wolffarchitecture

wolffarchitecture Updated 

Makers holding this thing up...Long for next 2 weeks then, mid May after options expirations... very cautious. 21,720- 21,800 is pivot where one might want to consider taking profits or trying shorts, sfterwards market could go anywhere

wolffarchitecture Updated 

Today the Nasdaq made a Bullish trendline check and breakout to the up-side. Looks to be a sustainable rally. Also the Ichimoku is breaking out on the daily. If you have hedge positions this the potential BULL rally you might need to manage those position through. Seems we are lining up for good news, Bullish narrative: Ukraine mineral deal, May 06-07 interest...

wolffarchitecture

Market drop will begin to form temporary bottom, to start final leg up to complete ending diagonal 5, Then back down for a larger Cycle wave 4, then up. So we are officially in 4-5. 4-5, ending diagonal land.

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VTI is approaching a point to bounce ether starting Friday or Monday. Lets see what happens

wolffarchitecture Updated 

KOLD (gas short 3x) seems like an nice straight forward Elliott set up, scale in you position over time, (gas can bounce before it gets started) good 100% potential gain. GAS is volatile so Please do NOT use margined and don't bet the farm or the kids. Don't Gamble GAS should be just one average size position of the many. (use risk management)

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I’m unsure whether this is the ideal time to buy or simply begin accumulating, but the company, which 3D prints custom fire-resistant concrete single-family homes, may finally have the opportunity it needs in Los Angeles. Local news has covered the mayor and ICON executives participating in photo ops and check giveaways to families displaced by recent fires. While...

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BTC doesn't want to leave its Friday closing price, good day trading practice. These are all real (not changed after the fact based on patterns and price levels) I have 1 small long in there (hard to find). This is not a prediction of what might happen the scale is way smaller than my normal trading. I would say I'm bias short on the 15minute, but on a daily...

wolffarchitecture

I consistently find that SPX / DXY provide the most reliable wave patterns. I'm anticipating a healthy Wave 4 pullback in the near term. Currently, I am gradually building hedge positions and taking profits while exercising caution ahead of the upcoming inflation report

wolffarchitecture

Someone once said, "The most bullish thing a stock can do is go up". However, in this case, the most technically bullish move BTC can make is to complete its lower-level correction (a-b-c). If BTC continues to gradually rise, it could suggest the formation of a higher level Wave C of B, which my turn bearish

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After DXY complete triangle up (3 waves) to 105, I am expecting a 1 year slide lower to support at 88

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Bulls not done yet, look like anywhere form 1 to 2 more wave 5 in the tank.

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This is what I see based on fractal patterns from the past: we are currently in the middle of a large five-wave triangle of distribution

wolffarchitecture Updated 

This seems about right, ITs good to have the FED let us know where the top is going to be. Once the rate cut happens (or no rate cut happens) big tech exhausts itself / the narrative changes and its about the election ?

wolffarchitecture Updated 

As long as we stay above 1.35 I think we going up to 1.5 or 1.55

wolffarchitecture Updated 

While price seems extreme bullish, (Yellow 1-2, 1-2,....), There is a potential ending diagonal count to be considered at this point. Either way Bull or Bear a slow down or consolidation seems likely.

wolffarchitecture Updated 

For those SPX Bears who have noticed the percent(%) of stock above the 50-day has been dropping from the beginning of 2024 and wondering … Why hasn’t the SPX been dropping as it typically does when this happens ?,....Unless SPX drops suddenly , here's the 2024 plan: First: If you have noticed this your way to smart and shouldn't be trading stocks (try landing...

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We are either at or 5% near the top. Dell has risen all on AI HYPE , earnings have been lack luster and do not support this rise/ technically overbought with divergence on all time frames. IMHO, This is a straight forward SHORT set up with stops above 85, or highest high. I think it will go lower at a minimum to test the previous ATH and fill the 55 ...

wolffarchitecture Updated 

Seen this before. short tern bearish need to go now, good luck