fibtradez

fibtradez

Looking for a double correction to ~$780, perhaps the 200 day EMA

fibtradez

Looking for a correction lower in the ASX to ~$6900

fibtradez

Here's a count I've been tracking for a while on the S&P500. What is interesting is the Fibonacci confluence around 3585: .618 extension of minor W / Y 2.618 extension of minute w / y 1.276 extension of minuette a / c In conjunction with the top of the expanding triangle, and trend channel. Will we get a pullback to 2700 and then a pump to 4000 over...

fibtradez

Today the SPX500 filled the Feb 2020 gap at the resistance of the Jan 2020 high of what has been a tremendous rally from the March lows. Will the bulls (aka the Fed and the Robinhood gang) push price higher to the ATH, or will the starving bears come out of hibernation and have a feeding frenzy? Time will tell.

fibtradez

The Feb 20 gap has been filled at the intersect of the .618 pitchfork. Maybe those neglected MA’s will get some love?

fibtradez Updated 

Markets don't move in a straight line up and when overbought, they will revert to the mean. Given the economic circumstances and the Fed withdrawing liquidity, I think that time is now. My primary Elliott Wave count has a pullback to at least 2900 for an ABC correction. However if we get an impulse to 2700, then I'd expect a small bounce and another drop to...

fibtradez Updated 

Following on from my previous analysis, the S&P 500 is retracing it's 2nd wave towards the .786 .887 area, confluent with the .618 retrace from the ATH. It'll entice the late bulls to go long and shake out the nervous bears, but I'm doubling down on my short entry here. See you at the bottom.

fibtradez Updated 

Price has moved correctively up into the .618 golden pocket retrace at the same time the announcement that 1st quarter GDP has reduced by 4.8% with fears that next quarter will be 30-40%, ending the longest bull run since the Great Depression.

fibtradez Updated 

After a ~35% panic drop in the S&P and a bear rally fuelled by the fed money printing machine, will reality finally catch up with the market? Record unemployment, lackluster company earnings, a shutdown economy, a worsening health crisis, uncertainty for the future, declining volume & momentum - all ingredients that reduce investor confidence which will...

fibtradez Updated 

In my last idea, I posted an idea about a short for Gold. Now that we have some additional price action and information, I want to present an alternate count. This count is a double zigzag with a complex X wave which is an expanded flat. Expanded flats are tricky market maker plays which, in a downtrend, squeezes the shorts and bleeds out the longs, making...

fibtradez Updated 

While I'm bullish about Gold long term, I'm counting a triple zig zag WXYXZ that needs to play out. The recent push up touches the 1.276 extension perfectly at the .786 retrace. From here I see price consolidating towards 1400 before resuming the uptrend. I know a lot of people think Gold has broken upwards, but I think they'll be caught out. It's a game of...

fibtradez Updated 

Bitcoin is in a wave 4 WYZ complex correction which will take the bulls for a ride and leave them hanging as it plummets in price to lower lows.

fibtradez Updated 

The top is in and we are headed down. See my other chart for the macro view.

fibtradez Updated 

Here's a closer view of the expected 5th wave, after some slight adjustments. Refer to my previous chart for background detail.

fibtradez Updated 

Here's another refinement on the idea I've been tinkering on over the past few weeks. It's based off the fractal from BTC in Jan 2018. This current rally is a bull trap. Be careful, don't get caught out.

fibtradez Updated 

I've been following this emerging pattern for a while now and believe it's a WXYXZ triple zig zag corrective wave after the recent rally we had. I don't think the rally was a bull rally though. I think it was a B wave and we are now in a massive 2 year C wave which will play out similarly to what happened in the A wave of 2019.

fibtradez

A few days ago I published this idea which is playing out nicely (for the bears, not the bulls) I think the formation is actually a triple zig-zag, not a double. But either way, the end result is the same. Here's a comparison to what happened in the last bull run in Dec 2017. This bull run, like the last, has been a suckers rally, and we all know what...

fibtradez Updated 

In the parabolic bull run of Dec 2017, it all came crashing down in tremendous fashion - a double zig-zag WXY - and then a dead cat bounce and slow bleed out to the downside over many months. My, my how history repeats itself. It has become apparent that the exact same initial pattern is unfolding. Parabolic runs will always come tumbling down, this is the...