396 23 6
Ending diagonal trade .
hussain9 PRO
2 years ago
We broke down the lower trend and the resistant of wave 4 , that's confirm the diagonal had terminated and the dowi is going to the origin of this ED at exactly the red line or may be beyond . wishing for all the best .
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hussain9 PRO
2 years ago
A strong correction always following this wave , our target as I said previously is 15337
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willworknow
2 years ago
Look at my long-tern charts, trackthemarkets.com, and I think your ED is close to being right...BUT...your 1 should be moved one peak left and your 2 is the bottom right of that, where your red horizontal line is drawn. This will give it the "right look" and diverging trend lines to a peak. Also, the trend has changed....you have labeling of an a-b-c down. I think this top is a HUGE expanded flat with the A at ~6400, B compete at the top of this Ending Diagonal, and a C all the way down WAY past the 6400 in 2008/9. Look at my monthly charts. This could be rough over the next 2-3 years. The ASX200 and Footsie have also completed an ED. Most markets are going to crash over time. This is deflation. I would like to know what you think about this? My first target is 14700...the beginning of the ED. This would be a higher degree first wave.
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hussain9 PRO willworknow
2 years ago
thanx for your comment and correction . now we are in a possible up b wave of a flat correction , we will wait and see . but take cautions especialy at the top 17351 if we went for a new high .
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hussain9 PRO willworknow
2 years ago
I agree with u about the Dowi target 14700 .
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hussain9 PRO
2 years ago
another possibility :

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willworknow hussain9
2 years ago
Honestly....I have never seen an expanding ED....it may look like that...but it's usually something else. Even Prechter/Frost said that in their book. I look for higher probability patterns that have the "Right Look". Right now, I am unsure about this ED, yours or mine. This last move up looks too impulsive and there is no discernible 3-wave structure...which is required. The upper trendline of 17500 should provide strong resistance. I am unable to post my charts here....so I will update what I think could be going on here www.trackthemarkets.com Look at my live (at the time) markup/trade of the EUR/$ Ending Diagonal vs. what the DOW is doing. The EUR/$ had a PERFECT (c = a etc) 5th wave (3-wave structure) prior to the crash. The DOW...it appears to go straight up. This could be a impulsive 5th to end this whole madness. Too much above the upper red trendline, that we thought was the upper level of an ED, and I will be considering a long position...maybe to 18xxx. There is one thing...the market definitely respects and sees that upper trendline. This would be a good turning point.
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hussain9 PRO willworknow
2 years ago
very interesting . I am expecting vampires to be there in next few weeks for the dowi .
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hussain9 PRO hussain9
2 years ago
snapshot
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willworknow hussain9
2 years ago
I have a question...I see you are an Arab right? Look at this chart...how is this going to affect you and your country? Everyone thinks that plummeting oil is a good thing...but it's just the first sign of deflation...
https://www.cubbyusercontent.com/pli/Oil+10-27-2014++Monthly.png/_7464385bd983473083092f34482f66c3

In this chart...the triangle has been violated. This means that we are headed WAY lower...over the years to come. Either way...we are in the c-wave down. I charted this on 10-17-2014...showing two possible outcomes. It picked one.
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hussain9 PRO willworknow
2 years ago
yeah I am an Arab . Sure its going to affect my country if its below 65$ . I agree with you about the down C wave and this is my view of the monthly chart :
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hussain9 PRO hussain9
2 years ago
weekly
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willworknow hussain9
2 years ago
As you show...it headed a lot lower than that.
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hussain9 PRO willworknow
2 years ago
A strong 3rd wave . I think we are going to see 52$ soon :
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willworknow hussain9
2 years ago
For sure...I think we are headed closer to $36. The DOW may have made an all-time lasting high @ 17991...this is around where I got in. Also, the ASX200 could be headed down in a wave 3 of 3 after an Ending Diagonal. It appears that all markets (that I follow) are poised for a (deflationary) collapse over the next 2-3 years.
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hussain9 PRO willworknow
2 years ago
yeah and you can see here the impact on Russia economy as they are going to pay more for their living . the USD/RUB increased associated with lower oil price :

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hussain9 PRO willworknow
2 years ago
what about your look to DXY , I am seeing a 5 impulsive wave going :
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willworknow hussain9
2 years ago
I have this labeled like your (1) and (2) as well...looking higher. BUT...we could be coming to the end of a smaller 5-wave advance....meaning a possible pullback before marching on.
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hussain9 PRO willworknow
2 years ago
The increase in dollar are going to lower oil prics more and seeing 36$ is not a dream any more as u said before :
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I am waiting for the 4 the wave .
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hussain9 PRO willworknow
2 years ago
hi brother , we are so close for USOIL and seeing the price in 30s is no longer a dream any more :
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hussain9 PRO
2 years ago
dowi daily : I think we are going to 18558 or more .
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hussain9 PRO
2 years ago
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hussain9 PRO
2 years ago
EURUSD Weekly :
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