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sciencei Updated 

The Elliott wave structure looks incomplete to the upside. Moreover, the entire retracement from the end of May low looks way too small in relation to the typical Fibonacci retracements. Last but not least, the channel support within the grey channel to the upside did its job and produced a rejection. All in all, the trend continues most likely up unless today's...

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The S&P 500 Elliott wave structure remains bullish. Either the trend continues straight on towards a new all-time high or we might see some more sideways extension before resolving to the upside. Both scenarios appear equally likely at this stage. A trend following strategy inside the yellow trend channel looks like an attractive risk/reward from our perspective....

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The short US Dollar trade and long GBP trade both come from severely overcrowded conditions. Speculative positions were caught off guard by the sharp reversal, which takes nearly a month as we publish this. It resulted in position unwinding. The GBPUSD Elliott wave structure is approaching a relief bounce. Momentum is diverging already. This signals that the...

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Patience is now required for another attractive risk/reward trading opportunity. It will most likely arise as soon as we see a 3-wave bounce on the upside.  The EURUSD is most likely approaching another relief bounce. We see a divergence in our short-term strength indicators.  Our two preferred scenarios are depicted in the very first chart below. Both show a...

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One word of caution about the Swiss “Vollgeld” referendum this weekend. The Swiss public is voting on an initiative that basically requires banks to fulfill 100% reserve requirements. Effectively the monetary multiplier gets passed on to the Swiss National Bank. This is quite an event and may send serious shock waves through the market. We are reminded of early...

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The Nasdaq does not look done to the upside. Momentum indicators confirm new highs. This shifts odds towards the black scenario. Nevertheless, the double-three combination remains possible. It is highlighted in red. Basically, the correction gets extended sideways within the red scenario. Sentiment readings are not signaling towards short-term overcrowded...

sciencei Updated 

Gold hangs around key levels after a potentially complete correction into minuette wave (b). Moreover, the rebound from this month low is inconclusive as we publish this. It looks overlapping and thus correcting but could still morph into a motive wave. The asset is approaching a trend intersection between the 1.5y contracting diagonal support and pale gray short-...

sciencei Updated 

The wave pattern may have traced out an ending diagonal since mid-May. This could be either part of a double zig-zag (red count) or just finishing minuette wave iii (black count). We suspect to be near the most significant bounce in Q2/2018 if we are dealing here indeed with an ending diagonal. The pattern is dead if 1.1544 trades to the downside. We would expect...

sciencei Updated 

Crude looks like it went up too fast and too far. The latest price action looks like a wedge within a wedge. A correction is likely. This particular trade idea shows a 2.5 / 1 Reward / Risk ratio. S/L & Target are within the green/red box on the chart. Good luck guys!

sciencei Updated 

Odds that the red scenario plays out are gaining traction rapidly. We mentioned the importance of the horizontal blue band in our April 12th update here. The nearest WTI contract came back below that band. The drop looks overlapping and thus corrective. It came close to a 38.2% Fibonacci level. The subsequent rise over the past hours looks impulsive. It A...

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The S&P 500 Elliott wave structure is at an interesting junction. We have three possible scenarios on the top of our list. The main conclusion remains that all of them are likely to resolve to the upside. Our preferred interpretation is depicted in black. It forms a 1-2-1-2 setup after a completed double-three correction into minor wave 4. That version looks best...

sciencei Updated 

The EURUSD is most likely within a relief bounce that is part of a third wave of minuette degree. We expect to see a fade of this bounce very soon. Alternation guidelines suggest a sideways pattern into subminuette wave iv. All wave action should take place well within the red downside trend channel. The green trend channel should function as resistance. The...

sciencei Updated 

The Elliott Wave count for the two most probable wave structures terminates either here or a few points below here. We are dealing here most probably either with a triangle or with a complex double three correction. That's a BTFD! S/L : Early Feb. low Targeting all-time highs. Good luck on this one!

sciencei Updated 

This is based on a triangle breakout. Look at the S/L & target levels on the chart. It is a 1/3 Risk Reward trade idea. Good luck guys!!!

sciencei Updated 

Guys, gold may be setting up a flat pattern. It is targeting into the 1295-1310 area. Wait for an impulse to complete along with decreasing momentum! This results into a tight S/L setup leading to a 1:6 Risk / Reward trade. We have to be a little patient here to pull the trigger.

sciencei Updated 

Guys, crude shows a potential breakout setup. The blue horizontal bar forms S/R, which formed from the previous wave (summer 2017-Jan. 2018) high. Anything above that bar breakout setup territory. We have already seen a retest of that area. If crude is up to significantly higher levels, the time is ripe for takeoff now. The light green trend channel should...

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Guys, first of all, we are proud to share that our ideas here on Tradingview amounted to more than 250% return in just 4 Months. This is awesome and we hope that many of you profited from them! Now let's get to our latest one: RRRRRRipple We may see here a high confidence trade setup in Ripple! Look at that pattern we're in. It looks choppy sideways. It is...

sciencei Updated 

US equities corrected the April swing to the upside during the past few days. Some followthrough of this correction would result in a better S&P Elliott wave fit. However, this is not required. The most important equity index worldwide may carry straight on from yesterday's low to the upside. The swing from last week's high, minute wave i(circle), into...