Selasa, 09 Desember 2014
Senin, 08 Desember 2014
Jumat, 05 Desember 2014
Rabu, 03 Desember 2014
CAD/JPY H4, Daily and Weekly
General Overview for 03/12/2014:
This pair is still in uptrend targeting first 107.75 level and then possibly 115.86 level as well (it depends where wave 4 will complete).
On lower time frames the market should start a corrective cycle to the downside in wave C of wave 4, but the alternate count indicates a possibility of a completed wave 4 (alt:4) at the level of 103.45. To invalidate this alternate count, the price must break out below the level of 103.45 first and then impulsively break even lower into 23%Fibo at the level of 102.37 and then it might bounce as three wave simple ABC corrective cycle would be finished. Of course, the market might evolve into more complex pattern next , like a triangle pattern, but for now on there is no sufficient data to support this assumption. Nevertheless any breakout below the level of 99.79 invalidates this bullish outlook.
Summary:
Breakout above 105.30 is bullish and target is at the level of 106.18 and higher (Supply Zone)
Breakout below 103.45 is bearish and target is at the level of 102.37.
Support/Resistance:
106.18 -107.10 - Supply Zone
105.30 - Swing High
103.45 - Intraday Support
102.37 - 23%Fibo
101.17 - Weekly Technical Support
99.80 - Invalidation Line
Trading Recommendations:
Swing traders should keep the buy orders open as the wave progression has not been completed yet.
IF YOU NEED MORE DETAILED ELLIOTT WAVE COUNTS,
SIGNALS
AND
EDUCATIONAL MATERIALS,
THEN JOIN MY VIP SERVICE!
EUR/USD H1
General Overview for 03/12/2014:
Just a chart update: is this it? Classic triangle pattern in wave 4 seems to fit to the overall count rather well. If so, the target is at the level of 1.2280. Please notice the bullish divergence.
Support/Resistance:
1.2281 - WS2
1.2363 - WS1
1.2448 - Weekly Pivot
1.2530 - WR1
1.2564 - Supply Zone
IF YOU NEED MORE DETAILED ELLIOTT WAVE COUNTS,
SIGNALS
AND
EDUCATIONAL MATERIALS,
THEN JOIN MY VIP SERVICE!
Selasa, 02 Desember 2014
Gold XAUUSD H4
General Overview for 02/12/2014:
The current wave progression from the level of 1130 might be labeled as the beginning of impulsive structure. The most important level now is 1255 as the former top of the wave (iv). Only breakout above this level in impulsive fashion will be seen as bullish.
Violation of the level of 1130 invalidates the impulsive count.
Support/Resistance:
1255 - Wave (iv) Top
1221 - WR3
1213 - WR2
1181 - WR1
1172 - Weekly Pivot
1142 - WS1
1133 - WS2
1130 - Wave (v) Low | Invalidation Line|
Trading Recommendations:
As long as the level of 1130 is not violated BUY orders should be opened.
IF YOU NEED MORE DETAILED ELLIOTT WAVE COUNTS,
SIGNALS
AND
EDUCATIONAL MATERIALS,
THEN JOIN MY VIP SERVICE!
Jumat, 28 November 2014
Crude Oil Futures Weekly
General overview for 28/11/2014
The impulsive wave progression to the downside triggered by the lack of a decision on OPEC meeting is still in progress as the wave 3 is getting extended to the downside. Please notice that from a bigger point of view on this Weekly chart, there is missing wave 5 to the downside to complete the Irregular Flat corrective cycle in big wave X. The One-to-One market geometry, marked in red rectangle on chart, and the demand zone between levels of 67.06 - 69.32 are working as a line of last resort for bulls. The extension levels for wave 3 might bring some support as well but if the level of 60.44 is broken, the chances for market to test the last long term swing bottom at the level of 33.23 will dramatically INCREASE!.
Support/Resistance:
33.23 - Long Term Swing Low
60.44-62.25 - 223%Extension
64.66 - 66.06 - 200%Extension
67.06 - 69.32 - 161%Extension
Trading recommendations:
No real need to buy the crude oil right now for a longer time frame than daily. Bias is still bearish as there are incomplete waves to the downside.
