tag:blogger.com,1999:blog-39325551440543860402024-03-14T20:13:17.732+10:00ELLIOTT WAVES by FX TUTORSThis is a Free Trading Newsletter about FX, Indices and Commodities.
"Elliott Waves by FX Tutors" is not linked to any business.
Senior Analyst: Mario D. Conti.Mario D. Contihttp://www.blogger.com/profile/14873851677587381070noreply@blogger.comBlogger296125tag:blogger.com,1999:blog-3932555144054386040.post-51791221312784062382022-07-26T19:55:00.013+10:002022-08-01T19:32:26.818+10:00BITCOIN LAST DIVE? Hi Traders,After a small retracement up to 24-25000 Bitcoin (now at 23330) could be staging a sell off that will ultimately take it to 12000. However, this should be the last major dive.ELLIOTT WAVESBitcoin is soon to complete a major a-b-c wave started in Nov 2021 (see the weekly chart). Note the targets: the three blue horizontal lines at 9172, 11888 and Mario D. Contihttp://www.blogger.com/profile/14873851677587381070noreply@blogger.com0tag:blogger.com,1999:blog-3932555144054386040.post-36246632687393711272021-03-19T19:17:00.005+10:002021-03-19T19:19:33.133+10:00S&P 500 ready to sink? Hi Traders,The S&P500 (now at 3920) ha completed the whole set of Elliott waves up and seems to be ready for a big dive to 3400.ELLIOTT WAVESThe weekly chart reveals that It's topping. It could be the top of wave 3 (in blue).The daily chart shows the reverse candlestick (runaway pattern ) at 553 and the likely target at 3391.6.The 4-hours and the 1-hour charts display the Mario D. Contihttp://www.blogger.com/profile/14873851677587381070noreply@blogger.com0tag:blogger.com,1999:blog-3932555144054386040.post-83368045984397678092021-01-06T17:21:00.000+10:002021-01-06T17:21:31.030+10:00US dollar to strength soon Hi Traders ,The US dollar has reached the target and should gain versus all main currencies and commodities.WTI OILWTI Oil price is now at $50 (right on the 61.8 Fibonacci target at $50-51). Besides, it has completed all waves up (see weekly and daily chart). However, it might attempt a jump up to $54 before reversing.AUDUSDAUDUSD (now at 0.778) has completed all waves up and is on target Mario D. Contihttp://www.blogger.com/profile/14873851677587381070noreply@blogger.com0tag:blogger.com,1999:blog-3932555144054386040.post-61473312845325741162020-07-23T20:45:00.003+10:002020-08-12T08:52:11.873+10:00GOLD close to top?
Hi Traders,
Gold (now at 1883) is really close to the previous top at 1922. After that, it's uncharted territory. Hence, it might reverse anywhere between 1890 and 2100. Prepare for a roller coaster.
ELLIOTT WAVES
The monthly chart shows that the exponential rally started on Aug 16, 2018 has completed all five waves up and this seems to be confirmed by the weekly, daily, 4-hours Mario D. Contihttp://www.blogger.com/profile/14873851677587381070noreply@blogger.com0tag:blogger.com,1999:blog-3932555144054386040.post-88156089272254693252020-06-09T10:43:00.002+10:002020-06-09T10:47:11.163+10:00AUDUSD to top & reverse?
Hi Traders,
The AUDUSD (now at 0.7038) entered the target area 0.700-0.756 (see monthly, weekly and daily charts). It might top soon and temporarily reverse to the area 0.67-0.65.
ELLIOTT WAVES
The monthly, weekly and daily charts show the upper target area at 0.700-0.756.
The 4-hours chart reveals that the whole set of main waves and sub-waves is practically Mario D. Contihttp://www.blogger.com/profile/14873851677587381070noreply@blogger.com0tag:blogger.com,1999:blog-3932555144054386040.post-53241187301993228872020-04-15T19:06:00.000+10:002020-04-15T20:21:19.129+10:00WTI OIL to bounce back
Hi Traders,
Unless the WTI Oil drops below $19, it could recover to $42 or even 54.42.
