Lechacal

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Markets Allocation
67 % indices 33 % forex
Top Mentioned Symbols
NASX 33% | 2 SPX 16% | 1 EURUSD 16% | 1 EURGBP 16% | 1
Lechacal Lechacal NASX, W, Short ,
NASX: Nas Descent Underway
17 1 0
NASX, W Short
Nas Descent Underway

Original chart showing the clear ending diagonal posted two months ago, the descent has begun

Lechacal Lechacal EURUSD, M, Short ,
EURUSD: EuroDollar - One subwave to complete
47 0 1
EURUSD, M Short
EuroDollar - One subwave to complete

One further break lower for EuroDollar left to come following completion of current triangle and that could be it for the Dollar Bulls! Short for now but most of this correction from 1.6036 is complete.

Lechacal Lechacal NASX, M, Short ,
NASX: Nas broken out through ending Diagonal?
18 0 0
NASX, M Short
Nas broken out through ending Diagonal?

The larger 3rd wave began back in March 2009. It's now clearly in the very latter stages of an ending diagonal pattern with perhaps one more high to go before retreating back to the start of the diagonal i.e. 4,100 approx. We know this pattern emerges in the fifth wave position, therefore I make present position to be very close to the top of the 3rd subwave of ...

Lechacal Lechacal DAX, M,
DAX: Dax 5 month Correction is close
60 1 0
DAX, M
Dax 5 month Correction is close

No position held here but wave count looks so clear it just can't be this easy, can it??

Lechacal Lechacal SPX, W,
SPX: Elliott Wave Count
157 9 2
SPX, W
Elliott Wave Count

Any thoughts on the wave count enclosed? I make it that we still haven't seen the top of larger wave 3 yet though not far off.

Lechacal Lechacal EURGBP, M,
EURGBP: Time for a Euro pop?
55 0 2
EURGBP, M
Time for a Euro pop?

Fundamentally it's hard to come up with a reason why the Euro might start to climb against GBP but long term monthly chart clearly shows we're right at the lower channel support, each of the previous times the EUR has regained 10 cent approx

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