EW counts - US stocks

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7/3/2020

UnitedHealth Group Inc (UNH - NYSE) - Bulls Vs Bears - who will take control ?

UnitedHealth Group (UNH - NYSE) is in ABC zigzag down cycle, where Impulse A wave and zigzag B corrective wave in abc move has been completed. C wave just started moving down, but wait to confirm the down sequence by impulse 1^st wave of C in 3 min time frame and its pull back to get in to trade with invalidation level of 303 as stops for C wave. The target of the trade is 260 level. It is having good risk reward ratio trade.

7/2/2020

Microsoft Corporation (MSFT - NASDAQ) - Impulse wave pattern

Microsoft Corporation (MSFT - NASDAQ) is about to end5th subwave of 3^rd wave up in impulse sequence in 4 hr time frame since major swing low. Here two cases possible, one is it may further extend and another is if its over then subwave 4 will start correcting down, which on completion, again price will rise for 5^th wave up. 4^th subwave will be flat or complex as 2^nd wave was sharp in nature. Overall bullish trend continue until it broke 187.36 level.

Apple Inc (AAPL - NASDAQ) - Updated EW count

Apple Inc (AAPL - NASDAQ) is in extended 3^rd wave up, which is currently in 5^th subwave. It is in the 3^rd internal wave of 5^th subwave today as gap up and 5^th wave will end at around 382-390 level range. Thereafter 4^th wave correction will occur. Keep eye in 5 min time frame to get any entry if pull back occur. It is out-performing stock to NDX. It can possible to irregular inetrnal wave 2, so watch closely the price action and invalidation level of 351.75. 

Amazon.com Inc (AMZN - NASDAQ) - Impulse wave pattern

Amazon.com Inc (AMZN - NASDAQ) is in 3^rd wave fifth wave up in impulse sequence in 2 hr time frame. The fifth wave is extending the momentum. It is subdividing in 3^rd wave and internal 3^rd of 3^rd wave in in progress. Track the price action in 5 min time frame to get the entry for 5^th internal wave up as indicated in chart.

Alphabet Inc (GOOGL - NASDAQ) - Bulls in control

Alphabet Inc (GOOGL - NASDAQ) has completed impulse sequence in 4 hr time frame, which is wave 1 in daily time frame of impulse wave. In 30 min time frame, it is going up in either ABC or 1^st subwave of 3^rd wave up, which is still incomplete sequence and one more leg away. Overall its in uptrend so keep the eye on pull back to get in to trade.

Facebook Inc (FB - NASDAQ) - Updated EW count

Facebook Inc (FB - NASDAQ) has completed impulse sequence in 4 hr time frame since last bottom of 19 March. It is now correcting in zigzag moves up and down. The A wave is one high away to complete, thereafter wave B down will start. Wait for confirmation to end the A wave.

Berkshire Hathway B (BRK - NYSE) - Updated EW count

Berskhire Hathway B (BRK - NYSE) is in (B) wave correction in (A)(B)(C) zigzag correction down. (B) seems flat correction as either simple or may be wxy, which is under progress, wait for confirmation of end of (B) wave. Thereafter (C) wave down will start.  

6/23/2020

Microsoft Corporation (MSFT - NASDAQ) - Impulse wave pattern

Microsoft Corporation (MSFT - NASDAQ) is in extended 5^th wave in 2 hr time frame. It is the part of weekly 5^th subwave of 3^rd wave up of C major wave. In 30 min time frame, it is 5^th internal wave of 3^rd subwave of extended 5^th wave. One small pull back of 4^th subwave will be again bought for new high to complete the final 3^rd subwave of 5^th extension wave as indicated in chart. 

Apple Inc (AAPL - NASDAQ) - Updated EW count

Apple Inc (AAPL - NASDAQ) is in 5^th wave extension within the impulse pattern from the bottom as shown in 2 hr time frame. Here 3^rd wave was 2.618 times of wave 1, so possibly 5^th wave will be equal in size of wave 1, which might ends near 376 level. It is in the 3^rd subwave of 5^th wave up. Wait for pull back and one more high to end the 5^th wave to get the target if you bought as per previous updates. 

