Soybean Oil - Elliott Wave by Vitamin_K
Based on my EWC we might expect a correction of wave 4 minor degree. We might see a triangle taking place or else an abc or complex correction. If you got any questions please do not hesitate to ask me. I am verry happy to help. Thanks and let me know what are your thoughts!
Current scenario seems to be a corrective move , that too in a triangular wave structure before the currency prepare gives a terminal thrust to complete its 1-2-3-4-5 impulsive wave. As of now the price will move up & likely to face resistance near the zone of 1.18500 which will complete the wave - d of the triangular wave. After facing the resistance , the...
NASDAQ:FB Waiting on news and hype to break the highs. Count supports it. Position yourself for a break to the upside.
OANDA:SPX500USD An ending diagonal always appears as wave 5 of an impulse or wave C of a zigzag or flat. Waves 1, 2,3, 4 and 5 of an ending diagonal always subdivide into zigzags. I see zigzags within wave 1,2,3, and 4. Invalidation level at wave 2.
FOREXCOM:USDZAR Dollar strength. Emerging markets to feel some more pain. Long it.
TVC:DXY We are back to Chinese trade tensions with Chinese companies possibly to be delisted from the NASDAQ and Hong-Kong protests back on. If we want to see a pullback on US indices, I am convinced this will depend on the USD. The demand and surge of it will mean pain for equities. With that said, I can see 5 waves to the upside in micro degree to complete a...
CURRENCYCOM:US100 Current count holds on to the possibility of a relatively short to medium term reversal. Last move, if true, should NOT go past the 1:1 ratio of submicro wave 3. This is to satisfy rules for a contracting ending diagonal. Submicro waves must be 1>3>5 and 2>4. Count invalidation at ~9640.