The rally from July 22 is corrective in nature taking a form of a zigzag. The rally as retraced .618 fib of the impulsive decline. The rally is in its final stages and the decline will resume taking the market is lows beyond the jult 22 low. The market still remains the final arbiter.
Fra 40 is currently is wave 5 of minor degree. Look for the ALT count.
Some further rally to complete wave 2 or B of intermediate degree. The risk will be to the downside.
The rally from 20th december to 28th december is complete complete and the decline should continue. The Risk is to the down side. Price should not rally above is at the top of wave (B) Intermediate for this count to remain valid.
The market has just completed a five wave decline (Impulse). A correction is expected targeting the .5 to .618 fib level.
The market is two in a down trend. The ridk id to the down side.
The decline from 14 Nov has been impulsive followed by a correction .The risk is to the downside.
The target is a price range of $145.80 to $156.07. The risk is to the upside. Check out my previous analysis posted on the 24th august 2022.
The market rally from 03 April 2017 to date is showing corrective properties taking a form of an ABC. The side ways move from 02 April 2018 to date has lasted 53 monthly bars taking the form of a contracting triangle. The market has tested the $2279.6 to $2186.9 price range three times Nov,2020, Jul 2021 and Sep 2022 giving clear indication of a strong support...
A triangle in minor wave four is in its final stages which will be completed when minute wave E finds resistance at 0.236 fib level. Alternatively if markets moves below the AUD 1.72148 price, it will indicate that triangle wave four of minor degree finished at the peak of wave C (Minute) and the fifth wave (minor degree) has already started.
From the 31 may 2021 low, the market rallied in an overlapping way, indications of corrective wave. The move from 09 may 2022 to date has been side-ways forming a bullish barrier triangle. The risk is to the up side.
A bullish triangle is in its final stages. The risk is to the upside.
Wave 2 retraced to .5 of wave one and has set the trend to the upside. In my previous analysis linked below. forecasted wave 2 to retraced to .618 of wave 1. However the move up 01 august suggest wave 2 ended at 133.393. The Risk is to the upside.
The decline from 08th march to date has been corrective in nature. If the was done at $85.709 bottom then growth is expected to target range of $146.198 and $156.490 per barrel which is forecasted by the reverse Fibonacci of the completed correction. The analysis is valid as long as prices stay above the $85.709 price level
From the high recorded 22th Novermber,2021 Nas 100 declined in a 5-3-5 pattern taking a form of a zig zag to 16th June 2022, The rally from 16th june has been corrective in nature ,unfolding in a zig zag and retraced to the 0.5 fib level of the decline thus giving early indication that the entire decline from record high is a taking the form of a complex...
A wedge formation in wave five is indicating trend reversal. The middle line of the trend will act as strong resistance if a throw over occurs. Reverse Fib of wave 5 gives us price targets range of 110.0846 to 110.7471. The risk is to the down side.
The long term risk is to the downside after completion of wave E.
The risk is to the downside targeting price range of 2.8836 to 2.7299. the analysis will be invalidated when prices rally above 3.7835.