Wave Principle

Since my last post I was anticipating a wave bounce. So far looks like wave (a) of has played out.  Wave (b) of in progress. Once (b) is complete, we should anticipate a rally for wave (c)...

http://waveprinciple.blogspot.com/2023/05/5232023-btc-update.html

 I can't believe it has been almost a year since my last post. Hopefully I will find more time one day to post regularly again.  So here is the latest count on BTC. Since my last post, my pri...

http://waveprinciple.blogspot.com/2022/12/12222022-btc-update.html

In my last post , the primary count was that wave was complete. Since then, BTC pulled back from the all time high and formed five waves down I know have labeled as was (1).  The alternate, a...

http://waveprinciple.blogspot.com/2022/01/1262022-btc-update.html

 Based on BTC futures' new closing high, I tweaked the count to account for two more bullish options for BTC.  The primary option:   I see a legitimate five wave count complete with the r...

http://waveprinciple.blogspot.com/2021/11/11221-btc-update.html

Been a while.Some updates since my last post in May and April.    Since my May update, I was looking for the completion of wave (3) blue. So that looks like that may be the case. The market...

http://waveprinciple.blogspot.com/2021/09/93021.html

Looks like wave 4 of (3) is in progress or near completiong. Pay attention to the alternate in orange. Perhaps (3) is almost near completion and waiting on it's wave 5 to come very shortly.

http://waveprinciple.blogspot.com/2021/05/5212021-eod-update.html

- Lets use our normal charting tools.   BTC- Daily ---   I may start posting counts for BTC/ETH. Let's see how this plays out.  The alternate corrective count is in red.Lets kee...

http://waveprinciple.blogspot.com/2021/04/42721-crypto-anyone.html

 No big changes to the count. Still looking for wave 3 of (3) to complete. I did add an alternate count in orange. Near term (see 60 min chart below) looks like a potential triangle playing out ...

http://waveprinciple.blogspot.com/2021/04/42421.html

 No change. Looks like (iii) of iii of 3 in progress. SPX - Daily

http://waveprinciple.blogspot.com/2021/04/4921-eod-update.html

 Since my last post , I left the possibility open that the pull back on 2/5/21 may have been a wave iv for wave 1. Looks like that was the case and with the updated chart below, I have wave 1 an...

http://waveprinciple.blogspot.com/2021/03/32821-weekend-update.html

Since my last post I was looking for wave c down for wave 2. Looks like we got it as the market pulled back and tested the 50 day moving average and has since made a new all time high.  Seemed...

http://waveprinciple.blogspot.com/2021/02/252021-eod-update.html

Looks like things are going as planned. Since the last post , I speculated that wave b may bounce and test the underside of the ending diagonal. It did that today and was rejected. Will assume wa...

http://waveprinciple.blogspot.com/2021/01/1282021-eod-update.html

 Looks like the ending diagonal played out as I was suspecting. So far the break down from the ED looks like five little subwaves for wave a of 2. So I expect a wave b bounce may test the unders...

http://waveprinciple.blogspot.com/2021/01/1272021-eod-update.html

HNY all. I cleaned up the degree labeling a bit. Looks like there could be an ending diagonal forming to wrap up wave 1 of (3).  SPX - Daily

http://waveprinciple.blogspot.com/2021/01/1222021-eod-update.html

Good riddance 2020. Not much to add since my last post. I had a wave 3 in the works and so far that still seems to be playing out. My degrees may be off a bit but too lazy to relabel it. I thin...

http://waveprinciple.blogspot.com/2020/12/12312020-eod-update.html

Sorry. Not much to add other than the market confirming the wave (2) flat.     

http://waveprinciple.blogspot.com/2020/12/1222020-eod-update.html

Been a little side tracked. Not too much to add other than a little clean up on the counts. Since my post on 10/12/2020, I laid out two options and I wrote: Either:  1. Wave 1 of (3) of fiv...

http://waveprinciple.blogspot.com/2020/10/10292020-eod-update.html

 Wave iv or -iv is tracing out. Would be a little quick if it is considered complete so will keep an eye out for some sideways chop here. 15 Min

http://waveprinciple.blogspot.com/2020/10/10132020-eod-update.html

 Wave iii kept extending. Very possible it completed on today's high with wave iv beginning with the pullback today. The alternate is that wave -iii is not quite complete yet. 15 Min Gett...

http://waveprinciple.blogspot.com/2020/10/10122020-eod-update.html

 Looks like we still have the continuation of my wave iii.  15 Min 60 Min 

http://waveprinciple.blogspot.com/2020/10/1092020-eod-update.html

Not much to add. The primary count, as posted the other day, is still intact. A wave iii was expected for the primary and so far it appears to be playing out, albeit in a wedgie looking pattern. ...

http://waveprinciple.blogspot.com/2020/10/1082020-eod-update.html

Obviously the president's COVID-19 infection spooked the market. SMH at the hypocrisy and lack of transparency playing out. Not too much change to the count options recently presented. The tria...

http://waveprinciple.blogspot.com/2020/10/1042020-update.html

 Looks like the market is triangulating up top here. So either my wave ii is playing out some sideways combo corrective or this is some type of wave 4 that I am missing. Either way, this is impl...

http://waveprinciple.blogspot.com/2020/10/1012020-eod-update.html

 The subwaves counted well today. Since my AM update , looks like we have now completed five waves up off what I have as wave (2).  The market rallied hard to clear the 20 and 50 day on close...

http://waveprinciple.blogspot.com/2020/09/9302020-eod-update.html

The market is confirming my wave iv for yesterday's post. So far looks like wave -iii of v playing out.    15 Min  

http://waveprinciple.blogspot.com/2020/09/9302020-am-update.html