EuroMotif

EuroMotif Mod

AAPL's long term and short term Fibonacci study indicates we are approaching some very important zones. Of course, the markets overall are looking very bearish. So buying any stocks right now might seem risky/scarey. But as the cliche ''when there is blood in the streets'', I can ONLY buy on serious dips. So I will be watching these zones closely. This could...

EuroMotif Mod Updated 

My plan for NVDA . Of course, it is not financial advice , just a technical study. Also, I am NOT familiar with the fundamentals of this company or industry. I just see a bounce coming, even if just a dead cat to the next resistance. The green zone BELOW current one is of particular interest to me for a long term hold. The 112-117 price range was the price...

EuroMotif Mod Updated 

This is an update to my bigger picture short Idea: When I posted the above Idea, wave 4 correction was just starting. As wave 4's often do, it consolidated and then formed a bear flag. Today some bad econ news out of China started the final leg down. The green zones are upcoming support areas to watch. I will be taking some profit at each zone, and trailing a...

EuroMotif Mod

Just a quick plot to see how this plays out. I am wondering if medium order wave 5 is done yet or not. I think it is more likely that we will get one more dip, before we pass wave 4. Here is the bigger picture, showing a possible end of large wave V of move starting from 7400. . Background : This is a continuation of my calculations to find the 'bottom' and...

EuroMotif Mod

This is an update to my bigger picture plot looking for sub $3k. But on the way there, we have several fib support zones. Each of the green zones should offer a pause or a bounce. . . Background : This is a continuation of my calculations to find the 'bottom' and consider whether it will go any lower or not. First I saw 3618 on CoinBase as important...

EuroMotif Mod

GU short entry zones to watch in Red. PM May keeps her position so the Pound got a relief rally. But her margin of victory was not impressive, and that was her OWN party! As well, the EU nogotiaters are giving May cold shoulders (rightfully so). So I think a lot GBP shorts closed being at support and ''good'' news, while some bulls are getting in. But I do not...

EuroMotif Mod Updated 

GU is at a very strong support zone. Even though it broke below the psychologial 1.25000, there is much fib support here. Of course, if PM May loses power, GU will take a strong dip. BUT, that may actually be GOOD for the Pound going forward, if the market imagines a more capable PM. I expect some bounce right now, maybe just a dead cat. If this support breaks,...

EuroMotif Mod

The auto industry has been clobbered due to Trade Wars. China just released some news about reducing tarrifs on US cars going into China. GM has a huge portion of its market in China, so now is the time to long it. Technially, this asset this key fib levels on the way down, and bounced where it should have. Now the bounce has retraced to a perfect spot that...

EuroMotif Mod

This is an update to my previous short term plot linked below. I was originally looking for a 12345 impulse to take price up to the 3700 range. But instead that leg up turned out to be an ABC or a truncated 5. However, the last leg down does NOT look like an impulse, but more like correction. Thus my theory of a possible ABCDE, and the trendlines line up nicely...

EuroMotif Mod Updated 

UJ looks to be finishing a 5 wave impulse down. Not sure what the risk sentiment will be to open the week, so watching equities and gold for clues. Regardless of risk sentiment, the downard momentum looks strong, so I expect one more dip yet.

EuroMotif Mod

This is an update to my larger timeframe analysis. (see Ideas below). Currently looks to be in a wave 4 nearing completion. That leaves a final wave 5 (capitulation spike?) that should test 3k or even pierce it briefly. The fact that the drops have been more shallow, and the bounces stronger, tells me we are nearing a bottom. I say ''a'' bottom as I am not...

EuroMotif Mod Updated 

Lots of back and forth with the Trade War situation. Plus, a big miss on recent economic news out of AUS has weakened it. Looks like at least one more leg down, perhaps to end the week at the low. Background : I am a longer term AUD bear, anticipating a serious drop yet to come Since then I have been looking for shorting opportunities such as this recent plan...

EuroMotif Mod

Looks like we are nearing ''a bottom'' if the ''the bottom''. I have been plotting this massive 5 wave move which started at 7400. We are now in the wave 5, which should come to an end soon. Background : This is a continuation of my calculations to find the 'bottom' and consider whether it will go any lower or not. First I saw 3618 on CoinBase as important...

EuroMotif Mod Updated 

Maybe it has bottomed and we go up from here. But I think we still have one more leg down. How far this bounce rises will tell a lot. Of course, lots of folks are calling for 1k and such. Sure that is possible as well, but for now I am looking to catch the serious retrace up. This is a followup to my previous Idea looking for ''the bottom'': In the above plan,...

EuroMotif Mod Updated 

I have been looking for one more leg down per my previous ideas. Price is currently at an important zone, to determine just how deep the next dip might be. I see two secanrios: LEFT side: a WXY correction heading back up towards 4500. RIGHT side: an ABC correction already DONE, and preparing for next impulse down. The next leg in either direction will give us...

EuroMotif Mod Updated 

AU received great news over the weekend, and gapped up. But now it is approaching what I think is resistance. It may well break through, in which case I will wait for a retest of the zone. But hopefully resistance will hold this time, and perhaps the gap will need to get filled. The green zones are what I will be watching for signs of retrace completion.

EuroMotif Mod

Quick plot of the current micro-fib that is in play. These zones will determine whether we have one more leg up or not. Background : This is a continuation of my calculations to find the 'bottom' and consider whether it will go any lower or not. First I saw 3618 on CoinBase as important which had been on my charts for over 6 months: Getting closer, I...

EuroMotif Mod

Expecting wave 5 down to start soon. This plot is centered around this Blue Fibonacci extension set notice the prefect recognition of each .236 and .618 ratios. Based on the above fib, and the Elliott Wave count that it indicates, another leg down seems highly probable. This is for short term analysis. Longer term I think we have another big leg down when a...