IF YOU NEED MORE DETAILED ELLIOTT WAVE COUNTS,
SIGNALS
AND
EDUCATIONAL MATERIALS,
THEN JOIN MY VIP SERVICE!
Rabu, 26 November 2014
DAX30 H4
General overview for 26/11/2014 12:50 CET
On lower time frames traders can see, that the impulsive wave progression is unfolding to the upside and first targets has been projected at the levels of 10023 and 10175.
Support/Resistance
10175- Wave v Target Level
10084 - WR2
10023 - Wave iii Target Level
10014 - WR1
9567 - Weekly Pivot
Trading recommendations:
The bias is bullish until the minimum target is hit.
IF YOU NEED MORE DETAILED ELLIOTT WAVE COUNTS,
SIGNALS
AND
EDUCATIONAL MATERIALS,
THEN JOIN MY VIP SERVICE!
Senin, 24 November 2014
Nikkei 225 Futures H4
General overview for 24/11/2014 18:00 CET
The Weekly chart of the Elliott Wave development indicates unfinished impulsive wave progression to the upside inside of wave (C) black.
Internal sub-divisions of wave 3 green has been posted on H4 time frame chart, where traders can see two possible counts: main and alternate one. The main count indicates more upside wave progression that will be quite bullish and extended but first the corrective cycle in wave (iv) green must be completed. Alternate count indicates a Leading Diagonal wave 1 blue, and then wave 2 and 3 blue with currently anticipated corrective internal cycle in the shape of a triangle. For both of this count the key level is the triangle support at the level of 16678.
Support/Resistance:
17978 - WR2
17747 - WR1
17307 - Weekly Pivot
17076 - WS1
16678 - Key Level
16637 - WS2
Trading recommendations:
One more wave to the downside is expected to complete the corrective cycle in wave (iv) green so short orders should be in play, however please notice that it is still possible that the corrective cycle has been completed already and now the index is developing another upward leg. ANY IMPULSIVE WAVE ON LOWER TIME FRAMES INVALIDATES THIS COUNT!
IF YOU NEED MORE DETAILED ELLIOTT WAVE COUNTS,
SIGNALS
AND
EDUCATIONAL MATERIALS,
THEN JOIN MY VIP SERVICE!
Kamis, 20 November 2014
EUR/USD H1
General Overview for 20/11/2014: 11:30 CET
The wave development is still in a corrective cycle and there is really no need to trade this pair right now as the cycle appears to be rather complex and time consuming cycle. The suggested wave progression inside of the blue channel is clearly corrective and the golden trending is still providing a resistance. The question remaining whether the gap zone will be filled or not in the near future but the wave count clearly indicates the possibility of a farther upward wave progression up to the 1.2834 - 12936 zone. The current bias is:
SHORT-TERM Neutral to Slightly Bullish (corrective)
MID-TERM Neutral to Slightly Bullish (To complete the corrective cycle)
LONG-TERM Bearish (new lows)
Support/Resistance:
1.2652 - 1.2692 - GAP ZONE
1.2645 - WR2
1.2600 - Local Swing High
1.2594 - WR1
1.2548 - Intraday Resistance
1.2489 - Weekly Pivot
1.2443 - WS1
1.2358 - Local Swing Low
Trading Recommendations:
Stay away until corrective cycle i completed, confirmed and downtrend resume,
IF YOU NEED MORE DETAILED ELLIOTT WAVE COUNTS,
SIGNALS
AND
EDUCATIONAL MATERIALS,
THEN JOIN MY VIP SERVICE!
Jumat, 17 Oktober 2014
Gold Weekly
It is always a difficult task to correctly count the wave development inside of the triangle but this is as good as it gets: one more wave (v) green to the downside is needed to complete the whole impulsive structure in wave Y black of the big degree wave 4 blue. As long as the level of 1006 is not broken, a multi year high is still possible to be made on Gold.
