Please don't forget that we hold two webinars every Wednesday:
- one at 7pm (Sydney time)
- one at 7pm (Perth time)
ps: Don't miss the last chart at the bottom
SITUATION
Although waves 1 to 4 somehow coincide in each daily chart, this correlation looks broken afterwards, with only FT100 and SPI200 showing 5 waves (of a minor grade) to the top.
This means that:
- all charts might start a major reversal in the the week 25Feb-1Mar or even the incoming one
- OR
- they are actually starting a very minor reversal down (wave 4) followed by a minor double top (wave 5). Only then, the major reversal would take place.
click on the chart to enlarge and "esc" to exit
See the double top in the FT100 below - which comes usually a week earlier then the other markets. Note the Stochastic in negative divergence although both the awesome osc. and the wave osc. don't give us any go yet.
click on the chart to enlarge and "esc" to exit
DJ30 and S&P500 below show a very distressed reversal candlestick formation called "wheezing pattern" at the top, meaning an imminent reversal.
Whether this is going to be a major reversal or instead a small a-b-c down followed by a double top this is not clear.
At present there seem to be only 3 waves up out of 5. Note the Stochastic in negative divergence although both the awesome osc. and the wave osc. don't give us the go yet.
click on the chart to enlarge and "esc" to exit
Yet again 3 waves up only - out of 5 - for the S&P 500 below with the wheezing formation which is by definition a very bad sign. Note the Stochastic in negative divergence although both the awesome osc. and the wave osc. don't give us the go for a major reversal yet.
click on the chart to enlarge and "esc" to exit
Instead,the SPI200 below shows the completion 5 ripples up plus the reach of the expected target at level 5000. Actually, level 5041 is the perfect "50% retracement up" of the major slump occurred in 2007-09.
click on the chart to enlarge and "esc" to exit
Finally, note the weekly chart of the SPI200 just below. We have some significant coincidences:
- we reached the same top 3 times
- the last wave looks a "two step pattern" which is a 3-wave pattern (completed or almost near 5041)
- Note the TIMING: if the 18 weeks pattern will be repeated, the reversal should occur the week 25Feb-1Mar or even the incoming one.
click on the chart to enlarge and "esc" to exit
No comments:
Post a Comment
Hi Traders. Tell me if you agree or (politely) disagree.
Note: only a member of this blog may post a comment.