PGNY can bring us a huge profit! It's major correction has been ended? Probably yes. ! Lest follow the analysis to see the details. As shown on the chart , PGNY has beautifully completed 5 leg up wave from IPO to ATH . This all way up can be labeled as primary wave 1 . There is no doubt about completion of this long term up going wave. Do we have the...
RUNE is trading near strong former support which is now acting as a resistance. Strong support/resistance static line with several hits (7 times ) is shown on the chart by thick red line. This static line supported the price for 5 times before breaking down. After break out , RUNE has found a new support and currently is at mentioned line again and may...
NASDAQ 100 E-mini Futures is showing a beautiful channel play ! There is a high slope minor up going parallel channel in low slope major up going channel. Index is reaching to upper top of both channels and reaction will be exciting. Break out from down side of minor channel will probably triggers for downward move to base of major parallel channel. In this...
Nasdaq 100 index is going to fight with strong resistance again. Who wins the battle? Lets follow ! This strong resistance is formed by 0.618 Retracement of latest drop in the index from 12897.63 to 11311.05 and a static support/resistance line with several hits which makes it very powerful and valid one. Our static line acted as strong resistance from Sep...
BROS is offering a low risk short setup ! We previously discussed BROS in terms of Elliott waves and made a nice profit form latest major down going wave (See related idea ) . Here we are going to investigate the stock in terms of Price Action. After major decline and gap down after disappointing earning , BROS made a nice pull back to broken strong support...
TSLA found a strong support at 50 % Retracement level. Does it continue to move up? There are many details and somehow interesting tips in the video which you may find helpful ! We always trade safe and smart don't we? Good luck everybody !
APD is presenting a nice short setup ! APD is most likely is inside wave 5 of 3 or C and also most probably has completed wave 1 and 2 of this mentioned wave 5 ( shown as V in chart) and currently is in wave 3 of 5. What all these means? Meaning is a decline down to first and probably second target shown on the chart is on the way. In spite of nice short...
Legendary investor Warren Buffet is pouring billions of dollars into Occidental Petroleum Corporation ! when it rejected heavily from strong and valid down trend line ! why ? Please note Buffett is a long term investor not a trader !. US market has been in a Bull run in large time frames (Yearly or Monthly) since 1932 therefore, any long term investor who...
AMR MAY offer a fresh chance for opening a short position ! Stock has recently lost 50 day moving average which now acts as strong resistance . Stock struggled 4 days to take this previous support back and was not successful at all . AMR also, lost the last low ( marked by arrow ) which is a sign of trend reversal . In addition, It has completed the pull...
How can we find a Potential Reversal Zone? Is it enough to just make a simple Retracement or we can make our support zone narrower? how can we be more confident about our possible supports? What are Fibonacci levels for different types of Fibonacci and what are typical ones among them? How can we implement different wave degrees to make our PRZ even...
How amazing we were aware of possibility of the strong collapse in ETSY stock on 4 NOV 2021 by means of Elliott waves! ( see the worst case scenario below ): ETSY has completed a long term 5 wave up going cycle and now is correcting it. The Whole Correction may end at 156 ( Which I give very low probability based on wave forms), 121 or even 70 USD...
Best and Worst case scenarios for ETSY stock is shown on the chart in order to get general insight about the position of ETSY inside larger wave cycle as promised in related idea. All the detail about current position of stock and LONG and SHORT opportunities are explained in related published idea so, I refer those who want to make profits to that...
XOM is beautifully formed a classic cup and handle pattern. So far, we have break out , pull back and only remaining point to safe entry is a bullish candle above 92.05. First target which was obtained by adding the depth of cup ( shown as H on the chart ) to the break out line is 104-105 USD. Please note the crude oil trend is also up therefore , it is...
Hi Great followers, smart traders and brilliant investors ! SPX was down since start of 2022 and so far showed -13.79 negative performance however, not all S&P 500 sectors are performing the same ! In fact, some of them specially Energy Sector (SPN) is doing great and strongly outperform all other indices (See related idea about SPN VS SPX if...
Targets are shown on the chart: Next possible play: 1. Up to 105-107 2. Down to 96-98 3. Up to 132-135 Good luck !
BABA is a beautiful example of ANTI complete cycle ! Many Elliott wave practitioners are not aware of different types of wave cycles ! They may consider themselves as a genius in a bull market ( As everyone else !! ) but suddenly thing change and they can not understand what is happening in a stock or market ! On the left side of the chart there is a...
Making complicated analysis does not make anyone a genius ! Sometime simplest analysis works the best ! This type of publications is not my ideal and usual one but everybody knows that following the trend is the base stone of every trade ! If we can not detect the direction of the market correctly we have no way but embracing painful losses !. LINK, when we...
Today, I finally decided to publish what I have in mind for several weeks ! End of half of century bull run? Lets follow ! I really did not want to publish this idea since it is really terrifying but, as it is a possible scenario right now I decided to warn readers to just keep this in mind . This will help us to be cautious when opening long positions, to set...