DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
BANK OF AMERICA CORPORATION COMMON STOCK, SPDR S&P 500, SPDR SELECT SECTOR FUND - FINANCIAL, AURIS MEDICAL HOLDING AG - COMMON SHARES, ADVANCED MICRO DEVICES, INC. - COMMON STOCK, INVESCO QQQ TRUST, SERIES 1
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
The E wave (triangle) seems to be complete. This is the end of the primary wave four correction. We should start the move higher as primary wave 5 unfolds in the coming months.
Small EW count update... Possible triangle for wave Y. It is close to completing the pattern. A triangle is the final pattern in a WXY correction
as a WXY correction, primary wave 4 may already be complete! If so, primary wave 5 should start soon?!
The triangle idea has already been invalidated on the bitfinix chart. Here is my alternate count. The (C) wave as an ending diagonal.
Wave III is never the shortest wave. In this case, 80K is the minimum level
I believe we are still in a contracting triangle. it is just going to take some more time to complete the (D) and (E) waves
I updated the chart. hopefully 24K by august
market found support at the A-C trendline hopefully the zigzag has completed
e-waves often under-shoot or over-shoot the A-C trendline. if it does over-shoot it must not exceed C
cycle III target adjusted to 89,000 on Feb 5 2019 (the channel depends on where the E wave/primary 4 ends)
im also reducing the triangle's thrust target to 25,000 due to wave (E) price ...
I think wave (E)'s zigzag is nearly complete. double bottom or slightly lower for sub wave (v)
it is often the case wave one equals wave five (7152)
This is my other wave count of wave (E). No diagonal C wave here.
Please note wave E must be a zigzag so there isn't many options to choose from. The structure is 5 waves down, 3 waves up, another 5 down (5-3-5)
the duration of both corrections primary 2 and 4 are exactly 157 days today
see the highlighted areas in green
is wave (E) complete? we shall see in the next few days
just a minor update/correction of wave count for the 2h chart. basically the market cannot dip below the red box. 7618 is the down side limit because wave v must be shorter than wave iii for the C wave ending diagonal
this is the usual way of measuring the triangles thrust target. measure vertically from the origin to the dashed A-C line. that gives us about 28K. that's a good level for wave (1)
the dip below the i-iii line is called a throw-over. wave v often ends before touching the dashed line or in this case beyond the dashed line (throw-over). wave (E) seems to be complete. we may have one final fifth sub wave of (c) slightly lower (see 30min chart) but this is it. primary wave 5 should start shortly
i wasn't too happy with the shape of the diagonal i posted earlier. this one here is more likely a better count and has the right "look"
one more low coming up for the final fifth wave of this ending diagonal (wedge shape)
the C wave seems to be an ending expanding diagonal. that's why there was overlap between i and iv
the minimum target for wave v is 8102 which it achieved already (wave v should be longer than iii in expanding diagonals)
The first wave of primary 5 is a leading diagonal. This pattern usually is deeply retraced
C of (D) seems to be complete as can be seen; five ways up. A 50% retracement of (D) is quite reasonable for the (E) wave.
Note, primary wave (circle) 4 and primary wave 2 seem to be of similar duration as shown on the chart