Get started

Eliottwavetheory

USDJPY: SELL OPPORTUNITY SOON!USDJPY has been on a run lately but with the very long 3rd wave completed, and making a move to the 4th wave, we can expect the 5th wave to be very small, with a chance to be in a good short position around the 110.35 price level as it corrects down. There is a trend-line that should run right below wave C. This may be a good area to buy at but it's too early to tell. Note: Expect wave 4 to correct no more than around the 38.2% of the move. Good luck traders! I am not a financial adviser. This is for educational purposes only.
Short
by PierreFX
TRV Potntial Short 5th Wave Swing Trading OpportunityUsing our Elliott Wave Indicator Suite for the TradingView Platform we have identified a potential Short 5th Wave Swing Trading Opportunity on TRV. The 5th wave move in an elliottwave sequence is the highest probability move. The wave 4 pull back after the earnings gap down has found resistance in the green zone of our probability pullback zones, which represents an 85% probability that our automated 5th wave target zone, in blue on the chart will be hit. We see yellow dots formed in the oversold zone on our special False Breakout Stochastic indicator, which signals strong Bearish momentum. When, during a wave 4 pullback, the stochastic pulls back against these false break out dots and crosses in the overbought zone, there is a high probability the stocks price action will resume the overall bearish trend. We also measure the wave 4 behaviour with our Elliottwave oscillator, which has pulled back within our pre-determined zone. So overall we have identified, using our Elliott Wave Indicator suite for TradingView, a high probability short swing trading opportunity on TRV with the following entry strategy: Short entry through $132.22 Stop Loss $136.22 Target $126 Giving a Risk to Reward over 1:1.6 Learn more about our Tradingview indicator suites by watching the video tours >>HERE<<
NYSE:TRVShort
by xBratSoftwareSolutions
S&P500: to impulse or to not impulse that is the question!Two weeks ago I shared my view on the TVC:SPX in that it was either following a standard impulse patterns higher or it was following an ending diagonal pattern. I mentioned back then " The first sees (grey) minute-iii complete soon then wave-iv (orange target zone) and then wave-v to complete (green) minor-3 ." Ideally I would have liked to see wave-iv reach TVC:SPX 3075-3040, but all we got was 3091 though this pullback materialized indeed "soon" as the low was in three days after my update was posted... So, the pullback was right on cue, but shallower then anticipated. It happens, as it's impossible to get it right all the time, and note the TVC:SPX is now already trading at the same level as two weeks ago: 3115... In addition, because the pullback was so shallow the subsequent rally fell also short as an ~100p rally would have been ideal but "all we got" was ~65p. This is common, as it means too many buyers jumped in at these higher levels, causing buyers exhaustion (i.e. when everybody has bought/is long, all that's left to do is to sell/go short). So, although the jury is still out there on which of the two larger patterns is evolving, we now know the market did five waves (grey, minute-i,ii,iii,iv,v) up off the October 3 TVC:SPX 2855.94 low, completing (green) minor-3/c. The 3 is for the impulse, the c label is for the diagonal. So the Bulls want to see the green "alt: 4" complete at ideally TVC:SPX 3042: the 100% retrace as in a standard impulse pattern wave-3 often reaches the 161.80% Fib-extension of wave-1, measured from wave-2, and then wave-4 should drop down to the 100% Fib-extension before wave-5 does (ideally) a nice 5=1 extension to the 200% Fib-extension. The latter is in this case at TVC:SPX 3229. So, last night the Futures market reached TVC:SPX 3158, which is exactly the 1.618x extension and started today's decline. A BINGO for the standard impulse pattern so far. This patterns is exemplified by the orange arrows. Ultimately, price will need to move and close below last week's low at TVC:SPX 3091, to confirm wave-3/c has completed, but the daily charts look weak, market breadth is negative, and sentiment readings have been frothy for weeks, so all suggest this should be accomplished over the next few days. The alternate is that we thus only saw three (green) minor waves up and that completed (red) intermediate wave-c of the diagonal, and wave-d is now underway. Note, I label the diagonal in letters to distinguish it from the impulse. Price will have to move and close below TVC:SPX 3040 and especially below 3022 to tell us the diagonal pattern is in play. Thus there's still some ways to go... If that happens, then the current decline will be labeled as red wave-d and it should drop to ideally TVC:SPX 3005+/-15. Now that still means there will be at a minimum a wave-e to complete (black) major wave-3 at around TVC:SPX 3200, followed by another wave-4 and 5 (grey arrows). Thus, the current decline is one way or another still a great buying opportunity, and we'll just have to monitor the price action carefully to better determine when and where this musical dance of chairs ends. Trade Safe!
