Could this be the next fractal developing? Would be a beautiful way to close that gap! Touched the 62% retracement today, with some nice momentum divergence on show over the past few weeks.
Regression shows reversals off 2nd deviation channel. Every time it reversed it made it back to the mean. The market might be looking for fundamentals to create a reason to go short.
Something to consider.
Quick BSV update.
Im still expecting the move up to break 328 before we drop to the 235 (maybe below) level. Nothing has changed just the current smaller corrective pattern.
It actually looks a little clearer now. I am also doing video updates on Streamanity. but I need to check with the TV guys if I can post.
For some time i've been wanting to try to visualise the waves that the different period/wavelength charts produce to see if I could understand the wave pattern interference, which I presume is what Elliott Wave theory provides the analytical key to. Sadly i'm too stupid to understand what the wavelength of each chart is, so i have been drawing a blank. How long...
This quick analysis asks a good question... Do we really have a bear trend on gold and other metals or is this just a stop hunt ?
I would plead for the second option because the peak showed not a single sign of reversal signal... It sure tried to chase the bulls stops by 'wrong footing' them.. but I'm not really sure about the real conviction here..
I still have...
The analysis shows off that the long term bear trend of USDJPY 0.07% may have come to an end on this bottom and the reversal time is now triggering.
We may have finished the first wave impulse of this new bullish trend . So we are now retracing to find point 'b'.
This subwave is in-trend and can be bought with low risk. Of course as we're consolidating... wave...
The analysis shows off that the long term bear trend of USDJPY may have come to an end on this bottom and the reversal time is now triggering.
We may have finished the first wave impulse of this new bullish trend. So we are now retracing to find point 'b'.
This subwave is in-trend and can be bought with low risk. Of course as we're consolidating... wave 'b' can...
The market reversal that we anticipated long ago by this ending diagonal configuration that worked just perfectly and gave me a perfect short entry right on the top.
Plus the following reinforcements given by PRO Sinewave & Momentum. This was nearly educational setup here for those who begin with the indicator's reading.
Anyway the Elliot count now suggests that...
This study shows what are my projections for the german index. Still to early too jump into short but certainly not buying anything here as we have a nice reversal on top of the H2 timeframe. Price are probably just pulling back to form Elliott wave 2 point and head to the big wave 3 that should be the extended wave of the bear impulse that I expect the prices to...
Just as the DOW count revealed, the DAX 0.76% may be creating an ending diagonal formation on fifth and final wave of the current count that started upon Trump's election and fueled the price without a single retracement (as 2 & 4 were both flat corrections ).
Anyway we might be reaching a market top as suggested and as we didn't have any retracement and that...
Took me quite some time to build this up but the result shows a very clean sceanrio here ! Everything tends to correspond between each different timeframe and so the forecast is even more likely to occur.
It shows that on the biggest timeframe, gold has made it's 5 wave impulse and is now retracing in 2 impulses. The first have been completed and we clearly see...
