machariavictor017

machariavictor017

Wave 2(Green) was a Zigzag and we should expect a Flat correction for a Wave 4. An A Wave forms shortly after Wave 3 was formed and a Wave B should follow. B's have 3 waves-- two impulses and one corrective-- and in this case Wave A was a simple Wave that was corrected by a Flat for B(Black). Our last impulse is a 5 Wave move and is marked in Black. We are...

machariavictor017

The market drops to the 61.8% Fib and a confirmation would trigger the last wave of Wave B. All other analysis remains the same as earlier posted. This is just an update.

machariavictor017

Our Green Wave 2 was a Flat and we could expect a Zigzag for the 4th Wave(Green). Zigzags have 3 waves just as Flats but they do not allow their B Waves to go beyond the previous impulse-- in our case Wave 3(Green). A retest and confirmation at the 161.8% Fib would trigger a Wave C(Red) and on its completion, would be named B(Black). A retest around the Fib 261.8%...

machariavictor017

The structure seen is a 5 Wave move and is part of a B(3 Wave structure) of a Flat marked in Black. In this 5 Wave move marked in Red we can see that Wave 2 was a Zigzag, meaning our Wave 4 would be a Flat. Wave 3 hits the 161.8% mark and moves back to form an A of the Flat marked in Green. B must be a 3 Wave move and must move beyond the ending of 3(Red). When...

machariavictor017

We are in the Wave B of Flat that started in late April 2024, and from the rules of Elliott Wave, B must have 3 waves(two impulses and one corrective). The first impulse is marked in Green as Wave A. Wave B(Green) is the correction that comes inbetween the two impulses and is a Zigzag. Our last impulse unravels in a 5-Wave move and is marked in Blue.Wave 2 of this...

machariavictor017

My reasoning; Wave 2 of the Wave was a Zigzag from the weekly time frame, and as per the rules, Zigzags must be followed by Flats in any correction-- meaning our Wave 4 must be a Flat. Indeed, Wave 4 is a Flat, seen clearly in the daily time frame and it begins after Wave 3(in Black), with a three wave move that is not deep enough to be a correction. This is...

machariavictor017

A 5 Wave move to the upside started around mid October 2022. Wave 2 was a Zigzag and 4 should be a Flat as per the rules. Indeed Wave 4 is a Flat and we are currently on Wave B of the Flat marked in Black. As we know, Wave B of a Flat MUST have 3 Waves(Two impulse and one corrective) marked as A,B,C(all in Green) and we are on the last Wave(C) of Wave B. A retest...

machariavictor017

We are currently in the Development of a massive Flat after Wave 5(Green) hence Wave 3(Black) ended. Wave A(Red) followed and a Wave B(Red) is in the works. Wave B of a Flat has 3 Waves, two of which are impulse and one is corrective. The last wave of the three waves must go beyond the Wave 3. In this case our Wave 3 is marked in Black. Back to our Wave B of the...

machariavictor017

Marked in Blue is the Main Wave. This wave expressed itself in 5 Waves. Though incomplete at the moment, we can see that Wave 4 is completed and a lunge to the upside would complete Wave 5(Red), hence Wave 3(Blue) of the Main Wave. After 3(Blue) is complete, a Wave A would begin for the Flat as a Wave 4(Blue). How do I know it would be a Flat? Because Wave 2(Blue)...

machariavictor017

A complete 5 Wave move marked in Brown ended in confirmation at the 261.8% and 161.8% Fib levels. We can expect a buying move to the 361.8% Fib to complete the 5th Wave. Keep in mind that is the last Wave of a B(Green) of a Flat. What follows after that is a Wave C. The Elliott Wave is the map and compass of the Market and this is one clear example.

machariavictor017

A corrective structure that looks like an impulse bursts from 13th Oct 2022. This is the Wave B of a Flat and as expected, it should go beyond Wave 3's end. Flats have B Waves tat unfold in 3 waves. An A, B and a C- S&P is no exception and obeys Elliott Wave Principles. After B(Red), is a 5 Wave move that has a zigzag as its corrective wave for 2 and as per the...

machariavictor017

Psychology. The human factor that runs the Markets from Panic, to Confidence to Over-confidence. The Elliott Wave is in the DNA of everything in Nature. As humans, we are no exception. Nature has patterns- and patterns repeat- so much so they can be studied, measured, calculated and predicted. Bitcoin. Lets look at the example. Right off the bat, is a Wave B of...

machariavictor017

This is a zoomed in chart of a previous post where we see two Stock Market Crashes in a single chart. The Financial Crisis of 2008 was simply the last wave of a 5 Wave move. There are two retests on different 423% Fibs. emphasizing the end of the larger correction which by the way began with the Dot-Com Bubble(another ''Stock Market Crash''). Follow...

machariavictor017

The first is the Dot-Com Bubble that happened in Early 2000. This was the end of Wave 1(Black) and a retest was on the horizon. The market corrected with a zigzag marked in Red late in March 2000. What followed was a sharp drop Wave A(Red), B correction, and a 5 Wave move to complete Wave C of the zigzag. The 5 Wave move to Red Wave C is supported by Math as it...

machariavictor017

This current 'pump'(Wave 5), began in November 2022 after a Wave C(Blue) reached the end, hence Wave 4(Red) was completed. Waves are inevitable as they are guided by the laws of nature. Nothing always goes up, there must be dips, some small and some very huge. Highlighted in a Blue line is 'dip' and based on 'Advisors', they would say buy the dip. This is not...

machariavictor017

This is a good example showing how Bitcoin adheres to Elliott Wave Rules, as does everything in the Market. As stated other publications, the Elliott Wave Theory is more than just a Theory but how the market works. Bitcoin won't always buy, there will be ups and downs. Timing is key. If there is an over-investment just before the top of Wave B, ''Buy The Dip'',...

machariavictor017

Wave 3 corrects in a Flat formation that is exactly 100% of Green Wave A. Upon completion, there is beautiful retest and a big move downwards to complete Blue Wave C and hence Wave 4 of the Flat. Wave 4 also corrects at 50% of the Red Wave 3. This whole Flat occurs between 161.8% and 261.8% of the main Wave. This is a weekly time frame and these are some massive...

machariavictor017

All of the market obeys Elliott principles by design. At the core of the market is psychology(human nature and logic) and numbers. Psychology is catered for by Elliott Wave and the numbers are catered for by Fibonacci Sequencing. On this chart, you can see Elliott principles being respected. This to me is more than just a theory and should be studied in-depth. I...