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S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
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BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Euro : 30 min. : Either progressing as a w-x-y to the downside or a nested i-ii-i-ii progression, in either case sideways to bearish movement is expected, however a proper short entry in the form of pullbacks is still awaited.
Crude : 1H : Updated : Looks like more downside is remaining in this market. From a short term perspective either Wave 3 is complete or still continuing.
If still continuing then we should see more down move from here as an Ending Diagonal.
If Wave 3 is already complete then we expect sort of Flat formation for Wave 4 as represented by the Red arrows.Strategy : ...
4H : Wave 4 is either complete or is still continuing as an Expanded Flat.
Strategy : In either case from short term perspective we should be to looking for longs. Buying near the low of previous Wave 4 with SL a little below Wave .i/.a high would be ideal if the market permits the same.
SPX : Daily : Updated Count : W.(iv) continuation as a Flat or Triangle is playing out.
Moving down most likely as the Impulsive W.c of Flat W.(iv), meaning we have more downside remaining here.
Euro moved down in an Impulse as posted in the last article and now seems to be reversing exactly from the marked support zone.
Hourly : Looks like Wave .c is complete and we are moving up for Wave iii/c.
Stop Loss below 1.14642 (Swing Low)
USD/JPY : 4H : Looks like W.b/ii has completed with a retracement shorter then usual, as such the case of W.b/ii continuing as an Expanded Flat looks weak but can not be relegated until we see a close above the 114.511 level.
The priority count, that is W .iii going up as an Impulse seems to be playing out and suggests more upside from here on.
However a ...
Hypo 1(Yellow) : If this market goes above 2942 then that would mean that W.v of W.iii) is continuing as an Ending Diagonal.
Hypo 2 (Cyan) : On the other hand if we see a break below the Cyan channel straight from here then that would mean that we are in a W.iv) Flat type of correction.In case of H1, we will look for the Ending Diagonal to complete and then go ...
As such there are many possibilities, but considering the minimum downside expectation that is count suggesting we are in W.C) down, means that we should see atleast two more legs down which can take Nifty near the white support zone or atleast the upper boundary of the same which is near 10640.
Other bearish counts suggest 9960 or lower levels but still require ...
Looks like Euro has completed a Complex Wave .b of Wave ii/b and should see a down move from the current level which should be sharp and can take Euro to the white support zone.
If this analysis does not play out then the SL or Invalidation Level is very small, above 1.18043, making this a very low risk and high reward scenario.
Bitcoin : Expecting a minimum down move till 6482-6266 (White support region) zone as a Triangle continuation.
In case this is Wave .C/.3 down (which is currently not clear) then we can see straight fall till 5000 and lower levels.
So far SPX has moved up in accordance with the last video update. From this 4 hour chart it seems that the Impulsive move that started near 2689 is about complete, a break below the W.4 low marked level at 2892 will act as confirmation or sell trigger level from where we can see downside till the Target level of 2828, if selling continues then further downside ...
EUR/USD it looks like a corrective decline for Wave ii/b should soon follow which should be confirmed at the break of the red channel to the downside.
However it needs to be noted that this will only be a corrective move down and hence should be followed by a new Impulse to the upside which should take Euro above Wave i/a high.
More precise levels will become ...
Looks like USD/JPY is moving down in Wave .c of Wave b/ii which can take it down to levels as low as 109.637 or lower.
Bitcoin : Updated Count : Both Hypo 1 and Hypo 2 suggesting more downside for now.
Hypo 1 : Suggesting that we are moving down for W.b of W.X as an Expanded Flat type of structure.
Hypo 2 : Suggesting that W.X is already complete and we are moving down for W.Y as a Double Zig Zag.
The only possibility in which we will see a move above 6492 high and then the move ...
Euro looks to be moving in a complex Wave 4 correction, W-X-Y , with the current progression in last stages of Wave X.
So far Bitcoin has been moving exactly as expected and is already very near the white resistance zone mentioned as target previously.
A closer look again from Elliott Wave perspective suggests that we still have a minimum of 2 legs to the upside remaining, one as W.v up completing W.3 and next as W.5 up which can take Bitcoin to 9900 or higher levels however more ...
The current progression being sideways and overlapping seems to be a Triangle formation with the current progression being in the Wave (d) of the same.
If this is the count market is following then once we have the Wave (e) complete to the upside we can expect down move for Wave .v which can take the same to
Targets : T1 : 65.94
T2 : 64.09
with SL : ...
W.b looks complete, expecting minimum upside till the white Resistance zone even if W.b is continuing as a Triangle.
Target Zone : 8732-9456
SL : 5801