As ever, I am only looking at possibility and despite weakness in the indexes this seems a promising pattern.
Ummmm. Possible? With everything going on with Boeing at the moment it's perhaps possible that investors could fall out of love with this stock. Have included a more bullish red count as well, after all, the trend is up but even that count still requires a decent correction.
Deere & Co has just broken out of a multi-year consolidation, which to me is bullish. My analysis would suggest that we are most definitely in the 5th wave and maybe even a 5th of a 5th so caution is the order of the day. My count on this 5th wave which started in 2009 is doubtful but possible. However, EW suggests that the boundary of the parallel channel could...
Looking for clues from different indexes as to how much life this latest impulse/rally is going to last in the world equity markets. This count has a fair bit going for it with some confluence from Fib levels and some alternation from the corrections. If this is correct then I think we are embarking on a 5th of a 5th now so will will be looking for its completion...
According to this analysis we have either just completed a 5 wave impulse and are undergoing a decent correction or we have completed wave 3 of an impulse wave and are now undergoing a wave 4 correction, albeit a smaller one. Whichever way, this would suggest a bullish outlook for Chinese equities.
US equities have been heading up in more or less a straight line since Christmas. This count is looking for clues as to where the market might draw a breath. Reckon there might be more upside before we see any serious correction though. Probably a lot higher than I suggest here too.
Oil with room to run? Or am I being too optimistic with this count?
Lots of 5 wave impulses here but so difficult to call a top and I personally think that while we may be due a bit of a correction there may still be upside to this equity market going forward.
Looking through world equities for clues the ASX200 is perhaps offering the cleanest waves to count. This interpretation suggests that we are in the 5th wave of this upwards move since December 2018 and that there may still be some room for a 5th wave to run. Lets see if it can break through this 6300 level.....
Trying to make head or tail of this advance is not easy and as always, there are lots of different interpretations. This count reckons that there's still some upside to this rally/impulse/whatever it is but is suggesting a possible (interim?) top at a point where two 61.8 fib extensions meet a trend line. Let's see what happens.
I did a chart on this one back in July, 2018 calling for a bottom in wave 4 and a resumption of the uptrend. I was a bit too early on my bottom call but sure enough, it has resumed upwards with the rest of the market since the beginning of the year and did so at almost the exact level of the wave 4 of higher degree. This count suggests that the rally/impulse could...
I posted an idea a while back (2017, February) positing a top for this stock that turned out to be correct-ish. However, I called that as a top of an extended 5th but now I'm not so sure and reckon that it may have in fact just been the end of a 3rd wave and what we have just witnessed is simply a deep 4th wave correction. If correct, it would suggest that there...
Here's a count suggesting that the Euro might be about to show some strength against the Dollar. Not much to base it on to be honest except a bounce on the 61.8 fib retracement with a few other fib measurements perhaps lending it strength.
To my way of looking at things it might be about to hot up in the FX markets. Following on from a bullish EURUSD count here is a count suggesting that the correction may be coming to an end in EURGBP with the Euro about to set off again higher. I have a habit of calling bottoms too early so lets wait and see how this one progresses before getting too confident.
Another popular UK investment trust that shows that the correction is over and stocks can resume their merry climb......perhaps. Walls of worry and all that......
This median line of the pitchfork has offered pretty strong support over a number of years so I have posited a count here that shows a possible bullish way forward after perhaps another drop to the 78.6 fib retracement. Would be a brave man or women to buy it here after the price action of late but will be interesting to see if it can at least start forming a base...
Here's a bullish count to brighten up any bulls day that lives somewhere cold and dark this January. Of course, it would really brighten up my year if it in fact comes to fruition but we will have to wait and see. (Most of the fib extensions/retracements are in the arithmetic scale but I have included a couple of (hopefully) logarithmic fib measurements too using...
I posted a chart on this etf back in July suggesting that a top could be approaching and got lucky with that count. Does this count have any merits? Who knows. But as ever it could be a possibility and with the price action of the last few days anything is possible.