The SP500 is skyrocketing at the moment. It's reaching new high levels and making everyone to FOMO into chasing the ATH. But I think it won't stand for so long and crash anytime. TA: SP500 made a leading diagonal (LD). LDs are known to have deep retracements. The 1st usual target for a LD's retracement is 61.8% but it very often reaches even 78.6%. So it is...
Small update: Last time I published an idea on the SP500, I wrote the entire move down as an (A)(B)(C) Zigzag. But the recent last price action we had on the last leg down looked like a 5 waves move to me. This changes my idea a little bit with having the entire move down as a Leading diagonal instead. Also because of the (4th) wave coming into the price area of...
Last time, on June 2, I published an analysis on the SP500 where it could be developing a wave (B) of a flat. We are now ending this wave (B) that should leave space for new highs as wave (C). FA: Today is the FED's FOMC meeting and we will know whether they will rise the rates or not. The plan is right now 50bps rise. If they don't raise more expect scenario...
Last time I made an analysis on the daily on BTC I told that the downtrend wasn't over and that we would probably reach the 38.2% retracement support of wave (3) at the price of 22 134 $. We have now reached it and even just a bit lower. There's therefore a huge chance that the bottom is in now. FA: Maybe the FED are going to completely focus on keeping the...
Last time, on May 20, I published an analysis on the SP500 where it could be developing a wave C of a flat. We are now ending this wave C that should make one last high as wave ((v)) of C to end it around 4250$. TA: Scenario I: The entire move down from the all time high (4th of January 2022) to the low point of 3859$ (12th of May 2022) looks to be an ...
In my previous analysis on GOLD, we searched for the bottom of wave ((2)) which ended a bit lower than expected but still within its' range. We are now strongly rising up from it. TA: From the bottom of the 16th of May, we first did a 5 waves impulse ((i,ii,iii,iv,v)) as a first wave 1 of (1) of the larger ((3)) that is developing. The 2nd wave also look to be...
Crude Oil has been very tricky lately and it looks like it is going to continue further down before making a new high. I know it's very near to do so but until we have I am very in favor of the bearish outlook of it. The count begins with an ABC zigzag starting the 25th of April and ending the 17th of May 2022: >Wave A being an impulse ending the 29th of April...
In my point of view, this count is the most probable one for now but it isn't garanteed to happen yet. To be sure we would need more price action. But I found it as an interesting choice to share. TA: This count starts with making the All Time High as the end of the previous bullish trend with an ending expanding diagonal* as wave (5). The entire move down...
BTC has been ranging this last week at around the price of 29 000 $ after having spiked up from its' bottom on the 12th of May 2022 around 25 400 $. I beleive that the coming week ahead is bullish. If you take a look at my previous daily analysis on BTC/USD, I described the move we currently are in as wave ((iv)) in the larger degree. This means that we should...
It seems that Silver has finally finished its' pullback and, in my point of view, already made its' last low to begin to new highs. TA: Silver looks to be in a large Zigzag* with: > that finished the 7th of August 2020 at 29.8$. > wave that resulted into an expanded flat** with its' wave (C) that developed into an expanded ending diagonal*** . This...
The SP500 has been tricky these past few days. Why it is so is because, in my point of view, it is making a pullback and therefore shifting the trend to the upside. Very often price action can be hard to understand during these shifts. For the entire count since All Time High, I have 2 options, one is bearish and the other one is very bearish. The move down began...
Cardano holders have certainly had a rough time. But the pain might soon be over. I don't expect it to be over just yet but maybe around this late summer. This idea is, as usual based on the ewt and feel free to ask any questions or state disagreements. The 2nd of September 2021 marked the all time high at a price of around 3$. Since then, cardano has been...
After having had a bearish stock market, some stocks have fallen to really cheap prices. Spotify is an example of it which has fallen down almost 77% from its' all time high. I know that the downturn might not be over but after having done an ewt analysis, the most probable count is showing a bullish future. This count is based on the fact that we have reached or...
After that Tesla recently made an impulse down since the 5th of April it has been indicating for a short term bottom or simply for the end of its' correction. This analysis is showing a short term bullish price action but the longer term is still unclear. ABC scenario: From the 4th of November 2021 until the 24th of Februari 2022 Tesla has been going down in,...
Analyzing the chart of BTC/USD hasn't been the easiest thing to do. But I have finally found a count that does actually make a lot of sense, not only with BTC but also with the general stock market. Basically, I think that BTC should rise the coming 1 or 2 months and after fall to make a last new low. TA: I think the problem is that many ewt traders counted the...