Another equity chart and another bullish count for one of the UK's largest trusts (holds mostly tech companies). A bit of confluence there on the next top too.....
As I go through my world equity indexes I am seeing, to me anyway, some really bullish looking charts. Of course, this could be a classic contrarian signal but if I'm right.......
It's hard not to be bullish when I see a chart like this. Up, up and away....?
In my run of obscure UK listed ETF's today here's one of 20YR+ US Treasuries. Not sure if this count is suggesting weakness in Pound Sterling or strength in Treasuries or a bit of both.....or another option....it's totally wrong.
Another obscure UK listed ETF tracking German Bunds and another chart with bullish set up in my opinion. Might want to see a bit more of a reversal before getting confident ......
I (kind of) called this uptrend in US treasuries back in a post in July 2018 but it stalled at resistance with this decent correction. Is this now a possible route for treasuries to take in the coming weeks? Perhaps coinciding with a decent correction in equities? Before equities embark on another leg up? Questions, questions.......
Here's a really long term count for the DJIA where I am suggesting that we could be in an extending 5th wave of a 3rd wave of a greater 5th wave. Bullish for a while yet if this count has any merits.....
As always there are lots of ways to count this but I like this count and calling tops in this bull market has been pretty futile so far. Up, up and away.....?
Never ceases to amaze me how these charts exhibit almost perfect EW characteristics at times, in this case with the fib retracements. One thing going against this count is that the EW theory of alternation says that where wave 2 was shallow then wave 4 is expected to be deeper. Not always the case though and I suspect we could well see some further upside in...
Same EFT, a UK listed etf for the SP500 priced in GBP. The chart on the left is in log scale and the one on the right is arithmetic. One bullish while the other channel suggesting a top is already in place. Annoying really. However, looking at other charts in various markets it would suggest to me that it may still have further to run.
Here's a UK listed Robotics etf where I couldn't help noticing the almost perfect the fib measurements and how clear the count is.....bullish indeed or a recipe for disaster? I'm in the bullish camp.
According to this count Silver (priced in GBP) is due a correction but it would also suggest that we can expect a 5th wave up to complete the move. The only question I ask myself in this case is if this is way too obvious and easy and therefore to expect something completely different to unfold.
I posted a really bearish chart on commodities back in 2018 but this chart, while still eventually bearish in outlook, suggests that we might see some strength in commodities at least in the medium term. I have included a very bullish blue count that goes one step further in suggesting that commodities may have in fact bottomed.
Not much to go on here except that the Bursa has bounced strongly on the 23.6 fib retracement after what might be a ziz-zag correction.
Here's a count to cheer up the bulls, eventually. While it suggests that a 5th wave may have been just completed it also suggests that after a decent correction we may see some really bullish price movements in this stock. Interesting to me how all the fib measurements are almost perfect within EW theory. Lets see how it pans out.
For me, a fundamental problem with Elliott Wave is that in my case my mood can shape my count. Gloomy mood equals bearish count, cheerful mood equals bullish count. This count suggests a top in Dutch equities with a decent correction to follow. I am expecting to be wrong........but you never know.
Suggesting some bullish possibilities here for TLT.
Some nice things going on here with fib measurements fitting nicely and a parallel channel that is holding well. Personally, I like the blue count but I have included the red count to suggest a deeper correction could still happen.