GENERAL ELECTRIC COMPANY, SPDR S&P 500, ISHARES MSCI EMERGING INDEX FUND, RENNOVA HEALTH, INC., BANK OF AMERICA CORP, APPLE INC
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
US 10Y, Euro Bund, Germany 10Y, Japan 10Y, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Based on EW count, i was expected a big down for EU, but was invalidate the count after Yellen's Speech, so this is my view now for a medium view on EU. Just Breaking the channel could think in a big down move. Meantime...short to complete (B) wave (magenta) based on abc correction (blue) waves. So the Target could be found in 61.8% Fib level from March low and ...
That correction is posible because a complex correction formed by an abc (flat - W wave), abc (Zig Zag - X Wave) and a contracting triangle (by 5 waves) to complete Y wave and finishing 4th red Wave. So i recommend to wait on next levels on triangle to enter Long or Short depending Risk you want to take. Good Luck everyone.
Playing with cycles lines and fibos channels, i found HH and LL levels in exactly each cycle (black and red lines)...the next red line (LL levels) is for 09-01-2014...so as i see price could reverse at 1.3550 or as second option go for 1.3480 (low line of blue Up channel) and go UP. Must see with the news today and friday. Happy trading for all.
I made a chart with fibos leves of every important wave on 1D and find this... 1. Price must find a strong resistance at 88.6% (1.37625) and could go down to a Strong Fibos confuence at 1.27329/1.2840. 2. Price could go UP to 100% (161.8% previous level) at 1.3840 and then down. 3. Price could go UP to 127% - 261.8% previous levels in the zone 1.3975/1.4013. Only ...
Apply EW theory the "b" wave are still active...I thought that it was finish with last correction, but confluence lines on 1.3495/1.3500 add to Fib leves (76.4% from 1.3708 to 1.2747 and 161.8% from last Down move make me think price will go UP and then DOWN. The target of "c" wave is 161.8% of b wave (1.2347) Let's see :)