ruebennase

ruebennase

Hello Traders, Hang Seng has met the 28634 area for the second time the past week. It looks like a „double-top“ in progress, but the odds do favor a more up move in the coming hours. If so to come, the target area is at 26744, which is a 1.618 Fibonacci Extension and the zone at 29137, which includes the range for a wave ((3))! Short term the level of the wave (4)...

ruebennase

Hello Traders, WTI (Spot) has achieved into the target range of $60.- a barrel (green rectangle at chart) and reversed after some sideways action. The drop of the high looks to my view impulsive and the slope of the decline too. So, I think as long the high at $59.74 is valid, the focus is to the downside with a target price of $56.559 a barrel, which is the wave...

ruebennase

Hello Traders, NIFTY50 has advance to a new high today (@ 11871.60 and achieved the cited target @ 11843 as of my last analyze. This move to new highs and the pullback to 11651 before, that not dropped below the low @ the wave „5“ of (c), make the odds high, that we are running in a series of „one`s and two`s“ within a wave „3“ of one higher degree. The alternate...

ruebennase

Hello Traders, WTI is running up within a countertrend to the range that I mentioned as of my last analyze ($57.-/$ 58.- area). It also achieved the 0.618 Fibonacci of the decline after a wave (iii) was done. This is a large retracement, but still valid. I have marked a possible target range at the chart with a green rectangle. This includes a wave „ii“ high of...

ruebennase

Hello Traders, Hang Seng is progressing in a wave (5) of ((3)) to new highs, since the low at 26671.90! This move is running in a trend channel. The possible wave (4) low @ 27986 has met the wave „4“ low of one lesser degree and it retraced a bit more as the 0.382 Fibonacci of the advance within a wave „3“. So, a common target cluster for this move has...

ruebennase

Hello Traders, the conclusion as of my last analyze did not play out. Either a triangle occurs nor a flat was to develop. Instead, WTI pushed to a new countertrend high at $57.761, which makes this move a possible wave ((3)) of „c“ of (iv). If so, short term, a pullback to a 0.382 Fibonacci @ $55.34 zone is possible and after a push to a final high at or around...

ruebennase

Hello Traders, as of my last analyze, BYND declined from $169.69 to $154.55closing basis. It did this with a „gap-down“ and find support at a massive shelf, marked with the blue trendline and the blue arrows. Short term it is possible that BYND will countertrend and closes the open gap above, ranging from $165.20-$156.94. The decline from the ATH has retraced...

ruebennase

Hello Traders, not much new to add for N50! Wednesday low was set at 11625.20 and the uprise since than is not a clear „five-up“. Also to observe that the termination point of the uprise (@11843) was in the price range of a wave „4“, which can make it countertrend. Note the „outbreak“ above the upper channel line and the pullback to it. If N50 is able to push...

ruebennase

Hello Traders, on May 15 I published this forecast for „Canopy Growth“ (CGC), a Cannabis stock. This is an example of a missed forecast and the importance of consequent Stopp loss management. Read the forecast by following the link below: Nearly five weeks later, the picture for CGC has changed. The stock may have bottomed in a wave ((z)) of ((ii)) @ $38.38 and...

ruebennase

Hello Traders, Hang Seng has pushed to a new high this morning @ 28517.90 and achieved a wave „4“ level which is often a common target range for a move in EW terms. So it might be possible that the advance will move slightly lower or sideways to create a wave (4) and thereafter (if so) a push to new highs is next to occur. I have idealized a path for a possible...

ruebennase

Hello Traders, N50 achieved a new intraday low @ 11625.20. That makes the decline from the wave „B“ high (@12000.3) a „five-down. In other words:“..a „c-wave“ that completes the decline. Wave „((2))“ as per my count is done or need one more down sequence to do so. If so the next move is a strong wave „((3))“ up to new ATH`s! The alternate view is, that N50 will...

ruebennase

Hello Traders, BYND (Beyond Meat) has closed the open gap, ranging from$168.26-145.25 by trading from June 10-11! Interestingly it did with another gap-up. As you know, gaps did not occur randomly; they occur at the beginning, the middle and the end of a trend. So per my updated chart, it could be possible that BYND has finished a wave „3“ of Minute degree or is...

ruebennase

Hello Traders, WTI has achieved my target range at the green box, as I mentioned as of my last analyze. This move makes it either a „flat-pattern“ or a „triangle“ in progress, `cause both indicate a sideways moving market. As long as both are possible I will follow the path for them. Later that day, Oil inventories to announce and I think they will have an impact...

ruebennase

Hello Traders, at today`s session, N50 has achieved into the target range of 11666, the low was booked @ 11658.65. As per my count @ 11666 wave (C) is equal to wave (A). Interesting to know is, that the a/d-Ratio as of the past two days was @ 0.17 and 0.09 or in other words, for every one stock that was bought 7 and 11 stocks were sold! These are reading that...

ruebennase

Hello Traders, Beyond Meat--> the hype to that product the company is selling and also producing is amazing! Also in Germany, it starts to increase in demand and supply. But what tells us the chart. Here is my view. Let`s go. Since the first day of trading, BYND increases a phenomenal percentage and it is on the way, to become a „ten-bagger“! We can observe at...

ruebennase

Hello Traders, today I´d like to show a mid-term chart for Hang Seng, and I start at the low at Feb`2016. The first week of Feb`16 Hang Seng made it`s low @ 18627.51 and start a multi week advance to the ATH @ 33484 in late January`18. Since than Hang Seng has retraced this advance near a 0.618 Fibonacci (@24087) and reversed sharply after. ! The advance since...

ruebennase

Hello Traders, as of my last analyze, I wrote the following:“...If WTI exceeds his weakness, another target range is around the level of $51.139 a barrel, a low from Jan 28 and Feb 11! These lows (observe daily timeframe) represent the 0.618 Fibonacci of the advance from 42.206-$66.466! So this exactly happened. The low was set at 50.452 intraday, the closing low...

ruebennase

Hello Traders, NIFTY50 makes a new ATH on a closing (12092) and intraday basis (12103) on June 3rd! Since then, N50 is declining in a „five-down“, which is wave (A) of a ZigZag and the countertrend from 11769-12000 is wave (B), with a decline in wave (C) to follow. The range for this count is at 11666, were wave (C) is equal wave (A). But from 11666 it is...