Geofftv1

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About me Just retired, active interest in charting with Elliott Waves and trendlines.
Joined Scotland
Markets Allocation
14 % indices 5 % forex 1 % stocks 80 % other
Top Mentioned Symbols
UKX 42% | 64 XAUUSD 14% | 22 SPX 13% | 20 US 9% | 15
Geofftv1 Geofftv1 DJI, 1D, Short ,
67 0 4
DJI, 1D Short
Dow - Near the Top?

So the dow has joined the SPX in making a new high and finally proving that the rise Since feb is in fact a 5th wave. However the NDX is not joining the pack and maybe leading the downturn? This idea has a final target for the dow just over 27000 , good luck.

Geofftv1 Geofftv1 UKX, 60, Short ,
66 4 6
UKX, 60 Short
FTSE Update:

Progressing my idea from Sept 7th FTSE may have completed wave (4) and starting wave (5) which may finish at 7204 (138.%fib) OR 7135 (162%fib) Good Luck

293 2 8
SPX, 1D
SPX - Multiple divergences!

So the SPX finally put in a new high meaning the Jan high was in fact a wave 3 and NOT the top! This chart suggests a possible EW roadmap for the activity since the Jan high. Note that SPX has created a rising wedge which threw over the higher line in late august and has since fallen back under this line. Given that there is large divergences in most indicators ...

Geofftv1 Geofftv1 UKX, 240, Short ,
84 7 7
UKX, 240 Short
FTSE - Idea Update:

My idea from 21st Aug is following my predicted path with FTSE now in the middle of a 3rd wave decline. My target for intermediate wave (3) black is at least 7147 but probably lower if the US indices turn. Good Luck to all my followers.

Geofftv1 Geofftv1 NDX, 1D, Short ,
221 0 6
NDX, 1D Short
NDX - Final Push?

This chart shows a possible EW Cycle pattern from the 2016 low which is very near completion. If correct NDX is now in the final intermediate 5th wave which is taking the form of an ending diagonal which may complete around the 7700 zone probably this week. RSI is showing a very large divergence and personally I will be looking for a break of the red line to ...

Geofftv1 Geofftv1 UKX, 60, Short ,
146 3 8
UKX, 60 Short
FTSE Update:

Following on from my previous FTSE ideas it was nice to see a textbook H&S followed by a steep drop, Hope you caught this! FTSE looks to have completed minor wave 1 &2 blue of intermediate wave (3) and preparing for minor wave 3 blue. If correct this will be a steep drop. Good Luck

Geofftv1 Geofftv1 UKX, 240, Short ,
67 0 7
UKX, 240 Short
FTSE - 4 Hour.

Following on from my previous FTSE charts that show a 5 down leading diagonal from the top followed by a complex correction A,B,C If correct this correction just completed with a H&S pattern that may herald a bigger drop if correct. Good Luck

Geofftv1 Geofftv1 XAUUSD, 1D, Long ,
437 6 7
XAUUSD, 1D Long
Nobody loves Gold, time to buy?

Following on from my previous ideas on GOLD which has just bounced off the 61.8% fib retrace on a strong divergence to complete wave C circle of the triangle. Gold bears have eaten all the honey and are full! for me this is a time to go long and ride wave d circle Good Luck

Geofftv1 Geofftv1 SPX, 240, Short ,
453 4 9
SPX, 240 Short
SPX - Wave Counting Complete?

If my wave counting is correct SPX finished a 6 month zig-zag correction (W),(X),(Y) on 25th July at 2848. Note that there was not enough momentum to completely close the breakaway gap BUT the correction was very deep which is typical of a 2nd wave where bullish confidence is often very high. Waves 3 and 5 of (Y) are interesting in that they both exhibit double ...

287 2 9
SPX, 60
SPX - Flat Correction?

Looks like SPX may be in wave C of a flat correction which if correct may finish around 2828 ,61.8% retrace. Good Luck

157 2 5
DJI, 60
DJI - Possible Leading Diagonal.

One possibility for the current DJI pattern is an expanding leading diagonal, see chart. Good Luck

Geofftv1 Geofftv1 SPX, 240,
356 0 5
SPX, 240
SPX - Still wave counting, W=Y?

Carrying on from my previous idea in that SPX is in a corrective structure from the top. Wave Y is still taking the form of a diagonal and looks to be near completion? A possible turning completion point is where wave W =Y which is very close now. Note that RSI is diverging. Good Luck.

113 3 5
UKX, 60
UKX - Choppy ride so far!

FTSE has created a series of overlapping waves in what looks like a leading diagonal with wave 5 currently underway. Waves 2 and 4 have met the typical fib retraces of a leading diagonal IE: between 61 and 81%. If correct wave c of wave 5 should start on a clear break of the blue trendline. A clear break of the upper red trendline would indicate this count is ...

Geofftv1 Geofftv1 SPX, 60, Short ,
369 0 7
SPX, 60 Short
SPX - Lets go counting (updated)

Intermediate wave (1) looks to be complete on 2nd July with a strong a,b,c correction nearly complete. This correction has filled the open gap at 2752 and hit the 2009 long term trendline again! it may poke above it to test the 78% fib retrace at around 2771. A clear break of the red trendline should indicate that intermediate wave (3) is underway. Good Luck

244 0 7
XAUUSD, 1W
GOLD - Weekly View, looking to go long soon.

I have not posted on Gold for some time as the choppy wave structure has been difficult to work out in EW terms. However I note that a high percentage of posts are on GOLD so interest is clearly present! This weekly chart sees GOLD completing Cycle wave IV back in 2016 and in the early stages of cycle wave V. The correction from the 1900 top looks to be a double ...

Geofftv1 Geofftv1 SPX, 60, Short ,
473 6 7
SPX, 60 Short
SPX - Lets go counting (updated)

This chart updates my idea from 17th June in that intermediate wave (2) is complete and intermediate wave (3) is underway. Minor wave 1 (blue) completed with a leading diagonal and retraced 61.8% for minor wave 2 blue. Minor wave 3 (blue) is underway and once again the long term 2009 trend line has been breached. Target for minor wave 3 (blue) is around 2695. Good ...

345 5 4
SPX, 60
SPX - Lets go wave counting!

Sometimes to obtain a clear EW picture it is helpful to simply count the waves! My previous posts have indicated that the SPX top was reached in Feb18 and since then we have started a downward track with SPX bouncing around the 2009 trend line. I have not changed this view! This chart shows the wave structure with a simple wave count total at the end of each ...

Geofftv1 Geofftv1 ISF, 240, Short ,
105 3 5
ISF, 240 Short
ISF (FTSE100) Chart - Clearer Picture

Sometimes the EW pattern shown by the ETF that tracks the FTSE100 is clearer than the UKX chart. This chart of the ISF ETF shows my current idea on the FTSE100 which I believe has completed a very long ending diagonal from 2009 at wave (5). The 2009 trend line has been broken and then retraced back below it. The final impulse leading up to (5) was difficult to ...

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