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Thursday, November 8, 2012

$AMRN: Daily EW count and forecast for newies.


We use on our technical analysis, Elliott waves, Fibonacci ( In all its ways) and Pitchfork lines ( Using Fibonacci). Above is our daily Elliott Waves (EW) count and in colors red,blue and green for each degree of the waves: Primary,intermediate and minor in this case.

In our blog:   http://perutradercharts.blogspot.com you can find information of Elliott waves, fibonacci and here you can learn about Pitchfork lines: http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:andrews_pitchfork

$SPX $AAPL $AMRN EW count and forecast with Pitchfork analisys



$SPX finish the day bearish and near the 1,370 milestone forecasted days ago. I continue thinking that we can see some support next day or days.




$AAPL is on a huge reverse, as primary wave 4 is in play but, maybe, the 61.8% Pitchfork could give some support and a retrace could develop.




$AMRN is the one We check out very near and is getting some bullishnes, maybe to 11.70, but we have call, weeks ago that this stock could get a huge downfall down to 5,

$AMRN: Pitchfork update.


Price has to recover the 76.4% pitchfork retracement position as support.

$AAPL: EW count and forecast with Pitchfork analisys


We have call, days ago, a huge retracement for AAPL as a primary wave 4 retracement. In this moment ,price is in battle with the 50% Pitchfork retracement,

$AMRN: Pitchfork update. 15 min chart.


Pitchfork in the 15 min chart is telling us that the bear side has the control . We wll watch closer this chart to know in what moment the mood change.

$AMRN: EMA and Pitchfork análisis. 15 min chart



EMA 55 and pitchfork, working as resistance and support. We call yesterday for wave 3 in place and now we are calling for a retracement as wave 4, up to 11.70. Price need a solid break up of EMA 55
( now at 10.80)