RoboTrend

RoboTrend

Hard to call a top after such run and so close to ATH, but there is a clear structure - so clear it could not be true - calling for a reversal here. The move since the august bottom is a three wave correction with every subwave in place. The last two days are forming a small ending diagonal (red trendlines), which usually finish with a "throw-over" outside the...

RoboTrend

The dollar missed a new low to complete a clear five wave structure with all the subdivision in place. Calling a rally from here, for at least 8 (50% retracement from the top) -10 (61,8% retracement) figures up. This means EurUsd will retrace accordingly, leaving a top today

RoboTrend

From the 66$ high (where we assumed a truncated fifth wave), Crude Oil future shows a nice impulsive pattern. We can clearly see a corrective flat, that we assume is a wave iv, already ended or just one subdivision to the end. We were already shorting yesterday with tight stop, and it did'n work: today we try again with a looser stop, targeting new lows in a fifth...

RoboTrend

Following our previous post, it looks like "later" was the answer. (b) wave was short, even shorter on cash index, but second waves are usually sharp and shallow, so it hadn't time to develop a "textbook style" b. We approched the most likely stopping area, between 50% and 61,8% retracement. Our feelings is that it will try to reach 61,8%, surpassing the previous...

RoboTrend

Assuming a top of some degree on Jan 29th, we are witnessing a trend change or a correction. In both case it shouldn't be over yet, and we'll choose one option or the other looking at the manner of this supposed decline. Short term, a couple of - opposite - option are viable: one that assume a surge above yesterday's high, and one that see that high holding....

RoboTrend

A three wave movement followed by an up impulse of lower degree. It's enough to give us a likely trend change and a low risk entry: stop loss is little below 1,1780 and target is above 1,1880.

RoboTrend

Last movement looks like an expanded flat: the move from 1.1833 to 1.167 is made by a sequence of three waves impulse - correction - impulse. Having surpassed the previous low, the best way to look at this three wave sequence is as a B wave of an expanded flat. So we are at the end of wave C of this flat: trend should rapidly change and bring the cross under the...

RoboTrend

Last spike at the opening bell should mark at least a local high, completing a more ample ending diagonal and an impulse from Sep25th low. Short with tight stop at 6045.