Amazon.com Inc (AMZN - NASDAQ) - Impulse wave pattern

Amazon.com Inc (AMZN - NASDAQ) is in 3^rd subwave of 5^th wave extension in 2 hr time frame. It is at all time high stock. In weekly it is in the 5^th wave of C wave as indicated in the chart. In 30 min time frame, it is in the final push up to complete the 3^rd subwave of 5^th wave, thereafter pull back expected as subwave 4, which is good to get in for final move up of 5^th subwave.

Facebook Inc (FB - NASDAQ) - Updated EW count

Facebook Inc (FB - NASDAQ) is in the final 5^th wave up, which is about to end as the last subwave is in progress. The impulse cycle is in 2 hr time frame. It should be then correcting down side, if it further not extended. After only confirmation of impulse over, it can be sold below channel line.   

Berkshire Hathway B (BRK - NYSE) - ABC wave pattern

Berskhire Hathway B (BRK - NYSE) is in (W)(X)(Y) complex corrective double zigzag wave pattern and wave (W) & (X) has been completed. The (X) wave took 0.618 times of wave (W) by price. It is very weak compared to SPX and about 13 % holding value of XLF etf. It dropped in impulse A wave and now correcting up in B wave as wxy internal correction, wait for around 50% of bounce of wave A in price to end the B wave, thereafter C wave down will start, which is good trade entry as it is under-performer to SPX. 

Visa Inc (V - NYSE) - Impulse wave pattern

Visa Inc (V - NYSE) is in 5^th subwave of 3^rd wave up in 2 hr time frame. In 30 min time frame, it start moving up in 3^rd internal wave, which the part of 5^th subwave in 2 hr time frame, as indicated in chart.  In weekly time frame it is in massive up trend and going towards new high, which is as per EW count.

JPMorgan Chase & Co (JPM - NYSE) - ABC wave pattern

JPMorgan Chase & Co (JPM - NYSE) has completed A wave down in 30 min time frame and now correcting up in B wave, which looks flat or triangle in nature. This stock is major indication that XLF will go in down direction. The wave pattern is resemblance to BRKb. In 4 hr time frame, it is in (W)(X)(Y) down sequence and (Y) wave down has already started moving down against SPX as under-performer. 

AT&T Inc (T - NYSE) - ABC wave pattern

AT&T Inc (T - NYSE) has completed (X) wave of (W)(X)(Y) complex corrective. In 30 min time frame, it is moving down in (Y) wave as ABC zigzag pattern, where A wave already over and B wave as complex correction is under progress, which is in the final move up to complete B wave. Keep eye on the stock. It may take 1-3 days to complete the B wave.

Bank of America Corp (BAC - NYSE) - Updated EW count

Bank of America Corp (BAC - NYSE) is in B wave of ABC sequence down and correcting in abc zigzag. After C over, it will go down to C wave. As like other finance stock, this is in the same pattern and good short candidate, when B wave over. 

Exxon Mobil Corp (XOM - NYSE) - Updated EW count

Exxon Mobil Corp (XOM - NYSE) has completed WXY pattern from bottom as indicated in chart. It dropped in impulse as wave A and correcting up in wave B, which might take 2-3 days to complete. Thereafter C wave will resume the fall in price action. 

Chevron Corp (CVX - NYSE) - Updated EW count

Chevron Corp (CVX - NYSE) has completed WXY in double zigzag pattern from bottom as indicated in chart. It dropped in impulse as wave A and correcting up in wave B, which might take 2-3 days to complete and within abc flat correction. Thereafter C wave will resume the fall in price action. CVX and XOM are about 22 - 22 % holding value of XLE etf, which drag it down as both has C wave down within 2-4 trading sessions. 

Coca-Cola Company (KO - NYSE) - WXY wave pattern

Coca-Cola Company (KO - NYSE) has completed (X) wave in WXY correction at top and now it is in (Y) wave down. In 30 min time frame, it dropped in A wave and corrected in B wave at 61.8 % retracement. The C wave down is in the progress and completed its 1^st wave, now correcting in 2^nd wave, which should be good entry for C down wave to capture, but wait for 2^nd wave to complete with confirmation in 3 min time frame. Keep the eye on invalidation level to retain the count valid. 

