S&P500 has made a corrective 3-wave move up as analyzed, the blue target has been reached. As long as we dont shoot over the blue target I am expecting the index to reverse to the downside again. So as for swingtraders there could be good risk riward ratio at current levels however, entries need to be timed in lower timeframes and be confirmed in price action, at...
Reportedly China and the US have agreed on phase 1 of a trade agreement. China agreed to not further devalue its currency and buy more soy beans from the US. However this agreement has not been signed so far. Looking at the USD/CHN chart it looks like this story will be a different one. CNH has significantly weakened and broken out to the upside a 3 wave pullback...
This is another possible big picture count where we are in a sideways corrective phase which plays out as a triangle. Looking at the fundamental data and at the ECBs willingness to do whatever is necessary this scenario could well play out. Linked to this post is a bullish big picture count and a bearish big picutre count for the German Index.
This is the alternative big picture count. I dont prefer this count at the moment due to the fundamental economic data. The prefered bearish count is linked with this post.
This is my prefered DAX big picture count at the moment. I prefer this count in correlation with the fundamental Data which clearly shows us that Germany is in a recession. However I will also link some alternative Big Picture Analysis to the post which is bullish.
In the Dollar & Turkish Lira pair we could potentially have finished a running flat abc correction (in a running flat the c waves doesn't reach a new high or low point). Its still to early to say whether we have broken out of the structure to the upside but this pair should definitely be monitored, as a new impulsive move to the upside could be in play. Trump...
DAX very much has overextended the expected pullback to the upside. We have seen a strong 3-wave pullback this was analyzed however unlike analyzed this pullback didn't stop at the 12200-12300 area and overextended. Nevertheless the bigger short setup remains in tact and at these current levels around 12500-12400 would be another good risk to reward point. Further...
EUR/USD looks to be going on track. Any deeper pullback in this pair is still a buy, this is valid as long as we dont make any new lows.
As analyzed before I am expecting the Markets to be in bearish momentum as economic data has worsened. Trump & Fed are going to full length to keep the market up (China Deal & Repo/QE) but no new highs could be reached. I analyzed before that eventhough we are in a possible 5 Wave move down we should see a corrective abc move within a corrective 2 which should...
The US Markets are working out as analyzed in the S&P500 and DOW so far. I was expecting a corrective wave to the upside to come ABC. This corrective move could complete today, the target to the upside is in sight. Obviously we dont know the results of the ongoing trade talks between China and the US yet. It seem though as the markets are pricing in a positive...
GBP/USD could give us a nice longswing opportunity as a 3 wave corrective structure to the upside could be in play here.
Im expecting AUD/JPY to make a 3-wave abc. We potentially could now start the C wave to the upside.
I am still missing one more leg up in the US Markets. The overall picture is bearish in my count however I am expecting that the recent downturn will be corrected in a 3 wave structure. We can see this structure a lot more clearly in the European Markets already, however in the US Markets not so much this might be due to the Trade Deal shenanigans we have...
A interesting setup with a good chance to risk ratio could play out in the USD/JPY. I expect this pair to be in a corrective channel making a 3-wave corrective structure to the upside. Once we reach the highlighted target area the pair should be observed more carefully. Please dont make an entry blindly there needs to be confirmation in the smaller timeframes as...
As analyzed the German Index made the expected 3 wave pullback to the upside. However the overall picture remains bearish in my count. There is still little bit more room to the upside maybe around 12200. The index should now be watched carefully however since we are potentially in the final stage of a 3-wave corrective completion after which I expect the...
EUR/USD has moved higher and cleared some resistances now which should act as support. This Longsetup was postet sometimes before already it looks like now its taking off.
Bitcoin has reached the 8000-7000 area like analyzed. I am expecting one more drop to the downside to come to complete a 1,2,3,4,5 move within a bigger C-wave. The level around 7K maybe even 6k is very important should this level hold we could se the start of another bitcoin rally. Should we however only get a small bounce and eventually fall under 7-6K there is a...
The US Markets could make a corrective 3-Wave move to the upside. If this scenario plays we should see a c-wave to the upside which has the 100-123.6% fib. ext. as target area. Chance vs. Risk would be about 2 or higher at the moment. Note that my overall picture on the US Markets is still more to come on the bearish side.