SP:SPXShort
by intelligent_investing
3
$OSTK Bull trend resumes above Golden Cross for likely 3rd waveThe Bull Bear Trend oscillator back to bullish. As much as shorts will have you believe that there is no reason for them to be concerned they are already covering and the number of shares sold short is down 17% from the highs. Not covering here near the golden cross, 9% above the 200-day MA is very risky even from a TA perspective. Additionally, the date of record on the new dividend is only 24 trading sessions away. A conservative estimate is that shorts not covered by the date of record may be on the hook for an additional $37,000,000.00 to cover the cost of TZero tokenized securities due to shareholders. Even if the value of all of the Medici Ventures, patents and capital raised is taken out of the equation the shares are currently underpriced. The 2 analysts offering 12-month price forecasts for Overstock.com Inc have a median target of $44.00, with a high estimate of $48.00 and a low estimate of 40.00. The median estimate represents a +143% increase from the last price of $18.11 .
OLong
by blloyd
1
USDJPY is this the beginning of w.C to the upside ? I think we are in a zigzag correction with w.B retracement of 61.8% of w.A and if w.B is indeed ended we should be now at the beginning of w.C which is w.(1) of smaller degree. By looking at the structure I think we are at the last wave (w.5) of w.(1) which seems to be a leading diagonal. IN MACD we also see convergence in 4 hour time frame confirming that we are going to the upside. There is a possibility for short term to the upside but be careful because we are in the last wave. if my assumption is correct or you can wait for w.(2) to finish probably between 50-61.8% retracement and we can ride w.(3)
by montioga
S&P500 - Target 3100 I'm still bearish, but I believe price needs to move a little higher before the bears appear. A nice bull trap to break the all time high, before a reversal to the 1800 handle. Calculating the mid point of the wave and using symmetry, the target should be around the 3100 level. Coming from another angle, I used another method to get close to the same result. So the chart shows, both methods have a market top around 3000-3100. I have also drawn in the Elliot waves, which align with the mid point (wave 3). There has been no weekly or monthly sell pivot, and with MACD indicator is confirming a continuation on the recent move up. Price still has more work to be done at higher prices.
SP:SPXLong
by TRADER-RI
1
MICROSOFT - BLUE STOCK OF DEATH INCOMING :(We are slowly in the end zone of the ABC retracement up. Currently we are undergoing the C wave, within that we have 5 waves. There is two bearish scenariosus here: While the 3rd wave didnt go above the 1.618 we could think that the 5th wave could be extended to 2.618 (120 USD) We could also drop here from the 2. to 2.272 extension. due to the RSI making 4 double tops on the 4H, which i would say is the most likely scenario. note: The red box is the sell area. Take profit for this short term short would be at 106 USD, if it breaks that we would go to 98,5 USD next.
NASDAQ:MSFTShort
by LukeSkywalker
EUR/CAD (W,X,Y) Elliott Corrective PatternI was able to spot a few key rules for why this might play out the way it shows. Starting from the high on March 2018 we can begin to line up our WXY pattern. Within that WXY Corrective waves, you can find the ABC correctives. I'll leave you to interpret how you see those but I left them out to make the chart look cleaner. - If you look at Fibonacci drawn from the High in March 2018 (0) to the Low in August 2018 (W) you can see that (X) has retraced to the .618. (You will have to place this fibs on your own as well. I have left it out to keep the chart clean.) - Using the Fibs Extension from (0) to (W) to (X) you can hope that price will hit the .618 retracement and that will complete the (A) wave for the (Y) correction. - The (Y) wave would be finished up at the purple resistance line. This is a resistance that has been tested for 2 decades. I've also used the distance measured from the first (0) to (W) wave to measure the (Y) wave. PS: I'm still very new to this so I know my terminology or TA might be wonky but I hope I get some constructive criticism as in confirming my analysis or showing me a way in which I'm wrong.
