JonasBenjaminFriedrich

JonasBenjaminFriedrich

British Pound and the USD on parity? It could well be happening in the longterm as a big picture 3 wave structure to the downside stays in tact. The key levelis highlighted in blue. Should we break under this support we will have further confirmation that this setup can well play us. It will defenitly interesting to watch this pair over the next couple of session...

JonasBenjaminFriedrich

Bigger Picture is is bearish like analyised, however I think we are currently in a pullback of the bigger move to the downside. This pullback should retrace deeper to 50-61-8% therefore there is still room to the upside before the move on the downside continues. Further I am expecting the pullback to come in 3 waves ABC, therefore we are still missing the C wave,...

JonasBenjaminFriedrich

As analysed I am expecting the Equity Markets to be in a bigger bearish correction which should bring us lower. However as analysed this move should be in 5 Waves and first we will have a pullback of wave 1. This pullback seems to be finished but is it? Because it would make more sense to see a 3 wave structure ABC to the upside therefore as long as we dont make...

JonasBenjaminFriedrich

The bigger picture analysis looks to be playing out so far. Should we get a impulse move to the downside it should come in 5 waves therefore we should still another 50-61.8% pullback to retest the break out level. Over the highlighted zone the short scenario becomes invalide.

JonasBenjaminFriedrich

I am expecting a bigger temporary bottom in the EUR/USD to play out, but because a new marginal lower low took place it is better to wait with this setup until a certain price level has been taken out on the upside. This pricelevel has now been taken out to the upside so I am prefering a nice Long opportunity in the EUR/USD during the NFPs with a good chance to...

JonasBenjaminFriedrich

My bigger picture outlook for the DAX is in tact and seems to be working out (Take a look at the bigger picture analysis). However a short term pullback could be in play which can retrace back to the 38-50% area from the prior high. Should we make lower low obviously we don't need to make this pullback but if it comes here would be a good area for it.

JonasBenjaminFriedrich

Take a look my EW Count. Of course there are always various scenarios in play, but this is my prefered one at the moment.

JonasBenjaminFriedrich

If you have followed my analysis I am expecting that EUR/USD finds a temporary bigger bottom soon and we should see a nice chance/risk opportunity to the upside. Now with USA Economic Data weakening this scenario becomes more likely since the the pressure on the FED for further rate cuts increases this could get priced in before the next FED meeting already....

JonasBenjaminFriedrich

I am expecting that a bigger 5 wave move to the upside has been finished in the US Small Cap Index. Therefore we should see a corrective ABC move to the downside with the C wave still to come. This setup is valid as long as we don't make any new ATH, should we move over the 76.4% retracement this setup already becomes questionable, however at the moment it looks...

JonasBenjaminFriedrich

I am expecting Gold to make min. another test of the prior top. We can see a corrective ABC structure which possible found its end in the 100-123% extension. As long as we dont move under this extension area I prefer another test of the prior top to come or maybe even another high point.

JonasBenjaminFriedrich

If you have watched my analysis before I still expect the US Market to correct to the downside min. a 50% retracement from the last significant low. Fundamental Data is worsen as we stay in the contracting area under 50 and get a new lower reading with 47.8.

JonasBenjaminFriedrich

As analyzed sometimes before, I am expecting the German Index to be in a bigger consolidative wave 4 which I am expecting to play out as a "abcde" triangle. Within this triangle wie can observe 3 wave moves "abc". I am expecting the DAX to have finished an "a" and "b" wave and a "c" wave could now be about to start which should bring us lower. Therefore I am...

JonasBenjaminFriedrich

Bitcoin has now reached the 8000-7000 target zone like analyzed a while ago. This area will be a crucial decision point (like mentioned in the Bitcoin big picture scenarios). The Bullish case would be that the current correction is a corrective wave 2 in a bigger 5 wave impulse to the upside therefore we should turn to the upside around the 7K level to make new...

JonasBenjaminFriedrich

Please watch the big picture analysis of EUR/USD to understand the Count. I am expecting a major low to have finished and therefore to be a long swing opportunity in play.

JonasBenjaminFriedrich

Deutsche Bank should be watch closely as this heave weight could bring turmoil to the European Unions Health. Should the corrective wave 4 already be finished in the ongoing downtrend then we should see new lows.

JonasBenjaminFriedrich

This is my preferred elliott wave count for Daimler at the moment, like shown in my last analysis. Short Setup looks be activated now.

JonasBenjaminFriedrich

If you have followed my bigger picture analysis of the US Markets then you know that I am assuming the latest up move to be corrective in nature.

JonasBenjaminFriedrich

If you have followed my analysis in the past I expect the Markt to be in a corrective wave 4 (big picture) which I expect to play out as ABCDE Triangle. This Analysis has not been invalidated so far and is therefore still in play. PMIs out of Germany has come in with a new low and well under expectations in contracting territory of 41.4