Anarchomania

Anarchomania Updated 

Seems to be holding the probable pattern of a straightforward zig zag ABC. Target around EUR 6.00 (assuming wave C equal to wave A in % terms. Also in close proximity to the 0.382 fib)

Anarchomania

Apart from the anomalous spike last night, wave C of the triangle nailed the 0.618 of wave A to the tick . This is extremely common in triangles, thus adding weight to the expectation for more sideways price action. If the rest of the triangle unfolds as normal I would expect a bounce of about 9.40 (D), followed by a rally to about 10.45 (wave E at 0.618 of...

Anarchomania

The possibility exists that wave B of the correction may unfold into a 5 wave triangle (as indicated above). If so, the impulse wave C would be delayed, however I see no reason to alter the target....around EUR 6.00. Also see main count (link attached)

Anarchomania

Again, only becomes a possibility if a break to the downside occurs. See linked idea for more detail.

Anarchomania

If the current triangle breaks to the downside, it could signal a B wave high, which in turn could be followed by a 5 wave decline to complete the corrective zig zag pattern. Price target if this were the case would be in the region of the previous wave IV...around $63. It's not a definite, but certainly a possibility - since the current pattern would almost...

Anarchomania

Wave 3 of C looks to be underway. Likely target for bottom is $7.40 - probably by the end of March.

Anarchomania

Main count still suggests C unfolding to downside - probably taking out A wave extreme.

Anarchomania

Wave B looks to be complete. If so, wave C should take out the low of wave A.

Anarchomania

Alternate wave count (flat correction) from previous count (ending diagonal) - Since the most recent rally seems to have unfolded in only 3 waves, an alternate wave count now fits better. This one names the first top wave 5 of the larger degree of trend and the second top as wave B of a regular flat correction (either that or B is a truncated 5th in which case...

Anarchomania Updated 

The current trend seems to be forming an ending diagonal as wave 5 of 5 (V of one higher degree). If this is indeed the case, we should expect a correction, possibly quite deep. Targets to the downside would be 8.00, 6.50, 5.10, and possibly all the way to around 3.40. A subsequent bullish rally from any of these levels could indicate the completion of wave 2 of a...