yuchaosng

yuchaosng

Based on Support and resistances and Fiboancci extensions and retracements, I expect the retracement to hit 36375 before turning down again.

yuchaosng

I think USD/JPY is going down because: Macro-fundamentals: 1. Fed has the mandate to cut rate now. 2. BOJ still thinks that their recent increase may be insufficient. 3. Stock market is still coming down and there will be flight-to-safety and Yen has a safe haven currency status. 4.Unwinding of carry trade of USD/JPY Technicals: 1. Breaking down of trendline 2....

05:36

yuchaosng

1. Completion of 5 waves 2. RSI divergence 3. Volume decline 4. Breach of trendline

yuchaosng

Following up from my previous idea to stay neutral, I think now it’s time to go short Bitcoin again based on: 1. Completion of ABC wave, and 2. Rejection from Fibonacci retracement of 61.8%

yuchaosng

I had recently made a call to short NVDA (on a weekend). These few days NVDA only went up, straight up. Now that price has reached around 0.786 retracement at $135.91, I think it is a good time to enter short. Keep your risk tight!

14:15

yuchaosng

In this video, I present the bearish call for NVDA using Elliott Waves, Fibonacci extension levels, RSI, and Volume analyses.

07:57

yuchaosng

I think that Gold is still going up and in this video I discuss the EW structure in relations to Cup-and-handle pattern and uses Fibonacci extension levels to project a minimum price target above $2600 and expected move to $3000.

yuchaosng

This should be self-explanatory. Litecoin have broken down from the trendline. Additionally, Bitcoin is also on a wave 3 move down.

02:46

yuchaosng

Bitcoin move down has completed in 5-waves. I would say that this is wave 1 of 3 and now I am expecting wave 2 of 3 to form. The not-so-active strategy will be to stay neutral and wait for opportunity to scale in a short position. More active traders can attempt to long Bitcoin here but keep your risks tight and be prepared to flip.

16:50

yuchaosng

On a very high level, I am expecting HSI to start moving down again on a triple combination correction since Jan 2018. Of course, you can consider it as a major ending diagonal (3-3-3-3-3). Where we are right now is the last down move that should breach the low made on 2nd Nov 2022. The entire move should take us to Q4 of 2024 at the soonest. Trade with...

02:27

yuchaosng Updated 

Note that this is the 3rd time that I have suggested to short NVDA. The first time we were fortunate as price gapped up and thus the trade wasn't taken. The 2nd time was stopped out yesterday. And this is the 3rd time that I am calling for NVDA short. The risk-reward ratio is good. Keep it tight.

07:19

yuchaosng Updated 

1. Wave 2 completed. 2. In the midst of wave 3 at the minute degree, minor, and intermediate degree.

06:36

yuchaosng Updated 

1. Completion of double combination wave 2 ​ 2. Start of Wave 3 down. ​ 3. Expects Nikkei to fall to 32323

02:51

yuchaosng Updated 

Update to my idea previous where I mentioned that I expect a wave B down and then a wave C up. Now that I expect this wave 2 to have completed, it is time to short BTCUSD.

07:05

yuchaosng

Previous analysis on 20th March 2024 (linked) would have worked but with more downside than expected (~50 points). Currently, we have a potential ultimate peak in S&P500 on 23rd May 2024. Take note that this idea will be invalidated with a new high and that could mean much higher prices for S&P. However, as traders, we are concerned with risk-reward and not...

yuchaosng Updated 

I had previously mentioned to wait to short NVDA with resistance around $970 and expected their earnings to push the stock to gap up to just below $1000 (I had expected around $991). But good thing is that it gapped up way above the 2 prices mentioned above and actually made a perfect top at the Fibonacci extension level. Meaning if people had waited according to...

06:19

yuchaosng

1. USDJPY going for 5th wave up in the short term. ​ 2. Long term is extremely concerning as there are no resistance above 161. Might move above 200.

05:49

yuchaosng

US 20Y yield had hit my previously projected target (idea on 3rd May). Now I expect a corrective wave up in A-B-C and then a wave 1 = wave 3 move down (minimally).