Elliott-Waves-2_0

Elliott-Waves-2_0

The current downward move should be close to completion, but it still lacks a low in the area between 0.965 and 0.971. Following this, there should be a small rally to the area around 1.08 (this can only be determined more precisely after the completion of the pending low), to reach its final low around 0.80 from here.

Elliott-Waves-2_0

I think we will see another new high within the ongoing correction in the form of the orange z at the beginning of next week. Subsequently, the price should fall to the 1.00. Only afterwards, the rally could continue and WTI form a multi-year high in the area of $ 137

Elliott-Waves-2_0

The Dax may have completed the blue x with today's low at 13469. At the ideal target of the green (c) and the yellow circled Y, the downward movement could be stopped for now. Whether this is sustainable and the Dax starts another attack on the all-time high from here, the next few days will show. However, my preferred scenario is a final high. The minimum target...

Elliott-Waves-2_0

In the DXY, it currently looks like we are in the last legs of the downward movement. Here, an implied EDT could be developing as a white v of the red (c). Thus, a downward wave would still be missing. The ideal target, the 1.00 extension, of the pink Y would be fairly close to the trendline drawn below. However, for me, a close below the last low would be enough...

Elliott-Waves-2_0

Just as in the Dax, another high could be in store for the Dow. However, I think this scenario is more likely in the Dow. In this case, the Dow would also have only one more x built-in on Friday. I have rebuilt my count a little compared to the last post, by placing the red x of the orange (z) now on the low at 29430. In the now running yellow circled z we would...

Elliott-Waves-2_0

In the Nasdaq, too, a further high currently seems more likely than the direct way down. But also here I would like to emphasize again that this is not a necessary and the last posted count until the break of the high is still valid. In the yellow y, we have already left the 1.00 extension behind us. However, I have noticed that unlike in many other markets, the...

Elliott-Waves-2_0

As described in my last analysis, the Dax has reached with the last high at 14137 only the minimum target, in the form of the 0.618 extension, of the yellow circled z. In all other waves, the mandatory targets have already been reached. However, there is still potential to the upside. So far, only the 0.618 extension has been reached in the pink (z). The next...

Elliott-Waves-2_0

Due to the fall of the May contract into negative territory, oil can hardly be counted superordinate, as this is not provided in the EWT. Therefore, I have here only the last movement counters. Here it is not yet quite clear whether the final yellow (z) only the red w (here Alt. w) was completed or whether it was already completed. The 0.618 minimum target was...

Elliott-Waves-2_0

I also expect the dollar to make a comeback in this pair. Looking at the monthly chart, I am currently still missing a low, so I see the rise since the low in March only as the green X. I expect another low which should find its end in the area of the low in 2009. It is currently not quite clear whether another high is missing before the market goes into reverse gear.

Elliott-Waves-2_0

Taking a closer look at the yellow precious metal, we have to state that, as in many forex pairs, an impulsive count is not possible and the market only forms 3-3-3 patterns.Looking at the current upward movement since 2015 and especially the run after the low in March is clearly a three-wave pattern. The question here is whether we have already reached the high,...

Elliott-Waves-2_0

In this pair, it is currently not quite clear to me whether the white circled X was actually already completed or whether here after the completion of the blue C still follows a downward wave. Which should ideally break the low in 2016 at 98.7 once again. With a view to the other dollar pairs, however, I have decided for this count.

Elliott-Waves-2_0

The Nasdaq may now have finally ended its upward momentum that began in 1985. The mandatory target of the superior wave 2, which should have been started now, is the 38.2 retracement of the entire movement and is currently at 8125. The downward movement since the high can be counted as a five-wave and thus represents a first important indication for the correction...

Elliott-Waves-2_0

I have checked all my forex analyses again extensively in the last few days and have to discard my last EURUSD count, also with a view to the other dollar pairs. Basically, there is still some upside potential here. But the movement can also be counted finished. So that now the blue C could have been started.

Elliott-Waves-2_0

I have checked all my forex analyses again extensively in the last few days and have to discard my last EURUSD count, also with a view to the other dollar pairs. Basically, there is still some upside potential here. But the movement can also be counted finished. So that now the blue C could have been started.

Elliott-Waves-2_0

In the big picture, the last wave of the downward movement that started in 2011 should now be in place. Contrary to the count of the many, the movement since the low in March can in no way be counted impulsively. We have now probably completed the yellow X as a complex corrective pattern. The pair should now run again to the area of the 2008 low to complete the movement.

Elliott-Waves-2_0

The upward movement might have been completed with the last high. However, only the 0.618 of the red ( y ) was reached here so far. I would primarily assume here that a high in the region of 3867 is still missing before the market turns.

Elliott-Waves-2_0

In Sterling, two options are currently conceivable. Either the downward movement was completed with the low in March and the market is currently in the white (X) of the circled red X (marked as Alt.). Or the market has formed an overshooting X at the low in March and the current movement already completes the red circled X. Looking at the other dollar pairs, I...

Elliott-Waves-2_0

Admittedly, this pair is basically not too nice to count. I still did my best and this is the most likely count for me at the moment. What must of course always be taken into account with the corrective count is that the market can always still attach another corrective pattern. So the movement can be counted finished, but if it's really finished, only the future...