Thursday's and Friday's shoot has been more than expected! DAX stopped right below wave "1" (red). For further information, see the Fib.-Levels in the chart. -If these counts are correct, DAX should be in a wave 2, which must stop BELOW 13200 on Monday! Everything above this level, would strongly indicate, that the bull-party is not over yet!!!
AMD, atm in a wave 4 ("Minor"), wave b ("Minute"). TPs for this move shown in the chart. During next week, the stock will find a bottom and start to complete the cycle ("Minute"-wave 5) with a double top or a new HIGH. Probable TPs are 16,06 (1,618 of wave 1 (dark red), measured from 13,39) or above.
Line study: AMD is still in its channel (black dotted lines). A...
DAX follows Dow! This is an old saying, which is almost always true, BUT the counts can be different!
Since 22nd of May, DAX is in "correction mode". It started with a clear impulse wave down to 12546 (below 0,382) as a "Subminuette"-wave a (grey) and now it is just about to finish an "abc"-pattern (magenta) to find the terminating "Subminuette"-wave b. A possible...
DJI seems to be in a "Minuette"-wave 3, with target 1,000 of its wave "1" (=25831), resp. "Subminuette"-wave 5 , with target 1,618 of its wave "1" (=25941). Both would give us the region for "tp?" as shown in the chart!
On the way up for this possible Subminuette"-wave 5, there are further two importent targets, wher theoretically this wave could stop at:
NDX is in a highly probable "Minuette" wave 5 (Impulse), with final target 7425-7467!
Final Targets (all waves "5") are calculated from different wave degrees (fractals):
1,000 of wave 1 (7425,57)
1,000 of wave 3 (7466,68)
1,000 of wave 1 (7437,29)
The fact, that this wave has had an "Extension3" makes it highly probable, that wave "5"...
DAX has just finished a impulse wave "a". After having reached 12944, there will be another impulse wave down to 12291. This final target ( for this ZigZag) equals 0,618 of the preceeding wave 1 ("Minuette", red). Time span: 2-3 trading days.
Historical counts and target for CYCLE wave 5 as shown in the chart.
There is a high probability, that the DOW has finished this CYCLE wave 5 (red)!
During the last 30 years, the possible historical calculated target for this wave has always been e.g. 1,618 of wave 3 = 26428,07 (as an "Extension5"-pattern).
January 26th's CLOSE at 26616,71 (=1,621) has been the...
UKX has had a bullish run in a "Minute"-wave 5 (blue), since 2018-03-26! The question is, how far this rally could still go?
-EW and Fib study:
"Minuette"- level (red): UKX is in a wave 5 of an Extension5- pattern. This extension often equals 1,618 of the preceeding waves 1+3 (7846,3=TP1). A more conservative count would be 1,618 of wave 1...
DAX's last leg, starting 2018-03-28, is topping or has topped on Friday (High: 13030)!
Details EW and Fib.:
- "Subminuette"- level (grey): Wave 5 stopped almost at 1,000 (13182,7) of wave 3. This 1:1 relation is quite common!
IMPORTANT NOTE: Waves 3 and 4 could also be taken as waves A and B of a corrective pattern (ZigZag), which would end at the same level for...
For DAX, there are 3 possible scenarios:
1st: DAX is in a Impulse Minuette wave 5, which terminates at 13200 as shown in the chart (TP1).
2nd: If wave3 and 4 would be replaced by a 1 and 2 respectively (possible!), wave 3 could stop at TP2 Fib. 1,618 ( 13776) for a standard Extension 3, which is above ATH. A possible time frame could be 2-3 tradingdays.
EW: This chart only shows optimistic counts, where the SPX seems to be in a Minuette wave 3. Since the beginning of this wave (2018-05-03), there has been NO wave 1 and wave 2 on a Subminuette level, which could be used as pivot points!
STOCH: This indicator clearly shows an overbought situation on 1D and lower time frames! Only on weekly and monthly, the...
EW: This chart only shows optimistic counts, where the DOW seems to be in a Minuette wave 3. Since the beginning of this wave (2018-05-03), there has been NO wave 1 and wave 2 on a Subminuette level!
STOCH: This indicator clearly shows an oversold situation on 1D and lower time frames! Only on weekly and monthly, the indicator is still increasing
NASDAQ has not terminated a wave "3,5" in wave "c" of a "RunningFlat"- or "ExpandedFlat"- pattern on Friday (SPX prob. finished this 3,5 already)! This is, why I would expect a GAP-opening for NASDAQ on Monday. There will be strong support at 6300 area (Fib-level 1.0 of wave "a" for this wave "c")! -Overall, the bearish mode will continue for the next days.
AAPL is trading in one rising wedge, dating back from 2012 (blue lines) and one rising pennant (red lines), during March. Rising wedges and pennants are a sign of weakness. Last week, an important support line has been broken. 1st TP $164 (0,618) and below is possible (Flat-pattern).