drumsta

drumsta

The Dollar index has risen from yesterday forming a minor five-wave impulse pattern. This could be an early indication that the higher degree 5 wave out Primary count has started as the ABC of the Intermediary from last half of December 2016 has ended. If this is true we are to see the dollar index making a higher high compared to its 3rd wave at 102.94 level and...

drumsta

Dow decreases by 6.32% from 31th of July when it was sitting at 27253 as it fell to 25529.5 at its lowest point today. The price found support at the 0.786 Fibonacci level at the intersection with the 200 day MA and with the last daily candle indicating buyers pressure in the form of a wick from the buyers side a recovery could be expected. The recovery might...

drumsta

.

drumsta

As the price of Bitcoin broke out from the ascending channel on the downside we are now likely seeing the start of the last impulsive move to the downside which is the Z wave from the Minor WXYXZ (green) correction that has started from 24th of December when the price of Bitcoin was around $4367. The end of wave Z would be the end of the Intermediate X wave...

drumsta

The chart is self explanatory

drumsta

From here an increase is expected as the Y wave has ended. The increase would be either another impulsive move or the second wave X as the correction gets prolonged by two more waves.

drumsta

As the price action further developed I have made some adjustments to my count so now this is my primary.

drumsta

As you can see from my count this was a three wave correction that has now come close to completion which is why I would expect the price of Ripple to decline in the upcoming period.

drumsta

As you can see in my projected scenario the correction has two more waves to go after which I would be expecting a breakout from the descending triangle on the downside.

drumsta

My Elliott Wave Analysis points out that a breakout from the current symmetrical triangle is going to be from the downside as the wave E ended on the triangle's resistance.

drumsta

After the WXYXZ correction ended, a trend continuation proceeded to develop. I am expecting a straight decline from down here as a breakout from this symmetrical triangle is near.

drumsta

Zooming out onto the weekly chart I see an alternative scenario in which the current move to the downside is a three wave move. Both scenarios are the same in a way that I am expecting some short-term recovery for the price of Gold and then a trend continuation to the downside. The difference is in the price targets.

drumsta

As you can see after an intermediate correction in the opposite direction the downward trajectory for the price of Gold continued. If this wave is impulsive then I would expect the scenario described on the chart.

drumsta

BTS correction

drumsta

POWR's price has been in a corrective ABC move, that looks like to be over. What I think it's coming next is that the price will be stuck in a consolidative rising wedge, forming an ABCDE correction, after which the price is going to go down to the uptrend support line for a retest. This move to the downside will complete the larger WXY count.

drumsta

The price of Nano (previously RaiBlocks), is at it's lowest levels since it hit the market. The price broke out from the jaws of wealth from the downside and below the unconfirmed uptrend support line. It hit the ending point 0 of the Fibonacci retracement and indicated an end of the ABC correction wave. A quick dip indicated that the low is in so I expect the...

drumsta

It looks like Enigma is in a falling wedge, and that the correction will be an ABCDE, which would be sub-waves of a WXY, and the handle from a higher time scale pattern. I am expecting the price to go up to 0.236 Fibo level which would be a D wave, and then down again the approximately the levels of the 4 impulse wave.

drumsta

Civic finishing a C wave