Short
by CrisBarr96
$SDPI looks Ready to FLY; as high as $2.40 for +40% in PROFIT!SDPI on high alert. This past +410pct winner looks ready to explode once more! ===================== SDPI Superior Drilling Products Inc. Alert Price: $1.71 Average Analyst Target Price: $4.00 Float: 10.98M Chart Analysis Investor Presentation ======================== Members, We are coming off another great week. Past Alerts QBIO and AGHI continued to deliver profits to our members. Members who took action on our buy-calls locked in profits of as much as +41.24% and +21.34% respectively! We plan on kicking off this upcoming trading week with something special. Please turn your immediate attention to SDPI Superior Drilling Products Inc. Many of you remember SDPI as one of our biggest winners of 2017/2018. When we first brought SDPI to your attention back on November 15th, 2017, shares were trading at $0.99. We knew SDPI was undervalued at the time, and was due for a major bullish reversal. We were right on the money with our prediction, and in less than a years time, shares of SDPI had hit a high of $5.05, a gain of over +410% from our $0.99 buy call. SDPI has since pulled back from its highs, but we believe its next epic bullish reversal is about to take place. The Company has several bullish catalysts on the horizon than we believe could have an immediate effect on its share price. Plans to triple its Drill-N-Ream® well bore conditioning tool (DnR) fleet in the Middle East. The Company expects to have approximately 60 tools located in the market by the end of the first quarter. Equities research analysts forecast that SDPI will announce sales of $4.84 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for SDPI. The lowest sales estimate is $4.53 million and the highest is $5.14 million. SDPI posted sales of $3.73 million during the same quarter last year, which suggests a positive year over year growth rate of 29.8%. The firm is expected to announce its next quarterly earnings results on Thursday, March 14th. Crude oil price outlook for next week is bullish in anticipation of progress in US-China trade talks Dovish Fed, Venezuela turmoil, OPEC cut talk could send oil higher US Government re-opening could encourage a rebound in economic growth Insiders have made 3-open market buys and ZERO open market sells We also did an in-depth technical analysis on SDPI's chart, and see the potential for a short-term gain of over +40% SDPI's chart just formed a "Golden Cross" This typically indicates that a bullish run is on the horizon. With an immediate upside of over +40.35%, SDPI should be the top ticker on your watchlist. This was one of our biggest winners of 2018, and we don't want any of our members to miss out on SDPI's next potential triple-digit breakout. That being said, we ask that all members read our full profile, start their research now, and consider grabbing up a position in SDPI tomorrow morning at 9:30AM EST! About Superior Drilling Products, Inc. Superior Drilling Products, Inc. is an innovative, cutting-edge drilling tool technology company providing cost saving solutions that drive production efficiencies for the oil and natural gas drilling industry. The Company designs, manufactures, repairs and sells drilling tools. SDPI drilling solutions include the patented Drill-N-Ream® well bore conditioning tool and the patented Strider™ oscillation system technology. In addition, SDPI is a manufacturer and refurbisher of PDC (polycrystalline diamond compact) drill bits for a leading oil field service company. SDPI operates a state-of-the-art drill tool fabrication facility, where it manufactures its solutions for the drilling industry, as well as customers’ custom products. The Company’s strategy for growth is to leverage its expertise in drill tool technology and innovative, precision machining in order to broaden its product offerings and solutions for the oil and gas industry. Company Highlights: Go-to-market strategy: Qualified partners Drill-N-Ream distribution: Market leader in downhole tool rentals Exclusive U.S. and Canada marketing rights requires successful market penetration: Reached 11.6% market share at 12/31/17; just shy of moving target as drill count continued to grow Currently renegotiating new performance metrics that more properly reflect expanding market opportunities in different sections of the wellbore Multiple revenue streams Initial sale, per run royalty, maintenance and repair, product replacement Middle East: Joint market development agreement in place with Weatherford Joint market development agreement in place with Odfjell Drilling Current Analyst Average Analyst Target Price for SDPI is $4.00! Two Wall Street analysts (Roth Capital and Imperial Capital) have issued ratings and price targets for SDPI in the last 12 months. Their average twelve-month price target is $4.00, suggesting that the stock has a possible upside of 133.92%. The high price target for SDPI is $5.00 and the low-price target for SDPI is $3.00. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus rating of “Buy.” Recent Developments Superior Drilling Products, Inc. Plans to Triple Drill-N-Ream® Tool Fleet in Middle East by End of First Quarter 2019 On December 5th, SDPI announced its plans to triple its Drill-N-Ream® well bore conditioning tool (DnR) fleet in the Middle East. The Company expects to have approximately 60 tools located in the market by the end of the first quarter. Troy Meier, Chairman and CEO of SDPI, commented, “We have successfully completed our first year of market evaluation, and we now must rapidly build up our fleet in the Middle East to address growing market demand. The establishment of our new market development partner and recently executed service agreement enable us to efficiently facilitate the deployment of the DnR while ensuring quality repair and maintenance. Strong interest throughout the region has been validated by customer requests for the tool and accelerating adoption of the technology.” The DnR is a unique drilling tool technology that conditions the well bore simultaneously while drilling, driving efficiencies by reducing days on well, increasing penetration rates and extending the life of the bottom hole assembly. Globally, the DnR is increasing market acceptance with leading operators and service companies standardizing on the tool. Technical Analysis As we stated above, SDPI was