Kupitman

Kupitman

GOLD/AUD seems complete 5-wave formation, and probably is on its way down. Closure under under the channel line will confirm the idea. Closure under 2900 level will re-enforce the idea. Divergence in RSI confirms that wave 3 completion in 2020. Majority believing in inflation are wrong, deflation and credit crunch is ahead.

Kupitman

Silver almost reached $50 in ... 1980, next time it reached that level in 2011. I consider entire period started from 1980 as s flat formation with legs A nd B completed and wave C (which should have 5-wave structure) started in 2011. Sub-wave 1 of C seems completed in 2015, after which we would normally expect a zig-zag with ~61% retracement, notice that level...

Kupitman

5 wave structure between Aug 2021 and Oct 2022 seems complete since the interment broke though the trend channel. Most likely the it will be forming a sideways correction flat of triangle. I see two possibilities: scenario #1: it goes up to 4.3% and then fall towards 3.3% or scenario #2: it goes down to 3% and then go up to 4.3% and down again to 3% level ...

Kupitman

Final sub-wave of a flat formation is about to complete wave 4 on daily timeframe. Continuation of the trend will resume soon. Conservatives target for wave 5, is 15% (equals to wave 1).

Kupitman

We are either completing wave B or wave 2 (my favorite). Therefore I am expecting WTI to turn around today and go 10-15% up.

Kupitman

Wave 4 of the down-trend has been completed flat formation on Friday. Now the 5th wave is unfolding with possible targets around $41-45. RSI is in overbought area what supports the idea of selling.

Kupitman

So far AU200 did not show divergence neither on 4h nor daily timeframe, therefore probability of continuation of the downtrend is pretty high. A pretty nice triangle (i.e. must be 4th sub-wave in a motive wave) has been building from mid June and looks complete by that moment. Probably would be wise to wait for confirmation in a form of a break-out of a bottom of...

Kupitman

Looking at 150-year history of USA market from the Elliott Waves theory perspective, we can say with a pretty strong confidence that USA hegemony is over and whatever Biden does, USA is losing control of the world to China. We are heading to a hard period. Forget about investment as you found it in 2020-2021, say goodbye to the craziness like a trillion dollar...

Kupitman

It looks like it is in 4th wave which will be in a form of a flat. So we should expect correction towards 25,000 - 31,0000

Kupitman

it is most likely in the final leg of 5-wat structure initiated in Mar,21. The second wave had flat structure, what leads to expectation of zig-zag from wave 4, which seems completed in August. If we were considering it uncompleted then the wave up from Sep 20 would become sub-wave B of the corrective wave 4, what would structurally make it impossible to form...

Kupitman

One leg down is still missing to complete flat formation, so it ay go 30-40% from the current level

Kupitman

It seems like building 3x3x3x3x3 ending diagonal structure since 2016. Each wave subdivides on 3 (ABC) with pretty equal A and B. This hypo will be confirmed if now it goes towards 22,600 - which may be a good opportunity to buy in.

Kupitman

Price is back to the range, seems we are in an irregular flat formation with target around $2,800

Kupitman

Trading in a flat with possible target for correction - around $120. From there it may go towards $200.

Kupitman

Flat correction seems complete by now. Wave 3 is about to start. CAD usually strongly correlated with oil market, therefore I am expecting oil to start melting down now.

Kupitman

It seems 10-15% sell off is coming, you can completion of wave formations on Amazon, Google, Tesla, Fedex charts ... everywhere.

Kupitman

10-15% correction on major US indices is coming, but for Tesla it will be closer to 30%.

Kupitman Updated 

Could be that Amazon is heading towards the upper of yellow and red channels with target between 5,000 and 6,000. Flat correction started in Sep,20 seems perfectly (with 5 waves) completed on 5th of March. If my (linked) forecast of Dow is correct, the pace of price rise in the stock market is increasing therefore I am expecting this time Amazon stock price to...