Paypal Holdings Inc (PYPL - NASDAQ) - Impulse wave pattern

Paypal Holdings Inc (PYPL - NASDAQ) is in strong impulse wave up in 2 hr time frame. It is in the 5^th wave up, which is under extension. It gets extension above price level 164.40 $. So stay bullish above this level and keep the watch in 3 min time frame to trade. 

Tesla Inc (TSLA - NASDAQ) - Impulse wave pattern

Tesla Inc (TSLA - NASDAQ) is in 3^rd wave up in 2 hr time frame. It is in 5^th subwave of 3^rd wave up, which is extending now. It is in the internal wave 2 of 5^th subwave, so wait for impulse up in 3 min time frame to confirm the start of 3^rd internal wave to get into the trade. In daily time frame it is moving up in 5^th wave.

Autodesk Inc (ADSK - NASDAQ) - Updated EW count

Autodesk Inc (ADSK - NASDAQ) is in impulse up cycle and moving up in 5^th wave up, which is further getting extended. It is now in 3^rd subwave of 5^th wave up until it holds above 235.70 level. So stay bullish on the ADSK, until the level broke or upside target achieved as 5^th wave over. 

Square Inc (SQ - NYSE) - Impulse wave pattern

Square Inc (SQ - NYSE) is in impulse up cycle and moving up in 5^th wave up, which is further getting extended. It is now in 3^rd subwave of 5^th wave up until it holds above 98.20 level. So stay bullish above that level, until either it broke down or achieve the target level as 5^th wave over. 

Splunk Inc (SPLK - NASDAQ) - Updated EW count

Splunk Inc (SPLK - NASDAQ) is in 5^th subwave of 3^rd wave up within impulse sequence up in 2 hr time frame. In the 5^th subwave, it is within 3^rd internal wave in 15 min time frame and about to end with new high, thereafter 4^th internal wave will correct it before going for another new high to complete the 3^rd major wave. This is out-performer to SPX. In weekly time frame, it is in 5^th wave of C wave up.

DocuSign Inc (DOCU - NASDAQ) - Impulse wave pattern

DocuSign Inc (DOCU - NASDAQ) is in 5^th subwave of 3^rd wave up with high volume. It is about to end the move of 3^rd wave up, thereafter 4^th wave correction will start which is again given the chance to get in to trade, when it will be end. In weekly time frame, it is in the 3^rd wave up of C (or 3^rd) with huge momentum and volume and out-peforming the NDX.

Elastic NV (ESTC - NYSE) - Updated EW count

Elastic NV (ESTC - NYSE) is in 5^th subwave of 3^rd wave up in 2 hr time frame. It is in 5^th internal wave of 5^th wave in 15 min time frame, which will end the major 3^rd wave of impulse sequence up. Thereafter 4^th wave correct down and will give an opportunity again for up move.

Chegg Inc (CHGG - NYSE) - Impulse wave pattern

Chegg Inc (CHGG - NYSE) is in the final 5^th wave up of impulse sequence in 2 hr time frame. As per previous updates, it has completed 3^rd subwav of 5^th wave and correcting down in 4^th subwave, which will end soon and thereafter final subwave will rise to complete the sequence unless it further extends. This is not a trading opportunity, but if impulse over and give confirmation as impulse down in smaller time frame, then it can sell.

Workiva Inc (WK - NYSE) - Impulse wave pattern

Workiva Inc (WK - NYSE) is in impulse wave and about to over the sequence unless extend it further. It is in the 5^th subwave of 5^th wave, which is about to end soon, but wait for confirmation to end the impulse.

Zillow Group Inc (Z - NASDAQ) - Updated EW count

Zillow Group Inc (Z - NASDAQ) is in the 5^th wave in impulse up wave pattern in 2 hr time frame. It is in the 3^rd subwave of 5^th wave as predicted before. Stay bullish and find entry in 3 min time frame with good pull back until price is above the level of 59.60 as 2^nd subwave low within 5^th wave up.

Wix.com Ltd (WIX - NASDAQ) - Impulse wave pattern

Wix.com Ltd (WIX - NASDAQ) is one high away to end the impulse move up in 2 hr time frame. It is impulse also in daily time frame, which is about to end, unless it further not extend. In 15 min time frame, it in the subwave 4 and one more high will be there to complete the sequence. Good sell candidate it it really ends the wave cycle in both the time frame.