ELLIOTT WAVES
In the monthly chart, the last candle is an inverted hammer. This implies a temporary rebound (therefore the downtrend should resume soon after) and also a rebound limited to $54.42. The most likely target should be $42.
The daily chart, the 4-hours chart and the 1-hour chart show Mario D. Contihttp://www.blogger.com/profile/14873851677587381070noreply@blogger.com0tag:blogger.com,1999:blog-3932555144054386040.post-73505307182273299772019-07-08T20:37:00.002+10:002019-07-08T20:42:41.289+10:00Gold turning South
Hi Traders,
Gold (now at 1405) initiated a sharp downturn that might drag it down to 1300 and below.
ELLIOTT WAVES
After the low at 5c, the monthly chart staged a 1-2-3-4-5 that seems to be completed. Consequently, Gold could start a downturn to the 1300 area.
This 5 waves pattern looks like a large Wave 4 of a downtrend. In this pattern, the first 4 legs Mario D. Contihttp://www.blogger.com/profile/14873851677587381070noreply@blogger.com0tag:blogger.com,1999:blog-3932555144054386040.post-69352824068042158862019-05-23T22:39:00.003+10:002019-05-27T20:38:47.038+10:00Red alert for the ASX 200
Hi Traders,
Although the ASX 200 (now at 6475) has still the potential to get to 6800, the current uptrend doesn't seem trustworthy anymore and it might be more prudent taking your profit home.
ELLIOTT WAVES
The monthly chart shows a pattern that could be a giant wave 4 unfolding with an a-b-c. Wave b, made of 5 waves up, is almost complete (although Mario D. Contihttp://www.blogger.com/profile/14873851677587381070noreply@blogger.com0tag:blogger.com,1999:blog-3932555144054386040.post-42828970655905658302019-03-02T21:25:00.001+10:002019-03-02T21:33:37.314+10:00WTI OIL just topped
Hi Traders,
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ANALYSIS
The WTI OIL (now at 55.73) just topped. Closest target: the area 53-51 (theoretically, 51.24).
ELLIOTT WAVES
The monthly chart reveals that the WTI OIL unfolded four major waves down (in magenta) and started major wave five downward after the top at 77.
In the Mario D. Contihttp://www.blogger.com/profile/14873851677587381070noreply@blogger.com0tag:blogger.com,1999:blog-3932555144054386040.post-90892704277121750202019-02-22T21:26:00.000+10:002019-02-22T21:30:07.549+10:00Gold just topped
Hi Traders,
For those who want to get to the professional level, please check my mentor program.
ANALYSIS
Although I thought that Gold (now at 1323) was going to top at 1333/4, it topped at 1346/7. The next leg should point down, starting with the target at 1236.
ELLIOTT WAVES
The monthly and weekly charts display a large wedge which is an accumulation Mario D. Contihttp://www.blogger.com/profile/14873851677587381070noreply@blogger.com0tag:blogger.com,1999:blog-3932555144054386040.post-21007846089211154262019-01-09T16:06:00.003+10:002019-01-10T13:37:05.937+10:00The EURO to top soon?
Hi Traders,
The Euro (now at 1.146) might not make it through the 1.165 resistance. Hence, it could reverse course soon to target the area around 1.1040.
ELLIOTT WAVES
The monthly and weekly charts reveal some information:
1) The Euro is performing an a-b-c retracement wave from the top at 1.6037.
2) Wave c is sub-divided in 5 waves down. Wave four seems is
fully deployed and Mario D. Contihttp://www.blogger.com/profile/14873851677587381070noreply@blogger.com0tag:blogger.com,1999:blog-3932555144054386040.post-83649879160092651382019-01-03T12:21:00.002+10:002019-01-03T14:53:13.709+10:00Gold to top soon?
Hi Traders,
Happy New Year! This is the first newsletter of the 2019.
For those who want to get to the professional level, please check my mentor program.
