There are so many alternatives to this count that it isn't funny but perhaps this in one of the possibilities for the DAX.
Title pretty much says it all. If the bullish price action continues this week then maybe I can give these counts a bit more credence. Some decent bullish divergence on the RSI to back it up. A more bearish alternative count would be to see the correction continue down to my median line on the pitchfork.
Calling a bottom in the Pound? Crazy perhaps, but you never know. Finding a count within the medium price action has not been easy for me but this might be a solution.
A possible count for base metals? Probably too early call it off one bullish weekly candle but I will be keeping a close eye on this chart. I have included 2 counts for the correction beginning January 2018 but I'm not particularly confident in either.....in the red count the C wave is too long and in the purple count the C wave is not clearly defined.
You never know. For me, EW is not about certainties as there are no certainties in the markets (except perhaps the downward direction of the Pound!) but is this a possibility going forward? Might be.
So here's the question...... Are we just observing a series of very bullish 1-2, 1-2's to be followed by a booming wave 3 or was the move up from 2009 a B wave as part of a deeper flat correction (expanded or running , could be either)? One thing is for sure, where we are now with that line of major resistance, certainly makes for a make or break situation in the...
Probably too early to have much confidence in this count, especially with that large red monthly bar, but is this count a possibility for the energy sector going forward?
Both of these counts call for a decent correction in the short to medium term. However the blue count calls for a deep and protracted correction while the red count suggests that there may still be another leg up. Does anyone know which one it is? (Apologies for my attempt at humour in the title.)
Lots of bearish sentiment out there at the moment but this count would suggest that there may be some upside for UK mid caps. Some divergence on the RSI too.
A couple of bullish counts for this Nasdaq stock suggesting that while it may undergo a much deeper correction this is part of a continued uptrend. As always, time will give me an answer.
This count shows a long and complex wave 4 correction coming to an end on the 38.2 fib retracement. With precious metals showing some decent upside recently and even industrial metals showing some signs of a bounce then I shall be watching for any further signals that the mining stocks are starting to follow along.
Here's a bullish count for US steel. I often call my bottoms too early so there may well be another down leg but time will tell.
The US dollar has once again bounced against the trend line of a pitchfork with it's origins all the way back at the 2008 bottom. Will we see the dollar bounce once again from here or is it time that this trend line breaks? If someone can tell me I would be grateful as I haven't got a clue. However, I have included 2 counts showing how I see it possibly playing...
Still room for some equities upside according to this idea.
If the red main count is right then we could expect some decent downside in this ASX listed stock. As usual, I have included a diametrically opposite alternative blue count to suggest there may be another leg up, but I reckon it would have to turn around pretty soonish to have any validity.
Was looking through some AIM100 stocks today and saw quite a few like this one that could just possibly be setting up for another run higher if this count has any merits. There have been some monster winners on the AIM exchange these last few years with the added bonus of no stamp duty (dealing tax). Perhaps that why people like to trade them....
The UK investment industry is being battered at the moment from fallout concerning the recent gating of a so-called "star managers" fund. Hargreaves Lansdown, one of the largest financial service companies in the UK is caught up in the storm. This very bearish count suggests the possibility that it could have just completed a 5th of a 5th and the game could be up....
I might be being a bit optimistic here with the recent negativity surrounding financial markets and the outlook for the UK generally but I posted a couple of profitable ideas on this UK share back in 2017 which despite the count essentially being proved incorrect, I was still able to make money off it. Lets see if I am right again with this suggested count or not.