It looks like oil has topped recently and now is heading south to hit the previous major low in the sub-30 area. Wait the breakdown of the corrective structure for confirmation. Bearish divergence could play out soon.
The previous chart was invalidated as wave 3 has completed and we are now in a wave 4. It could be over as price approaches the channel's downside but is yet to reverse. The target for wave 5 is located within the blue blox between 74 and 80.
Copper could drop again to finish giant flat correction.
It looks like first 5 waves down of wave A are over in the upcoming zigzag structure. Next we could see 3 waves up in the countertrend correction, wave B. It could reach between 50% and 78.6% of wave A. Then there is a second leg of 5 waves down of wave C. Let us see how it goes.
It could be the end of a long-term correction in USDRUB pair as an Ending Diagonal pattern has been spotted on the chart.
The 2-year lasting correction could be over soon. Candlesticks in wave Y chart the shape of ending diagonal, which is strong reversal sign. Wave Y is already equal to wave W as it means that the USD drop was sufficient. The former major top at the 732 is the minimum target. See related idea in Turkish Lira, it could be similar.
euro is in possible expanding flat correction. targets 1.2200-15 where the wave A finished, but could surpass it.
This could be a medium term consolidation as per my old idea (watch related). So trading the range is what we are expected to do.
FED announced balance trimming. The technicals perfectly match that decision (always a matter of disputes between tech analysts and macro analysts). We got large correction before and broke below it. Now the price made a perfect pullback to the broken line shaping my favorite Bear Flag pattern. Watch to sell on breakdown.
At the end of last September I called for the drop in the 10-year US T-notes with quite aggressive target (see related idea). In this and the next update I came to the thought that the drop could be over earlier as rates are reaching important resistance level. Despite the aggressive tone on the rate rise in US, I think the upside is limited based on this...
I called for the temporary strength in wave (B) in my earlier post (see related idea). It looks like we are completing it and another drop down is just ahead. Signs of wave B soonest finish are: wave C in wave (B) already reached the 1.618 of wave A. Wave (B) has almost reached the 61.8% of wave (A). The second drop could be even faster as it will be wave (C)....
Earlier I posted a map with hourly chart with microview. This is to give a bird's eye view. Wave A of 4 could have been finished already. Now wave B to the upside before another drop down, which should break below the trendline support. 50-61.8% retracement area is the final target for this correction I guess.
Oil finished its correction and is heading to the upside of the channel. Could hit into 73-74 area.
The consolidation within wave B could be over as wave c in wave B hit between 1 and 1.272 of the wave a distance. It shaped the bear flag pattern. Now the second leg of downside correction is underway which could hit at least area of 7300 where C=A.
MDXG Correction could be over and we should wait the breakout of the structure to the upside. Bullish divergence supports the idea. Previous top could be the minimum target at 17.47.
Up and then down. Yellow long term support could catch the final drop.
Same story as with LTCUSD. Pullback is in progress in wave B. Another drop should follow then to hit $300.
It looks like AAPL is in a large wave 4 correction. It could reach lower degree wave 4 at 142.00 (white) where it intersects with the trendline support (yellow). It could be the last wave down soon. Then the bounce up is expected in wave 5 as shown on the chart.