My main long-term count. For those who know and value Ichimoku, be aware that, on the monthly time frame, in the first day of April, Tenkan Sen is already threatening to cross below Kijun Sen... and for that not to happen, the index will have to reach 2134,70 in April... Highlighted with orange ellipses are most recent Tenkan/Kijun crosses, so you can realize its...
A triangle could be in development, anticipating the final wave.
The first candle completely below the blue channel happens to be a hammer... If the hammer is confirmed, it could be enough to take price to the top of the brown channel. If the hammer is invalidated, next target could be the middle of the brown channel. Note: the color of the hammer's body is incorrect, as the closing price is greater than the opening price....
Hello! Price approaches the top of the declining channel, and what happens? Price starts breaking the rising channel to the downside... In other words, the current rally looks like a counter trend wave, being the major trend a downtrend, as determined by the declining channel, which is the major one. Therefore, it we get price action completely below the rising...
Structure and pattern analysis. The bad news is the rise from March 2009 being corrective... The following "good" news would be the current downtrend being corrective, which would mean one more leg up to finish wave X. The following bad news would be the current downtrend breaching the base of current channel and then turning impulsive, which would mean wave X...
Good evening. It appears to me we are approaching the end of Minuette wave y of Minute wave iv, just like it happened with Minuette wave y of Minute wave ii. The internal structure of the current uptrend seems to me as being a corrective triple zigzag, being each zigzag contained in its own channel, and never challenging the top of the channel, by the contrary,...
The remaining roadmap for my proposed leading diagonal could be like this: 1. One more day to finish Minuette wave w, with Subminuette wave y being equal to Subminuette wave w in price and time, in confluence with a descending resistance trend line. 2. A retrace of 50% in price and time to complete Minuette wave x, in confluence with a descending resistance...
Hello, traders. Current rally since Feb 11 seems to me like this: - Micro wave W: triple zig-zag. - Micro wave X: zig-zag. - Micro wave Y: zig-zag. The internal structure of Micro wave Y appears to me as being finished, having: - Submicro wave C (not visible on the chart) reached almost the size of Submicro wave A. - Micro wave Y...
Two weekly hammers in the last four weeks... having the latter invalidated the former... it seems to me there is someone out there trying everything for price not to leave "the" channel (the red one)... Let's see if the market confirms last week's hammer and manages to reenter the channel and to break previous week's high at 1947.20, cause, if I'm not mistaken,...
I was expecting Subminuette wave c of Minuette wave w of Minute wave iv to complete a measured move (at 1969), but a doji took place at 1947, between the 61,8% and 100% projections (near an important trend line), and was then confirmed by the following candle, so Minuette wave w was done and it was time to go down for Minuette wave x, which Subminuette wave c...
Just a plan, looking for projections based on... ... recent wave structure... ... channeling... ... similarities with my proposed Minute wave ii... ... the idea that the index doesn't want to make a long journey leaving opened gaps behind...
I've just realized that, in the monthly time frame, since March 2000, the only time that bearish price action was verified without being followed by a crash was back in August 2004. Well, now, January 2016 is the first month since March 2009 which produces bearish price action, and I find it much more similar with the monthly bearish price actions that leaded to...
It seems to me the index could just has finished wave 3 of a leading diagonal.
Delicate times... Imagining... After hitting 1735, if the beast just makes a pull back to the TL and then resumes the downtrend taking the 1735 level (instead of making the final Z wave), then, that's it! , prepare yourself for a violent journey till 664. Well, this is just me imagining... let's see what happens, while trading with trend lines wisely!