IT40 - Italy index is under-performer index among all major markets. It's in C wave down after flat B complex time taking wave. 2nd wave of C down is in progress and may end anytime soon to go down in 3rd sharper down cycle.
SGX NIFTY futures is making ABC wave correction pattern. B is flat and C wave is already started moving down in 3rd wave. It should be faster down once B wave consolidation broken down.
NIKKEI futures current contract is making ABC flat corrective pattern. B is about to over and C wave will start soon.
WPP PLC (WPP - LSE) is in 5th wave of C down in Daily time frame. 4th wave was complex, which was already over and 5th down started with high volume. Wave 1 was taken support on trend line & horizontal support line. Once it broken, the price will down faster, which is confirmation of this trade. It is also under-performer to the FTSE 100 index.
Intercontinental Hotels Group (IHG - LSE) is in WXY complex correction pattern from last bottom upside. Wave W is over having internal B wave as triangle, which resulted in quick reversal after it ended. X wave will made of ABC. B will end soon and starts C down for X wave.
Compass Group PLC (CPG - LSE)) is in ABC elongated wave pattern. C wave is in progress. 2nd wave is about to end and after that it should running down faster in 3rd wave. It is also under-performer to FTSE 100 index.
Gallagher (AJG - US) is in WXY pattern in down cycle. Y wave down is in progress in ABC pattern. Now wave C will be start anytime soon.
Exelixis Inc (#EXEL - US) is in uptrend and out-performing to SPX in last uptrend. Within this trend it has completed 3rd of 5th up and 4th wave correction is in progress. Watch closely and buy if comes at reasonable price.
Yesterday i posted this trade as it has very small stops verses good target area & worked out as expected. This is updated idea as now stops should be below 10320 level (almost entry level of this trade yesterday) and stay in the trade till the triangle breakout target zone. DAX Future (FDAX) looks buy in 60 min as it formed triangle as well as 4th wave of...
Nifty (IND50FUT) looks in WXY pattern from major daily high. It starts under-performing this week and within triangle. It may possible it breaks upside and fade it immediately to go down for major Y down. Let’s wait for further confirmation by market itself. It's currently under-performer.
Crown Holdings (CCK-US) looks like completed B wave corrective followed by A-5 wave decline. Sell below break down level 59.25 for C down with stops above 60.55.
Corning Inc (#GLW- US) seems within 4th wave triangle. Sell when it seems triangle broken down for 5th wave down cycle. Watch closely after earning on 28th, so no trade till earning. (give respect to data like earning).
Mitsubishi UFJ Financial group (#8306) - Tokyo is weaker stock in daily time frame. In last down move it seems 5th wave down after 4th wave triangle, which shown under-performance of the stock compared to Nikkei index. Sell with stops above 418 for target below 375.