Support/Resistance:
1179 - 1183 - Key Support
1198 - WS1
1216 - Weekly Pivot
1248 - WR1
1266 - WR2
1273 - 1280 - Demand Breakthrough Zone
Trading recommendations:
Short positions should be opened from the level of 1266 with SL above the level of 1281 and TP at the level of 1100 min.
Kamis, 09 Oktober 2014
EUR/USD H1
There are some first indications that the main degree impulsive wave might have been completed ( wave 1 pink) and the market is in corrective cycle in wave 2 pink or it is only a first internal sub-cycle of this wave. Nevertheless, the current situation looks like an upside push to the supply zone and a possible failure is expected here. The abc green correction looks completed as well in a shape of a Zig-Zag pattern, which is VERY POPULAR in wave two overall. Now the market must return to the golden channel and after testing the upper boundary, it must impulsively breakout to the downside, below the intraday support at the level of 1.2698 ( and even lower).
Please notice that any breakout higher above the level of 1.2814 is bullish and next resistance is at the level of 1.3000.
Support/Resistance:
1.2999 - 1.2970 - Demand Breakthrough Zone
1.2900 - Previous Wave 4 Level
1.2832 - WR3
1.2814 - Technical Resistance|Key Level|
1.278 - 1.2814 - Supply Zone
1.2777 - WR2
1.2698 - Intraday Support
1.2620 - WR1
1.2584 - Key Level To The Downside
1.2560 - Weekly Pivot
Trading recommendations:
Long and mid-term trend is BEARISH and only SELL orders should be opened on this pair. First one to try is to short at the current price levels with SL above 1.2814 and TP open for now, but targeting NEW SWING LOW.
Rabu, 24 September 2014
Dax Futures Daily
.jpg)
General Overview for 24/09/2014:
On Daily time frame we can see the price has made a very deep retracement to 88.6%Fibo in shape of a Triple Zig-Zag pattern wave (ii). We can see as well the Key Support and Resistance levels: only a valid breakout below one of this levels would indicate that our anticipations are confirmed: breakout below support at the level of 8899 means long term top is confirmed, and breakout above the resistance at the level of 10056 means the alternate count is in play and uptrend will continue. Trend change confirmation comes with the level of 8899 breakout.
Support/Resistance:
10056 - Key Resistance
9898 - 88%Fibo
9530 - Support
9367 - Support
9037 - Support
8899 - Key Support
Trading recommendaions:
There is still some degree of uncertainty regarding the corrective cycle completion, but any sell orders should have the SL above the level of 9898. Trend change confirmation comes with the level of 8899 breakout.
Sabtu, 20 September 2014
GBP/USD M15
Short-term (h4 and h1):
The corrective cycle in wave 4 has hit 38%Fibo of the last swing and sharply reversed. The corrective cycle was a pattern of abc irregular flat, where wave c=161% of wave a. Now the impulsive decline is almost done and after the corrective cycle in wave ii this pair might continue the downtrend. Please notice this pair might be making a Head&Shoulders formation as well and that supports the view for more decline coming.
Kamis, 18 September 2014
EUR/USD H1
The impulsive wave progression is developing as anticipated some time ago. Currently it looks like after the extended fifth wave of a wave 3 green, it is a time for a corrective bounce in wave 4 green. The target levels for this correction are at the levels of 1.2972 - 12994 ( basically 1.3000 round number level) and if this one is broken and corrective cycle will become more complex - 1.3111.
Support/Resistance:
1.2819 - WS2
1.2833 - Swing Low
1.2906 - WS1
1.2944 - Weekly Pivot
1.2972 - 1.2994 - Demand Breakthrough Zone
Trading recommendations:
Please wait for the corrective cycle to complete and enter SELL orders in the direction of the trend of the larger degree.
IF YOU NEED MORE DETAILED ELLIOTT WAVE COUNTS,
SIGNALS
AND
EDUCATIONAL MATERIALS,
THEN JOIN MY VIP SERVICE!
Rabu, 17 September 2014
Rabu, 10 September 2014
AUD/USD H4
Currently market is in a complex WXY corrective cycle that has not been finished yet as there are some downward sub-waves missing. Please notice that the price is below 100 and 200 WMA that confluence with wave 1 top and only a breakout higher is bullish.
