The US Dollar Index has found a bottom before it continues it's historic rise. Since July 18th, the dollar issued a massive 12 week rally resulting in an impulse wave with both a third and a fifth wave extension. The resulting correction, labeled as wave 2, appears to be finished, or very close to finished. Wave 2 carved out a double zigzag that has perfect Fibonacci … [Read more...] about The US Dollar Finds a Bottom
We have a count to support Bitcoin having topped for the current major wave degree as discussed in the latest post. Whether that wave degree is a B wave correction or a second wave remains to be seen. Now lets take the analysis one step further and find some supporting evidence. The first aspect of this wave structure I will show you is time. Assuming a three wave zigzag … [Read more...] about Fibonacci Analysis Supporting a Bitcoin Top
Introducing Silver to the BW Chart Factory. This chart only shows the smallest degree wave, but the assumption going forward is that this is the very beginning of the 3 of the 3 of the 3 of the 3. An elusive phenomenon in Elliott lore that you don't want to miss. The video quickly explains the macro structure but I'll summarize the micro structure here. You are looking at a … [Read more...] about Silver Member Exclusive
We are going to look at the full body of work for the tech sector. We'll start with the Nasdaq micro count 1. This Nasdaq E-mini futures chart suggests a 5 wave diagonal wave 1 completion followed by a wave 2 retracement in the form of a zigzag. Evidence supporting this count is a deep retracement of wave 1 that has already met the retracement guideline of the previous 4th … [Read more...] about What’s Up with the Nasdaq?
S&P 500 Elliott Wave analysis as of November 6th, 2023. After editing this video I found a few exclusions I failed to mention. Firstly, I incorrectly called the triangle after 1929 a contracting triangle. It is a barrier triangle, it doesn't change the count, it's just semantics. Secondly, I failed to mention that the Elliott Wave rules are idealistic. Sometimes rules break … [Read more...] about Most S&P 500 Elliott Wave Counts are Wrong