To The Moon

IBM, founded in 1911, is a global technology leader known for pioneering innovations in computing. From tabulating machines to AI and quantum computing, IBM has consistently shaped the tech landscape, providing cutting-edge solutions for businesses worldwide. IBM stock is listed on the New York Stock Exchange NYSE. In this blog post, let’s do the IBM Elliott wave analysis. This can help us understand the long-term and near-term dynamics of this stock. The IBM stock fell together with the US stock markets and has thus shed over 16% between 03.12.24 and 05.03.24. However, there is barely a 2% net gain in 2024 as almost all of the profits are now gone. How soon can a real recovery begin or how deeper can the sell-off go? This blog post seeks to answer that from our Elliott wave perspective. L

Toncoin $TON is the native cryptocurrency of The Open Network blockchain (previously Telegram Open Network). It is used for network operations, transactions, games or collectibles. In today’s article, we’ll dive into the daily Elliott Wave structure taking place and explore the potential path based on the Theory. $TON started a new bullish trend in June 2022. Since then, it rallied from $0.73 to a high of $7.6 ( +900% move ). The recent April peak is proposed to be a wave ((3)) within the current daily cycle and the coin already did a minimum of a 3 waves pullback to finish the wave ((4)). The downside correction unfolded within a Zigzag structure and it did reach the buying area around equal legs at $4.62 – $3. The blue box showing in our chart is a technical area where we expec

Short Term Elliott Wave View in Dow Futures (YM) suggests the Index ended wave (4) correction at 37473. The Index has now turned higher in wave (5). However, it still needs to break above the previous wave (3) peak on 4.1.2024 at 40358 to rule out a double correction. Up from wave (4), wave ((i)) ended at 38451 and pullback in wave ((ii)) ended at 382808. Wave ((iii)) ended at 38682, dips in wave ((iv)) ended at 38428, and final wave ((v)) higher ended at 38801. This completed wave 1 in higher degree. Pullback in wave 2 unfolded as a zigzag Elliott Wave structure. Down from wave 1, wave ((a)) ended at 37944 and wave ((b)) rally ended at 38592. Wave ((c)) lower ended at 37866 which completed wave 2 in higher degree. The Index has turned higher again in wave 3 of (5). Up from wave 2, wave (i

Short Term Elliott Wave View on Nvidia (NVDA) suggests the stock ended correction on 4.20.2024 at 756.06. From there, the stock starts a new impulsive rally. Up from 4.20.2024, wave 1 ended at 846.07 and pullback in wave 2 ended at 776.80. The stock extends higher in wave 3 towards 887 and dips in wave 4 ended at 852.66. FInal leg wave 5 ended at 888.19 which completed wave (1) in higher degree. The stock then pullback in wave (2) with internal subdivision as a zigzag Elliott Wave structure.  The stock has resumed higher in wave (3). Up from wave (2), wave ((i)) ended at 860 and dips in wave ((ii)) ended at 823. The stock then nested higher with wave (i) ended at 856.6 and pullback in wave (ii) ended at 832. Wave i of (iii) ended at 866.84 and dips in wave ii of (iii) ended at 859.17.

Chevron Corporation (CVX) is a multinational energy corporation operating in all facets of the oil and gas industry. This includes exploration, production, refining, and marketing. Headquartered in San Ramon, California, Chevron has a global presence with operations spanning over 180 countries. This article looks at  the long term Elliiot Wave outlook of the company. Chevron Monthly Elliott Wave Chart Monthly Elliott Wave Chart of Chevron (CVX) above shows rally to 135.1 ended wave ((I)). wave ((II)) pullback took the form of a zigzag Elliott Wave structure. Down from wave ((I)), wave (A) ended at 69.58. The stock then rallied in wave (B) towards 133.88. Wave (C) lower resumed lower towards  51.54 which completed wave ((II)) in higher degree. Wave ((III)) higher is currently in

Costco Wholesale Corporation., (COST) engages in the operation of membership warehouse in the United States, Puerto Rico, Canada, United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China & Taiwan together with its subsidiaries. It offers branded & private-label products in the range of merchandise categories. It also operates e-commerce websites in the US, Canada, UK & many other countries. It is based in Issaquah, Washington, comes under Consumer Defensive sector & trades as “COST” ticker at Nasdaq. COST favors bullish weekly sequence & expect to remain supported in 3, 7 or 11 swings pullback to extend higher. Short term, it favors upside in ((3)) of III of (I). COST – Elliott Wave Latest Daily View:  In Weekly sequence, it placed ((I)) at $

BTCUSD (Bitcoin) has been in a strong uptrend since November 2022. The previous all-time peak was seen on November 8, 2021 and was broken in March 2024 when Bitcoin made a new all-time high at 73794 on March 14, 2024. It has since seen a pull back which reached a low of 56500 on May 1, 2024 and is now turning higher again. Today, we will take a look at the bigger picture of Bitcoin, what are the upside targets and any possible detours which can take place. BTCUSD Weekly Elliott Wave Chart 7 May 2024 The Bitcoin chart below shows it completed an expanded FLAT correction in November 2022 and resumed the rally. Wave ((1)) ended at 31035, wave ((2)) completed at 24920 after which it resumed the rally in wave ((3)). Within wave ((3)), wave (1) competed at 49048, wave (2) completed at 38505, wav

In this technical blog, we are going to take a look at the past performance of EURGBP 4-Hour Elliott wave Charts that we presented to our members. In which, the decline to 2/14/2024 low took place as an impulsive structure and showed a lower sequence with a bearish right side tag calling for more downside to happen. Therefore, our members knew that selling the bounces in the direction of the right side tag remained the preferred path. We will explain the Elliott wave structure & selling opportunity our members took below: EURGBP 4-Hour Elliott Wave Chart From 4.20.2024 EURGBP Perfectly Reacting Lower From Blue Box Area EURGBP 4-Hour Elliott Wave Chart from 4/20/2024 Weekend update. In which the decline to 0.8497 low ended wave 1 as an impulse sequence. Up from there, the pair

Palantir Technologies (PLTR), Inc. is a holding company, which engages in the development of data integration and software solutions. It operates through the Commercial and Government segments.  The firm offers automotive, financial compliance, legal intelligence, mergers and acquisitions solutions. PALANTIR (PLTR) Weekly Chart May 2024 PALANTIR (PLTR) Weekly Chart May 2024 Palantir ended a cycle at $45.00 in January 2021. Then it did a deep pullback as a zig zag correction ending wave (II) at 5.91 low. The market started an impulse structure as wave ((1)). The wave (1) finished at $10.31 high. The pullback as wave (2) ended at $7.17 and rallied in 5 swings completing an impulse and wave (3) at $17.17. Then, market made a little stop for a retracement and built a flat Elliott wave str

Hello everyone. In today’s article, we will look at the past performance of the 4H Hour Elliott Wave chart of SPDR Energy Select Sector ($XLE). The rally from 1.18.2024 low at $78.98 unfolded as 5 waves impulse. We expected the pullback to unfold in 3 swings and find buyers again. We will explain the structure & forecast below: 5 Wave Impulse Structure + ABC correction $XLE $XLE 4H Elliott Wave Chart 5.02.2024: $XLE Here is the 4H Elliott Wave count from 5.02.2024. We expected the pullback to find buyers after a 3 swings Zig-Zag correction (ABC) at the blue box area at 91.40 – 87.99. $XLE 4H Elliott Wave Chart 5.06.2024: Here is the latest 4H update from 5.06.2024 showing the bounce taking place as expected. The ETF has reacted higher from the blue box area allowing longs to get risk f