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This formation looks like a triangle, and if it shoots above the trend line, we can expect a new local high of 90-95.

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From an Elliott wave perspective the previous 12 years in oil prices shows a clear ABC shape correction pattern that ended last year.

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This pattern may unfold in a triangle. If this happens, we could expect an approximately 40% decline in the following months. The divergence in the RSI could predict such a decline as well.

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Gold seems to have finished a triangle and seems ready to break to new highs. According to Elliott wave the next wave tend to be equal in time with the time span of the triangle, so I guess it will be finished till 2nd of October. The price target is about 2180 on the basis of Fibonacci ratios.

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Tesla seems to have made a 3 wave move up from its recent lows of 178 $. The first (wave A) wave reached 266 $, then came a triangle correction (wave B) and the final wave C started from 225 $. The final wave C can be subdivided by 5 beautiful waves. The Fibonacci ratios show that the anticipated end of this 3-wave move will be at around 268,5 $. Here wave C will...

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I guess RWE will turn down soon as it finishes this 5 wave move.

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Similar to NASDAQ, but it tends to make expanded flat corrections in my view.

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I tried to label the rally from from April. According to this plot the NASDAQ reached the 0,618 correction level that more or less coincides with that the length of wave C of 4 also reached the 2,618 times longer level than wave A of 4. If it breaches the invalidation line, than it may mean that the previous top were the end of wave 5 and a bear market comes.

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Deutsche Bank is in the last phase of of a correction move. It seems to have finished wave B and wave C has begun. The primary target is around 11,9 but further rise is also possible.

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DAX has almost finished its correction. At least it seems to have gone along the anticipated way and is about to finish the ending diagonal. It can take a couple of days, maybe it will make an overshoot as well. But after that a steep increase can be expected.

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Now that we could have gained some experience about how the looming trade war fears can ”frighten and scare away” investors, we can relabel the final phase of the S&P 500. If we measure the 1.618 length of wave 1 from the bottom of wave 2 we get almost exactly the top of wave 3. And if we assume that the length of wave 1 will approximately equal wave 5 and also...

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Infineon seems to have finished a primary 4th wave correction. It looks like a zig-zag. Wave C equals wave A. If the price does not go under the yesterday low, than I would guess it has begun a primary 5th wave. If it goes under, that means the correction is not finished. Much depends also on the overall performance of the DAX either. DAX has left a final fifth...

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I tried to plot some scenarios a couple of days ago for the further movement of the DAX index. As it progressed we can rule out the triangle version, and it goes toward the formation that I regarded as the most likely, the wedge, or an ending diagonal. That does not mean we can also rule out the 1st scenario, but so far it moves in three waves (abc) formation, and...

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S&P 500 looks almost ready. Wave C of 5 looks ready or almost ready. The index made an overshoot that could sign a sharp decline. If I should guess, I would say that it will open with a gap downward. The DAX fell nearly 1% today, and I recognised recently, that sometimes DAX intraday decline is a precursor to the lower open of US indexes.

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S&P 500 is forming an ending diagonal. The RSI indicator and the Stochastic show divergence, therefore a decline can be expected. I guess it will still go a short range up just to finish wave 5 of 5 but attribute of the ending diagonal is the steep decline after it is finished. The question is that this ED is the wave 1 of a longer wave 5, or is it the wave 5...

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I try to plot some scenarios for the near future movement of the DAX index according to Elliott wave theory. One of the thesis of Elliott waves is alternation. I present them in a sequence, but will be interconnected via "Link to Related Ideas". The first is a bullish one. I met with this idea a couple of times, but I don't think that this is the most possible...

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I try to plot some scenarios for the near future movement of the DAX index according to Elliott wave theory. One of the thesis of Elliott waves is alternation. I present them in a sequence, but will be interconnected via "Link to Related Ideas". The 3rd is that the DAX is making a double three sideways correction, and it is forming an ending diagonal as its last...

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I try to plot some scenarios for the near future movement of the DAX index according to Elliott wave theory. One of the thesis of Elliott waves is alternation. I present them in a sequence, but will be interconnected via "Link to Related Ideas". The next is a triangle as wave 4. If DAX goes under 12 100 that means with high probability that it is invalidated. (But...