 with a 5th wave

Joseph_King Updated 

An idea on bitcoin that there is one more corrective leg to the downside to come around $30-33,000 before the next impulsive move upwards.

Joseph_King

BNB looks to be creating a symmetrical triangle that could be part of wave 4, wave 5 then up to either 0.382, 0.5 or 0.618 extension...if price drops below $338 it would invalidate this idea (wave 4 crossing wave 1)

Joseph_King

An idea on BNB that an ABC correction has been completed at the $210 lows and an impulsive move upwards is emerging. Daily TSI is already bullish and MACD is looking to follow. An alternative is a WXY correction is underway.

Joseph_King

Update (alternative) to a previous idea > Maybe oil is in middle of a complex (WXY) correction as part of a larger degree wave 4; Wave C of X could reach $64 area before wave Y towards $50

Joseph_King Updated 

Simple 5 wave theory on ETH, invalid if price drops below 184$

Joseph_King

An update to this idea > Oil touched the .382 extension and now appears to have completed 5 waves up, bearish divergence on 4H timeframe also. If larger degree 5th wave is completed there could be a healthy correction to come.

Joseph_King Updated 

Bullish EW idea for oil with a 5th wave coming up to $50+, bullish divergence on the MACD

Joseph_King Updated 

An update to this idea > Possibly still in wave 4 but a more complex correction that could lead to .382 level at $42.73...a break above $45.90 would invalidate this theory and could mean wave 5 has started.

Joseph_King Updated 

Thinking oil is in a 4th wave now after the 1.618 extension was hit at $46.29, maybe it will form a triangle, the .236 level at $44.07 may be hit before a 5th wave towards $48-50.

Joseph_King

Update to previous idea > Possibility of still being in a correction that could lead to $30 area before a bigger move up

Joseph_King Updated 

Update on previous idea > Nearing the 0.5 retracement level which coincides nicely with the 1.414 extension, could be nearing the end of wave Y of B, unless this gets more complicated (WXYXZ)

Joseph_King

Hi, Theory based on already complete 5 wave down (in wave A of ABC), potentially in wave B now with wave C to follow to new lows.

Joseph_King Updated 

As posted by a fellow EW technician Aibek a little while ago on Brent, WTI looks to be forming an ending diagonal. The lower trendline has been hit and there is bullish divergence on 4H timeframe (the same divergence that kick started the move from $39 to mid $42) so the 5th and final wave could have already started. The 0.618 extension of wave 2/3 is at $43,07...

Joseph_King Updated 

Update on below idea: Think an ABC completed at 1.618 ($41,15) in an ending diagonal and now nearing the start of wave 3. This idea is invalid above $41,13 and would start confirmation below $39,95

Joseph_King

Update on below idea: Still believe oil is in a corrective pattern; either WXYXZ up to $41 area, or WXY is already completed at $40,58 and we're in wave 2 of an impulsive move down already. A break above $40,58 invalidates the wave 2 idea, a break above $41,62 invalidates the WXYXZ idea.