We are still in strong bearish market since Feb. 2014 top. Ongoing rally would be due to corrective pullback by wave {iv} from EW analysis. As for the pattern of the wave {iv}, there are two possible scenarios I have. #scenario1: wave {iv} is forming a contracting triangle. - Price action tends to be sideways, many short-term tradings are necessary. - Wave a in...
I would like to think that the strong bearish trend since Jun. 2015 high is coming to an end. Analysis and Reason: 1) The price action since Jun. 2015 high is forming a flat (a)-(b)-(c) correction that is (zigzag)-(combination)-(impulse). 2) Ongoing primary wave since Jun. 2015 high might be {W}-{X}-{Z} combination that is {flat}-{???}-{???}. 3) The price...
Looking for good opportunity to short GER30 from the following analysis: 1) Ongoing downtrend since Apr. 2015 high forms a wxy corrective wave (double zigzag). 2) Waiting for pullback to Fib 0.618 retracement of wave (a) by wave (b).
Good opportunity to LONG EURJPY from the following analysis: 1) The price action since Dec 2014 high might be forming 5-3-5 zigzag ((a))-((b))-((c)) corrective wave that is ((impulse))-((combination))-((impulse)). 2) The wave ((b)) might be formed from (w)-(x)-(y) combination that is (expanded flat)-(combination)-(zigzag) pattern. 3) Sufficient Fib...
Good short opportunity from the following reasons: 1) wave iv looks like 3-3-5 expanded flat correction in Elliott wave principle. 2) sufficient fib 0.618 retracement to wave iii completed. Stop loss and Profit target: 1) Stop loss is located on the end of wave i that is failure level of Elliott wave principle. 2) At a rough estimate, the bottom of wave v could...