ElliotWaveTrades

ElliotWaveTrades

Spain, a beautiful country with beautiful houses and people but not it's equities. EWP, a Spain index ETF has been tracing out a long term triangle since 2009. The triangle has appeared to have reached or very near to its apex. This is where the country's equities will start falling apart and its consistent with my other analysis of EUFN (Refer to related...

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NUS underwent a brutal selloff from its 2014 high of $140+ all the way down to $23+ which bottom in 2016. Prices have since recovered to about half of its all time high. From a technical perspective, this recovery does not appear to be complete. A price target between $80-90 appears to reasonable at this point in time. Once Minor Wave C is completed, I am...

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TLT has appears to have completed a long term Ending Diagonal spanning almost 10 years. The first signs of breakdown appeared in 07/2017 when the 20 year bonds sold off to a near 2 year low at $116.49. The recovery since then was tepid and choppy. Prices have appeared to completed a W-X-Y consolidation at lower time frames and appear ready to continue its larger...

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PAHC has been consolidating some of its gains since its near term low formed in Apr 2017. Prices appears to be forming a 3 wave A-B-C correction which might have already been completed or sub-divide a bit down further before resuming its uptrend. Average turnover has been decreasing steadily since Minuette Wave (iv) started. Prices have found support around the...

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* (Almost Identical To My Other Analysis Of ABX) AGI has been in a sideways consolidation mode since Jul 2016. Prices have formed converging trendlines . There are 3 short term possibilities ahead: (1) Minuette (e) is completed and prices will rally and breakout of the long term triangle. (As shown on chart) (2) Minuette (c) is still forming and will a new...

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US10Y has been retracing nicely in a textbook A-B-C formation. The retracement is in the late stages with Micro Wave C in the form of an Ending Diagonal. Micro Wave C is likely to sub-divide further below 2.314% before completing the entire retracement from its near term high at 2.479%. Upon completion of the entire retracement, we can expect yields to shoot past...

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ESPR rallied 85% from its last consolidation to its near term high at $57.38. Prices have since been in consolidation mode in the form of a expanded FLAT. The consolidation appears to be completed. A successful break to the upside could bring prices to a range between $82.24 (Fib Exp 1.5x) to $85.36 (Fib Exp 1.618x) Break of Critical Support could imply any of...

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ABX has been in a sideways consolidation mode since Jul 2016. Prices have formed converging trendlines. There are 3 short term possibilities ahead: (1) Minuette (e) is completed and prices will rally and breakout of the long term triangle. (As shown on chart) (2) Minuette (c) is still forming and will a new short term low below $15.25 and above minuette (a) at...

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A huge "potential" Head And Shoulders is forming since 2010. Prices are not very far from completing its Right Shoulder and the entire H&S formation. Measuring from the Head to Neckline, it has a price target of approx $12.79 downwards from the neckline. The 2 possibilities will negate this H&S formation: (1) A non-break of the neckline and leading to upside...

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Huge biotech stocks are collectively getting hit in recent days. BIIB has announced results on 24/10/17, beating top and bottom line expectations but stock still gap down and closed 3.9% down. Prices fail to break above the top of the trendline measuring from Minute Wave ((a)) and reverse from the 100% fibonacci projection similarly from Minute Wave ((a)). This...

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With the backdrop of economic expansion, loose monetary policies and positive sentiment among investors, huge amounts of money flowed into corporate bonds. To be exact, high yield "Junk" corporate bonds. The EXIT door might be too small for these investors if there is a mad rush for the exits. Prices have completed a textbook a-b-c retracement since its low in...

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Whirlpool, a household brand worldwide and throughout US. But facing cost and foreign competitive pressures, it has a negative impact on WHR's profitability in the years ahead. Is WHR approaching an end of a long term uptrend in 2018? Or its the consolidation since 2015 not completed? From a technical picture, WHR is in the final leg of its uptrend in the form...

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IONS: Underwent a brutal sell off from its highs in Mar 2015 at $77.80 to a low of $19.59 in May 2016. A stock which underwent sell off of 75% warrants a look by bargain hunters. IONS partnership with BIIB just obtained EU approval for a $125K/treatment for spinal disease. This will inevidentably be just the antidote that IONS needs to return to its new highs and...

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AMN has consolidated since Sep 2015 as the high flying techs and high beta stocks were running out of the gates. The market risk has evaluated since then and defensive sectors like healthcare should be slowly inching its way back into vogue. Look for an entry at current levels with SL at recent key support @ $34.71. A break below key support implies that the...

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ACAD starting forming a Triangle from its all-time high $51.99 way back in Jul 2015. Prices have been consolidating for almost 2 full years which is almost identical to that of CELG. CELG and biotech sector has been rallying lately as a whole. ACAD could be the next in line. A successful confirmation of its triangle will imply an upside target of its all time high...

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ALK has broken out of its Minuette Wave (iv) in good momentum after finding supporting at its 50% fib retracement. Look for a minute upside target of $101.43 with SL at low of Minuette Wave (iv) at $82.03. Break of this low will invalidate this analysis.

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CELG has been retracing from its recent highs at $127. The correction should be near completion. If not, it would not be too far off. Target $150 or more with a strong break above its recent highs of $127 with a SL at its correction lows.

ElliotWaveTrades Updated 

ESPR appears to have completed a textbook ABC correction. Look out for a upside target of recent highs of $48.21 and more. SL: Recent lows at $30.95