YY Inc (YY - NASDAQ) - Impulse wave pattern

YY Inc (YY - NASDAQ) is in ABC wave pattern in 2 hr time frame, where C wave is in progress with high volume and huge momentum. It has two alternate count, according to one count, it is about to end impulse sequence with one more high in final wave cycle. While as per alternate count, it is in the 5^th of 3^rd wave up, which will after correction of 4^th wave again make new high. So next correction in 60 min time frame will clarify the count as it progresses.

Shopify Inc (SHOP - NYSE) - Updated EW count

Shopify Inc (SHOP - NYSE) is about to end the final move of impulse cycle in 2 hr time frame, unless it further not extend. It made triangle in 4^th wave means possible reversal would be sharp down. But before confirmation no trade of short or long now. So wait for confirmation.

Twilio Inc (TWLO - NYSE) - Updated EW count

Twilio Inc (TWLO - NYSE) is in the 5^th wave in 2 hr time frame, which almost about to end. The last 5^th wave in 15 min time frame is extending, which is not good for trading. In weekly it is in its 5^th wave up move. So after impulse over, wait for confirmation to sell it if start under-performing. 

Godaddy Inc (GDDY - NYSE) - Updated EW count

Godaddy Inc (GDDY - NYSE) is in the 5^th wave up of impulse sequence up in 2 hr time frame. In 15 min time frame, it is in the 3^rd subwave of 5^th wave up, which further retraces and go up for final wave to complete the sequence as expected in previous updates. In weekly time frame, it is in strong up trend and near to make all time high.

6/18/2020

Analysis on Demand 

Wells Fargo & Company (WFC - NYSE) - ABC wave pattern

Wells Fargo & Company (WFC - NYSE) is in ABC zigzag move down in 15 min time frame. From last high dated 5^th June to 15^th June, it made a five wave decline as wave A, and currently it moving up in wave B in abc correction, where it is in b wave, thereafter one more wave c will go up to challenge the high of wave a made on 16^th June, where the wave B will end. Thereafter wave C will start its drop. Another way to analysis is that it is under-performer to SPX, because after SPX gone up so much after 12^th June, but WFC didn’t rise well like SPX. So I guess its not a good buying candidate.

JPM has another wave count, which I not mentioned in that labeling, It can be ABC simple flat like structure, if then it has already over the cycle. And next cycle will be down.  

Toronto Dominion Bank (TD - NYSE) - WXY wave pattern

Toronto Dominion Bank (TD - NYSE) is in (W)(X)(Y) corrective down cycle, in which wave (X) is under progress in further wxy correction. As mentioned in previous case of WFC, it is again under-performer to SPX, it has completed upper cycle in ABC from major bottom made on 23^rd April. In daily time frame, it has completed down cycle in ABC and correcting it further. 

6/16/2020

Chegg Inc (CHGG - NYSE) - Impulse wave pattern

Chegg Inc (CHGG - NYSE) has completed 4^th wave in WXY correction double zigzag. It starts moving up in 5^th final wave up, where it made 1^st subwave up, now wait for subwave 2 to complete down side along with market today. Keep eye on invalidation level as stop level. Thereafter 3^rd subwave will start moving up.

Smartsheet Inc (SMAR - NYSE) - ABC wave pattern

Smartsheet Inc (SMAR - NYSE) has completed five wave impulse sequence in 2 hr time frame, which is the 5^th wave of daily time frame, which indicates a good size correction for whole sequence in daily time frame (unless further extension). It made A wave down with all time high volume support. Wait for B wave to complete in wxy correction pattern where y wave is again subdividing abc and internal wave c is under progress, wait to complete that wave to get in to for bigger and larger C wave down. 

Domo Inc (DOMO - NASDAQ) - Impulse wave pattern

Domo Inc (DOMO - NASDAQ) is in 5^th wave up in 2 hr time frame. It has completed wave 4 in zigzag ABC correction. It starts moving up in 5^th wave, Keep eye on invalidation level, which if invalidate then used as stops to buy for 5^th wave. It is little under-performer in yesterday’s movement with NDX, so wait for more to have some confirmation to get in. 

