DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
HELIOS AND MATHESON ANALYTICS INC, GENERAL ELECTRIC COMPANY, ADVANCED MICRO DEVICES, INC., MAGNEGAS APPLIED TECHNLGY SOL INC, BAKER HUGHES, A GE COMPANY CLASS A, ISHARES MSCI EMERGING INDEX FUND
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
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
From this current chart which is one of the two counts I have currently (both extremely bearish), it looks like we can see huge down move in DAX.
Wave 2/B which moved up in 3 waves with Wave B (Circled) being a Running Triangle seems to have completed, but even it is still continuing the scenario for DAX (German Index) remains sideways to bearish and hence shorts ...
Crude currently seems to be in the ending stages of the first Impulse down from 72.87 level.
This Impulse down was sharp as is expected after an Ending Diagonal is formed, from what is visible now we can complete this leg down near 64 or 63.30 level and from there form atleast a 3 legged correction to the upside for Wave 2 or Wave B which can take Crude possibly ...
As per the current count it looks like we are in last leg up of the complex correction for the completion of Wave .Y (Yellow) once the same is done which should be confirmed by a break of the Pink channel to the downside we can see a huge leg down which can take SPX to the 2530 levels or even lower.
Bearish sign : Break of channel to downside.
Expected targets : ...
The Hypo 1 (Cyan) suggests that we have completed the Wave a as a leading diagonal which suggests shorting for downside target of the white box support region.
However if we consider the more bearish Hypo 2 (Red) then we can say that the Wave c of Wave B was an Ending Diagonal and we can see for much lower targets in this case.
Since both the Hypos are pointing ...
Crude has now taken the low of W.W out which means that we have possible W.Y in progress of W.B of Triangle of W.X, in either case expect sideways to bearish movement here, also a pullback from near the current market level is quite likely as we are at channel support level and W.W =W.Y 1:1 equality, if this market completes the W.Y at this level then expect a ...
I currently have 2 counts that I'm following in regards to Crude, the first one above (Red only the Red labels) is taking the current Wave iv progression as a Triangle and the other one down below is taking W.iv as a Complex Correction.
As per both of these counts the Invalidation Level is coming around 58.56, which means ...
In my last report I suggested longs when Bitcoin was trading around 3757, after which it went up to achieve all the suggested targets and made a high near 5870.
The leg up from the 2970 low seems to be a 3 legged move up for Wave B (Red) of an A-B-C Expanded Flat correction.
Which means that if this analysis is correct then we are currently in Wave C down of ...
It looks like that from the 71.73 low the market has moved up in a 3 legged corrective structure till the 1.078 high, right now it looks like it's going through a complex correction or even a possible triangle and seems to have one leg to the upside still remaining as circled Wave C.
It seems that we have just completed a Wave B Triangle and also broken above the b-d Trendline.
If this interpretation is correct then we can see next Wave C up till 4380-4700 levels.
Also if this pattern is incorrect then we can exit the longs below 3620 which is also the low of Wave e of the Triangle.
Overall this setup is offering a great Risk to Reward ...
As I mentioned in the last video report SPX has broken above 2500+ , as of now there are both a bullish as well as a bearish count that this market can play out.
At first let's look at the bullish count in Red which shows a 1)-2) -1-2-.1-.2 upside formation.
As per this count we have big upside left and SPX should see 2540 + levels after giving a small ...
It looks like we have just completed a double ZZ in bitcoin which seems to be reversing exactly from the lower boundary line of the previously defined support region, we are seeing a bounce from this level and this bounce should have atleast 3 legs in it even if it's a correction.
Minimum targets for Wave 3/c are 4380 and 4560 .
The downfall in DAX that started from the 12950 levels seems to have come to a halt even if temporary, right now it seems that from 12950 to 11870 we had a double Zig Zag type of correction, now the movement till 11870 could be the end of the corrective Wave iv or it could be the just the continuation of Wave iv as a Triangle or a Flat or some other complex ...
After the decline from 10000 + level it seems that we had a 5 legged down movement which seems to be followed by a Triangle, since triangles can not appear in Wave 2 positions hence the most likely possibility is that Nifty will see another leg down from here on as a Wave C down once the level of 9784 is broken which is also the low of Wave D in the Triangle Wave ...
In my previous post I discussed how DAX was moving down in Wave 4, as of now it seems that the correction is complete and that DAX can move upwards for a Wave 3, the green corrective channel should be broken on the upside for further confirmation.
Stops should be placed below 12064 level as that is the recent low of Wave 2.
I will update further as this market ...
It looks like we are in Wave 3 of Wave 3) which is supposed to be a very strong wave.
As such this analysis has played out as expected so far and hence if it goes on to continue as such we shall soon see 13000+ levels on the chart as suggested in my previous posts.
I will update further as this market continues.
It look like Crude has just completed a Ending Diagonal and also broken the upper trendline.
If this is an Ending Diagonal then we can expect Crude to make new highs from here on.
SL : Below 46.40
Target : Last Swing high
It looks like a good long opportunity from a Risk to Reward perspective, I will update as this market continues.
It seems that SPX is moving down in either a 1-2-3 impulse for the Wave A of a bigger correction or as Wave A) - B) - C) for a Zig Zag.
As of now it seems to be moving fast and hence looks more like a Wave 3) but could also be Wave C).
In either case the Wave is not complete yet and hence expect more downside from here.
Target : 2414
I will update further as ...
In my last article I suggested the possible up progression in DAX, but from the current Price Action it seems that we have one leg down remaining as Wave 5, only after this down leg completes will we have a completed Zig Zag and can expect some upward progression after that as previously suggested.