benchch

benchch Updated 

I was about to publish this and then noticed a mistake which means we can go all the way up to that nice blue line without violating the count. This is because I thought the current wave I am counting, labelled in the green text had a wave 3 shorter than wave 1. Turns out it is 0.6 larger. So we have no real limitation Except that max target 2435.7 on the...

benchch

A quick update from the one past SPX ideas i've shared. I had to put a lot of trust in this yesterday as it fell off a bit. But realising it looks live the beginning of the A wave I remained confident. Thinking it will surge back to where it began the day, above the moving average. So that means we're now in the retrending B wave. It can go as high as it...

benchch

Here is an update on my SPY/SPX forecast. Looks like we're heading free of the consolidation we have had for the last 2 weeks after a big rush on the first week of this year. There was nothing frightening about it. It refused to close below the moving average. The consolidation lasted longer than I thought it would. If I had to write an article on it I'd put...

benchch Updated 

Did you check my last post? I said we will experience 2 weeks of pullback/ consolidation before we take off again. Expect January 3rd to be the start. Unrelated to how I predicted that, but still in correlation, I want to show how the new wave rule gives a map for the next few weeks to happen. This large wave spanning almost the entire year is what I consider to...

benchch

Back publishing again. This one is interesting and I don't want to fully give away how I came to this conclusion. It's from following another related set of data tracked over a year. It was very accurate and only failed once in predicting where the market will go in that year. That was around the time interests changed last year, maybe that had something to do...

benchch

Larger view of chart posted. I have to point out that the markers in orange could be 1,2,3 instead of A,B,C. Because we've come up from a massive wave going back to when data available to me began. I think I have looked a degree too small. And that we have 3 more waves up of the degree marked in orange. And when that finished that will become an A wave of...

benchch

This one took a long time to understand. We are in the C wave to the upside. It looks like have finished a doubly long correction for the 2nd wave of the C wave. < Please check out the long term view. I explain something important there about a degree mix up

benchch

I thought we had finished the corrective phase and were in the 3rd wave of another up trend. Wave 3 is not behaving like a wave 3. So I think This could be a C wave of a larger B wave. Meaning we have another 5 down on the way after this wave is completed. That 5 down will be the larger C wave There are lots of wave labels on this chart. What I want to point...

benchch

bit.ly < I've followed GBPJPY down the chart from 1960 to present day. My counting says we are in a big ABC starting from 2011. And it looks like We could have completed the B wave of the large ABC. I expect the first 5 up very soon. Like every first wave, it's hard to convince myself the downtrend is over. Because the following 2nd wave will freak everyone...

benchch

I'd like to share what I believe will happen for GBPUSD. According to my Elliott/Hennessy count we are about to go into the wild territory of a 5th wave. This is where the 4th wave of the 5th makes new price territory. Before it does that there is a chance the 4th wave will retrace forcefully and look like the trend is over. I don't believe it will be the...

benchch

I've been taking the time to see what this new elliott wave rule could do to help counts. There are some pros and cons. I have had more success counting with it than the regular way to count. Because it's not well known it's made me apprehensive to post ideas on here. But I have to put something out there now because it is working. Longer Term I have DXY...

benchch

I thought i'd post this. Would appreciate some feedback guys if you can. My original idea was this thinking that we have just finished wave 5 of a zig zag for a 4th wave correction I have changed the count. (iii) ends where (v) used to. I did this because now wave 3 goes beyond the high of wave 1 and you can see a clear 5 wave climb for wave (iii). If this...

benchch Updated 

Just finished a complex correction? Looking back at the chart this correction could be the 4th wave of a higher degree. 2nd wave was simple and 4th complex showing rule of alternation. Some price targets are transcribed on the chart with reasons why. I use the fib drawn from wave 3 down to what I think is the end of wave 4 for my fib targets. I seem to find...

benchch

Looks like it was just a simple ABC correction turning out to be an expanded flat. If that is the end of the correction the (X) wave in the previous chart is an impulse wave starting a new 5 wave down trend. Looks like the 3rd wave could have already finished. I expect the 5th wave to end around 45.31. Will wait to see how the 4th wave unfolds.

benchch

My preferred count that satisfies EW rules. Could be a running flat: so expecting a 5 wave up move beyond high of first full corrective wave (W). Will follow and change forecast if I see a change. I am not trading this just practising my counting. Like if you agree, comment if you have any alternative counts. Trade at your own risk good luck guys.