Zillow Group Inc (Z - NASDAQ) - Impulse wave pattern

Zillow Group Inc (Z - NASDAQ) has completed 4^th wave ABC correction and moving up in 5^th wave final move up. Today with SPX, probably it may get down to draw wave 2 correction, which will be ideal entry for move up, until it holds the invalidation level of 4^th wave low.

Frontinet Inc (FTNT - NASDAQ) - Impulse wave pattern

Frontinet Inc (FTNT - NASDAQ) has completed wave 4^th as WXY complex double zigzag correction. It starts moving up in 5^th wave, where it completed 1^st wave, now correcting down in wave 2, which will be good entry for up move until it retain above invalidation level. In weekly time frame its at all time high and moving up in 5^th internal of 3^rd wave of C wave up. It’s a massive out-performer.

Shopify Inc (SHOP - NYSE) - Impulse wave pattern

Shopify Inc (SHOP - NYSE) has completed wave 4^th as triangle and starts moving up in 5^th wave. Smaller pull back in 3 min time frame as subwave 2 will be good entry to buy. It is moving out of triangle, means the move should be very sharp up without bigger correction, so that small pull back will be used to get in.

Godaddy Inc (GDDY - NYSE) - Impulse wave pattern

Godaddy Inc (GDDY - NYSE) has completed wave 4^th as ABC zigzag correction. It starts moving up in 5^th wave. Small correction within 3 min time frame will be good entry to capture impulse cycle, until it retains the invalidation level. In weekly time frame, it is in strong up trend and near to make all time high. 

6/15/2020

Apple Inc (AAPL - NASDAQ) - Impulse up pattern

Apple Inc (AAPL - NASDAQ) is in 4^th wave correction, of an impulse sequence. After it over, it again rise for one more final push up to complete the sequence. Wait for impulse wave confirmation in 2 min timeframe, to get in to trade. Within wave 4, c was in ending diagonal structure, which pushes price up sharply if it really proves then. So keep eye on it to 5^th wave up move.

Berkshire Hathway B (BRKb - NYSE) - ABC wave pattern

Berskhire Hathway B (BRKb - NYSE) is in (W)(X)(Y) complex corrective double zigzag wave pattern and wave (W) & (X) has been completed. The (X) wave took 0.618 times of wave (W) by price. It is very weak compared to SPX and about 13 % holding value of XLF etf. It has now begun the (Y) wave cycle downside. Wave A impulse drop completed today in five wave and correcting up in B wave, which might take 1-3 days to complete. Thereafter wave C will be started again in down direction. This stock is major indication that XLF will go in down direction. 

JPMorgan Chase & Co (JPM - NYSE) - ABC wave pattern

JPMorgan Chase & Co (JPM - NYSE) is in (W)(X)(Y) complex corrective double zigzag wave pattern and wave (W) & (X) has been completed. The (X) wave took 0.618 times of wave (W) by price. It is very weak compared to SPX and about 11.5 % holding value of XLF etf. It has now begun the (Y) wave cycle downside. Wave A impulse drop completed today in five wave and correcting up in B wave, which might take 1-3 days to complete. Thereafter wave C will be started again in down direction. This stock is major indication that XLF will go in down direction. The wave pattern is resemblance to BRKb.

AT&T Inc (T - NYSE) - ABC wave pattern

AT&T Inc (T - NYSE) has completed (X) wave of (W)(X)(Y) complex corrective. Now moving down to completed (Y) wave down. It has already made A impulse move down and correcting in B wave. Wait to get in to trade for C wave down. Keep eye on the stock. It may take 1-3 days to complete the B wave. 

Exxon Mobil Corp (XOM - NYSE) - ABC wave pattern

Exxon Mobil Corp (XOM - NYSE) has completed WXY pattern from bottom as indicated in chart. It dropped in impulse as wave A and correcting up in wave B, which might take 2-3 days to complete. Thereafter C wave will resume the fall in price action.

Chevron Corp (CVX - NYSE) - ABC wave pattern

Chevron Corp (CVX - NYSE) has completed WXY in double zigzag pattern from bottom as indicated in chart. It dropped in impulse as wave A and correcting up in wave B, which might take 2-3 days to complete. Thereafter C wave will resume the fall in price action. CVX and XOM are about 22 - 22 % holding value of XLE etf, which drag it down as both has C wave down within 2-4 trading sessions. 

