Ethereum Wave Five

 

A monthly chart of Ethereum showing my favored count. This count is showing a five wave leading diagonal with a possible trajectory for the 5th wave. A lesser possibility in my view is that the above labeled wave 3 is just waves one through three of an impulsive wave 3 (not shown). 

Barclays 20+ year treasury bond index looks to be completing a five-wave pattern to the downside

The TLT etf which tracks the Barclays 20+ year treasury bond index looks to be completing a five-wave expanding diagonal pattern to the downside on the monthly charts as shown by the blue labeling. It has a current dividend yield of 1.90%.

The 5th wave has had a run down close to the lower trendline but has not reached it. 5th waves in an expanding diagonal usually end before hitting that trendline so the 5th wave may be complete or very close to complete.

With that completed 5th wave count, if it is making a zigzag, wave b has an average retracement of wave a of 58% which is at 149.8. The range of that average retracement is within 20% which equates to 136-164. The 58% retracement level is shown on the chart below at letter b on the yellow labeling. The green trendline looks like a good place to put a price target and that trendline reaches the 58% retracement level around January of 2028. It hits the 136 level around January/2025 and the 164 level around January/2031. That makes for a six year time span, 2025-2031 to watch for that trendline to be reached by wave b.

Quarterly chart of iShares 20+ year treasury bond etf(TLT). Click to enlarge.

Eli Lilly Cycle Wave 3

LLY is in primary wave 3 of cycle wave 3 on the monthly chart. Wave 3 is usually the longest wave although the below chart shows a shorter wave 3 projection. This is shown below with wave 3 topping around 380 with the current price near 315.

Eli Lilly monthly chart. Primary count is orange labeling. Cycle count is blue labeling. Click to enlarge.

Bitcoin Diagonal 5th Wave Still in Progress - New Count

The move last week below the June/2021 low has changed the wave count for Bitcoin. I am still counting it as an ending diagonal as shown in prior posts, but it is now a larger diagonal formation. The move down from the Nov/2021 high is wave 2 of the larger diagonal. With this count, there could still be another move down below the May 12th low but it is not a requirement. 

Bi-monthly chart of Bitcoin showing updated count (orange labeling). Original diagonal 5th wave count is shown with purple labeling (updated in 2/6/22 post & originally given in this blog's Aug/2021 post). Long term count from 2010 is shown with blue labeling (long term count was originally given on this blog in January of 2021) . Click to enlarge.

LUV Wave Five

The bimonthly chart of Southwest Airlines (LUV) is showing a five wave impulse since 2009. Wave four bottomed in 2020 and wave 3 of wave five is currently in force most likely. The least bullish wave five possibility would be a contracting diagonal which is shown in the blue labeling in the chart below as would be seen if a standard contracting diagonal plays out with minimal length waves 3 and 5 (circled blue labeling). An impulse or expanding diagonal would be the more bullish possibilities and could go a lot higher.

Bimonthly chart of LUV. Blue labeling shows the
 contracting diagonal possibility for wave five.

Silica Holdings Wave 5

Silica Holdings(SLCA) wave count is indicating that wave 5 on the weekly chart is now in progress. There is a trendline in the 35-40 area that is a good target price. 

Weekly chart of SLCA. Blue labeling shows wave count & wave 5 price target area.