FTSE looks to be forming a double zig-zag for wave 2 which should complete soon. Triangle just completed on hourly chart and FTSE now in wave 5. Good Luck
Here is my 4hour FTSE idea for the coming near future. It is clear that whilst the US indices continue to show strength the FTSE is reluctant to fall! However I believe the coming week or so should see some decisive action one way or the other! At present it looks like FTSE is correcting in wave 2 and will probably reach the fib 78% level before starting...
I have been asked to update my last DOW 4 hour chart which has changed again! EW charting is not an exact science and sometimes the pattern only becomes clear later in the cycle. Here is my latest idea which has the DOW in a 5th wave which is taking the shape of an ending diagonal. Given the continuing strength of the DOW I have posted a wide target of...
Here is my S&P500 4hour roadmap showing Momentum & RSI divergence as the top approaches. I have a target of 2485 after minute wave iv & v finish, probably this coming week Good Luck
Gold is following my idea from 2nd July and is currently nearing the 61% fib level at 1261. I expect this will be point a of the ongoing a,b,c and a fall will then ensue to point b around 1240 before wave c takes gold back up to the previous high at 1300 ish. Good Luck
Zooming in on my earlier long term EURUSD chart to the chart of today at 4 hour. It looks like wave 5 is in progress and taking the shape of a rising wedge, I think that a spike/overshoot will complete wave 5 soon and a correction will follow. Personally I will wait for the lower wedge trendline (blue) to break before trading. Good Luck
In addition to my interest in the EW charts for stock markets I have also been looking at the EURUSD pair for some time. Here is my idea for the long term, I believe that EURUSD is in wave C of a HUGE FLAT structure starting way back in 1995! In the short tem I think that wave 3 of the FLAT wave C completed and currently wave a of a zig-zag correction (wave4) is...
This chart shows my current idea for the DOW which I think is in a wave 4 triangle, if correct this means one final wave 5 up to around 21740 zone before Primary intermediate wave 5 and primary wave 3 are complete. Good Luck.
My last FTSE ideas were violated which means back to the drawing board! This new idea has the first wave completed with FTS now nearing the end of a ZIG-ZAG correction at the 61% fib. Alternatively this latest correction could be wave 4 of the decline since the top but I think this less likely. Either way I expect a fall soon in either wave 3 RED or Wave 5 BLUE. Good Luck
FTSE completed the flat as predicted BUT then created a zig-zag followed by a triangle in progress. This is a double three corrective wave which is nearly completed and should be followed by a sharp decline in wave 3. Good Luck
Oops I cannot count, this current FTSE wave structure is in fact a Triple Three and NOT a Double Three as shown in my earlier post. Good Luck
FSTE - Still up and down like a yo-yo! However it looks like FTSE trying to fill that gap opened up today with a running flat which if correct will mark the end of wave 2 and lead to a larger wave 3. Possible good trade ahead. Good Luck
US30 has just completed wave 4 which comprised of a zig-zag with the b wave taking the form of a FLAT. The 5th wave should start now with a target of 21730 in the next 2 weeks. Good Luck.
One of the stocks I track & sometimes trade is Randgold Resources. After just completing a FLAT as part of Wave B in an A,B,C correction RRS is now starting an impulse (probably in the form of a zig-zag to T1 or T2) Good Luck
I spent considerable time reviewing my last gold idea from May2nd in which GOLD was possibly starting a 3rd of a 3rd wave? The wave structure since then has been quite complex and does not show the strength normally associated with a 3rd wave. This has led me to completely look again at the whole chart since the early 2016 bottom with the following comments: The...
My last FTSE short term analysis was violated (wrong) and I must admit the wave structure from the TOP has been difficult to follow. However I am now pretty sure that the first 5 wave down is nearly complete as labelled on the chart. Wave 2 is a FLAT and wave 4 is a ZIG-ZAG satisfying the alternation guidelines. Wave 5 in progress may terminate at T1 7327 as a...
I have labelled this monthly chart of FTSE which I hope clearly shows my reasoning as to why I believe the TOP is in and FTSE is heading down. This new chart replaces my previous long term FTSE charts and shows that the crash 2007-2008 was the start of a much bigger correction in the shape of an expanded FLAT which has just completed wave B and starting wave C...
FTSE has just completed B wave of A,B,C correction. Short term long trade to T1 or T2 possible. Good Luck.