Next week is going to be a critical week for US equities. We've seen some intense selling over the past few weeks with a vary sharp correction from the lows of Thursday night. Is this a rip-your-face-off

The head and shoulders pattern that I warned about in has been crushing the price of Bitcoin. I'll be posting a detailed analysis soon. If you're interested in anticipating future moves, be sure to follow

As I pointed out in my previous post, Bitcoin appears to have formed a head and shoulders pattern which may be signaling lower prices. Price seems to have pulled back to the neckline for one last "kiss

It looks as though bitcoin is forming a head and shoulders pattern. The pattern will be confirmed if price breaks decisively below the neckline, perhaps somewhere in the $12,500 level. If this does indeed

It looks as though we're about half-way through this correction, intermediate wave (4). We're currently working minor wave B. After it completes, minor wave C should take us somewhere between $4850 and

Given the recent developments we've seen in the price action I've adjusted the labelings to match the unfolding reality. The biggest change is that minor wave 4 was moved to the lows from today. This means

There are a few minor updates to the wave count with this update. The retracement yesterday overlapped minute wave [i] which means that the retracement must not have been minute wave [iv]. Given that,

No changes in the elliott wave count. We continue to work minor wave 5 of intermediate wave (3) of primary wave [5] of cycle wave III. Based on a few measuring techniques, I'm anticipating that minor wave

We're currently working minor wave V of intermediate wave (3), which should carry prices to $7249 if wave (3) is to be at least 1.618% of wave (1). If you have any thoughts or questions about this wave

With the recent price action, the bullish and bearing interpretations look about equal in terms of probability. The bearish interpretation (pictured above) is that we've been working a minor degree X wave,

It appears that subwaves of subminuette wave v began yesterday. These subwaves are micro waves [1] and [2] and submicro waves (1) and (2). It appears that subminuette wave v is subdividing as anticipated.

It appears that subminuette wave iv may have completed and that we're ready to start subminuette wave v. As @vimukthi pointed out, it appears a head an shoulders continuation pattern is developing. The

Since it looks like we're entering the final movements on intermediate wave (2), I wanted to take a look and see where we might expect this wave to terminate so we can prepare for intermediate wave (3).

As I mentioned in my previous post, the bearish count is still valid and is playing out as anticipated. At this point we've completed subminuette waves i and ii and appear to be near completion of subminuette

No updates to the wave count at this point. Still monitoring the situation while anticipating the next selloff. If you have any thoughts or questions about this wave count or elliott wave in general, please

The bearish wave count that I've been posting about is still valid. We came close to invalidating it yesterday, but never quite got there. Prices hit a high of $4122.70 but never reached $4125.99. It looks

Our minuette wave count was invalidated yesterday as prices broke through the September 16th highs which prompted a slight modification to the wave count. Instead of starting on minuette wave (v) already,

We appear to have completed minuette wave (iv) last night and are beginning to work minuette wave (v) down. We've appear to have already completed subminuette wave i and are near completion of subminuette

Prices rocketed higher off the $3000 level today. Within a few hours we had reached the $3700 dollar. They are struggling quite a bit at the $3800 level. The ultimate question: is this a bear market rally

It looks like we're in the middle of a short term bounce that is sub-minuette wave iv. Wave ii was a shallow retracement. Given Elliott's alternation guideline, I'm expecting this to be a sharp retracement.