The US Dollar Index has been retracing an impulse that completed on October 3rd. The expected guideline retracement is the price territory of the previous fourth wave wave, which is almost exactly a Fibonacci 38.2% retracement. Wave 2 appears to be taking the form of a double zigzag that, when complete, will result in a third wave rally for the dollar. A Double Zigzag for … [Read more...] about The Dollar/Euro Double Zigzag
Wave 2
Bitcoin to the Moon?
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?
The DXY Begins Wave 2 Decline
The US Dollar Index has rallied impulsively for 12 consecutive weeks and appears to finally have begun a second wave retracement. After the dollar broke out of a channel containing the impulse, I can then go back and Count the structure. The most probable count is an impulse containing both a third annd fifth wave extension. Expect the index to resume a corrective decline into … [Read more...] about The DXY Begins Wave 2 Decline
Small Caps Lead the Way.
Today, the Russell 2000 index officially broke the intermediate wave 1 low therefore cementing a 3rd wave into legacy. I've been posting bearish post after bearish post for quite some time now. I don't want any false impressions. I am not a bear. I am a realist. The only thing I can report is what the chart tells me. I have no allegiances. Not only did small caps break … [Read more...] about Small Caps Lead the Way.
October 20th Live Stream
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