DAX is reaching wave 5 of what seems to be a first bullish impulse. Which means that we should have a deep retracement between 50 to 85% in order to buy again ahead of the trendy wave 3 that should come right after. DAX is definitely bullish so there's no point shorting the corrective with leverage. It's only for experienced traders and in order to pay for the...
The current configuration before FED suggest that there could be an interesting short scenario on EUR/USD to retrace further and search for a B wave before eventually buying later on. Of course this is counter trend, so the position has to be low leveraged and must have a stop loss above previous highs. For now we can see that the momentum is divergent, it hasn't...
Of course the projected waves are speculative and requires the prices to react in the spotted zone which a multi wave cluster zone. If the prices actually blocks there we will then probably have a two wave retracement and the overshoot pattern will very likely form a head a shoulder pattern to extend the correction to lower levels and pbly reach wave 1 overlap...
Today's surprising rally that followed the weekend with what headlines tried to explain as Korea's redemption and "less expensive" damages from Irma ! Well.. call it however you want to me it fits in two words > stop hunting ! This might be the only actual fuel to this unexepecter price surge that came out of nowhere. Anyway the right question to ask yourself is...
This is it, I'm not taking the last short reinforcement here, after shorting the top and the bearish breakdown, this pullback is really unexpected but to me it still looks like a great opportunity to put more money into this thing rather than being scared of bulls taking it over again. Of course this scenario comes with an invalidation level... and I also gave...
Reagarding the current counts, I think the most probable scenario would be an ending diagonal to terminate the corrective wave C. I suggested before this was too early to buy eurozone with a very bearish potential on US equities. US now tends to validate the bear scenario, and of course EU struggles to hold its supports. Plus Sinewave never showed any bull...
The analysis shows off that the long term bear trend of USDJPY 0.07% may have come to an end on this bottom and the reversal time is now triggering. We may have finished the first wave impulse of this new bullish trend . So we are now retracing to find point 'b'. This subwave is in-trend and can be bought with low risk. Of course as we're consolidating... wave...
The analysis shows off that the long term bear trend of USDJPY may have come to an end on this bottom and the reversal time is now triggering. We may have finished the first wave impulse of this new bullish trend. So we are now retracing to find point 'b'. This subwave is in-trend and can be bought with low risk. Of course as we're consolidating... wave 'b' can...
Just as the DOW count revealed, the DAX 0.76% may be creating an ending diagonal formation on fifth and final wave of the current count that started upon Trump's election and fueled the price without a single retracement (as 2 & 4 were both flat corrections ). Anyway we might be reaching a market top as suggested and as we didn't have any retracement and that...
Took me quite some time to build this up but the result shows a very clean sceanrio here ! Everything tends to correspond between each different timeframe and so the forecast is even more likely to occur. It shows that on the biggest timeframe, gold has made it's 5 wave impulse and is now retracing in 2 impulses. The first have been completed and we clearly see...