wavepatterntraders

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About me Practicing Elliottician since 2005
Online Joined Asia Nouf_wpt
To be there for the good times you have to be there all the time - Ben Lichtenstein
Markets Allocation
31 % forex 31 % stocks 15 % indices 23 % other
Top Mentioned Symbols
EURGBP 15% | 2 BTCUSD 7% | 1 DJI 7% | 1 LUV 7% | 1
CAT: Elliott Wave Analysis of Caterpillar (CAT)
32 0 6
CAT, W
Elliott Wave Analysis of Caterpillar (CAT)

One way to suggest the end to an impulse wave, bulls need to be cautious as the recent gyrations could also be suggesting an ending diagonal

wavepatterntraders wavepatterntraders EURGBP, D,
EURGBP: Elliott Wave EURGBP Ended a Flat Correction?
42 0 4
EURGBP, D
Elliott Wave EURGBP Ended a Flat Correction?

If wave (C) of a flat correction has ended, then we should see a swift reversal. Flat patterns are notorious for getting traders bullish & bearish at the wrong time, as most think that the move will continue, when it fact its the end to the move. Its not perfect, but wave (C) does have 5 waves. If the idea is correct, puking time!!!!! An impulsive move lower is ...

LUV: Elliott Wave Montly Southwest Airlines (LUV)
21 0 3
LUV, M
Elliott Wave Montly Southwest Airlines (LUV)

The move from the 2009 lows counts cleanly as a potential impulse wave (5 wave advance). Over the coming months I suspect holders of this stocks wont be "LUVing" this stock. If its close to ending 5 waves then a correction in 3 waves is favored soon, although its a monthly chart so it will take a while to eventually correct. My best guess is that we see a decline ...

wavepatterntraders wavepatterntraders EURGBP, D, Short ,
EURGBP: Elliott Wave EURGBP Ended a Flat Correction?
41 0 3
EURGBP, D Short
Elliott Wave EURGBP Ended a Flat Correction?

If wave (C) of a flat correction has ended, then we should see a swift reversal. Flat patterns are notorious for getting traders bullish & bearish at the wrong time, as most think that the move will continue, when it fact its the end to the move. Its not perfect, but wave (C) does have 5 waves. If the idea is correct, puking time!!!!! An impulsive move lower is ...

JNJ: Elliott Wave Johnson & Johnson (JNJ)
60 0 8
JNJ, W
Elliott Wave Johnson & Johnson (JNJ)

The weekly chart appears to count cleanly enough as a 5 wave advance, so we can suggest an impulse wave is close to completion. If the bull cycle from the 2009 lows are close to ending, then a substantial correction is expected, I would favor at least a move back to the previous 4th wave at 85.00 or lower

wavepatterntraders wavepatterntraders GBPUSD, 30,
GBPUSD: Elliott Wave GBPUSD 30 min
53 0 3
GBPUSD, 30
Elliott Wave GBPUSD 30 min

From 12977 it looks like an impulse wave is close to ending, a bounce in 3 waves that remains below 12977 will offer a setup to sell against against 12977 stops, a 3 wave bounce is the key element to the sell setup.

wavepatterntraders wavepatterntraders DJI, 120,
DJI: Dow Jones Industrials B wave Top of an Expanded Flat?
84 1 1
DJI, 120
Dow Jones Industrials B wave Top of an Expanded Flat?

If the market is close to ending a B wave of an expanded flat, then I would expect it to top around current levels, a strong/impulsive decline back under 21100 would be a good start, a small 5 wave decline would also help on a 15 min t/f The more bullish case (not shown) is the start of a strong 3rd wave breakout. This current labeling would be a nasty bull trap ...

wavepatterntraders wavepatterntraders DAX, 15, Short ,
DAX: Elliott Wave DAX Short Term 15 Min
81 0 3
DAX, 15 Short
Elliott Wave DAX Short Term 15 Min

A corrective bounce (wxy correction) that remains below 12878 is a bearish setup, potentially the start of a deeper decline basis the weekly charts. Ideally It finds sellers between 12750 - 12800. Its wrong above 12878.

wavepatterntraders wavepatterntraders BTCUSD, D,
BTCUSD: Elliott Wave Analysis of Bitcoin (BTCUSD)
258 0 4
BTCUSD, D
Elliott Wave Analysis of Bitcoin (BTCUSD)

With the strength and look, I tend to favor its mostly like closing in on the end to a 3rd of 3rd wave of an impulse wave, so a nasty pullback is expected soon.

wavepatterntraders wavepatterntraders EURGBP, W, Short ,
EURGBP: EURGBP WEEKLY
38 0 0
EURGBP, W Short
EURGBP WEEKLY

I suspect wave is a triangle, ideally we see a small bounce to complete the triangle to end wave , then we should see new lows for wave to end a larger 5 wave decline from the 2013 highs.

wavepatterntraders wavepatterntraders XAUUSD, W, Long ,
XAUUSD: GOLD WEEKLY ELLIOTT WAVE CHART
178 1 4
XAUUSD, W Long
GOLD WEEKLY ELLIOTT WAVE CHART

I think it still needs a bit more downside and make a minor new low under 1131, then the bulls can "fill their boots" with the yellow metal, I think it will offer a great buying opportunity

wavepatterntraders wavepatterntraders EBAY, W, Short ,
EBAY: EBAY Wekly 5 wave impulse wave
88 0 3
EBAY, W Short
EBAY Wekly 5 wave impulse wave

Potentially a completed 5 wave move from the 2009 lows. The1st target is the previous 4th wave at $46.00. The 2nd target is at $38.00. Based on the NDX idea, I would strongly advise anyone long to sell and go to cash, aggressive traders can look to sell. Wave appears to be a possible ending diagonal so a strong clue to support the idea of a 5th wave.

wavepatterntraders wavepatterntraders SPX, D, Short ,
SPX: SPX ENDING DIAGONAL
574 7 15
SPX, D Short
SPX ENDING DIAGONAL

Need a bit more upside to complete a possible ending diagonal on the SPX, the DOW and the NDX have the same idea, once its complete then its time to get aggressive on the short side. AGGRESSIVE SELL SET UP

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