Chart Wizard Trading

Expert Elliott Wave Analysis

Impulse

Nasdaq Futures Micro Count 1 Update

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One interpretation of this count is that the index futures will carve out another smaller degree second wave after finishing an extended fifth wave next week. While many indexes have confirmed bear market structure, the Nasdaq has yet to. Given how deep the expected highest degree wave will plummet, it’s highly possible it is giving the market a third extension in order to … [Read more...] about Nasdaq Futures Micro Count 1 Update

Bitcoin to the Moon?

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For the past decade plus all the way to 2021, Bitcoin carved out a massive impulse for the ages. Starting from nothing and ending around $70,000. Alas, all good things come to an end. While their are certainly bullish cases to be made, this count is in actuality, the most bullish. Although people won't accept it for that. The count assumes a cycle degree wave 1 top around 70K … [Read more...] about Bitcoin to the Moon?

S&P 500 Futures Bullish Invalidation

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The S&P 500 index gapped open today and in the process invalidated a zigzag correction. Probability now greatly favors that the structure is the beginnings of an extended impulsive decline to fresh new lows for the cycle. Bear in mind, this is a futures chart. The purple line is a contract break, while it appears that wave 2 exceeded the start of wave 1 in the now invalid C … [Read more...] about S&P 500 Futures Bullish Invalidation

October 20th Live Stream

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There has been some confusion in the chat about the difference between analysis vs entries. In line with the lesson about analyzing the market, we can't too deep into the weeds of analysis that there is no way out. Eventually, you find yourself more confused than where you started. Keep it simple. first iteration count. If there is a CLEAR second iteration to change your mind, … [Read more...] about October 20th Live Stream