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About me http://elliottwavesurfer.com/ provides technical analysis base on the Elliott Wave Principle. The main goal is to provide traders and investors, with the best possible foundation for decision making and raising their profitability.
Joined Danmark EWS_Surfer
Markets Allocation
64 % commodities 32 % forex 5 % other
Top Mentioned Symbols
FC1! 22% | 5 ZC1! 13% | 3 SI1! 9% | 2 GBPJPY 9% | 2
EWS EWS PRO QFC1!, W, Long ,
QFC1!: Feeder Cattle - In a running or expanded flat wave 4
20 0 7
QFC1!, W Long
Feeder Cattle - In a running or expanded flat wave 4

It has been a while since I last updated my count on Feeder Cattle. In my update from August 8 - 2016 I called for wave (A) to be in place at 134.25. The price-action that followed, doesn't really support wave (A) having completed and therefor, the preferred count has been changed, to this count, which shows that only wave 3 completed at 134.24 and the ongoing ...

EWS EWS PRO KC1!, D, Long ,
KC1!: Coffee - Next upside targets seen at 162.95 and 178.95
88 0 5
KC1!, D Long
Coffee - Next upside targets seen at 162.95 and 178.95

The strong rally of support at 134.90 is very encouraging for the impulsive count from 111.05. The next upside targets to look for is seen at 162.95 and 178.95, but the long term target remains at 233.80 as a huge flat wave is unfolding. Only from 233.80 is the next strong decline in wave expected to take over for a long term decline to below 100.95.

EWS EWS PRO HG1!, D, Long ,
HG1!: Copper - A strong impulsive rally towards 2.64 is expected
61 0 3
HG1!, D Long
Copper - A strong impulsive rally towards 2.64 is expected

My preferred count shows that copper saw an important low in mid-January at 1.9355 and a strong rally higher towards 2.6410 now should be expected. From the 1.9355 low a nice five wave rally was seen to 2.3235 as wave (i) and wave (ii) was clearly a three wave zig-zag correction that completed at 2.0130. Wave (iii) started to move higher from 2.0130 in a pretty ...

EWS EWS PRO ZC1!, 240, Long ,
ZC1!: Corn - Bottom seen at 312.00
57 2 2
ZC1!, 240 Long
Corn - Bottom seen at 312.00

On August 4 - 2016 I said, that we either had seen a bottom at 319.40 or needed one more decline closer to 310.00. With a low seen at 312.00 followed by a rally above minor resistance at 328.60 the low is in place for a long term rally to 440.40 and above here confirms the rally to 519.00.

EWS EWS PRO FC1!, W, Long ,
FC1!: Feeder Cattle - Strong close last week calls for minimum 169.58
29 0 1
FC1!, W Long
Feeder Cattle - Strong close last week calls for minimum 169.58

Last weeks strong close at 149.65 confirms that wave A from 244.80 to 134.13 is complete and a zig-zag correction to at least 176.28 and possibly 189.35 will be seen over the coming months in wave B. Wave v of A turned into an ending diagonal and once this formation is complete a return to the origin of the ending diagonal should be seen in half or less of the ...

EWS EWS PRO ZC1!, W, Long ,
ZC1!: Corn - Bottom in place or expected very soon
85 0 1
ZC1!, W Long
Corn - Bottom in place or expected very soon

Corn is tracing out a major complex correction in wave B. This correction began way back in late September 2014 and has unfolded as a zig-zag from the 2014 low at 318 to 443 as wave W and has been followed a zig-zag decline in wave X from 443 to a low currently seen at 319. The X-wave could be complete and if this is the case, then a break above short term ...

EWS EWS PRO ZC1!, 240, Long ,
ZC1!: Corn - Bottoming for a rally towards at least 440
47 0 1
ZC1!, 240 Long
Corn - Bottoming for a rally towards at least 440

Corn has either bottomed at 319.4 or needs one more decline closer to 310.00 before a long term bottom is seen for a rally towards at least 440.00 and possibly even higher towards 519.00. The first strong indication of the bottom being in place will be a break above the resistance-line seen near 329.00 while a break above 335.00 confirms the bottom for the rally ...

EWS EWS PRO FC1!, W, Long ,
FC1!: Wave A completed at 134.25
32 0 1
FC1!, W Long
Wave A completed at 134.25

A picture perfect five wave decline has been unfolding from October 2014 high at 244.80 to June 20 - 2016 low at 134.25. This has completed wave A of zig-zag correction and wave B will now take over for a rally towards at least 174.35 and likely even closer to the 50% corrective target of wave A at 187.80. So after have been short almost 2 years it's time to ...

EWS EWS PRO SI1!, W, Long ,
SI1!: Silver breaks the Inverse S/H/S bottom neckline at 18.00
105 1 2
SI1!, W Long
Silver breaks the Inverse S/H/S bottom neckline at 18.00

Silver is trying to break above the Inverse S/H/S bottoms neckline near 18.00 and more importantly above resistance at 18.51. If the later is broken too, then a rally towards the measured S/H/S target at 22.94 should be expected as a minimum, but this rally could easily extend higher towards 25.10. The Inverse S/H/S neckline at 18.00 will now shift from ...