ANALYSIS
Although Gold is trying to get to the area 1300-1308 (see the target lines in the daily chart), it also shows the signs of a commodity running out of steam and it might turn South before reaching that target.
Note the exhaustionMario D. Contihttp://www.blogger.com/profile/14873851677587381070noreply@blogger.com0tag:blogger.com,1999:blog-3932555144054386040.post-35812994602793382482018-11-11T21:35:00.000+10:002018-11-14T09:51:55.540+10:00WTI OIL bouncing back
Hi Traders,
For those traders who want to get to the professional level, please check my mentor program.
ANALYSIS
As predicted in my previous post, the WTI Oil (now at USD 59.81) started a major downtrend on Oct 10 and it is on way to reach the target in the USD 55-54 area (see the weekly chart).
It should then bounce back to the area USD 65-66.
ELLIOTT WAVES
The Mario D. Contihttp://www.blogger.com/profile/14873851677587381070noreply@blogger.com0tag:blogger.com,1999:blog-3932555144054386040.post-5191359904063576672018-09-03T18:17:00.002+10:002018-09-16T17:05:30.723+10:00WTI OIL: end of the line?
Hi Traders,
Although the WTI OIL (now at 70.34) can still edge up a bit, it might not make it higher than 72.60 and the long awaited major downturn could set in soon. Targets: the area 68-67 followed by the supports at 64-63 and 61-60.
ELLIOTT WAVES
The weekly chart reveals that the inclination of wave 2 is perfectly identical to the inclination of wave 4 (see the Mario D. Contihttp://www.blogger.com/profile/14873851677587381070noreply@blogger.com0tag:blogger.com,1999:blog-3932555144054386040.post-51097557557316626662018-08-20T11:42:00.000+10:002018-08-20T18:42:24.849+10:00Gold to rebound?
Hi Traders,
XAUUSD (now at 1184) bottomed at 1160 and started a new rally. Target 1235 and 1250.
ELLIOTT WAVES
The identification of the Elliott Waves often poses some real challenges when it comes to some complex waves labelled by the purists "wyz-x-wyz". Hence, for the time being, I prefer to avoid that fancy stuff and stick to the hypothesis of a wedge formation, labelled 1-2-3-4. See&Mario D. Contihttp://www.blogger.com/profile/14873851677587381070noreply@blogger.com0tag:blogger.com,1999:blog-3932555144054386040.post-13608543716279658692018-08-19T18:06:00.000+10:002018-08-19T18:11:39.719+10:00YUAN: Top & Reverse
Hi Traders,
The USDCNH, (the inverse of Chinese Yuan), now at 6.83, topped and reversed the sharp rally started on March 27, as predicted in my previous post. Next target: 6.69.
ELLIOTT WAVES
The weekly and the daily charts showes that the USDCNH staged a very sharp rally by means of a five-pattern-wave. Unfortunately, given the limited history of the USDCNH, Mario D. Contihttp://www.blogger.com/profile/14873851677587381070noreply@blogger.com0tag:blogger.com,1999:blog-3932555144054386040.post-17860061499082482862018-08-06T09:38:00.001+10:002018-08-06T18:28:48.535+10:00The USDCNH to top soon?
Hi Traders,
The USDCNH, (the inverse of Chinese Yuan), now at 6.84, has reached the target area at 6.86-6.92 where it stopped and reversed the sharp rally started on March 27, at least temporarily.
ELLIOTT WAVES
The weekly and the daily charts show that the USDCNH has reached the target area (the blue horizontal lines) where it was expected to top.
However, this might not be the "big Mario D. Contihttp://www.blogger.com/profile/14873851677587381070noreply@blogger.com0tag:blogger.com,1999:blog-3932555144054386040.post-53865606310739172952018-08-02T12:49:00.001+10:002018-08-02T18:12:39.574+10:00The pound to resume the downtrend?
Hi traders,
The GBPUSD (now at 1.31182) shows extreme weakness and should resume the downtrend to 1.30.