Autodesk Inc (ADSK - NASDAQ) - Impulse wave pattern

Autodesk Inc (ADSK - NASDAQ) is in impulse wave pattern as indicated in chart. It has completed subwave 4^th of wave 5 and rising up in subwave 5^th for new high to complete the sequence. Any small pull back is good to get in to trade within 5 min time frame. It is about to trade at all time high to complete the wave.

Splunk Inc (SPLK - NASDAQ) - Impulse wave pattern

Splunk Inc (SPLK - NASDAQ) is in impulse wave pattern. It has completed 4^th subwave of 3^rd wave up. It is moving up in 5^th subwave of 3^rd wave up. So small pull back within 5 min time frame can be used to get in to trade for new high. This is out-performer to SPX. In weekly time frame, it is in 5^th wave of C wave up.

Elastic NV (ESTC - NYSE) - Impulse wave pattern

Elastic NV (ESTC - NYSE) is in impulse wave pattern in 60 min time frame from last low. It is moving up in 5^th subwave of 3^rd wave up faster, so small correction within 5 min time frame can be used to get in. It is out-performer to SPX and so that easily can achieve the new high. In weekly time frame it is in C wave up.

6/10/2020

Entegris Inc (ENTG - NASDAQ) - Impulse wave pattern

Entegris Inc (ENTG - NASDAQ) is in 4^th internal wave of 3^rd subwave of 3^rd wave up, which is one more low away to complete the correction as ABC zigzag. Thereafter it will rise for 5^th internal wave of 3^rd subwave. In weekly time frame it is all time high stock and in 2 hr it is in impulse wave up.

Microchip Technology Inc (MCHP - NASDAQ) - Impulse wave pattern

Microchip Technology Inc (MCHP - NASDAQ) is in 4^th subwave of 3^rd wave of C wave up in 2 hr time frame. The 4^th subwave was sharp compared to 2^nd complex wave correction, which is about to end soon and 5^th subwave of 3^rd wave will start thereafter. This is first pull back after making new all time high. 

Analog Devices Inc (ADI - NASDAQ) - Impulse wave pattern

Analog Devices Inc (ADI - NASDAQ) is in 4^th wave correction of C wave up in 2 hr time frame. Is takes little more time to complete 4^th wave. Thereafter 5^th wave up will start to complete C wave up. This is also good stock near all time high.

Texas Instruments Inc (TXN - NASDAQ) - Impulse wave pattern

Texas Instruments Inc (TXN - NASDAQ) is in 4^th internal wave of 3^rd subwave of 3^rd wave up, which is one more low away to complete the correction as wxy. Thereafter it will rise for 5^th internal wave of 3^rd subwave. It is in 5^th wave in weekly time frame. It is on the verge of breaking out for new all time high. 

Broadcom Inc (AVGO - NASDAQ) - Impulse wave pattern

Broadcom Inc (AVGO - NASDAQ) is in 5^th internal wave of 3^rd subwave of 3^rd wave up, which is just started and make new high to complete 3^rd subwave of 3^rd wave. The stock is in 5^th wave in weekly time frame. It may possible to extend 4^th internal wave correction slight dip below, but its a good buying opportunity. 

Twilio Inc (TWLO - NYSE) - Impulse wave pattern

Twilio Inc (TWLO - NYSE) is in impulse wave pattern in 2 hr time frame. It is in 4^th wave correction, but it is difficult to say that it is over or not, it may take the structure of triangle, or complex. But it is highly likely to make new high to complete the sequence. In weekly it is in its 5^th wave up move. So its a good buy trade. 

International Business Machine (IBM -NYSE) - Impulse wave pattern

International Business Machine (IBM -NYSE) is in 4^th subwave of 3^rd wave of C up in ABC zigzag wave pattern from bottom. It is about to over 4^th wave correction and will go for 5^th subwave to complete 3^rd of C wave.

Apple Inc (AAPL - NASDAQ) - Impulse up pattern

Apple Inc (AAPL - NASDAQ) is in 5^th subwave of 3^rd wave up after triangle breakout in 4^th subwave.  In weekly time frame, it is in massive up move, as ABC from major bottom on chart in 1982. It is in the 5^th wave of C wave in weekly. 

