On December 6, 2022, after breaking out of the corrective wedge in which the market was in since October 13, the SP 500 index ended wave 1. Currently, I expect corrective wave 2 and a retest of the upper edge of the channel (green) and then I expect a fall in wave 3 with a range of around 3400 - 3435 where we have the range resulting from the flag formation (1 to...
Since the beginning of 2022, we are in a corrective wave of 3-3-5. After testing the upper edge of the descending channel which was at 4101 and was the peak of wave 2, I expect dynamic declines by the 3rd decade of January 2023 and a test of the accelerated downtrend line (red) around 3300. You will notice a powerful divergence on the volume. Attention, tomorrow...
Brent crude oil is in the B correction wave with a potential range to the upper edge of the growth channel. I expect an increase to $ 136 then corrections under wave C with a range up to $ 80.
Crude oil is in the B correction wave with a potential range to the upper edge of the growth channel. I expect an increase to $ 131.50 then corrections under the C wave with a range up to $ 70.
Natural Gas, upon reaching the upper edge of the growth channel, simultaneously performed The growth structure of Fibo 1,2,3,4,5 and corrective A, B. At the moment we are in Correction wave C with a potential range of 5.571 or even to the lower edge growth channel.
The gold after exiting the triangle formation and reset should go up z potential reach of $ 2,500. Additionally, we are on the lower edge of the canal. Growth and we have confirmation in the form of a volume reaction which additionally confirms my belief in height. To sum up, wave 3 is ahead of us.
From the peak of 16771 the market corrected to the level of 11488, canceling 0.50 of the Fibo range (wave IV). Theoretically wave V is ahead of us, but the market is still dominated by bears. At the moment, I expect a correction to the upper edge of the downward channel (blue line). Then I expect another downward impulse which will test the 11488 level again....
The downward wave stopped at the 0.50 mark of the Fibo. If the market does not fall lower, it means that the wave of V is ahead of us with a potential range of 17775 where we have 1.62 Fibo range. We have a visible increase in volume or there is a chance for a nice profit.
After reaching 15267 (wave 3), the market corrected ABC (wave 4) to the lower edge of the upward channel at 14190. At the moment,I expect an upward impulse (wave 5) with a potential range of 15800-16000. A drop below the 14190 level will be a return to deeper drops.
The market, having reached the level of 16771 (blue wave 3), made a correction to the level of 13718 (blue wave 4). At the moment, I expect an increase to 19,500 (blue wave 5). From this level, I expect a few monthly correction to the level of 12,200 (as part of the correction of the big wave IV).
Entrance from level 16535 SL 16600 TP1 16159 (1.61 Fibo range) TP2 15898 (2.62 Fibo range) TP3 15639 (3.61 Fibo range) TP4 15512 range of the previous impulse - if I persevere Volumen on our side, Stoch We start wave number 3
The crash is coming. The market at the peak of wave 3 (16771) corrected to the 15163 range, At this point, I expect wave 5 with a potential range of up to 17,500. Then I expect a few months of ABC correction with a range of 12100-13100. Oh, it will be happening.
We are starting wave 2, the range of which I estimate at 4500 - 4270. Entry 4800 SL 4820 TP1 - 4500 TP2 - 4270
The market corrected the ABC and dynamically rebounded from the 50% retracement of the Fibo. The key resistance is 4600. I assume a breakthrough and a continuation of the uptrend with a range of 4970. In the absence of a breakthrough of the 4600 support, we return to drops below 4500 (about 4400).
Sell No 1 from level 4740 hedged in profit 4700. Now expect a slight rebound to the level of 4650-4660 and set it there SELL No2 with TP1 - 4515 and TP2 - 4480. And from the level of 4480, I start collecting Longs with a range of 5000-5300 (wave 3)