Elliottician

Elliottician

It looks like we are about to enter the C wave(or 3) of the correction. Since C waves are impulsive in nature, this is a good point to start buying. The pair might make a small correction to the downside(Minor B wave) which can be used to buy more. Stops can be placed at 236. Target one would be 259.4 and target 2 will be 264.63. Be happy and trade well.

Elliottician

The C wave to the downside has begun

Elliottician

Short voltas

Elliottician

Third of fifth wave

Elliottician

3rd wave in the offing

Elliottician

Next downleg about to begin

Elliottician

The idea is clearly explained in the charts. The psychology of the markets is now such that no one is sure of where the prices could be heading. That explains the prolonged sidewards movement. Elliott count suggests any scenario can take place now and that we should be ready to take the side in which the market makes its next move. If the downward movement takes...

Elliottician

A small pullback is sufficient to put the stock on an uptrend

Elliottician

The price of AEP is expected to go to the support levels and then bounce back to target.

Elliottician

The fifth wave can be very clearly seen in the chart. We can expect the prices to go down till the target easily.

Elliottician

We can see the downtrend till the support zone is reached.

Elliottician

Looks like a third wave within a fifth wave

Elliottician

We are currently in the last leg of downmove in Apache Corporation. The fifth wave is progressing and is at a major fib level. We can see prices steadily go down from this level. The risk is defined for both the targets. Trade well and be happy. Cheers.

Elliottician

Elliott count suggests huge upside

Elliottician

Fifth wave in prgress

Elliottician

This was indeed an extremely complex correction with two expanding diagonals forming the impulse waves and and a triangle as the B corrective wave. IF the upper trendline of the C wave is broken, we can see a resumption of prices to the upside till the entire month is completed. Trade well. Cheers.

Elliottician

From the low of July 2011, we can see that we are in the 4th wave of the final leg of bullishness. Wave 4 still has a small leg to the downside in order to complete the necessary 5 waves to finish the triangle. 42.50 is the apt place to start buying the stock for a target of 60+. For a detailed wave count, click on wave-analysis.blogspot.in

Elliottician

A short term move to the upside is possible in cisco. Since this is a B wave correction, I expect the upmove to be choppy. Trading this is only for seasoned traders. For a better opportunity, please check out my chart of BOEING airlines. It offers a much better upmove chance.