H4 chart looks like unfinished double Zig-Zag structure inside of wave Y of more complex and time consuming corrective wave 2.
Key short term level for bulls and if broken - first clue of bullishness increasing. The targets for wave 2 bottom are either on 50%Fibo, or, more possibly, on 61%Fibo. From this two levels the failure and rebound should be expected.
ANY BREAKOUT BELOW THE LEVEL OF 0.8547 INVALIDATES BULLISH IMPULSIVE COUNT!!!
Support/Resistance:
0.8981 - 61%Fibo
0.9081 - 50%Fibo
0.9111 - Swing Low
0.9151 - WS3
0.9210 - WS2
Trading recommendations:
Not really a good place to either enter short or long positions as R/R ratio is not attractive at the moment. Refrain from trading until more clear structure will occur.
Senin, 08 September 2014
GBP/USD H1
The pair is in clear DOWNTREND as it has been signaled last time and the reversal has been expected many weeks before it had happened. The 55DMA is crossing below 200DMA and this is another indication that supports this view.
The Elliott Wave count on larger time frame shows a high possibility of a multi-month decline in this pair due to an unfinished bearish cycle in wave C of the overall correction. This is why the current decline on smaller time frames is impulsive and its first wave down is slowly losing the momentum. This is why some sort of a inside sub corrective cycle in wave 4 black is expected currently with all the eyes on the level of 1.6232 - 1.6279. Only breakout higher is bullish.
Jumat, 05 September 2014
EUR/USD Daily
Story of the EUR/USD in two charts.
Both chars were available in VIP SERVICE and appriopriate signals were issued.
Thank You.
Before:27/07/2014
After:05/09/2014
Kamis, 04 September 2014
USD/JPY H1,H4 and Daily
General overview for 04/09/2014:
There are two possible counts on Daily time frame that I'm following currently:
First count follows impulsive wave progression to the upside as the wave 2 in blue circle has been completed. The most important thing in this count is wave 1 itself as it looks to be in three waves only. This is why there is another alternate count, which tracks the progression of an ABC Irregular Flat corrective wave B only, and it looks like it is almost completed. That means the market can make one more wave to the downside, wave C, and this view is supported IF THE LEVEL OF 103.54 IS BROKEN! Otherwise we might have one more minor wave to the upside that targets the orange rectangle.
Support/Resistance:
105.30 - Swing High
105.24 - WR3
104.75 - WR2
104.53 - WR1
104.03 - Weekly Pivot
Trading recommendations:
The uptrend looks mature for now and some corrective cycle should be expected. As long as the elvel of 103.54 is not violated, buying the dips is advised.
Rabu, 20 Agustus 2014
EUR/USD H1
The lack of the impulsive wave progression to the upside is the first clue, that the downside wave development might not be finished yet, otherwise the market would trade on much higher levels than it is now.
The main count on H1 time frame looks like a classic complex corrective structure pattern with the last cycle in wave Y brown completing right now ( or already done). This is VERY BEARISH count that indicated the top for wave 2 of 3 is completed and the market should move sharply lower soon.
It is rather hard to say what level invalidates the counts but any breakout higher above the level of 1.3432 is bullish.
Support/Resistance:
1.3294 - Technical Support
1.3308 - WS2
1.3332 - 1.3340 - DEMAND ZONE
1.3352 - WS1
1.3383 - Weekly Pivot
1.3431 - WR1
1.3462 - WR2
Trading recommendations:
Beware of a short squeeze as a start of a corrective bounce!
Before and After charts that were posted for subscribers of VIP SERVICE:
Rabu, 06 Agustus 2014
GBP/JPY H4
General overview for 06/08/2014:
A slight adjustment in corrective wave labeling has been added to the chart but the general mid-term outlooks stays the same: bias is BEARISH and breakout and daily close below the level of 172.22 reinforces the view.
Support/Resistance:
171.10 - WS2
171.62 - WS1
172.22 - 172.46 - Supply Breakthrough Zone
172.92 - Weekly Pivot
Trading Recommendations:
Sell the rallys.
Langganan:
Komentar (Atom)