Under the elliott wave technique the odds for the actual down side movement target seems to be greater for the 0.93 than 0.95 due the convergence of fibonacci levels. As you can see here the 3rd was the extended wave into this impulse and if we plot the 38.2% level of division for this impulse the objective for the total impulse coincide almost exactly with this...
The channels are one of the most important pieces to underdstand the market behavior, not only under the Elliott Wave technique, but also as traditional technical analysis. Its importance stands at its simplicity and at the same time for it's early signals that can provide. In this chart: If you look at momentum (MACD) we can imply that the down trend will...
The USDCHF closed the las friday bouncing from the 50% retracement of the movement from the 0.9246 to the 0.9837 and the phantom resistance 0.9511 at the time that made a bullish Harami. This in a context of upside swings shows a chance to trade with a respectable ratio risk reward 1 to 1.6 a buy with a minimum target to the 50% of the movement fron the 0.9837 to...
It was almost the perfect setup, for a trend reversal: After a quite long decline A down trend line broker With lower volume at the head forming With some rise of volume at the end of head But... The last shoulder seems not right! It should show a lower volume only on the declining part and a rise in the volumen accompaning the upside movement to touch again...
Always to try to count new instruments is some risky, mostly because the lack of context which could lead you to wrong assumptions, but with this chart will take my chances. Since September last year the price of this broker seems to get in to an impulsive wave which is very possible to reach prices arround 17. I'm making here some logical assumptions in order to...
This is a fast elliott wave count for Ford in the pullback we have 2 possible counts, or its a correction till 8USD or is still correcting and the last up side movement, is the ((c)) wave of an expanded flat B
As you can see, we have an up side impulse here in the natural gas chart, with a 5th wave developing right now, and if you look carefully, because the movements in the wave (1) we can assume that the wave is extending its 3rd wave as well. The last down bar should then be (at least part of) the 4th wave of wave (3) and therefore afther a new high, should come a...
If this is an impulse to the upside, which seems very possible the chances are more inclined to see the upside pressure continue till the 85.60 objective be reached. The reason for this si 3 things: 1) the ending channel allows space even to a greater up side objective 2) the fibo guidance that says that wave 4 tends to divide the wave into sections commonly at...
This thusday the price ended formign what we can call a piercing (candlestick) reversal, looking for the context where this is draw we find the next good confirmations for this signal: -Failure to break the 1.5020 support zone -Retracement of the 76.4% at this support -Gartley acomplished with 61.8% extension All this together form what we can call a very good...
The over bought condition in the S&P500 is really extreme, few times the market can get 20 sessions with out more than 1 session of rest pushing for new highs. The father of candles in western, Nison, states that more than 8 is over bought so... Afther all this, a shooting star reversal appears, and very noticeable, but have 2 main problems: 1) the short reversal...
As you can see, my elliott wave theory is that the decline that has failed, at least as far as, now in make new lows is an reactive count and then is confirmed by the first 5 waves up, that indicate that a new rally is in the horizon. We should expect perhaps a little lower pullback before a new strong wave up appears
No doubt this is the most clear and profound pullback for the AUDUSD decline since the last part of the fall begun a week ago. But now is time to confirm our assessment for the actual wave count. We can have 3 main theories that persist until now about this impulse: My favorite count is the black, about this we have talked before, under this idea we have an third...
Today I find a perfect set up for a reversal in the crude, in a down trend as you can see, by the lower high and lows, and after the profund pullback, the resistance remain intact. If todays get to reverse like a dark cloud cover or just end as insider bar, tomorrow the selling presure could increase greatly. even more if the risk reward ratio remain over 2 reward...
9 Days ago I published a chart where stated that if this was an impulse to the down side, the movement should accelerate. Well that was not exactly what the price did, but yet as well have not prove the contrary. As you can see in this follow up the down side movement since then still forming an impulsive wave with 5 clear movements, followed by a clear zigzag as...
The AUDUSD seems to be in an impulsive wave, but this have yet to give more movement to the down side even if instead of an impulsive be just an abc correction (a should be i) in this case and iii) should be c under this assumption). As you can see, the key to notice that the rest of the wave down still need to develop further is the extension into 2 wave...
Since the movement to the upside is most probable the first of a new sequence and most probable the first of a new impulsive movement, the odds are in favour of more retracement. Then the most probable scenario in my elliott wave theory is that we are in the middle of an expanded flat The actual up side impulse is the c)) (micro) of the b wave that will be most...
Sorry this chart corrects the wrong name for the flat on the 4th wave of (3)
Just that, one of the tools to help to determine the most probable elliott wave count is to look for the alternance in the 2 and 4 waves. This way we can find that the expanded wave was 3 and not 5 and therefore that the end of this wave could be closer than if the scenario were extending the 5th.