VIX and DXY within uptrends: the environment is bearish for risk assets, and quite particular. A VIX-plosion would trigger a flash crash in risk assets and invalidate several EW counts. So far, the correction has been structured in indices, OMX included. We are currently trying to double bottom but the final destination for a bottom is unchanged: the 50% retracement of the whole 2020-2021 structure (1770) which is aligned with the blue PT (of the blue algo MM short). EW speaking, we'd be completing a double zigzag there.
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We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively but backed by solid algo trading evidence. We also answer all your questions regarding the Elliott Wave Principle!
Cryptos are updated every day of the week and on Saturday, if necessary.
Traditional assets are updated every day of the week.
Elliott wave & Fibonacci labelling:
Common path in white, bullish count in green, bearish count in red.
Please like and share if you appreciate this market update.
We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively but backed by solid algo trading evidence. We also answer all your questions regarding the Elliott Wave Principle!
Cryptos are updated every day of the week and on Saturday, if necessary.
Traditional assets are updated every day of the week.
Elliott wave & Fibonacci labelling:
Common path in white, bullish count in green, bearish count in red.