TSuth

TSuth

Not much to add in regard to Apple. It has been carving standard price action thus far. If this is all to be a larger A wave, then I expect us to get a strong move to the downside soon creating a new low on MACD. I have a potential 1-2 labeled on the chart which would suggest we are about to get a wave 3 of c of A coming up that could create that new low on MACD I...

TSuth Updated 

My last post stated the micro and macro counts were at odds with each other, and that price could go either way. Today I believe we got our answer as price bounced from the smaller target box making a new high in both price and MACD. If price has indeed bottomed, our next target for wave iii of 3 is $203.01 - $211.70 before we get our wave iv retrace. There is a...

TSuth

Nothing new to add on Gold. It is as slow moving as molasses. It is still on positive divergence at this time. Economists are starting to say a recession is expected at some time this year so maybe that is the catalyst gold is waiting on to raise higher. It has always been a store of value and a commodity people flock to in hard economic times. One question I...

TSuth

Looks like the turquoise count it is, and price got a huge boost from earnings. Not before it dropped down to $153.07 (low $150's) as I called for. It took all of 2 minutes for price to drop down that low before rocketing back up to the $190's though. I would expect price to make another high up to the 1.382 extension before retracing for wave iv, but it isn't...

TSuth Updated 

As the title states, the larger and smaller counts are in a battle to decide which is victorious. I have said many times in the past, the larger count is King. Looking at the 4HR chart, MACD has barely begun to head down, and the 1HR chart suggests the 05 Feb low could only be the a wave of this larger (C) wave. Also, we never hit that 1.0 I have continuously...

TSuth Updated 

I want to start by reminding everyone, I don't control your accounts. You and you alone decide when to buy or sell yourself. I post my trades on here to be transparent and give y'all a glimpse into what I am doing personally. If you feel strongly price is going to continue up with this momentum tomorrow, then make a decision based on your own thesis. Don't mirror...

TSuth

Price didn't give us many answers today. We basically stayed in a range, but we didn't make another low either. MACD is rising back towards the zero line, flashed a buy signal, and the positive divergence has held thus far. Price did make a high on neg div in the micros though. So, a slight red day tomorrow is possible especially given where I feel Tesla is in its...

TSuth Updated 

As I said in my last post, I expected us to drop again today. It was a tad bit stronger than I anticipated but CPI can do that. The important thing is we didn't break any critical areas to invalidate the count. I set my stop @ $137 and we hit $137.13 before heading higher lol. Talk about close call. I expect us to head higher again tomorrow towards the final...

TSuth Updated 

So far Apple has been making some pretty standard moves. If you notice I have an arrow pointing out MACD at the bottom. This shows we have carved out the A wave of c. As you have heard me say many times A=C. This suggests we should head down to the red 1.0 extension at a minimum. This just so happens to be in the normal end zone for the larger abc pattern too. On...

TSuth

In my post last week I said, "I could see OMH to tag the 1.786 and that being the resistance that finally pushes us lower for traders to collect profits and shares to trade hands". Well yesterday that is exactly what happened. We hit $1.51 above the 1.786 and then started to move lower. So far we have a 5-wave move down which could either be an a wave of some...

TSuth

If y'all remember, Sunday night I posted 3 different possibilities for price to take. The last two days followed my orange count to the T. I also mentioned if we follow orange, I would be buying more shares. Well today I posted in an update that I bought an extra 100 shares and increased my position size by 20%. Where we are in the count, the risk / reward ratio...

TSuth Updated 

As the title suggests MACD is a little contradicting right now. On the micro 3min chart, MACD made a new local low and then turned right around to make a new high. LOL. The low suggests we're headed down again tomorrow to finish out the orange count. The high that happened right after suggests price is headed up tomorrow and that b is already finished. Technically...

TSuth Updated 

Technically speaking, we have a 3-wave move off the $150.35 high. The MACD on the 15min chart came down and is hovering above the zero line. The 3min MACD appears to be gaining strength for an upward movement. These all point to wave iv being done already and us heading higher again tomorrow to start wave v of (i). Looking at the 3min micro chart though, MACD...

TSuth

As the title suggests, this chart is not being friendly right now to say the least. I apologize for the messy graph, but there is so many possibilities right now it's ridiculous. The thing that is throwing me off, and making it hard to narrow down a count, is the MACD. The fact that it made a new high on 02 Feb really threw a wrench in things. Normally in a...

TSuth Updated 

As I said in the last update in Thursdays post, I don't like this latest price action. It is very choppy and overlapping to say the least. Wave v of (i) cold be in an ending diagonal but even then, that's sketchy at best. I have mentioned time and time again that we still haven't hit the 1.0 extension to the downside, and 99.99% of the time A=C. Maybe I'm missing...

TSuth Updated 

Rivian, much like Tesla has a couple different counts that are possible where we're at right now. In the bottom right of the chart there is a key labeling the different counts. ALL three have an equal chance of coming to fruition. They're also all very similar to each other but the details are important to the long-term count. Primary suggests iv is done and...

TSuth Updated 

As the title suggests BTC is headed higher in its wave v. Without going too much into it, the wave v target for BTC right now is anywhere from $50k-$70k. This, IMHO will help to drive up Coinbase even more and pairs nicely with my predictions. If you look at the top right of the chart you can see my wave v of (i) label. This shows my price target for this part of...

TSuth

I have been really looking at AMD lately because it has been on a tear for years now. In 2018 it was trading for under $10 and closed over $172 dollars on Friday! Thats a 1620% return on your investment in 7 years...talk about insane! Last time I posted on AMD I made an hourly chart and I believe I was off by one degree. The main chart you see above is the daily...