Dalietos

Dalietos

The above chart shows the positive correlation between AUDJPY and SPX500 for the date period since 02/01/19. Since last night the AUDJPY has started the next move lower with great momentum suggesting that the highs should be in place at 79.80's. Taking into consideration the positive correlation and assuming the correlation will not break, SPX500 should start...

Dalietos

The DAX index seems it is retesting the broken lower trend line of rising channel since '11.. Additionally 3 waves from the top, with the 3rd extended almost to the 1.618% fib extension, the odds are for additional continuation lower at least to complete wave 5 towards the 10k after rejection from current levels max 11,400

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Current projection valid while above (X) lows..

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Based on multiple Technical Analysis methodologies, I expect soon a push towards 1.19's if not higher.. Invalidation sub 1.11's

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If the demand area fails at current level then odds we are rolling 4 a Bullish Bat with another extension down to 92's

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Note the Lows vs Highs Divergence while Instruments Inverse Correlated - Point of Reference mid 2016 when the #BTFD first introduced..

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Approaching the lower TL of the Downtrend Channel.. From there we should see at least a bounce at this stage..

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Looking 4 a Bearish Bat while below 1.1450's..

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The Dollar index has been weak so far yet expecting from here to continue higher inverse with $EURUSD and $XAUUSD.. The Recent lows have to hold to confirm that bullish flag..

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Projection shows 2 possible Bullish Harmonics for USOIL, a Bullish Bat and a Bullish Gartley.. Yet too soon to call the case but I will be watching for now a stop around 48.10's for leg B from there a bounce to create a C leg for the scenario to play out.. I will update soon..

Dalietos

The above chart has been created via combining Elliott Waves & Harmonics.. Odds looking good for an extension towards the 120's before cycle since July 2016 ends..

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Might be looking at a Bearish Bat forming at this stage.. Just speculation..

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Good odds for a pull back if not new lows from around 1.30's.. So far supported by the the Elliott Wave count and possible Harmonic formation..

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$EURUSD Retested and got rejected below the multi year supporting Trend line.. From here Bias is looking down..

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What I will be looking for today 05/05/16 post the US #NFP Event.. 5 Wave sequence from the 1.0550's should see at least a 0.50% pull back to fill the Gap before deciding direction..

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Looking for a double wxy completion around the 1.38's - 1.39's

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The $DXY $USDX Index structure still pointing higher, ideally towards the 112's area as indicated by the descending channel's or flag's upper boundary as well as by the time cycles 1 & 2 cloned offset to cycles 3 & 4 - Fractals.. Yet while that might be the case worth to point the index has started to overshoot the 4th cycle which indicating a distortion of the...

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Elliott Wave Count and Demand Zones.. Still missing either a leg higher or consolidation sideways before deeper correction..