one of our largest long-term winners of 2017/2018, with shares climbing over +410% from our $0.99 alert price to a high of $5.05. Based on our research we believe now could be the perfect time for our members to start building a position in SDPI We've done our very own chart analysis, and we see the potential for an immediate gain of as much as +40.35%, although shares could go much higher if SDPI delivers another knockout quarter or releases some market friendly news. Members will also be happy to know that SDPI's chart just formed a "Golden Cross." This typically indicates that a bullish run is on the horizon. The last time SDPI's chart saw this formation shares nearly ran up +200% on their way to a 52-week high of $5.05. A run back to $5.05 from today's alert price would net our members up to 195.32% in total gains! SDPI is shaping up to once again be a significant winner in both the long and short-term for our members. As such, we are urging all members to start their research now, and consider grabbing up a position in SDPI tomorrow morning at 9:30AM EST! (*Remember to use a basic Stop-Loss Order or more advanced Stop-limit Order to protect your gains, as well as limit possible losses.) Best Regards, The TopMarketGainers Team Don't Miss Our Next Huge Winner... Text 'GAINS' to '67076' to have our Trade Alerts Delivered Direct to your Cell Phone. (There is no charge. Msg&data rates may apply.) DISCLAIMER This newsletter is a paid advertisement, not a recommendation nor an offer to buy or sell securities. This newsletter is owned, operated and edited by both MJ Capital, LLC and PennyStockLocks, LLC. Any wording found in this e-mail or disclaimer referencing to “I” or “we” or “our” refers to MJ Capital, LLC and PennyStockLocks, LLC. Our business model is to be financially compensated to market and promote small public companies. By reading our newsletter and our website you agree to the terms of our disclaimer, which are subject to change at any time. We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and is for entertainment purposes only. At most, this communication should serve only as a starting point to do your own research and consult with a licensed professional regarding the companies profiled and discussed. Conduct your own research. Companies with low price per share are speculative and carry a high degree of risk, so only invest what you can afford to lose. By using our service you agree not to hold our site, its editor’s, owners, or staff liable for any damages, financial or otherwise, that may occur due to any action you may take based on the information contained within our newsletters or on our website. We do not advise any reader take any specific action. Losses can be larger than expected if the company experiences any problems with liquidity or wide spreads. Our website and newsletter are for entertainment purposes only. Never invest purely based on our alerts. Gains mentioned in our newsletter and on our website may be based on end-of-day or intraday data. This publication and their owners and affiliates may hold positions in the securities mentioned in our alerts, which we may sell at any time without notice to our subscribers, which may have a negative impact on share prices. If we own any shares we will list the information relevant to the stock and number of shares here. The owners of this newsletter may purchase as much as 10,000 shares of SDPI after the market opens. If we choose to buy, then we also have the right to sell at any time without notice MJ Capital’s business model is to receive financial compensation to promote public companies. We have NOT been compensated to conduct investor relations advertising and marketing for SDPI. We have been previously compensated ten thousand dollars by ACN LLC. to conduct investor relations advertising and marketing for AGHI on two seperate occasions -which have expired. We have been previously compensated ten thousand dollars by ACN LLC. to conduct investor relations advertising and marketing for QBIO-which has expired. Any compensation is a major conflict of interest in our ability to be unbiased. Therefore, this communication should be viewed as a commercial advertisement only. We have not investigated the background of the hiring third party or parties. The third party, profiled company, or their affiliates likely wish to liquidate shares of the profiled company at or near the time you receive this communication, which has the potential to hurt share prices. Any non-compensated alerts are purely for the purpose of expanding our database for the benefit of our future financially compensated investor relations efforts. Frequently companies profiled in our alerts may experience a large increase in volume and share price during the course of investor relations marketing, which may end as soon as the investor relations marketing ceases. The investor relations marketing may be as brief as one day, after which a large decrease in volume and share price is likely to occur. Our emails may contain forward looking statements, which are not guaranteed to materialize due to a variety of factors. We do not guarantee the timeliness, accuracy, or completeness of the information on our site or in our newsletters. The information in our email newsletters and on our website is believed to be accurate and correct, but has not been independently verified and is not guaranteed to be correct. The information is collected from public sources, such as the profiled company’s website and press releases, but is not researched or verified in any way whatsoever to ensure the publicly available information is correct. Furthermore, MJ Capital often employs independent contractor writers who may make errors when researching information and preparing these communications regarding profiled companies. Independent writers’ works are double-checked and verified before publication, but it is certainly possible for errors or omissions to take place during editing of independent contractor writer’s communications regarding the profiled company(s). You should assume all information in all of our communications is incorrect until you personally verify the information, and again are encouraged to never invest based on the information contained in our written communications. The information in our disclaimers is subject to change at any time without notice.
SLong
by RedHotStocks