AndyM

PRO
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About me Independent full-time trader relying exclusively on Elliott Waves principles.
Last visit Joined 2 years ago
“No warning can save people determined to grow suddenly rich” – Lord Overstone
Markets Allocation
39 % forex 10 % stocks 8 % indices 43 % other
Top Mentioned Symbols
SPX 12% | 32 XAUUSD 9% | 23 EURUSD 7% | 20 USOIL 7% | 20
AndyM AndyM PRO TLT, 240, Short , 7 hours ago
TLT: Wave 4 in treasuries is finished, TLT likely goes down to 95.
22 0 5
TLT, 240 Short
Wave 4 in treasuries is finished, TLT likely goes down to 95.

Nobody expects that. 95 is 0.786 retrace of the multi-year ending wedge. We need to travel at least that low before bulls can take over.

AndyM AndyM PRO GBPUSD, 240, Short , a day ago
GBPUSD: GBP triangle is complete
166 1 12
GBPUSD, 240 Short
GBP triangle is complete

The triangle now looks complete, the first target is 1.1735, but possibly can go lower than that. 1.1735 is a very important level, goes back to the good old times of Soros and Co.

AndyM AndyM PRO GBPUSD, 480, 15 days ago
GBPUSD: GBP wave E swing high is still possible
264 0 9
GBPUSD, 480
GBP wave E swing high is still possible

Pay attention to this bounce in GBP: it can be very powerful and swift, usually very scary for bears; yet, the downtrend is still intact, the triangle thrust is still expected, and the downtrend should bring us to ~1.14 this spring.

AndyM AndyM PRO XAUUSD, D, Short , a month ago
XAUUSD: Wolfe waves in Gold
446 2 15
XAUUSD, D Short
Wolfe waves in Gold

Similar to silver, the decline is incomplete, the advance from 1120 to 1255 looks corrective, so we need to retrace it and push gold back to to approx 1070-1080.

AndyM AndyM PRO XAGUSD, D, Short , a month ago
XAGUSD: Silver still in downtrend
273 0 10
XAGUSD, D Short
Silver still in downtrend

The decline in silver and gold is incomplete, need one extra leg down. In silver are are likely to tag 14.50 in a couple of months. Gold should go as low as 1080. A new low is also possible but unlikely.

AndyM AndyM PRO GBPUSD, 480, Short , a month ago
GBPUSD: A few thoughts on GBP and others
168 0 11
GBPUSD, 480 Short
A few thoughts on GBP and others

All markets are in the "wait" state, the volatility in SPX has decreased to 100-year lows. Yet, the currencies show they are cooking a big move, the structure in SPX and NQ is also nearly complete.

AndyM AndyM PRO XAUUSD, D, Short , 2 months ago
XAUUSD: Wolfe wave in Gold
374 0 14
XAUUSD, D Short
Wolfe wave in Gold

Tagged the open range, now downtrend resumes. A new low is likely (<1045).

AndyM AndyM PRO DB, 3D, Short , 2 months ago
DB: Deutsche Bank could be another reason for EUR to collapse
160 1 8
DB, 3D Short
Deutsche Bank could be another reason for EUR to collapse

EUR is targeting 0.91 in the downtrend - a crash in DB could be just another reason for EUR to go that low.

AndyM AndyM PRO USOIL, 240, Short , 2 months ago
USOIL: Crude downtrend to resume today or Monday
301 2 18
USOIL, 240 Short
Crude downtrend to resume today or Monday

A flat correction with an ending wedge in C is complete or nearly complete. Wave 3 should start shortly. I expect this to be very fast and unfold together with the downtrend in EUR. (1-2 months).

AndyM AndyM PRO TLT, W, Short , 2 months ago
TLT: Sell-off in bonds may trigger DXY to go above 110
100 0 4
TLT, W Short
Sell-off in bonds may trigger DXY to go above 110

The dowtrend in bonds is incomplete and in my view it is just starting. In order to retrace the ending wedge TLT needs to fall below 100 quite fast. The decline has resumed yesterday and should unfold within the next few months. Bonds is a multi-trillion dollar market - if a sell-off happens the only asset that can accommodate that amount of released cash ...

AndyM AndyM PRO GBPUSD, 480, 2 months ago
GBPUSD: Flat correction completed in GBP
133 1 8
GBPUSD, 480
Flat correction completed in GBP

The downtrend resumes, targeting below 1.17. Note that this is the last wave down for GBP: it should be traced out quite fast - possibly till mid-March, which should happen at the same time as for other currencies.

AndyM AndyM PRO EURUSD, 480, Short , 2 months ago
EURUSD: EUR downtrend
345 8 15
EURUSD, 480 Short
EUR downtrend

The targets for w3 are insane, but this is what the wave structure dictates. W5 should complete in the vicinity of 0.91.

AndyM AndyM PRO USDCAD, 480, Long , 2 months ago
USDCAD: Wolfe wave pattern in USDCAD
105 0 11
USDCAD, 480 Long
Wolfe wave pattern in USDCAD

Wave E is completed, confirmed by the reversal in other currencies. We still need to overshoot the prior high (1.45) so let's keep this as a target. Crude is almost done too, but one minor upswing is still possible, which means that USDCAD can still make a minor new low, but the chances of this are slim.

AndyM AndyM PRO UK100, M, Short , 2 months ago
UK100: The UK bull market has just ended
217 0 11
UK100, M Short
The UK bull market has just ended

The Ending wedge which took almost 14 years to trace is likely over. Breaking below 7200 will reinforce this hypothesis. We should see the first impulse to the downside develop over the next few months. Breaking below 5494 should be the first waypoint. Please note the sheer immensity of what's ahead - not only the ending wedge has ended, but a giant multi-decade ...

AndyM AndyM PRO NAS100, D, 2 months ago
NAS100: Topping process is almost finished in NQ. One last push into 5k.
218 1 8
NAS100, D
Topping process is almost finished in NQ. One last push into 5k.

The ending wedge that started early 2016 is nearly complete, wave 5 is an ABC, and there's an ending wedge within its C wave. We are need to make one last top in order to complete the whole structure. Next week we are likely done.

AndyM AndyM PRO DJI, D, Short , 3 months ago
DJI: Merry Christmas all
144 0 9
DJI, D Short
Merry Christmas all

Only the best trades for 2017!

AndyM AndyM PRO AC1!, D, Short , 3 months ago
AC1!: MSCI world index tracing the final top. It's 1929 all over again
84 2 9
AC1!, D Short
MSCI world index tracing the final top. It's 1929 all over again

Despite the immense rally in all indices, the end has never been closer than today. This is a really important top, and good shorting opportunities are ahead. Be prepared.

AndyM AndyM PRO FB, D, Short , 3 months ago
FB: Facebook exiting ending wedge, targets 78-86
196 12 9
FB, D Short
Facebook exiting ending wedge, targets 78-86

Still long way to do

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