EWS

EWS

On August 4 - 2016 I said, that we either had seen a bottom at 319.40 or needed one more decline closer to 310.00. With a low seen at 312.00 followed by a rally above minor resistance at 328.60 the low is in place for a long term rally to 440.40 and above here confirms the rally to 519.00.

EWS

Last weeks strong close at 149.65 confirms that wave A from 244.80 to 134.13 is complete and a zig-zag correction to at least 176.28 and possibly 189.35 will be seen over the coming months in wave B. Wave v of A turned into an ending diagonal and once this formation is complete a return to the origin of the ending diagonal should be seen in half or less of the...

EWS

Corn is tracing out a major complex correction in wave B. This correction began way back in late September 2014 and has unfolded as a zig-zag from the 2014 low at 318 to 443 as wave W and has been followed a zig-zag decline in wave X from 443 to a low currently seen at 319. The X-wave could be complete and if this is the case, then a break above short term...

EWS

Corn has either bottomed at 319.4 or needs one more decline closer to 310.00 before a long term bottom is seen for a rally towards at least 440.00 and possibly even higher towards 519.00. The first strong indication of the bottom being in place will be a break above the resistance-line seen near 329.00 while a break above 335.00 confirms the bottom for the rally...

EWS

A picture perfect five wave decline has been unfolding from October 2014 high at 244.80 to June 20 - 2016 low at 134.25. This has completed wave A of zig-zag correction and wave B will now take over for a rally towards at least 174.35 and likely even closer to the 50% corrective target of wave A at 187.80. So after have been short almost 2 years it's time to...

EWS

Silver is trying to break above the Inverse S/H/S bottoms neckline near 18.00 and more importantly above resistance at 18.51. If the later is broken too, then a rally towards the measured S/H/S target at 22.94 should be expected as a minimum, but this rally could easily extend higher towards 25.10. The Inverse S/H/S neckline at 18.00 will now shift from...

EWS

In October 2014 I called the top almost to the cent (see the link below). The decline from 244.80 is finally coming to an end near 130.78. Short term I'm looking for the final decline in red wave v of an ending diagonal and once the bottom is in place, a quick return to the origin of the ending diagonal at 169.58 should be seen, within half the time it took to...

EWS Updated 

GBP/JPY - Bottom to be found between 156.02 - 156.21 The decline from the 163.89 high has been relentless, but it's only part of an expanded flat correction and once the low is found a new strong rally higher should be seen. The low should be found in the 156.02 - 156.21 area. At 156.21 we have the magic 70.7% corrective target of wave (I know that the 70.7%...

EWS Updated 

My preferred count shows that an important corrective low was seen with the test of 151.63 on April 7 and a new long term impulsive rally is developing. We are of cause, in the infancy of this new impulsive rally, but from the 151.63 low an impulsive rally was seen to a high of 162.82 as wave i and was followed by a deep correction in wave ii to 153.62 from where...

EWS

A nice little Inverse S/H/S bottom has been completed, with the break above 14.36. The calculated target for this formation only call for a rally to 15.30, but we have to remember that this calculated targets only are the minimum expectation. From an Elliott Wave perspective a firm bottom could be in place for a rally back to 18.50 and possibly even above for a...

EWS

We now have a nice little Inverse S/H/S pattern in place and yesterday we saw a Cup with handle being triggered for a rally to the calculated target of 1,150. From an Elliott Wave point of view, an large ending diagonal most likely terminated with the test of 1,046 and if this count proves correct, then the target becomes the origin of the ending diagonal, which...

EWS Updated 

The decline from 1.5930 could resemble a large ending diagonal, but the first part from 1.5930 to 1.5107 is more likely a leading diagonal and that could explain the downside acceleration we are starting to see. I'm look for a decline to 1.4166 as the next larger downside target.

EWS

Short term a minor expanded flat correction is unfolding. Wave and already is in place and now wave higher to 172.98 should be expected. The most common relationship between wave a and wave b within an expanded flat correction is that wave b is 138.2% longer than wave a and that is precisely what we have seen. Looking at the wave relatioship between wave...

EWS

Almost a year ago (see the link), I made a post saying that a long termtop was in place and a decline cutting prices in half should be expected. This decline is now well underway. From an Elliott Wave perspective we are in red wave iii of wave iii lower. Red wave iii has hit support at 177.40 where it will be 200% the length of red wave i. I would not be surprised...

EWS

Since the 0.9504 high a nice impulsive decline has been unfolding. Wave (i) became a leading diagonal, that was followed by a flat wave (ii). Wave (iii) became a very strong and extended wave, which became 261.8% the length of wave (i). Wave (iv) has become a complex triangle combination, with an expanding triangle followed by a symmetric triangle, this...

EWS

A long term top is in place in Feeder Cattle. The Elliott Wave Count (EWC) tells us so, but a nice little trick one can use, if a market begins to move exponential is use pitchforks. When the resistance-line of the original pitchfork is broken, then clone the pitchfork and overlay the support-line of the cloned pitchfork with the resistance-line of the original...

EWS

Coffee has been in a major correction since the 100.95 low in early November 2014. This correction has turned into a double zig-zag correction, where wave w ended at 207.55, and was followed by an expanded flat correction in wave x and then the second zig-zag higher in wave y. Looking at the relationships between wave w and y, we can see that wave y became almost...

EWS

With a perfect decline to the 38.2% corrective target of wave (iii), which at the same time proved to be the bottom of red wave iv of one lessor degree, the odds for wave (iv) being over are high. I will buy EUR upon a break above 107.46 with a stop at 106.70 for a target at 111.06. We could see a move even higher to 112.07. I think this trade does offer a very...