Palladium has rallied strongly since a swift A wave down and I reckon this could be shaping up for a classic zigzag as this count suggests. Palladium has a decent correlation with the Nasdaq so if this count turns out to be right then we might also expect a good showing the US equities once again some time soon.
Yeah, yeah. I know with hindsight this investing/trading lark is pretty easy but I did think, when I looked at this UK company's share price today, that EW might have helped any investor with their decision making. The fib extensions are almost perfect and the 5 wave impulses seem pretty clear to me. It's even got alternation between a deep 2nd wave and shallow...
Here's another chart from the UK markets this morning that could be viewed as constructive with a decent rally off the lows of nearly 25% in the week. This is a popular investment trust for UK investors. The count seems quite possible although my 5 wave count down for the C wave is a bit tenuous but with all that's going on I shall be watching this count carefully...
To say that I am struggling to work out what is going on with the Pound longer term is something of an understatement but betting on it weakening has been good bet for the last 6 years or so. With that in mind, here's a bearish short term count suggesting that we may be embarking on yet another run of Dollar strength (US equity weakness?) to complete a wave 5...
As I go through some indexes on a Sunday evening some bearish patterns seem to leap off the charts at me. Maybe I have been reading too much bad news in the press as these patterns would suggest some pretty cataclysmic moves going forwards. Maybe however, the optimists will win out again so I have included a more bullish count in the hope that I will be wrong.
Price action of the last few weeks has really opened up all sorts of possibilities regarding chart patterns going forward. Is this count possible? It suggests that while there is still room for further decline in this index this could be followed by a pretty decent uptrend.
Take your pick folks.....one count (blue) calling for a wave 5 to follow on from a completing wave 4 correction while the other (red) suggests that party's over and we have begun a protracted correction/decline after the completion of wave 5. I know that EW theorists aren't supposed to pay attention to the news but there sure is a lot of the bad variety around a...
I've been going through the indexes looking for any clues they might offer and came up with this count for the Nifty 50. The big question for me is whether this fast wave down is an A wave to be followed by a B wave rally and another wave down as C or if this in fact already the C wave. I wish I knew.....
This is a popular Biotech investment trust in the UK and it has rallied nearly 20% this last week. Start of wave 5 or a monumental bear trap? That's a decent rally for sure and this count is suggesting that it may have a wave 5 in it. The only real question for me is does it need to correct further or is rockets away.....
Couldn't help noticing this incredibly long flat correction for this UK plc with a possible (if not a little tenuous) 5 waves up from the lows.
I'm not that convinced by this count but the Nikkei has gone up like a rocket these last 3 days and that can't be ignored. So here is a bullish count that suggests that we may have embarked on wave 5.
Still looking for clues as to what's going to happen next and as usual coming up with multiple possibilities. I like this blue count but have to consider the red count too....
As I go through my charts this morning I can't help thinking that this great bull market may, just may, have legs on it yet. Although, as I have said before, with EW it sometimes depends on the mood I'm in as to the bullish or bearish nature of the count. However, this count would suggest that we are now in a 4th wave correction that may be a) finishing soon or...
This indicator has proven a fairly one as to turns in the market over the years and if (and it is a big if with the situation ever fluid and the US chucking literally trillions to keep the economy afloat)) but if this Covid-19 pandemic does send the US into a recession and the unemployment rates up with it then perhaps we shall have to start looking for a more...
I posted a chart of the Dow earlier today showing a few more optimistic possibilities for this index and by proxy most equities around the world but I couldn't help noticing these really scary fib measurements with relation to Elliott Wave theory.......wave 5 equal to wave 1.......oops....that's what we have here according to this count. Lets hope I'm wrong. I...
It's a bit messy I know but I wanted to include the apocalyptic count in as well (yellow) even though I don't really believe in it. For me, the red count makes the most sense so I will be looking for this index to bounce hard sooner rather than later before having a further decline. In the longer term I am till optimistic that we might see a 5th wave.....
This big UK tech-focused investment trust has been very popular for UK investors these last few years however it has now taken a tumble like everything else. Two counts here, one a bit more apocalyptic than the other. The blue count suggesting a deep 4th wave correction while the red count suggests the end of a 5th wave with a much bigger correction due.
As I look through the carnage that most US stock charts this morning here in Asia this one caught my eye. Two possible counts, one already calling a bottom (unlikely) and the other suggesting one more leg of weakness (slightly more possible?). The third option is that this company goes bust and heads to zero. I've added it to my watch list just in case.