Recent Articles by Garrett Patten

World Markets Weekend: Wave Counts for DAX, STOXX, FTSE & More

The DAX consolidated sideways last week, ultimately holding above the prior week’s low.
by Garrett Patten - 2 days ago

$FB - Elliott Wave Chart Analysis on Apr 29th, 2021

Looking great as wave (c) of iii filling out, 641.63 remains the ideal minimum target to reach before completing and pulling back again in wave iv of C.
by Garrett Patten - 6 days ago

$FB - Elliott Wave Chart Analysis on Apr 27th, 2021

Trying to turn up in the start to wave (c) of iii.
by Garrett Patten - 1 week ago

$ES - Elliott Wave Chart Analysis on Apr 22nd, 2021

The higher high this morning gives us a nice 5 up from Tuesday's low for wave 1 of v, I am buying this pullback as wave 2 of v.
by Garrett Patten - 1 week ago

$SPX - Elliott Wave Chart Analysis on Apr 20th, 2021

Update on my SPX chart with targets for anyone interested
by Garrett Patten - 2 weeks ago

$BTCUSD - Market Analysis for Apr 18th, 2021

I was rooting for the more near-term bullish path in red from my last post, but the drop in Bitcoin seems to favor a top in the blue count instead. If the blue count continues to play out, then a 4th wave correction can eventually take price back to 42k - 32k overall before completing.Otherwise, the only more immediately bullish count I see is that last week's high was the b-wave in an expanded flat 4th shown in red. This path would look best with one more low to complete the wave c of (iv), but not required since WXY structures are more common in cryptos.
by Garrett Patten - 2 weeks ago

$BTCUSD - Elliott Wave Chart Analysis on Apr 16th, 2021

This pullback in Bitcoin fits well as wave B of iii within the red diagonal imo. Tested a .500 retrace at the low this morning. If price does continue to follow the red count, then 68880 is the next target for wave C of iii.
by Garrett Patten - 2 weeks ago

$TSLA - Elliott Wave Chart Analysis on Apr 14th, 2021

Today's high on TSLA came close enough to the ~790 target to potentially have completed wave c of (B). However, a break below 669 will ultimately be needed to confirm that.
by Garrett Patten - 3 weeks ago

$BTCUSD - Elliott Wave Chart Analysis on Apr 13th, 2021

Bitcoin is now entering into the lower end of the target region for wave v of 3 that I laid out back at the end of Feb. How high price wants to reach into the blue target box depends on which is the correct subwave count. Right now I am leaning red.
by Garrett Patten - 3 weeks ago

$FB - Elliott Wave Chart Analysis on Apr 13th, 2021

FB at the point where a consolidation as wave (b) of iii would be reasonable, 300.74 - 291.75 support if price does pull back from here.
by Garrett Patten - 3 weeks ago

$SPX - Elliott Wave Chart Analysis on Apr 13th, 2021

The cash SPX chart is a little easier to count as an impulse compared with ES, and can be approaching a local top within the next ~30 points as wave iii of (iii) to setup a near-term consolidation as wave iv of (iii) next.
by Garrett Patten - 3 weeks ago

$DAX - Elliott Wave Chart Analysis on Apr 2nd, 2021

The DAX closed higher as well, and like the STOXX has just about satisfied the expected upside for wave 5 of iii. Therefore, while extensions are always possible, once that target is achieved then we can consider the high probability portion of wave 5 of iii has filled out, allowing for a corrective consolidation as wave iv of (iii) next.
by Garrett Patten - 1 month ago

$ES - Elliott Wave Chart Analysis on Apr 1st, 2021

Micro count that I am leaning toward right now on ES
by Garrett Patten - 1 month ago

$MIB - Elliott Wave Chart Analysis on Apr 1st, 2021

Price should be working on wave C of (3), with 26335 - 28950 as the overall expected target region to reach before topping and correcting in wave (4) of C.
by Garrett Patten - 1 month ago

$FB - Elliott Wave Chart Analysis on Mar 31st, 2021

Last week's low easily could have completed wave ii of 5, any sustained breakout above the current March high and August high should target 328 - 342 next as wave iii of 5.
by Garrett Patten - 1 month ago

$TSLA - Elliott Wave Chart Analysis on Mar 31st, 2021

TSLA held where it needed to for wave B of the wider flat (B)-wave in blue, so as long as price is above the low made earlier this week then price can target ~790 next as blue wave C of (B).
by Garrett Patten - 1 month ago

Bottom In Place, But Room To Consolidate

The trend remains up for the Emini S&P 500 (ES) and pullbacks are buying opportunities.
by Garrett Patten - 1 month ago

$TSLA - Elliott Wave Chart Analysis on Mar 26th, 2021

May need one more low to test the .618 retrace at 601.70, but as long as that support holds I still favor the wider flat (B)-wave in blue.
by Garrett Patten - 1 month ago

$FB - Elliott Wave Chart Analysis on Mar 25th, 2021

Entering into standard target support for wave ii of 5, 275.63 - 270.24 next retracement levels to watch.
by Garrett Patten - 1 month ago

$ES - Elliott Wave Chart Analysis on Mar 25th, 2021

ES should be turning up here in a 4th wave bounce within an ending diagonal wave c of (ii). 3890 is the ideal target to reach as wave 4 before turning back down for OML as wave 5 of c to complete wave (ii) around ~3840.
by Garrett Patten - 1 month ago

$FB - Elliott Wave Chart Analysis on Mar 23rd, 2021

Getting closer to a new ATH
by Garrett Patten - 1 month ago

$BTCUSD - Elliott Wave Chart Analysis on Mar 21st, 2021

Looks like the final wave v of (v) in Bitcoin will fill out as an ending diagonal. As long as price is holding above the Mar 15th low (and ideally above last night's low) I expect one more high into the blue target box.
by Garrett Patten - 1 month ago

$TSLA - Elliott Wave Chart Analysis on Mar 19th, 2021

TSLA in the middle of target support for blue wave B of (B), room down to 601.70 but as long as this support region holds I am expecting a turn back up as wave C of (B) next.
by Garrett Patten - 1 month ago

$BTCUSD - Elliott Wave Chart Analysis on Mar 15th, 2021

Looking for Bitcoin to hold between here and 53500 in order to setup one more high toward 66000 where wave v of 3 will likely complete.
by Garrett Patten - 1 month ago

World Markets Review: Breakout in European Indices

The DAX traded strongly higher last week, breaking out cleanly above the prior high on the month and the February high.
by Garrett Patten - 1 month ago