Since the beginning of its tremendous succsess story, the share price has formed since May 22 an A/B/C in red bracket down. On a daily basis within the B-wave countertrend upward it shows signs of an Ending Diagonal Triangle (EDT in blue).
Mentioned as an ABCDE in blue formation, the B part down reached a 76.4 % level of the A part up. This level is very common...
The German Unemployment Rate will grow again...
With data from around 75 years, there is a possibility for growing again. With all these negative consequences for the employed people and their families. We must answer the question whether the Elliott Wave Theory is the right item to analyse what will happen and behave with crowds of people. The theory always...
Like LEG Immobilien SE NA O.N. the whole sector will find a bottom and closing gaps from the past, as I mentioned in red. Values under 38.32 € become an entrance, and buyers should occur. The next aim should be around 250, - €.
EATON Corporation, PLC.
At stock exchange from the early beginning in the late '20s from the last century. An ongoing story of success.
Don't make the mistake to expect reaching the mentioned values at the ground time scale. There is no connection between these two objectives in Elliott Wave theory (!).
The share price should reach 222 US-$. After a correction...
today AXA S.A. closed the gap from Oct. 2007. The share prices will form a top in the future inside the trend channel. The C-Wave of an ABC-Correction pattern will lead the share prices down, lower than 10 € to close the gaps on the downside.
Since Feb. 2000 German Telekom AG has been ongoing forming an long lasting A/B/C - correction in Grand Supercycle Wave II down. Nevertheless, this is the reason, why the German DAX will outperform. Because the Telekom shares are "...one of the biggest tanks in that asset class index..."
Until today there is no exhausting to see out of an internal trend channel....
Grand Super Cycle I finished in Feb. '22.
From the beginning until today its one of the biggest successes in wall street history. Nevertheless, investors take their profit now.
On the right side in red I mentioned lots of gaps from the past. To reach the 0.382-Fib retracement is a common behavior for wave II and often seen in the past.
Hello traders or investors,
META is forming an ending diagonal in wave (C) in red as the end of Supercycle wave II in blue.
Right now, the short term trend is down and the chart should reach levels below 28.50 $ before will start to an exploding wave III in blue up to reach the 1.618-multiple at round about 615,- $ in the future.
This is an answer to Mr. Frank Schuh from "Elliottwaver Live", he asked for in his latest video on YouTube, 29th of January 23.
For interpretation of charts and finding ending points and trading ideas I use the Elliott Wave technique in combination with Fibonacci retracements/extentions and the MACD which Elliott himself did not mention.
In my opinion Supercyle...
Everything mentioned in the chart.
In Elliott Wave perspective often shares started on a higher level, formed a TOP in the past and than turned down to a longer lasting correction. - like AXA did. More information in the near future.
TESLA - Update:
Since April 2022 the chart of TESLA has formed an ABC-Correction down (burgundy in brackets) which is as normal for a corrective wave 2 (roman in black). Right now in the last days the chart finished the third of a third wave within a wave C in brackets down. The next level of the chart is a bounce up to reach 124.73 US-$ as a 76-percent Fib-Level...
This chart combines all data since the beginning. It shows the Fib-extension for wave 3 in black.
This wave is not finished yet. The price failed by 225 points to reach its aim (mentioned on the left site - look Fib-extension).
Conclusion : Within the next few months the chart should form a new higher high. Than should start a downtrend for wave 4 in black to...
Is the correction in Crude Oil coming to an end? Since March '22 the price of a barrel oil has formed an ABDCE pattern. It looks unusual, but it works for the moment (!). If the price didn't form a lower low respecting the 10th of Nov. the price could start a new uptrend overthrows 130 US-$.
From an Elliott Waver perspective the condition for wave (E) in red was...
AXA will close an old gap and then 'll start downtrend.
Since 2006 AXA has formed correction down(A,B,C) in wave 2. Extremely old gaps of the chart are mentioned and will be closed in the near future - upwards and then downwards... Good luck!