shamgar331

shamgar331 Updated 

Looks like NVDA will top this week with a couple dojis near $136.83 to end the week, then a small correction toward $126;and then a push higher to end June and the 2Q at near $143.87 After hitting $143.87 a 3 wave correction like Mar-Apr correction toward $116 while market digests the recent bullish move finishing its 3Q-4Q higher near $145

shamgar331

Looks like RTX is in the last leg of an ending diagonal as shown in the parallel channel; A-B-C-D-E. I think we can see a corrective wave in toward the $90's which would be a good buying opportunity, once we hit near $130-$150...time to take profits and wait many years for the low between $40 and $70. I think the blue arrow path is the relative future...

shamgar331

Monthly, From 1976-ish Looks like we can count a clear 5 wave down ending in 2012. Starting Feb 2012. Wave (C) is a few pips larger than wave (A) I think wave (D) is still in progress soon to start wave (E), wave (D) going below wave (A) will validate this is not a impulsive 1-2-3-4-5, wave (1) From Jan 2023 to Oct 2023 I think is a clear 5 waves (a) now...

shamgar331

My interpretation of Elliot Waves for NZDCHF on a weekly chart. Around October'23 I lost hope of NZDCHF going lower due to price closing at the 50% fib retracement. In my observation when price closes at a 50% fib retracement - that is the reversal point. I thought Aug'23 was wave 3 and Oct'23 wave 5...I thought I missed the low. But the sideways move for wave...

shamgar331

The way the market moves is a fascinating Fibonacci puzzle. Whether the trend is down or up, there is a Fibonacci level waiting to be hit as a reversal and/or target. USDJPY is shown here: This is a monthly chart. Using the Fibonacci extension from Dec 1, 1975, I've modified it to record the actually Fibonacci number past the old "1.618" to include 5, 8, 13,...

shamgar331

Fib extension coordinates using first impulse wave from Oct 26, 2023 price levels #1 14062.16 #2 14118.99 #3 14058.33 Of course fib extension tool is modified removing irrelevant prices with real fib numbers. There are fibs past 1.618 :) Technically we're sitting (Green arrow) on support; previous resistance (Black arrow) We are looking at price chart...

shamgar331

Using multiple fibs from multiple time frames, we should see a pull back at $18858 while heading toward the 5th wave at $19319 with a pause/correction around $19115 Blue line from wave 3 to anticipated wave 5 is the same length as wave 2 to wave 4. Therefore arriving at $19319 - final 5th wave. Starting at the bottom of wave 4 using Fib extension, we plot...

shamgar331 Updated 

Gold is in the middle of a 5th wave Watch for reaction levels at 1. $2144 2. HKEX:2263 before heading to the final 5th wave at TWSE:2419

shamgar331 Updated 

Sharing monthly Nasdaq levels of interest using Fib retracement tool. From 2003 low/2007 high/2009 low. See how the market respects every fib level. How it misses a response at the 6.618 in 2020 to come back to it in 2020. If $16895 isn't hit soon, $12471 will be next

shamgar331 Updated 

Looks like we just completed a leading diagonal (1 / A ) corrected (2 / B ) and heading to new highs ( 3 / C ) If we don't take out $274 to form a larger correction, this should be a long 5 wave all new highs move. Looks very impulsive to me. $355 is the 100% of (1 / A )

shamgar331

This is fairly clear wave count. Each retracement took about the same amount of time. It appears we are completing the end of the 5th wave(estimated blue path) Although right below the current price, we "can" say 5 waves are complete. In the green rectangle is a fair value gap. I'm assuming price will pass through this area toward 4.34% 4.34% is the .786 fib of...

shamgar331 Updated 

from the weekly chart, clear breakout. Fundamentally, debt ceiling funding hasn't impacted equities. From what I understand, when TGA is replenished and Fed continues QT - liquidity should start draining the system which should bring equities down...but until then there is still liquidity. technically, Fib levels are revealing and on point. If this is a 3rd wave...

shamgar331 Updated 

Middle of wave v of 3 Once wave 3 completes, we should see wave 4 an A-B-C movement toward 87-90 before we see a final 5 wave move down toward 81. 81.32 is the low from Jun 2002! 81.13 is the .18 fib retracement tool stretched between fib extension tool

shamgar331 Updated 

Sharing fib downside levels to be aware of. This starts out with a Fib extension tool starting from Dev 07, 2021 Here are the 3 prices if you want to place on your chart. $155.12 $152.52 $151.47 If we break 93.88, look for more downward pressure toward $90.44. This price may be a turning point. It's very common for price to reversal(for a short time) at 50%...

shamgar331 Updated 

Sharing how Fib extension can catch tops and bottoms / support and resistance. Here we have the 2yr bond yield with the 3 pivot points (marked by blue price notes) for the fib extension at Mar 24 low, Mar 31 high and Apr 05 low. Last nights .5-ish move was suppressed by the Fib 3 boundary. From an elliott wave perspective, there are so many 1-2 waves from the...

shamgar331

We are near the end of completing a complex correction consisting of several 3 wave structures. I'm labeling them A-B-C-D-E. It could also be abcXabc; but in any case the trend and prediction is down. I'd like to see the correction take as long as the impulse. July 3rd is at a minimum the same length of time. Destination for wave E is in the green box 1. is...

shamgar331 Updated 

Watch these reaction levels on BTSUSD, based on Fibonacci To the high side 1st level $24337 2nd level $24841 Low side where we can find support 1st level $23377 2nd level $22235 3rd level $21338 4th level $20079

shamgar331

Sharing important support and resistance Fib levels to watch for High levels 1 $ 2079.60 2 $ 2280.93 Low levels 1 $ 1813.88 2 $ 1731.80 3 $ 1649.71 4 $ 1532.86 (apr 2024) You can take these levels and place a Fib retracement tool between them to get more granular on say a daily or 4hr chart. I'm labeling Elliott waves with the...