UnknownUnicorn194809

UnknownUnicorn194809

The GER30 has sat on the 38% retracement of Wave III for 2.5 days now. Possibly signalling that the Wave IV correction is over and today's gap close and continuing rally is Wave 1 of Wave V. - 11400 is acting as support - RSI(14) is picking up momentum - MACDs are also signalling a change in trend I will wait for Wave 2 of Wave V to retrace 61.8% of Wave 1...

UnknownUnicorn194809

The Wave IV Correction of Wave III rally (5th June - 18th June) looks to be near completion. - Wave IV is currently finding support on the Wave B High from 21st May at 1.57 Level. - Wave IV has retraced almost 38.2% of Wave III - Bullish Divergence on the RSI(14) and MACD indicators - Wave III duration = 10 days therefore Wave 4 duration 38.2% of 10 days = 3.5 -...

UnknownUnicorn194809

Yesterday saw a variety of indicators working in tandem to provide a short entry at 11600 level. - Both the RSI and MACD indicators diverging at the 61.8 - 76.4% retracement of the downtrend from 26th May - 9th June. - An ending diagonal/ wedge signalling the end of what looks like Wave III - Bearish engulfing candles at the 11630 double top Closing the gap from...

UnknownUnicorn194809

Perfect Timing of the IMF to announce, "No progress made." It appears that Wave A has ended testing Wave 4 of one larger degrees highs at 11450 level. Also finalizing with an ending diagonal/ wedge pattern, and bearish divergence on the RSI (14). Watching for a possible test of 11164 which is the June 7th Bottom and also the 50% Retracement level of the Impulse...

UnknownUnicorn194809

LinkedIn appears to be moving into Wave 3 of Wave 3 on the 1W Chart. If this count is correct the target is 1.618 of Wave 1 = $381.00 Level My stop will be placed under $185.00 - the break of Wave 4 of one lesser degree.

UnknownUnicorn194809

I am watching for confirmation that we have begun a Wave 4 Retracement on 1h Chart. There is bullish divergence appearing on the RSI & MACD between Wave iii and v possibly signalling a short term bottom. As Wave 2 was a short uptrending 3 Wave Zig~Zag Correction by law of alternation I am looking for a drawn out 3 Wave Flat Correction over the next couple of...

UnknownUnicorn194809

Scenario 2: Greece Cut a Deal. I will be looking for a re-test of the GER30 all time highs around 12400 near-term. Before returning to test support at the lows of Wave (A). Criticism & Comment Welcome

UnknownUnicorn194809

Scenario 1: Greece Default. I will be looking for a 61.8% retracement of the GER30 all time highs in a Zig~Zag Correction to the 10415 area. I am taking the 'correction' as Wave 4 of the Impulse Wave from October 2014. Therefore the lows of Wave 4 cannot touch the highs of Wave 1. The target 10415 is 1.618 of Wave (A). Criticism & Comment Welcome!