The monthly chart is still to the up side and the daily prove to be strong.
It’s not good idea to choose the tops, But it’s fun to do and more fun to be right
This correction at least hopefully will reach the lower line.
There is oil depletion and the discoveries doesn’t compensate for the consumption and for the new cities and global increase in world population, so switching to gas to produce electric energy for the electric cars which will replace the existing car’s which consumes most of the oil and that goes for the airplanes and oil will be use for petrochemical...
Two consecutive closing days with long bodies candles which breaks a wedge shape ( ending diagonal in Elliot wave prospective) near historical upper line that started from 1929 beak, a lot of people is expecting the big correction in the financial markets. In the previous idea there I was expecting the throw out the wedge to reach 33000 put it only goes to...
In monthly prospective for CHFJPY it’s in a upper channel and heading up.
With all the Swiss national bank effort to weaken its currency it seems to will continue to strengthen.
Due to the unrest that is happening in the United stat of America ,BITCOIN and gold which I talk about before may reach high prices.
I have previous idea that the Dow John index have reach its 1.618 extension from 1929 high,And upper line that extend from 1929 high that shows it might reach 33000 points.
The world is facing financial crisis and starting to implement negative Interest rate to face it as Japan Switzerland and Denmark did and the American president is pushing for it and I think he will bush the federal reserve to do it. And that will strengthen the dollar and will bush the markets more to the down side.
This chart I draw 3 months ago but was hoping it’s won’t be true because it might be the beginning of very deep correction. It starting from 1933 at the end of the 1929 great depression and reach its 161.8 expansion .