PhiWaveCapital

PhiWaveCapital

Looking lower in BTC following the likely completion of wave (b) of {y}. Price should begin to develop lower in an impulsive manner against the 66500 wave (b) high towards the 52500 level. The double three correction (waves {w}-{x}-{y}) that began in March has developed in what appears to be a straightforward way with some distinct patterns, such as the diagonal...

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Looking lower through the wave (A) low of 197 against the high of 228.63 following the completion of a zigzag wave {B}.

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TLT should continue to develop higher through 94.84 and 100.57 against the wave (ii) of {c} low of 89.82 following the completion of a perfectly proportioned zigzag wave {b} as well as a distinct diagonal wave (i) of {c}.

PhiWaveCapital

The corrective pattern developing in wave (2) has been stubbornly pervasive for nearly an entire year but recent price action would suggest the end of wave (2) has finally come. It appears that wave C of (2) developed as a neat and textbook ending diagonal with a perfect reversal from our downside limit of 1.50 (the wave (1) origin). Ending diagonals typically...

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Ferrari has undergone a relentless bull market since February of 2016. With new all-time highs seemingly every day, it is hard to think the stock may be vulnerable to a move that could see it lose 30% or more of its value, but the count would suggest the RACE may be coming to an end. The wave count in RACE is rather clear and unambiguous. Price has developed what...

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Favoring a rapid move higher in wave (iii) of {iii} of 3 through at least the 9.35 wave {b} of 2 high against the {ii} of 3 low of 5.10. Aurora developed a flat in wave 2 and has since began to develop higher in what appears to be a series of first and second waves before the onset of a third wave at multiple degrees. Third waves typically travel the most...

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Ford should begin working higher through 14.85 against the 9.63 low following the likely completion of a flat pattern in wave (b) of {c}. Wave c of (b) of {c} is either complete or soon to be complete and wave (c) of {c} should begin developing in an impulsive manner (five waves) higher through at least 14.85. Any downside should remain corrective against 9.63.

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Anticipating the completion of wave following the development of a diagonal wave . A rapid impulsive reversal should confirm wave is complete and wave is in progress towards and through 11.37. Alternatively, if price fails to develop in an impulsive manner, it may signal wave is not yet complete.

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Tilray has developed a series of very deep second waves following the completion of wave (1). Despite this, price has nonetheless adhered to the proper Elliot wave form and has begun to turn from the crucial 1.60 level. If the forecast for a third wave of a third wave is correct, prices should very rapidly begin pushing higher through at least 2.97 and 5.12 against 1.60.

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The five-wave impulsive reversal from the 6.07 low likely indicates that the wave B flat pattern that has been developing since early April is complete and the next leg higher in wave C has begun. Wave B and the components of wave B display excellent Fibonacci proportion, increasing the validity of the pattern. Price action should remain corrective against the...

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Looking for a break through the wave D high of 209.77 and towards 227.13 against the wave C low of 191.34 in wave (C) of {B}.

PhiWaveCapital Updated 

Looking Higher in wave (iii) of {iii} through at least 12.53 against the wave {ii} low of 9.57.

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Anticipating the completion of wave {iv} of 3 before ZIM continues its journey higher through 23.78 and towards the 30-40 range in wave {v} of 3. Current price levels make a good candidate for a bottom for wave {iv} of 3. Ideal Fibonacci proportion exists where wave {iv} of 3 equals 0.382 the distance of wave {iii} of 3 and wave (c) of {iv} equals wave (a) of...

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TSLA is likely to begin a bear market following the possible completion of a triangle pattern in wave {x}. Wave (e) of {x} has terminated near a significant Fibonacci cluster incorporating several degrees of trend. Prices should begin to develop lower in an impulsive manner against the wave (c) of {x} high of 299.3 towards and through at least the wave (d) of {x}...

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NASDAQ:AAXJ The break of the wave iv of (c) of ((ii)) high at 64.86 indicates the likely completion of a zig-zag correction in AAXJ. The pattern displays a perfect corrective channel and ideal Fibonacci proportions. Downside should remain corrective against the wave ((ii)) low of 60.92 as price develops higher towards the wave (b) of ((ii)) high of 70.63 and...

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AMEX:CQQQ The five wave thrust through the wave (iv) of ((c)) of Y of (B) high should confirm the completion of the entire double three corrective pattern that began in January. Any downside should remain corrective against the wave (B) low of 33.50 as wave (C) begins to develop higher towards the wave (A) high and through at least 38.49 and 44.05. Much...

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NASDAQ:AEP An impulsive break of 78.15 against the wave (y) high of 81.08 should confirm that wave (c) is in progress. Price should decline through at least 75.96 and 74.97 towards 69.38. A violation of the 81.08 will invalidate the wave count.

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NYSE:UNP A decline through 216.92 would suggest the completion of wave (b) of , and see prices move swiftly towards the wave (a) low of 199.33 and potentially lower towards 183.70. Should prices continue higher through the 224.99 high, it would signal that wave (b) is not yet complete.