Amazon.com Inc (AMZN - NASDAQ) - Impulse wave pattern

Amazon.com Inc (AMZN - NASDAQ) is in of 3^rd subwave of 5^th wave up. In daily time frame it is very strong. But It is about to over internal 3^rd of 3^rd subwave as indicated in chart.

Facebook Inc (FB - NASDAQ) - Impulse wave pattern

Facebook Inc (FB - NASDAQ) has completed 1^st subwave of 5^th wave and now correcting down in 2^nd wave. Thereafter 3^rd subwave will start moving up. This is out-performing stock on daily time frame to NDX. 

6/5/2020

Frontinet Inc (FTNT - NASDAQ) - Impulse wave pattern

Frontinet Inc (FTNT - NASDAQ) is in 5^th wave extension and about to end wave 2 soon. Thereafter wave 3 will start moving up. In weekly time frame its at all time high and moving up in 5^th internal of 3^rd wave of C wave up. It’s a massive out-performer. 

6/4/2020

Facebook Inc (FB - NASDAQ) - Impulse wave pattern

Facebook Inc (FB - NASDAQ) is in 4^th wave correction moving in C down wave in ABC zigzag cycle. Occe it completed the 5^th wave will start rising again for new high. This is out-performing stock on daily time frame to NDX. 

Netflix Inc (NFLX - NASDAQ) - ABC wave pattern

Netflix Inc (NFLX - NASDAQ) is in ABC zigzag correction after impulse has completed. It is now in 3^rd wave of C down of final correction. Watch the invalidation level closely to retain wave count. This is wave 4 in daily time frame, means one more high will be after the correction over. 

Tesla Inc (TSLA - NASDAQ) - Impulse wave pattern

Tesla Inc (TSLA - NASDAQ) is in 3^rd wave up from major bottom on chart of 2 hourly time frame. It now in 4^th wave correction of impulse, which will take a day or two to complete and thereafter 5^th wave up will resume up trend. In daily time frame it is moving up in 5^th wave. 

Linde PLC (LIN - NYSE) - Impulse wave pattern

Linde PLC (LIN - NYSE) is in ABC zigzag wave from low shown in chart of 60 min. It is moving in 3^rd wave of C up, which is about to end and 4^th wave correction will start and take a day or two to complete. Thereafter it resume up move again as 5^th wave. In weekly time frame it has completed impulse up and now correcting it in may be flat correction.

TAL Education Group (TAL - NYSE) - Impulse wave pattern

TAL Education Group (TAL - NYSE) is in impulse wave up. In weekly time frame it is in 5^th wave as shown in chart. In daily it is in 5^th internal of 5^th wave where 4^th internal wave was triangle. In 60 min time frame, it is about to complete 3^rd wave and 4^th wave correction thereafter will start moving down, which probably sharp or complex as 2^nd wave was irregular flat. 5^th will probably start within 2-4 trading days. 

Elastic NV (ESTC - NYSE) - Impulse wave pattern

Elastic NV (ESTC - NYSE) is in impulse wave pattern in 60 min time frame from last low. The 3^rd wave is extended and moving down in 4^th internal of 3^rd wave up. Thereafter one more high will end up with 3^rd wave. In daily time frame it has completed down sequence in ABC and now new up cycle started moving up. 

Chegg Inc (CHGG - NYSE) - Impulse wave pattern

Chegg Inc (CHGG - NYSE) is in 5^th internal wave of 3^rd up. It is in 2^nd internal wave of 5^th up shown in chart, which is about to over and up cycle will start. Wait for confirmation to up wave after 2^nd wave over. In weekly time frame in ABC is in up move, where C wave is in progress. 

6/2/2020

Masimo Corporation (MASI - NASDAQ) - Impulse wave pattern

Masimo Corporation (MASI - NASDAQ) is in impulse wave pattern. It is now moving up 3^rd internal wave of 5^th up. It is very strong stock of NASDAQ at all time high. In weekly time frame also it is in 5^th wave, which is on extension. 

Catalent Inc (CTLT - NYSE) - impulse wave pattern

Catalent Inc (CTLT - NYSE) is in impulse up in 60 min time frame. In weekly time frame its in WXY wave patter, where Y wave is moving up in ABC up. Currently it is in C wave up. In 60 min its in 5^th wave up, which is further subdividing. It is in 2^nd wave correction of final wave up, which is about to end soon, it must hold the invalidation level. 

