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It apears that DAX is likely to crash as it has formed a beautiful head and shoulder pattern. It is possible but I think DAX is less likely to break to the downside because: (a) DAX is completing the complex fourth Elliott wave which has retraced back exactly 38% of the third bullish wave started in June 2016. It is now likely to move up in the fifth wave. (b)...

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NASDAQ chart is providing many indications of a major correction in the near future. NASDAQ has been moving up in the purple channel since 2002. It crashed by 76% after it tried to touch the top of this channel in 2007. Now again NASDAQ has touched the top of this channel- only the second time in 16 years - tried to move above it but has since returned back to...

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ASX 200 started a new five Elliott wave structure after the completion of correction in Februrary 2009. It has since completed four waves on a monthly scale and is now running upwards in its fifth wave which is likely to terminate around 6800 and go down to around 4500. Why do I think so? If we zoom in in the period from February 2016 when the fifth wave...

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SPX500 head and shoulders pattern. Target 2750. Note: It is not a trading advice.

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Hang Seng index has been correcting since late January along with other stock markets. I consider the first drop to 29000 levels as wave A, the later triangle pattern as wave B and the latest break of the triangle as Wave C of the Eliott wave ABC pattern. IF this wave count is correct, then Hang Seng could drop to 24000 levels in Wave C (if wave C = 1.62 times...

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NASDAQ started its correction at 7530 as expected. Please see a post below predicting the correction to start around 7500 level. How low could NASDAQ go before moving up? There are two possibilities: Scenario 1: If the first wave from 7530 to 7360 is the A wave, then the correction is likely to end at around 7200 (less likely). Scenario 2: If the first...

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Russell 2000 index has been moving up in a sequence of five Elliott waves since 2009. This progress is coming to an end in a few months. It has completed four of the five major waves on a monthly time frame (dark blue). The fifth wave that has been in progress since 2016 has already completed four of the five waves. It is currently going up in the fifth...

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NASDAQ is moving exactly as predicted in my post of 13 June (open the following post, load new bars and enjoy!). Now NASDAQ is going up in Wave 5 - as predicted in that post. It may undergo a correction in sub-wave 4 of the fifth wave tomorrow (which could take NASDAQ to 7200-7250) before moving up in the last wave to about 7450-7500. This will complete a pattern...

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It's amazing to see NASDAQ moving exactly as predicted based on Elliott waves! I posted the following chart making a prediction about 'wave iv' when 'wave iii' was progressing. As you can see, NASDAQ followed exactly the chart and is now moving up in 'Wave v' as predicted. I did not change anything in the chart except that it is on a 2 hour time frame to make the...

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Wave C appears to have started after the completion of wave B at 10894 - very close to the predicted level of 10850 (see below). Wave C could go down to 10400 if Wave C achieves equality with Wave A or to 10070 if Wave C is 1.62 times Wave A. I will update the targets after the completion of wave 2 of C. Note: This is just for my own future reference and is not a...

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NASDAQ is in the final stages of the third Elliott wave which started at 6460 (dark blue). It appears to have already completed four minor waves (green) and is currently in its fifth leg. Further, if you drill down, you would notice that the fifth green wave has also completed four minute waves (pink) and the fifth pink wave has completed three sub-minute waves...

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Cryptocurrencies are giving a false impression of moving in a random manner but are in fact forming a triangle pattern! The triangle could break on either side but I think it is more likely to break to the upside as the triangle seems to be the B wave of an ABC pattern. The C wave would be equal in length to the A wave or 1.62 times the length of the A wave. Keep...

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Bitcoin has been correcting in an ABC pattern since December last year. Five waves of the A wave were completed at around 6400. The B wave started at this level. The B wave itself is made up of smaller a, b and c waves. I correctly predicted the start and the target of the latest correction wave (see some charts copied below). Now, I think that there are two...

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Nifty appears to be correcting in an ABC pattern (bigger pink wave). It has completed the A wave and is currently going up in the B wave. B wave is expected to first first take Nifty down to around 10500 and then up to around 10730 (or at the most 10850) where wave C is expected start. Wave C could take Nifty down to 10220 though this level would also depend on...

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NASDAQ appears to be moving in an ABCDE corrective pattern. It has completed four legs and is currently going down in the E wave. Wave E should be made up of an ABC sub-wave. Currently, wave 2 of the wave A is in progress (red wave) which can have another short movement up on Monday to 6950, from where it could go down in the third wave.

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Ripple started correcting from a high of around 95 cents. Using Elliot wave theory, I created the following chart on May 6 indicating that Ripple could go down 68.7 cents when everyone was bullish (see the chart below - load new bars to see the magic!). Later I called the start of B before it actually started and predicted that Ripple could go up to 85 cents (see...

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SP 500 is correcting in an ABC pattern (see my previous posts below). It seems to have completed the B wave and now appears to be in Wave C which could take it down to 2685 if Wave C is equal in length to wave A. Dow Jones and NASDAQ are also moving down in a similar pattern. Correction idea published on May 11 ABC pattern idea Note: It is not a trading advice.

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SPX is correcting in an ABC pattern as I expected (please see my chart below). A wave is now complete and B is in progress which is likely to take SPX to 2720. C wave could start at that price level and take SPX down to 2680. Interestingly, this level also coincides with the top of the triangle (dotted green line). SPX could retest the apex of the triangle and...