EWS EWS PRO FC1!, W,
FC1!: Feeder Cattle - The ideally bottom for wave A seen at 130.78
66 0 4
FC1!, W
Feeder Cattle - The ideally bottom for wave A seen at 130.78

In October 2014 I called the top almost to the cent (see the link below). The decline from 244.80 is finally coming to an end near 130.78. Short term I'm looking for the final decline in red wave v of an ending diagonal and once the bottom is in place, a quick return to the origin of the ending diagonal at 169.58 should be seen, within half the time it took to ...

EWS EWS PRO GBPJPY, 240, Long ,
GBPJPY: Bottom should be seen between 156.02 - 156.21
137 6 2
GBPJPY, 240 Long
Bottom should be seen between 156.02 - 156.21

GBP/JPY - Bottom to be found between 156.02 - 156.21 The decline from the 163.89 high has been relentless, but it's only part of an expanded flat correction and once the low is found a new strong rally higher should be seen. The low should be found in the 156.02 - 156.21 area. At 156.21 we have the magic 70.7% corrective target of wave (I know that the 70.7% ...

EWS EWS PRO GBPJPY, 240, Long ,
GBPJPY: GBP/JPY - New impulsive rally to begin soon
163 3 2
GBPJPY, 240 Long
GBP/JPY - New impulsive rally to begin soon

My preferred count shows that an important corrective low was seen with the test of 151.63 on April 7 and a new long term impulsive rally is developing. We are of cause, in the infancy of this new impulsive rally, but from the 151.63 low an impulsive rally was seen to a high of 162.82 as wave i and was followed by a deep correction in wave ii to 153.62 from where ...

EWS EWS PRO SI1!, D, Long ,
SI1!: Silver - Inverse S/H/S has been completed
68 0 2
SI1!, D Long
Silver - Inverse S/H/S has been completed

A nice little Inverse S/H/S bottom has been completed, with the break above 14.36. The calculated target for this formation only call for a rally to 15.30, but we have to remember that this calculated targets only are the minimum expectation. From an Elliott Wave perspective a firm bottom could be in place for a rally back to 18.50 and possibly even above for a ...

EWS EWS PRO XAUUSD, 240, Long ,
XAUUSD: Gold - Bottom in place at 1,046.
40 0 1
XAUUSD, 240 Long
Gold - Bottom in place at 1,046.

We now have a nice little Inverse S/H/S pattern in place and yesterday we saw a Cup with handle being triggered for a rally to the calculated target of 1,150. From an Elliott Wave point of view, an large ending diagonal most likely terminated with the test of 1,046 and if this count proves correct, then the target becomes the origin of the ending diagonal, which ...

EWS EWS PRO GBPJPY, 30, Long ,
GBPJPY: GBP/JPY - Expanded flat correction unfolding
86 0 1
GBPJPY, 30 Long
GBP/JPY - Expanded flat correction unfolding

Short term a minor expanded flat correction is unfolding. Wave and already is in place and now wave higher to 172.98 should be expected. The most common relationship between wave a and wave b within an expanded flat correction is that wave b is 138.2% longer than wave a and that is precisely what we have seen. Looking at the wave relatioship between wave a ...

EWS EWS PRO GBPUSD, D, Short ,
GBPUSD: GBP/USD - Downside acceleration expected
168 1 4
GBPUSD, D Short
GBP/USD - Downside acceleration expected

The decline from 1.5930 could resemble a large ending diagonal, but the first part from 1.5930 to 1.5107 is more likely a leading diagonal and that could explain the downside acceleration we are starting to see. I'm look for a decline to 1.4166 as the next larger downside target.

EWS EWS PRO FC1!, W, Short ,
FC1!: Adding another pitchfork, to find the bottom
78 4 3
FC1!, W Short
Adding another pitchfork, to find the bottom

Almost a year ago (see the link), I made a post saying that a long termtop was in place and a decline cutting prices in half should be expected. This decline is now well underway. From an Elliott Wave perspective we are in red wave iii of wave iii lower. Red wave iii has hit support at 177.40 where it will be 200% the length of red wave i. I would not be surprised ...

EWS EWS PRO AUDUSD, 240, Short ,
AUDUSD: AUD/USD - Wave (iv) correction over
132 0 4
AUDUSD, 240 Short
AUD/USD - Wave (iv) correction over

Since the 0.9504 high a nice impulsive decline has been unfolding. Wave (i) became a leading diagonal, that was followed by a flat wave (ii). Wave (iii) became a very strong and extended wave, which became 261.8% the length of wave (i). Wave (iv) has become a complex triangle combination, with an expanding triangle followed by a symmetric triangle, this ...

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