Rykin_Capital

Rykin_Capital

A similar picture to the previous chart. Do your own research. This is not financial advice.

Rykin_Capital

There is a constellation of factors to lay a foundation for a bullish bias. MIDAS and US curves are both crossed, plus upgoing stochastic/volatility combo. Right now we are of the view that this is an evolving ABC zigzag or flat, with view to reverse position should the red line be crossed and pattern effectively evolves to a downward triple drive or something...

Rykin_Capital

A nice cross of MIDAS, Smoother lines on the daily, post something choppy that we are not entirely sure what is. Oscillators are supporting. Weekly chart is in favor of some kind of a recovery in the interim. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted...

Rykin_Capital

Cross of both MIDAS and Ehler's US line, with upgoing momentum and suspect B wave formation. Stochastic and volatility factors are both upgoing. Not financial advice, do your own research.

Rykin_Capital

A five wave Elliott impulse appearing to be reaching conclusion. There is a cross of Ehler's Smoother, and Stochastic and volatility zone indicators have already turned. This is a less reliable picture, as the momentum only appears to be growing. It is prudent to stay mindful of the fact that no confirmatory levels have been crossed. We are not in the business...

Rykin_Capital

Picture is highly suggestive of an Elliott downward impulse, with wave 5 remaining. Momentum is certainly building, indicators are about to turn. The narrow price action in the most recent candles are highly suspect for a wave 4 in the undergoing impulse. Fibtime is not excluding the possibility of Wave 5 yet. We are not in the business of getting every...

Rykin_Capital

There is a squeeze developing on this stock, whether you look at Bollinger Bands or the Band formed by the upper and lower MIDAS curves. If a move is imminent, it is more likely to the upside given the stochastics and volatility indicators. This is certainly supported by increase. One major worrying equation is the progressively dropping volumes as the peaks...

Rykin_Capital

Major confluence of factors here to suggest a bullish bias. MIDAS curve cross shortly after Ehrler's Smoother cross. Suspect B Wave start in a flat zigzag. Ehrler's stochastic and VZO remain bullish, yet less convincingly. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are...

Rykin_Capital

This picture is highly suspect for and end of Grand Wave 5. This is a speculation only as confirmatory levels have not yet been crossed. Yet, we have an constellation of highly suggestive factors. These are momentum divergence (one) on the RSX and RSI (not shown) with Fib extension of 2.414, which we often see in cyclical finishes, second only to a 2.618 if no...

Rykin_Capital

Always a purely technical approach, while trading is examined. A few factors to suggest a reversal play here, and we have a double divergence on RSX momentum, diminishing volumes on the profile, apparent Elliot flat possibly in motion and a triple drive completion in position of Wave B of the flat. Inherently, reversal plays come with a higher risk nearly always,...

Rykin_Capital

Multiple trendline breaks, confirming further downward action. Fibonacci goals not quite met, but there is still time. Divergences not present yet. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green or purple with invalidation in red. Confirmation...

Rykin_Capital

After a complex correction, seeing a rapid change in angle and tone of candlesticks. Trendlines not yet broken, yet indicator wise, change in trend with increasing momentum. Volumes not available on this study, yet I am also willing to make a bet that a vWAP line or one of its derivatives (MIDAS for instance) would show a break. Stay safe out there. We are not...

Rykin_Capital

Fairly complex, not fully shown harmonic proceeding within a positive channel. Confident, gaping breakout past the most recent high after a faint downward expanding triangle. We believe this is W3 of an impulse up. Vortex and relative volatility are confirming. ABC downward zigzag. Gentle ABCD triangle for B Wave here. Confluence of Fibonacci goals shows us some...

Rykin_Capital

Signs of bears waking up on this one. 2-4 line brake with VI flipping a few days ago. Significant for high chance of trend reversal. RVI gaining momentum in the negative. This scenario also fits greater channel confines that IWM has been obeying for months. Could be a start of a downward ?A/X wave. We are not in the business of getting every prediction right, no...

Rykin_Capital

ABC downward zigzag. Gentle ABCD triangle for B Wave here. Confluence of Fibonacci goals shows us some good targets. Bolinger Bands are squeezing. My guess is we are in Wave 4 of a SubWave 3 of an undetermined degree. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are...

Rykin_Capital

Low of D Crossed. ABCDE >1.0Fibtime of A, thus highly likely for entire B Wave completion. IOf this is true, then expecting an impulsive descent down. It is interesting to observe how Fibonacci ratios coincide with levels of candlestick support/resistance. It is a well described phenomenon that is once again apparent here. We are not in the business of getting...

Rykin_Capital

I believe that there is a WXY formation here in the early phases. We are onto Wave X. W=Fibtime 1.0 of Wave A, while we observe a running flat, classical for W,X,Y. Clearly confirmed pivot on the C of W wave impulse, thus expecting a downward zigzag now equal to or less than 1.0 fibtime of W. Yes, we are fans of "Mastering the Elliott Wave." Go have a read if you...

Rykin_Capital

Multiple Harmonics within a channel identified. We have changed the tune somewhat to harmonic theory of market action, but this is not a move away from Elliott. At the end, Harmonics are another or roundabout way to describe Wave action in the markets. For instance, this picture does fit WXY type corrective pattern, if we allow the current formation post a low at...