Thursday 31 October 2013

WTI OIL, almost there

Hi Traders,

Before getting into the analysis of WTI OIL, don't forget my Elliott wave Bootcamp in SYDNEY.

THURSDAY Nov 14: ELLIOTT WAVE BOOTCAMP in Sydney (8 hours for $650).


Subject: "MASTERING THE SECRETS OF ELLIOTT WAVES AS A PROFESSIONAL TRADERS". Hosted in City Index Sydney.


If you want to be part of the ELLIOTT WAVE BOOTCAMP in Sydney:

  • click on "HERE" to be re-directed to a Payment Gateway.
  • for further information call Richard Vatner at City Index Sydney: 02 9270 3618.



DESCRIPTION

  • Learn to successfully master the "Wave Oscillator" to identify safer entry/exit points.
  • Spot the major turning points.
  • Identify profitable long running trades
  • Identify and avoid bad losing trades
  • Keep your trades running for as long as needed 
  • To successfully master the "Wave Oscillator" to identify safer entry/exit points.
  • Spot the major turning points.
  • Identify profitable long running trades
  • Identify and avoid bad losing trades
  • Keep your trades running for as long as needed 



    If you want to be part of the ELLIOTT WAVE BOOTCAMP in Sydney:

    • click on "HERE" to be re-directed to a Payment Gateway.
    • for further information call Richard Vatner at City Index Sydney: 02 9270 3618.



    ...




    THE ANALYSIS: WTI OIL





    The WTI OIL (now at 96.60) did exactly as predicted and it's moving to target area around 95.00-94.79.

    After hitting the new low it should start a new uptrend that might take it to the area 104.00-104.31 (see weekly chart).

      
    TARGETS

    First: 95-94.79

    then 

    likely: 98.88-99.22
    possibly: 101.72-102.07
    maybe: 104.00-104.31

    ELLIOTT WAVES

    The weekly chart shows that this is the first leg down of wave 4.


    A pullback is expected to 104-105. This might be followed by another leg down to form an "a-b-c" ending around level 91.00.

    NOTE

    However, if the oil doesn't perform a zig-zag (a-b-c), it might stretch straight to the area 112-115 (weekly chart).






    Monthly chart, click to enlarge






    Weekly chart, click to enlarge






     Daily chart, click to enlarge






    Wave oscillator applied to the daily chart, click to enlarge






    4-hour chart, click to enlarge






    wave oscillator applied to the 4-hour chart, click to enlarge






    1-hour chart, click to enlarge






    wave oscillator applied to the 1-hour chart, click to enlarge

    Wednesday 30 October 2013

    GBPUSD, double top

    Hi Traders,



    Before getting into the analysis of GBPUSD, don't forget to REGISTER FOR THE 2-HOUR ELLIOTT WAVES FREE SEMINAR IN SYDNEY TOMORROW.


    All this powerfully organised & hosted by the mighty City Index in Sydney.


    At the Seminar you will have a fair idea of "How to":
    • recognise & label each wave properly
    • predict the direction of new trends
    • correctly identify the starting point of new trends
    • determine targets
    • identify Entry and Exit point in daily, 4-hour and 1-hour charts.



    Your approach to trading will change foreverThis is a chance NOT TO BE MISSED to get a true insight of Elliott Wave Trading. 



    TO BE SURE THAT YOU GET YOUR SEAT call Richard Vatner +61(0)2 9270 3618 and mention "MDC" (Mario D. Conti) or leave a message.




    ANALYSIS: GBPUSD




    The Pound (now at 1.6050) displays a double top in the daily chart that should take the pair to the area 1.5706-1.5692. Be aware that in the very short term (1-hour chart) it might bounce back to the area 1.6097-1.6109 or higher.

    That should be your entry point to the target far below.

    TARGETS:

    first to: 1.6097-1.6109
    then
    likely:  1.5706-1.5692
    possibly: 1.56
    maybe: 1.5542

    ELLIOTT WAVES:

    The GBPUSD is in a uptrend and performed 3 waves up (out of 5). The one it's performing now is the retracement wave 4. Hence, don't expect the Pound to move down in one go.

    If this analysis is correct, it will display 3 to 5 waves down (a-b-c or a-b-c-d-e).

    NOTE:

    I'm under the impression that the BOE entered with an heavy hand around 1.6260. However, it should leave the market alone as long as the pounds keeps dropping.




    monthly chart - click to enlarge









    weekly chart - click to enlarge






    daily chart - click to enlarge






    wave oscillator over the daily chart - click to enlarge






    4-hour chart - click to enlarge






    wave oscillator over the 4-hour chart - click to enlarge







    1-hour chart - click to enlarge 





    wave oscillator over the 1-hour chart - click to enlarge


    Sunday 27 October 2013

    WTI OIL

    Hi Traders,

    Before getting into the analysis of WTI OIL, don't forget my webinars and seminars this week.

    All this powerfully organised & hosted by the mighty City Index in Sydney.

    At the Seminar you will have a fair idea of "How to":
    • recognise & label each wave properly
    • predict the direction of new trends
    • correctly identify the starting point of new trends
    • determine targets
    • identify Entry and Exit point in daily, 4-hour and 1-hour charts.

    Your approach to trading will change foreverThis is a chance NOT TO BE MISSED to get a true insight of Elliott Wave Trading. 

    TO BE SURE THAT YOU GET YOUR SEAT call Richard Vatner +61(0)2 9270 3618 and mention "MDC" (Mario D. Conti) or leave a message. 


    ...

    THE ANALYSIS: WTI OIL

    The WTI OIL (now at 97.90) stopped right on a major support. However, it might set another attempt to drop to the 95 area before starting the new uptrend.
      
    TARGETS

    First: 95-95.90

    then 

    likely: 98.60-98.88
    possibly: 101.72-102.07
    maybe: 104-104.31

    ELLIOTT WAVES

    Although the daily chart displays 5 waves down, the 1-hour chart shows only  wave 4 (in red), stating the need of wave 5 and a new low (or a double bottom). Then the new uptrend should start.

    NOTE:

    The 1-hour chart also displays a double bottom and a reversal candlestick but those patterns may not be enough to justify a new uptrend straight away.

    If this analysis is correct, we still need this little 5th wave downwards (in the 1-hour chart) before starting the new uptrend.



    Weekly chart, click to enlarge





     Daily chart, click to enlarge





    Wave oscillator applied to the daily chart, click to enlarge





    4-hour chart, click to enlarge






    wave oscillator applied to the 4-hour chart, click to enlarge





    1-hour chart, click to enlarge





    wave oscillator applied to the 1-hour chart, click to enlarge