Olu

Olu

One could sell againt the wave 4 high or for lower risk drill down into the 5th wave as it is developing and sell against the wave 2 internal peak (riskier though)

Olu

There is still a lot of downside in this market

Olu

Thoughts are on the chart

Olu

I am bullish the audnzd. Price has printed an inverse H&S and we have had a test breakout today. Fundamentally the news out of NZD is no interest rates rise hence the aud is free to increase against the NZD. If this is an H&S we are looking at at least 800pip before this is all said and done

Olu

I am tracking the makings od an EW 5 wave impulse down from the highs. I believe wave 5 has just started and barring some king of truncation this will travel lower than 62. In face if wave 1 tracks equality with wave 1 which some times happen price could go to 59.xx area. By the way the cool monet has been made but there is still some on the table in my opinion

Olu

It appears the Dax is showing more weakness than the other major stock indices. I have tried to apply EW to the downmove shown on the chart and if this plays out correctly then the dax could easily be sub 8000 soon. This idea is wrong (for now) if price blows past 9300 before 8900 is taken out

Olu

The $index is bullish imho

Olu

Comments on the chart. A possible long on a break of 3730

Olu

Continuation from my comments over the weekend. The US$ is holding up

Olu

I am seriously bearish these stocks

Olu

Impressive price action this week. Mainly because of the reversal in the eurusd - eurusd is about 50% weighting in the index. Can it build on it next week?

Olu

Price has held 8200 and is probably due for a bounce from these depressed levels.