MyoKardia Inc (MYOK - Nasdaq) - Impulse wave up

MyoKardia Inc (MYOK - Nasdaq) is in impulse wave up in weekly time frame and moving up in 5^th wave. In 60 min time frame, it is in 5^th wave up after 4^th wave over as zigzag abc correction, where c wave was ending diagonal. The 3^rd internal of 5^th wave up started moving up. The invalidation level must hold to confirm the move. 

6/1/2020

Verizon Communications Inc (VZ - NYSE) - ABC wave pattern

Verizon Communications Inc (VZ - NYSE) is in ABC zigzag wave in bullish direction. It is within wave 1 and wait till wave 2 to get in to in 30 min time frame. In weekly time frame, It has completed ABC wave from 2008 low and need correction. 

JPMorgan Chase & Co (JPM - NYSE) - ABC wave pattern
JPMorgan Chase & Co (JPM - NYSE) is in ABC wave correction as Y wave of WXY wave pattern. Now it is moving down in 4^th wave of A, which is about to complete any time soon, thereafter 5^th wave will start up as shown in chart. In weekly time frame, it has completed 3^rd wave up and now in 4^th wave down correction. 

Visa Inc (V - NYSE) - Impulse wave pattern

Visa Inc (V - NYSE) is in 4^th internal wave correction of 3^rd wave up. It may possibility of 5^th wave extension if crosses high as minute wave as 3^rd internal of 3^rd wave. Watch closely the invalidation level, which must hold if the pattern has to be impulse. In weekly time frame it is in massive up trend and going towards new high, which is as per EW count.

Apple Inc (AAPL - NASDAQ) - Impulse wave pattern
Apple Inc (AAPL - NASDAQ) is in 4^th internal correction of 3^rd wave up of impulse pattern. It may triangle or complex formation. So dip will be good entry to up move. In weekly time frame, it is in massive up move, as ABC from major bottom on chart in 1982. It is in the 5^th wave of C wave in weekly.

Coca-Cola Company (KO - NYSE) - WXY wave pattern

Coca-Cola Company (KO - NYSE) is in WXY wave pattern in 30 min time frame, which is the part of B wave. It is in Y wave up so wait to complete it with confirmation to over. Because then C wave down will start. In weekly time frame it has completed ABC from major low starting from inception as shown in chart. So it need to correct down. In B wave it is started under-performing the SPX too. 

Bank of America Corp (BAC - NYSE) - ABC wave pattern
Bank of America Corp (BAC - NYSE) is in B wave, which starts from today upside against A five wave down as correction. After that C wave will be next down cycle. In weekly time frame it’s completed ABC wave cycle from 2009 low and now it is in correction. It is a weaker banking stock of NYSE, which is under-performing SPX. It is not confirmed that corrective WXY wave up is over. So wait for confirmation to trade bigger C wave cycle down. 

Abbott Laboratories (ABT - NYSE) - Elliott Wave count

Abbott Laboratories (ABT - NYSE) has completed impulse wave up and then correcting in WXY or it may be in 3^rd wave up, as it’s strong & all time high stock of NYSE. In both the case the temporary direction of trade will be up as shown in chart until price holds the invalidation level shown in 30 min chart. In weekly it’s within 5^th wave of 3^rd wave up, which was V shaped reversal in Corona crisis, so possibly it goes further up as the market direction also bullish these days. 

Merck & Company Inc (MRK - NYSE) - Impulse wave up
Merck & Company Inc (MRK - NYSE) is in internal 3^rd of 3^rd wave up (or C wave - in any case it will direct upside). It is about to complete 1^st minor wave of 3^rd internal wave after which only entry will be possible. But watch the invalidation level closely to maintain stops. 

NVIDIA Corporation (NVDA - NASDAQ) - Impulse wave up

NVIDIA Corporation (NVDA - NASDAQ) is in 5^th internal wave of 3^rd wave up. It is all time high stock semiconductor stock from technology sector and one of the top 50 market cap stock in US having about 2 % in NASDAQ weightage. It is in weekly in 5^th wave of intermediate cycle. It is strong stock and in internal 3^rd of 5^th of 3^rd wave as shown in 30 min time frame.