This is the alternative big picture count. I dont prefer this count at the moment due to the fundamental economic data. The prefered bearish count is linked with this post.
This is my prefered DAX big picture count at the moment. I prefer this count in correlation with the fundamental Data which clearly shows us that Germany is in a recession. However I will also link some alternative Big Picture Analysis to the post which is bullish.
Take a look my EW Count. Of course there are always various scenarios in play, but this is my prefered one at the moment.
If you have followed my analysis in the past I expect the Markt to be in a corrective wave 4 (big picture) which I expect to play out as ABCDE Triangle. This Analysis has not been invalidated so far and is therefore still in play. PMIs out of Germany has come in with a new low and well under expectations in contracting territory of 41.4
This is the REAL, TRUE BIG PICTURE about USD/CAD. Aim short at 1.31296, be patience and you're going to be fine.
JPM is interesting at the moment. I have 3 Szenarios at the moment, take a look at the video for more
My Elliot Wave of Apple in the Big Picture. I am assuming this Stock to still be in corrective Wave 4 at the moment which should stretch out a little bit longer. This assumption however is only valid as long as we stay under the 260 price level.
This is not my prefered Szenario but it could play out of course. In this count it the area 8000-6000 (50-61.8% Retracements) needs to hold. If the area holds as support a 5 Wave move to the upside could play out which would be a bigger 3, however currently I prefer the bearish Szenario for Bitcoin (take a look at the Bearish count big picture).
In this Szenario we are currently trying to reanimate the Bitcoin Hype but this ultimately false and therefore we are in a corrective B wave, which will be followed by a C wave which will kill the hype. This is my prefered Szenario but of course there is also a Bullish count (take a look at Bitcoin Bullish Szenario).
This is my prefered EW Count for the S&P500 at the moment. I expect more weakness short term, currently we are in a smaller abc 3 wave move on the downside however once this is finished I expect a corrective wave 2 to be finished after this the last fave waves to the upside should continue. I expect this to be the last run up in the current bullmarket. This EW...
This is my prefered EW Count the German Market Index DAX at the moment. According to this Count we are in a Corrective Wave 4, which plays out as a triangle. I expect one more push to the downside 11000-10700 area, which would be a good buying level for a Swing Position. Together with the seasonality DAX is normally weak during August, we have clearly seen this...
Below is the 3200 SMA it will touch there. This is my prediction. Trade on your own risk.
On the 4 hour and Daily, there is a strong potential of a shark pattern completing for GBPAUD . As of right now, any pullback is for the short. Fundamentally speaking, the bearish sentiment falling on GBP and AUD strength aligns itself with the technical analysis on this pair. If and once price reaches the target zone for entry, look for reversal candlestick...
We can see the impulse move to the downside on the left of the chart, indicated by the first pink arrow. Then there was a consolidation structure formation which completed 5 waves and broke to the downside. This indicates that we are in the second impulse move, indicated by the second pink arrow on the right. Based on the initial impulse length, we can expect a...
Zero risk volatility The main risk free rate of return is the US government treasury bill and that is one of the oldest bull markets we have today. With rates so close to zero, some argue the market have already peaked. Weaponized "exorbitant privilege" The US monopoly over the global payments infrastructure has been challenged by Germany’s foreign minister,...
BA has been bouncing around in this area for a while now after a really strong bull run over the last few years. As a big competitor in the airline business its no wonder it keeps its value even in tough times. The reason I believe this to still be a cheap stock and looking to see BA go further 1, 2, 3 years down the line is taking into consideration the space...
With the bullish action the last few days, I wanted to check the overall market structure to see if any major breaks had occurred. We are still ranging within this descending triangle since mid-January 2018. By my calculations it could be another 39 days - 59 days until we break out of this long term descending triangle. You can see that the range is tightening,...
Pretty simple, we're wedging at an important level. This is NOT a gimme setup because we're not really trending yet. Let's watch for buildup at the level and see if we get naked attacks vs buildups....we'll have a better clue as to what's going to happen. Updates to follow!