Dollar index weekly: after it has broken above long-term highs, the Dollar Index has been consolidating during the last months. We can expect a move back higher, firstly at 102 level ( 0.618 % fibo retracement level ), just back under parity, actually where I think it should´ve been already.
Technical bullish rationale for the next 3-4 months:
After two months of high volatility, the market has moved into positive territory for the two months left of the year although we can expect the pace of gains to slow. All indicators are moderately bullish:
1. The index weekly chart shows successive higher ...
Is Apple stock starting to drift downward ? Candlstick analysis say yes, at least in the short-term:
The three Budha Top formation( an analogy of the western Head and Shoulders pattern) that started developing in February is a key warning sign of a waning mommentum. All three tops of the formation developed ...
Oil prices have been plunging for a year now ( since the formation of the head and shoulder pattern last summer) and I think the trend will continue for a few weeks considering the uncertainty over the Chinese growth demand being weaker in a market already oversupplied.
Eliot Wave analysis:
Short-term outlook: bullish.
The stock is currently bottoming out of wave 4 and just starting the developping process of impulse wave 5 as it´s attempting to break up from the consolidation pattern that it´s been forming in the past few months.
The Point and Figure horizontal count gave us a target at 114,4 ( ...