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Archive by author: Alessio BarrettaReturn
December 2022
Elliott Wave charts by Alessio Barretta 4 Hour - Looking for further upside as we have a nice alternation between a sharp wave {ii} and a sideways/potential triangle wave {iv}. Daily - It looks like we are into wave (3) and we are looking to extend higher. We have consolidated above all averages and it looks like we are ready to resume higher.
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Elliott Wave charts by Alessio Barretta 4 Hour - Looking for wave {iv} to potentially be a running flat as it stands right now. We are seeing bearish RSI divergence which could signify an imminent wave {v} Daily - I slightly changed the count to allow for further upside into one last move higher in wave {v}. ADI Elliott Wave Count:  Wave {iv} of 1.
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Elliott Wave charts by Alessio Barretta 4 Hour - We managed to have a sudden reaction lower off equality of {a} vs. {c} which is why it is crucial to look for waves relationship when you are looking for both entry and exit strategies. Daily - We finally had the down move we have been anticipating for quite some time now. At this point we haven’t necessarily entered wave 3 however we can look for the structure of the next upward pullback to check whether it’ll be a three or five wave move.
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Elliott Wave charts by Alessio Barretta 4 Hour - It looks like there is a possibility the correction is completed as we also reacted higher form a high volume level. PYPL Elliott Wave count:  Wave {ii} of 3. Daily - We have had an additional move lower which we weren’t anticipating, however the overall count stays intact as there has been no massive wave count invalidation.
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