Looks possible that this is developing into a flat or expanded flat correction which may see this stock correct further before heading up again......perhaps. My 3rd wave was just a tad short of the 1.618 extension so perhaps the 5th wave might even extend. With this stock.....anything is possible.
This index has really powered up since December but the question I ask myself is if my wave 4 finished already at just above the 23.6 fib as shown by the blue count or was it a bit short there and this surge up is all part of an ongoing wave 4 unveiling as an expanding flat. Tough one really. Whichever way I look at it though it looks like there is still upside in...
Pretty obscure I know, but a popular trust for UK income seekers paying an over 5% dividend. My Wave analysis suggests there more be more downside before we see any decent rally or continuation on any uptrend in this trust.
This is an alternative count to one that has already called a top in the DXY but could be just as plausible depending on where you sit on this currency. I'm really in two minds (as usual) but what happens next should help make up my mind.
This one will probably let me down right at the end of the move but I have attempted to show how this 5th wave has taken on board many facets of Elliott Wave. The principle of alternation in the two corrections, the fib extensions and the otherwise clear nature of the count. I am expecting another, final leg up to complete the 5th wave and this text book example...
The blue count is my preferred count which would suggest a 5th wave is due any time now, but I haven't discounted the orange count which could suggest a much deeper correction before it continues upwards. I will be looking for signs that the correction is over before getting involved in this stock.
Never can be too sure where the correction may end but the 38.3 might be as good a place as any......if correct, there may be some upside in this stock.
As with any longer term predictions the chances of it following the plan are pretty remote but this take sees world equities continuing there excellent run for some time yet. It looks to me that my 5th wave is extending but with most of the world's equity markets undergoing a correction of sorts at the moment this could be an end of a wave iii.
Caught very much in two minds as to the likely outlook for this market although EW theory would suggest that after a rally perhaps I should be looking for more downside as it is perhaps shaping up into an ABC zigzag after a pretty clear 5 waves up and 5 waves down......or then again....is this just a series of 1-2, 1-2's?
Further to my July count for this stock I have revised the count slightly but it is still going to plan. According to this count I could expect some further upside but it may be getting more risky with every passing day. Difficult to say in this market though and betting against it hasn't gone well for the bears....
The EW count is pretty dubious but this stock is still showing life as it posts a breakout here. Reckon it might still have some room to run up before any serious correction.
I did some analysis on this stock back in January that worked out pretty well and am watching to see it if it now is ready to embark on a 5th wave or not. I'm not convinced that the correction is over and there are definitely some bearish alternative counts but who knows.....it might still fly up one more time.
Might be a bit too early to call an end to the 4th wave correction but this analysis suggests that there should be a 5th wave to come some time soon.
The Pound is hitting a major trend line from 2014 right about now as well as the median line on my modified pitchfork . Should be worth watching what it does next......
I did a chart a while back on this calling a top and it blasted higher so you'd think I'd learn but this chart suggests that 5 waves may be very near to completion and so a decent correction could be expected. I like the way that over and over again the same fib numbers come into play as they do here and the pitchfork has acted as a barrier on a number of...
The UK banks never really recovered after the 2008 financial crisis but this count could be positive for this UK bank. Thanks for TipTVfinance for the heads up.
A number of factors point towards the possibility of a decent correction for copper (and Emerging markets with it?). The parallel channel, the fib measurements and the relatively straightforward count all suggest to me that there could be a prolonged period of downside here. Not shown on the chart is that Copper has also failed at it's R2 yearly pivot.
Having soared to the heights this year it looks to me like this UK real estate stock could have further to fall.