The Long Investor

$DKNG

There was an oversight here from me, in the large white circle I had originally counted as an ABC after bottomining because Wave 1 did not look impulsive to me but now we can see that it was a lead...

$FSLR - RC -

$FSLR had a wobbly month but managed to stay above the red line which is the impulse invalidation line, as wave 4 would have infringed on wave 2.

It had lost the yellow trend line leading up ...

$LRCX

Another reminder of this chart too.

Manage to handle the last 3 months very well too and stayed above the 200 Day MA and also used this as a support level to bounce higher.

Price is sta...

$MSTR

$MSTR suffered over the last 3 months with the market and the other crypto related companies but the chart has remained the same, the first and second targets have not changed, we can see that the ...

$RIOT

Just a reminder of the larger chart for $RIOT till the middle of the summer.

The price is starting to drift higher here and there has been a lot of positive sentiment towards crypto lately, s...

$LI

$LI the machine.

Up nearly 9% in the PM, $LI reports their earnings this Thursday before the US market opens and the market certainly feels that it is going to be a positive beat and looks to...

$SOFI

My honest opinion on $SOFI is the large white circle bounce concerns me....this is to me is not an impulse bounce and there is very clearly 3 waves in this structure....so this is why I have this a...

$SE TOP 20

$SE has also started the PM looking strong after strong sentiment roams around the Asian markets to start the week.

Up 3.8% in the PM too, after recapturing the blue line very quickly on Thur...

$NIO TOP 20

UP 2.8% in the PM now after finishing up 5.6% on Friday.

Asian markets continue to perform very well this month and with the Korean markets decision to ban short selling now until to June 202...

$PYPL TOP 20

Boy did this bounce make a lot of people happy this week.

Last Friday the price dropped below the trend line and this caused a lot of concerns, mainly that the price could go lower to the gap...

$BTC TOP 20

The only chart on $BTC that I have seen anywhere this year that has been correct.

I get that the price action between July and Sept was complex but the price bounced on the blue line and held...

$TSLA TOP 20

$TSLA put up a fight last week and ultimately the bulls won that round as the price finished above the 200 Day MA for the week.

I do not believe the direction is decided here yet but bulls mu...

$COST TOP 20

Consolidating sideways here since July and has managed this rocky market very well, price action has still not reacted strong to the rally in the market last week so I believe this is a stock to wa...

$QQQ TOP 20

This price action is very interesting to me.

We can see just how weak the market was last week when the price dropped below the bullish flag trend line and looked to test the 200 Day MA and t...

$NKE TOP 20

Could this count could not be moving any better.

Solid bounce at $88 and on the yellow support line and finished Friday at $107.

Wave 2 is due shortly and since I have not touched this ...

$MSFT TOP 20

I uploaded this towards the end of the week but it is worth mentioning again just how strong $MSFT is looking and has been leading this market reversal.

Also $MSFT is only $14 away from makin...

$INTC TOP 20

$INTC for the second time in 3 months has broken out of this ascending triangle formation which has been a torn in the side for bulls since June.

But what they need to see now is the price fi...

$GOOG TOP 20

Bouncing very well with the other strong Mega Caps and used the 0.38 Fib as a strong support level, making this chart very textbook.

Whereas many were wondering where that pull back came from...

$F TOP 20

$F did move positively but there is still enormous amount of work to be done here to get this back bullish.

The price is still below the blue line, which was the June '22 Low, below the yello...

$DIS TOP 20

Very interesting and well constructed Inverse Head and Shoulders pattern formed here after holding above the wedge trend line.

The price also finished out of the bear case and buy zone too. 2023-11-05 21:43:51 +0000 UTC View Post

$BABA TOP 20

$BABA has announced this week that they will report their earnings on the 16th of Nov before the US market opens.

What we want to see is more of the same from their previous report, to show t...

$ABNB TOP 20

$ABNB also beat on their report this week and their EPS particularly was impressive and beating by 214%.

There was a slight lower outlook for nights in Q4 and the following day after the repo...

$AMD TOP 20

Very good start to the month for $AMD, earnings announced on the 31st of October and it was a positive beat but a Q4 range guidance which the market initially took as a negative, until CEO Lisa spo...

$AAPL TOP 20

$AAPL did not run aggressively after its earnings as the market got fixated on the YoY revenue decline compared to their record breaking year last year.

But we said before the earnings report...

$AMZN TOP 20

$AMZN has gained 17.8% since its earnings call and has performed even better than expected and rightly so, the earnings were excellent with all important metrics increasing.

I said before the...

$SPY TOP 20

This is the exact same chart that was uploaded last weekend. Showing that $409 needed to be defended and the bulls needed to step on or the entire impulse wave breaks down and becomes invalid.

Lesson 4 - Part C

Ending Diagonal (3-3-3-3-3)

What is an Ending Diagonal?

Ending diagonal is a motive wave that occurs in the 5th Wave of the impulse waves or the final position of a C w...

Lesson 4 - Part B

- Leading Diagonal (LD)

What is a Leading Diagonal Wave?

A leading diagonal is a special type of Elliott wave pattern that occurs at the beginning of a new trend. It is...

Lesson 4 - Part A

Lesson 4 is split into 3 parts: A, B and C.

Part A: Extended Waves

Part B: Leading Diagonal Waves

Part C: Ending Diagonal Waves.

What is an Extended Wave? 2023-11-04 19:28:31 +0000 UTC View Post