EWS

EWS

Shanghai Composite - Bottoming? If you have been one of my long-term followers, you know I haven't been a great fan of the Chinese Shanghai Composite Index for quite a few years now. As I was reviewing my charts and counts, I got to think about this long-term alternate count, which I think has a lot of appeal to it, as well as it's a valid count. Contrary to...

EWS

It has been a while since I last updated Feeder Cattle, but the correction in wave 4 has dragged out much longer than first expected. Under the Elliott Wave Principle, we would like to see alternation between wave 2 and 4, which clearly is what we have seen in Feeder Cattle. Wave 2 was a simple zig-zag correction, that corrected 61.8% of wave 1, while wave 4 was...

EWS

The S/H/S top has been activated with a minimum target of 183.

EWS

Alphabet or Google is testing its long-term support-line. A clear break below this support-line will confirm that wave (3) has peaked and a corrective decline in wave (4) is developing towards at least 845 and likely even closer to 708.

EWS

After a really impressive rally Netflix could be building a S/H/S top formation. To trigger the possible top-formation a break below 310 is needed. Upon a break below 310 the target is seen at 190, with solid support at 259 at the way down. Look out below...

EWS

It should be clear to everyone, that Amazon is in an exponential rise and they even ever ends well (just remember the last one we saw in Bitcoin). The indicators shows a negative divergence relative to the price movement indicating that this rally is loosing strength and the potential upside is becoming limited. The next possible target for wave 5/ of 5 is seen...

EWS

My long-term preferred count indicates, that a long-term low could be in place with the test of 0.7410. A clear break above resistance at 0.7567 will be a strong indication that this is the case. If my long-term count is correct, then wave 2/ bottomed with the test of 0.7410 and a new impulsive rally is about to begin in wave 3/ for a rally to above the peak of...

EWS

USD/JPY has followed a nice string of up- and down-cycles since 2011 and in mid-February USD/JPY entered into its next up-cycle that will last to mid-January 2019. Especially the period into late summer and autumn 2018 should prove strong and a strong upside acceleration could be seen during this time-window. It doesn't mean that USD/JPY can't continue to rally...

EWS Updated 

Boeing - How high can it fly? Boeing has gone supersonic and is close to leap into space... But is this time different and it will become weightless or will gravity make its influence pull Boeing back down? You can be sure that it's the later that will win causing a major plunge in a not too distance future. The reward to risk ratio no longer favor staying...

EWS

GBP/JPY just triggered a Hagopian signal, which calls for a rally to above 153.41. I'm sure you are thinking, what is a "Hagopian" signal? A Hagopian signal is triggered, when price doesn't trade to the pitchfork mid-line as it should do 80% of the time according to Dr. Andrew's. This failure is a warning that the decline (in this case) is weak and a opposite...

EWS

My preferred count shows that Bitcoin peaked with the test of 11,395 in wave (3) and wave (4) now is developing. Wave A decline to 9,250 and wave B, which has turned into an expanding flat correction, is expected to peak near 10,905, with an outside chance of making it to 11,227 before tuning lower in wave C. A break below minor support at 10,393 will indicate...

EWS

The buying frenzy in Bitcoin, just continues to push it higher and higher. There is no time to correct properly. The rally is now close to being vertical, which isn't a good thing. I was look for this rally to may extend to 10,768 and here we are. However, the extreme buying frenzy could push Bitcoin into the 11,073 - 11,627 area, but it's time to become fearful...

EWS

Bitcoin just peaked in wave 3/ of 5 and a correction towards 7,973 will now be expected before the final rally in wave 5/ of 5 of (3) towards 10,444. We are not quite at the final top of wave (3), but we are getting close and the risk/reward ratio no longer supports being long or at least demands that stops is tightened.

EWS

Bitcoin has seen a phenomenal rally in wave (3). Only a year ago it traded near 755 against the USD and now it hovers near 8,100. I'm still looking for a little more upside closer to 9,150, but the best part of the rally in wave (3) is now behind us. As wave (2) was a simple, but deep zig-zag correction, we should expected wave (4) to be a complex structure in...

EWS

Facebook has seen an amazing rally since the September 2012 low at 17.55. This wave rally should be close to completion - Ideally near 187.17 for a correction in wave . As wave was a simple and deep zig-zag correction, we should expect a complex and shallow correction in wave . The ideal target for this wave correction is seen in the 114.77 - 115.93 area....

EWS

Crude oil has broken above the inverted S/H/S bottom neckline near 52.85. The price high at 55.24 has been cleared. The long-term Elliott Wave count and all indicators continue to point towards higher and the cycle analysis also supports higher prices here. The next long-term target to look for is seen at 67.67 and possibly even closer to the inverted S/H/S...

EWS

Cable is fighting a lot of opposing forces at the moment. The rally in wave 1 stopped just below the 30 year horizontal resistance-line. This line acted as support for Cable since January 1986 and was broken in June 2016, which shifted its position from support to resistance. However, I think the dip below soon will break back above this horizontal pivot point...

EWS

Bitcoin continues to accelerate higher, with only minor corrective declines on the way (also seen in the US indices). The next possible upside target for wave 5 and (3) is seen near 7,800. That said, we should be aware of a possible extension closer to 9,150 or even towards 10,783.