JonasBenjaminFriedrich

JonasBenjaminFriedrich

I am short term bearish for the US Markets but I expect a last 5-Wave Impuls Move on the upside in the longer term (look at the SP500 Big Picture Analysis). We are currently seeing an inversion of the US 10 Year Yield and the 2 Year Yield this is a recession signal but remember after this signal we get on average another 22 Months until a bigger correction and...

JonasBenjaminFriedrich

I am expecting a Long Swing opportunity in the EUR/USD pair as a "abcde" triangle pattern should find its end soon. After this I am expecting a corrective 3-Wave move to the upside which will form a bigger "Y". If you want to take a more conservative approach I suggest waiting for the break out "a" then for the pullback "b" and then trade the last move up "c".

JonasBenjaminFriedrich

I assume that the German Index is in consolidation phase (Wave 4), which plays out as a triangle (take a look at the big picture post). Looking at the sub-counts the DAX could go up again around the 11900-12000 area and then fall from there. If we are in a bigger triangle consolidation (abcde) I assume that the Index will come down in the 11000-10700 area...

JonasBenjaminFriedrich

This is my prefered EW Count for the S&P500 at the moment. I expect more weakness short term, currently we are in a smaller abc 3 wave move on the downside however once this is finished I expect a corrective wave 2 to be finished after this the last fave waves to the upside should continue. I expect this to be the last run up in the current bullmarket. This EW...

JonasBenjaminFriedrich

This is my prefered EW Count the German Market Index DAX at the moment. According to this Count we are in a Corrective Wave 4, which plays out as a triangle. I expect one more push to the downside 11000-10700 area, which would be a good buying level for a Swing Position. Together with the seasonality DAX is normally weak during August, we have clearly seen this...

JonasBenjaminFriedrich

NYSE:ABX

JonasBenjaminFriedrich

Possible SHS Formation in Barrick Gold playing out, with Gold Prices expected to stabilize in the 1000-900 NYSE:ABX