GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
LLOYDS BANKING GROUP PLC ORD 10P, VODAFONE GROUP PLC ORD USD0.20 20/21, MX OIL PLC ORD 0.01P, VAST RESOURCES PLC ORD 0.1P, FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), UK OIL & GAS PLC ORD 0.01P
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Base channel highlighted in Blue.
My current architectural interpretation of the 15m domain. Not predictive, purely for my own reference.
Price is about to meet the apex of deceleration and acceleration-shadow channels (circled). Watch that space!
Kennedy channelling used to infer EW structure. wave 4 in progress. Grey circled area indicates probable bounce territory. Blue circled area = probable target.
Candidate wave 1+2 complete. wave 3 next?
Inferred acceleration channel based upon confluence with previous price structures. Entry @ 78.6% retracement.
Elliott wave count inferred using Kennedy channelling and momentum.
Wave 1, 2 inferred from initial 2010 peak to 2011 retracement low.
Wave 3 inferred from acceleration channel peak
Wave 4 inferred from retracement low following acceleration channel failure
Wave 5 inferred from momentum divergence and failed acceleration channel re-entry
Will the triangle apex signal the end of the bear market? We'll have to wait and see!
X marks the spot for a high-probability bounce for a W2 in progress
1, Wave 4 inferred from acceleration channel floor penetration (X).
2, W4 completion price inferred from confluence of all of the following:
* Base channel upper support
* Deceleration channel centre
* Acceleration shadow channel centre
* Wave 3 38.2% price retracement
3, Wave 5 inferred form estimated W4 end + 100% wave 1
Speculative wave 1 + 2
3:1 Long Position
Long trade on a speculative wave 2 low inferred from confluence of base channel shadows.
Base Channel with shadows (adjacent parallel channels) for the recent wave 1 candidate. Loci indicated by circles.
A first attempt at mapping Kennedy channels using the Fib channel tool. Blue = base. Green = Acceleration. Red = Deceleration. Circles = channel loci.
Kennedy Channels plotted for USDETH
MACD and price convergence
Watch for mid-lower-lower and mid-lower dotted-line crossing up..