The retracement from the 255 low seems to be completing at the moment, an ABC correction should be expected at this point. After this, we will resume the decline towards sub 260 prices to retest the lower trendline of the big descending wedge. After the first corrective leg down (correctionA) there will be a correction to about 50% of the fall, this should put...
On the 1W chart we have a complete 8 wave cycle about to finish off. Elliot wave ABC correction is in full swing at this moment. Based on the fact that C should be lower than A, we will see prices around 25-30 USD per barrel before going back up again. Note that wave B consisted of a rising wedge, which once it breaks down should have the same length as the...
On this 4H chart I'm looking for the retest of the mid-channel line followed by a retracement between the 1.2410 and the trendline pointed to by the blue line. That is where I will likely go SHORT to 1.23610 area. The Russian eco kind of through my game off but I believe the EURUSD will get back on it's main course. Just in case: If I see some nice price action...
DJ Silver Index seems to be recovering from a leg down plunge.
If it breaks the neckline and confirms the head & shoulders top, you can expect another leg down to 8136 - 7700 (maybe even this year). If no breakdown occurs and 8902 holds, I expect a decent bounce to 9500+ Also, interesting ratios between the last 4 waves indicate good downside potential.
up or down !! if up => go to 2050 if down => bridging the gap in 1950 and maybe later in the very long term go to "1800-1700" What is your choice ? up or down !!
Just watching PA in this area. PA is Beginning to push up against both a down TL and resistance area. If price breaks through it may continue move up toward the recent 101 high. If it breaks lower look to the recent low where buying volume was very high. I have purchased a Jan.15 call w/a strike @ 100. w/ the holiday season approaching I believe PA will get the...
Gold is not yet facing a change in the trend. The general trend is still on the downside. However, the Commodity was in an oversold situation and ECB has decided to lower its interest rate. Therefore, there was a normal move towards gold, seen as a safe heaven for the investor. Having said that, although there is a technical move on the upside, this should be...
Check the points on the chart: - The down trend is still in place - Recently no great news have been release so it is still trading there - Some gaps are still left to fill, although this is not a strong aspect - Technical indicators are turning up and may show some upward trending 18 seems to be the max achievable price at the moment and if reached will show...
CAC40 had a great mechanical growth based on QE3 and the reform made by CAC40 companies. My headline goal was 4506 and we did arrived to that level. The market is trying hard to go above 45XX but without any succes. If the attempt was starting when CAC40 is at around 4400 and the W%R at the limit of oversold such as betwwen -80 to -60, then ,there would be an...
AUD / NZD - Breaking Up the most Accelerated Tentative Down Trendline. If the price will close above 1.0920 it may be a change in trend
we can see wedge. decline of the euro against the dollar
Recent actions put ZNGA in a paralel downtrend and touching the 200 DMA, an important level. There are some small triangles formed between the falling 20 DMA, the 200DMA and the trend resistance. going below 200 DMA would lead further sell-off. An interesting triangle forming leading up to the earnings date (formed from the floor of the pervious gap and the down...
For now even good earnings failed to change the trend after it broke the previous trend support line . Latest sessions bounced off 150 DMA, but there may be some elliot wave type of action pushing the price lower for now. Also it covered a gap from some time ago and for now is below the middle bolinger that has been a good indication of a bearish trend for this...