ElliottWaveBelgium

ElliottWaveBelgium Updated 

Expecting a fifth wave lower to finish blue minor 3 or alternatively intermediate wave (5) completing this impulsive wave down.

ElliottWaveBelgium

One more push for this ending diagonal expected. We have a pretty neat opportunity with Fib cluster that could act as support and a very tight invalidation level. It's a good idea to scale into longs in the noted zone or wait for a break above 2450 for a more conservative entry.

ElliottWaveBelgium

GBPUSD - The size of this gap up surprised me to be honnest but the count played out perfectly nonetheless and stopped exactly at the ideal Fib termination levels for a wave 5, the 100% level of 5v1 and 61.8% level of 5v1+3. We should now see at least a 3 wave correction that should take us down to around blue wave 4. Depending on how price will behave while...

ElliottWaveBelgium

We have 3 possibilities at present time, either we see price drop sharply in impulsive fashion , which would make this a Flat correction Or, it makes only a 3 waves correction , which would increase the chances of a Triangle playing out (favorite count) or, of course, this could just continue rallying higher which would indicate that wave 4 is in...

ElliottWaveBelgium

We're in a complex WXY correction here, currently in wave ((b)) of higher degree wave Y which might have finished thanks to Trump's tweet a bit earlier that a trade deal is close. In this case, we should see price go down in impulsive fashion. First important area of support is marked by the Fib cluster around 1410-1420. A drop below 1460 and below the lower...

ElliottWaveBelgium Updated 

Reached the ideal termination point for wave (c) ! A drop below 6878 would be a first sign the top might might be in. Previous post :

ElliottWaveBelgium

As stated in my previous post, a drop below 7300 would give us enough reason to believe that current correction is not yet over . Since we did not get a break above the upper channel line, the only reasonable wave count possible now is the triple combo . We got a sharp drop from that blue wave X and are currently in the middle of a corrective wave ((b)) that...

ElliottWaveBelgium

Dow Jones - Looks for one more push higher for orange wave v. The next question will be if this is an impulsive wave taking us to (and maintaining) new highs or is this a Flat correction which means we'll see a push lower towards 27500-400 once this move tops.

ElliottWaveBelgium

Possible triangle for wave (b) here but could go for the 61.8% retracement level also. Look to buy once one of the scenarios completes. Shorts are not recommended for now.

ElliottWaveBelgium

For the moment I think we're finishing this bearish triangle correction that could take us down to $42. BUT, if we see the price drop slowly with overlapping price action and it remains above $51, we will have to consider the alternate count that will lead us higher.

ElliottWaveBelgium Updated 

I Believe we could have one more small push up to 3145-3158 before we enter red wave ((iv)) correction. So, unless you are daytrading, I suggests you stay out of this for 1-2weeks until things clear up. If we go below 3098, we can consider that red wave ((iii)) is in place and that we have started the wave ((iv)) correction. Previous post :

ElliottWaveBelgium Updated 

We got a Flat (orange) ABC correction for wave (b) and saw price go down for wave (c) right at the 100% Fib projection level of wave (a) from which it now bounced. A move above 1.1092 would increase the chances for a continuation to higher levels. Count gets negated if we move below invalidation level. Previous post :

ElliottWaveBelgium Updated 

As stated in my previous post, this should be the last Opportunity to buy at a low price before we see a very significant rise here going easily above 14K ! We're having a 3 waves correction here, with wave (b) playing out as a triangle, which means we are seeing the last move lower playing out as an Ending Diagonal! Know that when such diagonals come to an...

ElliottWaveBelgium Updated 

Very difficult to label this but I'm going for this Triple combination, WXYXZ, correction due to the fact that Fib proportions are quite nicely respected. I'm not sure if wave Z is in place or we're still in a correcitve wave (b) and go up to 58.70 first. In any case, I would like to see at least a break of the lower channel line to be confident the correction is over.

ElliottWaveBelgium Updated 

We got a Leading Diagonal wave 1/A up followed now by this 3 waves correction. We should now be in wave (V) of higher degree red wave ((C)) of higher degree wave 2/B. We're approachine the ideal reversal zone at 1.1000. A break of the upper channel line and above 1.1090 would suggests the bottom is in and we've started the reversal higher. Invalidation is 1pip...

ElliottWaveBelgium Updated 

As expected price is coming down here We're having a 3 waves correction here, with wave (b) playing out as a triangle, which means we are seeing the last move lower ! Will be looking for support at 8500 then 8000 but we could see a small drop below 8000 to around 7900 / 7807 just to frustrate bulls which would be the ideal point of entry for me. As long as...

ElliottWaveBelgium Updated 

Looks like we're having a 3 waves correction here, currently in wave (b) playing out as a triangle, which means we should see a ONE last move lower down to, idealy, ~8500$. We could go a bit lower but as long as we remain above 7300, bullish bias remains intact. If we go below invalidation level, we might need to consider the bigger correction as a potential...

ElliottWaveBelgium Updated 

We can see a Flat correction playing out that could have topped at 6930. If we see price go down now and break below the middle channel line followed by waves (iv) low, we can consider the top is in place. The problem here is we don't have clear divergence between wave (iii) and (v) of red wave C, which is normally the case when an impulsive wave comes to an...