This inverse chart of this currency pair would suggest that, despite much consensus on the US dollar weakening, the opposite may in fact be the case.
Things are a real juncture imo at the moment with this count suggesting one more spurt for the Euro (and risk assets generally?) A break of 1.19540 would invalidate the count and suggest that the run from March last year could be over for now.
Perhaps looking for the moment when the market will take a breather is foolish, but here I go again......
According to this count there might not be much more upward movement in the EURO before a decent correction is due. The question that these counts raise is whether or not there is room for one more surge (and possibly equities with it too) or did it complete a 5 wave move already. As always the 3rd option is that I am totally wrong.
Posted a chart a little while back that we might be seeing a end to the Ozzie dollars bullish form. Was I calling a top too soon? Might be and here's another more bullish count to suggest that we may see some continued strength in this pair. More upside for equities too?
Gave up trying to make head or tail of Amazon's long term count but settled on this possibility for a shorter term count. 5th wave imminent?
Having unsuccessfully called a top in the Nasdaq a little while back here I am having another go. Some nice fib confluence here and a count that we may be approaching the end of a wave 3 that began all the way back in 2008. Interesting times indeed.....
Yes, I know....I have been a bit liberal with those wicks to make everything "fit" but after all, EW (to me anyway) is just about possibilities.
Far-fetched? Maybe. But hey...times are pretty crazy. This count suggests that although Tesla may be approaching a top of sorts it might only be an interim one. Perhaps the use of log scale makes this count a touch unrealistic. Tesla 6500? Interesting times indeed.
Some pretty clear waves patterns here so will be interesting see how it pans out. My bigger question is whether or not this was a completed 5th wave going back to 2012 or just a wave 1 in a larger 5th wave that began this year. The answer to that question will decide how long and how deep is the correction. Lots of negativity surrounding this company at the moment...
Posted a chart on this stock back in May this year suggesting that a turn might be coming. Is this it? Plenty of divergence on the RSI and a decent move up. Could be a 5th wave.....Other possibilities have to be considered though so I have included a much more bearish blue count.
Still looking for clues as to when this risk on period might decide to take a break and looking at the Dollar index for clues. Does this count offer a few pointers? Not sure really, although this count suggests that we should see further weakness in the US dollar for a little while further before any decent rally (and possible cooling off in equity markets) takes place.
Looking for some clues as to when this risk-on period might take a breather in the AUDUSD. Is this a completing 5th wave of the move up from earlier in the year?
Published a bearish count on oil a few days ago but am beginning to prefer the look of this much more bullish count. A break above 49.425 would make me a little more confident.....According to EW theory where waves 1 and 3 are equal (as in this count) then we might expect an extended 5th wave.....
Might be a bit foolish trying to figure out counts for this rocket ship but here's a go at it anyway.....
Some decent fib ratio confluence here but as always, multiple possibilities and always sticking your neck out betting against a trend as strong as this one......
Might we see a bit of a rally in the USD? This count reckons there may be one decent leg down before a much more serious correction.