PT_Marche

PT_Marche Dec 16, 2021

I don’t trade based off news events, like earnings, but I was doing the chart and when I finished I didn’t realize earnings come out today. I’m still going to enter my trade, just smaller. I went back and forth on different count set ups… I finally just picked this one as I think it is most consistent with EW rules theory. Green = overall primary structure I’m...

PT_Marche Dec 16, 2021

Overall EW count I’m doing: Green = after a completed ABC count in White, I’m counting that as “1” at $368.88. Looks like a deep wave “2” retrace down to the .786 Fib around $245. Above $245 I believe it can start a new impulse wave upwards in the rough sketch layout in blue --> Target upside $368; $423; $600 stretch Blue = in nearer short term, think we can...

PT_Marche Dec 16, 2021

Elliott Wave count I’m following: White = I’m doing a larger degree ABC count --> Target upside is $58 longer term Green = Looks like coming off wave (ii) retrace around $27.73. Green count is within White C. --> Target upside $40; $50 Light Blue = smaller degree count within green wave (iii). Counting that we put in light blue wave “i” and wave “ii” and we...

PT_Marche Dec 16, 2021

Count I'm following still playing out and respecting Elliott Wave / Fib rules. Quick rundown of the overview I think price action is in: Blue = in overall larger degree ABC blue count. In Blue Wave C --> target upside is around $4987 White = smaller degree ABC within blue ABC. I have the White ABC making up the Blue C wave. In White Wave C within Blue Wave C...

PT_Marche Dec 8, 2021

This is a count that I like. A lot of different ones out there but I've been following this one I've done up and it's been working good so far. Largest degree wave I think we are in is the Blue C with targets up to $4800... would support the whole Santa rally. I'm following the smaller degree count in Green, where we potentially could be putting in a pink wave...

PT_Marche Dec 7, 2021

As all Elliott Wave counts can be interpreted different, this is just one I have been going over and one that I like. A lot of confluence with the count; with it needing one more leg down for an orange wave 5, bringing it to the overall red ABC count down to $21. Orange 5 waves down has a potential target of $20.74. Red ABC count down C has potential target of...

PT_Marche Nov 18, 2021

Elliott wave counts can be very subjective with some people's counts being completely different. I have two potential counts set up for ACB. My count I'm leaning more towards is the GREEN count. Following the Green EW count, we see the price come just about to the pink weekly resistance line. In EW theory, wave 3 is the strongest move and known for the "gap...

PT_Marche Nov 18, 2021

I'm a big Elliott Wave (EW) trader, but sometimes the projections can seem a little outlandish. Then again, when Tesla was way down and wave projection put it up into the thousands, doesn't seem outlandish looking back at it now. I personally think if someone doesn't want to dive real deep into crypto and digital assets, this at least can provide some exposure. ...

PT_Marche Updated  Jan 29, 2021

Trying to apply my strategy used in stock equities, focusing on Supply and Demand Zones, Fib Retrace Levels, and Elliot Wave counts. Simple set up here, for me at least and how I'm looking at it. Per my count where I started, after all time highs, price came down right to the .618 fib retrace level around 0.0067094. This area aligns well with a Demand Buy Zone...

PT_Marche Jan 15, 2021

Still leaning bullish on DOGE. Above the green dash line I'll hold my longs (as well as watching the white trend lines). Below the green dash line (at 0.0091394) and above the small blue line (at 0.0083123) I will look to add to the long position. Below the blue line, I'll monitor to watch to potential take off some risk and see if the prior .618 retrace level...

PT_Marche Updated  Jan 12, 2021

Liking the set up playing out here. With this move up into some resistance / supply but also getting above a shorter time frame downtrend line, I'm liking the potential Elliott wave count here and projected fib retrace and extensions based off the potential count. I'll look for price to come back down to around the $160 area. Volatility is really low right now,...

PT_Marche Jan 11, 2021

Per one of EW counts I have, currently has price up around a top of a wave 3 (Roman numeral blue circle). As market is up at highs and in a wedge pattern area, I'm hedging a bit as I think there could be a small pull back. Gameplan: - entered a put debit spread at the money in SPY and gave myself time - price targets down at $374 and then $368 Keeping this one...

PT_Marche Jan 11, 2021

Reached the fist price target of $125 and pushed higher into the $130s which was great to tag some fib extension levels. I have two alternate counts on this one because, with EW, it's never an exact science and the best thing to do for yourself is just try to prepare so there are not any surprises and adjust as you go. Primary Count (White numbers in circles): -...

PT_Marche Updated  Jan 8, 2021

It's Tesla so it's always crazy, but I always just look for putting as much odds in my favor as I can. One count I have shows potential pretty good resistance around $850 - 855 area. Premium is always high with Tesla so I'll be looking for potential call credit spreads on this one. After hours it edged up higher, and, if tomorrow it holds and pushes up, I'll...

PT_Marche Updated  Jan 8, 2021

I like doing iron condors on Intel all the time and consistently just keep rolling them out. Never a huge risk play with Intel in my opinion with smaller spreads but always adds a little daily theta to my portfolio. I don't do a lot, really none at all, Elliot wave counts with Intel. Recently, I just draw supply and demand zones and trade the range. My play:...

PT_Marche Jan 8, 2021

I like LULU, and so does all the gym goers and yoga goers especially if COVID restrictions start to loosen up over the next month or two approaching spring and summer. Long term I like LULU long, but for now, I'm going to be patient and wait for a slight pullback to a better demand buying level. If we can get a pullback A B C pattern back to the 350's, I'll look...

PT_Marche Jan 8, 2021

Still leaning towards Apple making another push upwards. Despite dipping below the white support trend line, it keeps finding its way back above it to reclaim. Elliott count in yellow still valid for me as rules are still being obeyed. Bullish scenario: above the white support line, looks bullish with potential to pop up nicely to the $140s + -- slightly out...

PT_Marche Updated  Jan 7, 2021

Going to watch this and see what unfolds. If I can get it, I'm hoping for a very slight pull back and for it to hold in the grey support/demand box. If it holds there, I think it has odds in its favor to try and make a pretty nice run up. If able to find a good entry, my first target up will be around $225. My second target upwards will be the $250 price...