Three scenarios packed in one chart. Expanding triangle in arsenic, falling wedge in red and triple zig-zag in black. Good to go.
What is this chart? This is the Real-Estate Investment Trust (REIT) $MSCI it is the underlying asset for the 3xLeveraged Short Real-Estate ETF $DRV. Why is it important? Because if you buy $DRV during a housing market crash you can make some pretty insane returns, and if you look at the Elliott Wave count (unconfirmed) you will see that $MSCI has possibly just...
All USD Pairs to me right now suggest at least a pause (or close to one). Here is my updated EW count on the USD CHF. Can never be positive about a turn but that 1-hour candle has a long wick to it.
Risk aversion encourage price of yellow metal. Sharp rally started at mid January may be regarded as third wave. However, such a strong move may cause "failure" fifth wave, which does not move beyond the end of the third.
Warning! If initiate a long position, you need to wait some confirmation.
EJ is at a good support level of 125 price handle from a higher time frame. On a daily chart, EW analysis is suggesting that an up move is cooking at the same level. This can also be read as ABC corrective wave of 5th wave of a higher degree in EW analysis. The entry / stop & targets are hypothetical since I will enter the market on lower timeframe after there...
Here's my Elliott Wave count for the USDJPY on W1. It appears more likely to be a corrective structure (labelled it black with the gray label as the alternate). Please note that I label my waves different than most. The way I label it typically allows for the market to perform an "irregular B" wave that triggers new highs. I see three possible scenarios...
EW count on an h1 time frame. Short-term selling opportunity. Details on Chart
The next few days Crude Oil may perform a good correction based on rumors of production cut. But overall trend is still bearish. Around 39$ sellers may come into play. Although, in my opinion bottom is near. I'll be following Brent chart, because there technical picture more clear than WTI. Share your thoughts about WTI.
I m looking to buy to sell the pair as per my EW count. I may be right or wrong but if it is what I think it is, then it will pay a huge dividend for the risk I m going to take. Always remember in forex, risk/trade management is the name of the game. So if I m wrong I will know in first buy itself & I will lose 1R, but if I m right then in my first buy I will...
It looks like Bitcoin has just completed Wave (c) which is most likely a terminal impulse. This means that the overall (unconfirmed) pattern is an Irregular Flat on the daily time-frame, however, this pattern remains unconfirmed until we break the 0-B base line. Until then it is still possible that a triangle could form here. If this is actually an Irregular Flat...
Despite the panic sentiment on equity market DAX has possibility to rebound
1127 = potential Double-Top-Projection ?
EW-TARGET: 1020 = WAVE (Y) RED IF: - Resistace at 1155-Zone THEN: - Wave (X) RED is DONE ! - Wave (Y) RED will START !