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 13% | 32 XAUUSD 8% | 22 EURUSD 8% | 20 USOIL 8% | 20
AndyM AndyM PRO GBPUSD, 480, Short , 10 hours ago
GBPUSD: A few thoughts on GBP and others
81 0 7
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 , 15 days ago
XAUUSD: Wolfe wave in Gold
340 0 13
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 , 20 days ago
DB: Deutsche Bank could be another reason for EUR to collapse
125 0 7
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 , 20 days ago
USOIL: Crude downtrend to resume today or Monday
270 2 17
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 , 20 days ago
TLT: Sell-off in bonds may trigger DXY to go above 110
77 0 3
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, 20 days ago
GBPUSD: Flat correction completed in GBP
125 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 , 20 days ago
EURUSD: EUR downtrend
316 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 , 20 days ago
USDCAD: Wolfe wave pattern in USDCAD
96 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 , a month ago
UK100: The UK bull market has just ended
192 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.
214 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 , 2 months ago
DJI: Merry Christmas all
139 0 9
DJI, D Short
Merry Christmas all

Only the best trades for 2017!

AndyM AndyM PRO AC1!, D, Short , 2 months ago
AC1!: MSCI world index tracing the final top. It's 1929 all over again
82 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 , 2 months ago
FB: Facebook exiting ending wedge, targets 78-86
194 12 9
FB, D Short
Facebook exiting ending wedge, targets 78-86

Still long way to do

AndyM AndyM PRO SPX500, 60, 2 months ago
SPX500: SPX one last push is possible into 2220-2230
219 2 17
SPX500, 60
SPX one last push is possible into 2220-2230

Here's the labelling of the most recent advance, one last w5 looks not done yet. Although this is not required, one last push may occur before month end.

AndyM AndyM PRO TLT, W, Short , 3 months ago
TLT: Bonds are at critical point, moving lower may cause SPX sell-off
160 4 11
TLT, W Short
Bonds are at critical point, moving lower may cause SPX sell-off

I believe the downtrend in bonds is not over, bonds may still crash another 20% before entering a correction. This may trigger a very violent sell-off in equities.

AndyM AndyM PRO SPX500, W, Short , 3 months ago
SPX500: Is SPX forming an ending wedge?
319 2 14
SPX500, W Short
Is SPX forming an ending wedge?

On the weekly scale, this looks like an ending wedge. Wave 1 looks indeed very large compared to the rest, but so far we had 5 zigzags, and the advance is clearly a motive wave. So ED is possible. Suggestions of alternative labeling are welcome.

AndyM AndyM PRO USDJPY, D, Short , 3 months ago
USDJPY: Carry-trade unwind, short USDJPY
446 3 15
USDJPY, D Short
Carry-trade unwind, short USDJPY

The move from 100 to 114 was corrective and is likely fihished. New lows are likely, 93..100 is the target region. Note that at the same time EURUSD will move down into 1.00, and USDJPY will go down to 100. EURJPY target is therefore at circa 100.

AndyM AndyM PRO GBPUSD, M, 3 months ago
GBPUSD: long-term view on GBPUSD: uptrend is in the book for next year
232 2 13
GBPUSD, M
long-term view on GBPUSD: uptrend is in the book for next year

Here's a long-term view for GBP, and it's very exciting. WE are approaching the 0.886 retrace of the purple (A) wave - we have just one subdivision left in the downtrend. After that we may have a wild ride in GBP. The Pound is not the only one - the uptrend should happen in EUR, NZD, AUD and all other currencies. A lot of weakness of the dollar for the next year.

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