ELLIOTT WAVES
The monthly and weekly charts show that the Pound is unfolding "major wave five" (downward) with a very long term target below 1.18.
The daily, 4-hours and 1-hour charts reveal that we are witnessing the last leg of the very minor wave 5 Mario D. Contihttp://www.blogger.com/profile/14873851677587381070noreply@blogger.com0tag:blogger.com,1999:blog-3932555144054386040.post-15627877424724838462018-08-01T12:35:00.000+10:002018-08-01T15:11:31.231+10:00Dow Jones looking really scary
Hi Traders,
The Dow Jones (now at 25375) seems to defy the good fundamentals of the US economy. In fact, it is now staging a correction heading to the area 25000-24700
ELLIOTT WAVES
As you can see in the weekly chart, the DJ30 is unfolding a typical wave four, which is made of an a-b-c pattern. Wave a (down) and wave b (up) are completed and wave c (down) just started Mario D. Contihttp://www.blogger.com/profile/14873851677587381070noreply@blogger.com0tag:blogger.com,1999:blog-3932555144054386040.post-59863694286466195152018-07-30T20:19:00.000+10:002018-08-02T18:03:54.166+10:00FT100 & SPI200 to turn South?
Hi Traders,
Both the British FT 100 index (now at 7620) and the Australian SPI 200 index futures (now at 6230) might be aiming for a correction.
ELLIOTT WAVES
The fundamentals for this turnaround seem to be exclusively political for both countries but, on the technical side, the two indices might head to a similar destiny despite a different wave count.
FT 100 index
The Mario D. Contihttp://www.blogger.com/profile/14873851677587381070noreply@blogger.com0tag:blogger.com,1999:blog-3932555144054386040.post-52971901626876152702018-06-14T18:39:00.000+10:002018-06-14T18:45:44.873+10:00THE OIL TO TURN SOUTH AGAIN?
Hi traders,
The WTI OIL (now at 66.63) is approaching the theoretical Turning Point at 67.20-67.42 where it should resume the downtrend to the area at 62.74-62.35.
ELLIOTT WAVES
The monthly chart shows that we might have witnessed the last retracement wave up (at 5 4 ) before the final dive which will deploy wave-5 downwards (not labelled yet).
The weekly Mario D. Contihttp://www.blogger.com/profile/14873851677587381070noreply@blogger.com0tag:blogger.com,1999:blog-3932555144054386040.post-47301387144680019632018-06-13T19:35:00.002+10:002018-06-14T09:11:48.944+10:00Time to Short the USDSGD?
Hi Traders,
The USDSGD (now at 1.3361) seems to be ready for a big dive as it shows clear signs of extreme weakness. It might be heading to the 1.3147 area sooner than later.
See the blue target lines in the monthly chart and in the weekly chart.
ELLIOTT WAVES
The monthly chart shows the completion of major wave 4 around January 3, 2017. That Pivot Point Mario D. Contihttp://www.blogger.com/profile/14873851677587381070noreply@blogger.com0tag:blogger.com,1999:blog-3932555144054386040.post-86403500372691145542018-06-12T18:59:00.002+10:002018-06-12T19:32:11.411+10:00Time to short the Aussie?
Hi Traders,
The AUDUSD (now at 0.7615) is mocking up the Titanic as it seems to be ready to sink. Although there is still a chance for a small rally to the area 0.7638-42, it shows clear signs of extreme weakness and it might be heading to the 0.73 area sooner than later.
See the blue target lines in the weekly chart.
ELLIOTT WAVES
The monthly chart and the weekly chart show the Mario D. Contihttp://www.blogger.com/profile/14873851677587381070noreply@blogger.com0tag:blogger.com,1999:blog-3932555144054386040.post-39818027246490373322018-05-23T21:04:00.002+10:002018-05-23T21:14:02.507+10:00WTI OIL to top soon?
Hi traders,
The WTI OIL (now at 71.75) is loosing steam and might top soon. Although my target is still the area 74.91-77.13, it might actually top before 74.00
ELLIOTT WAVES
The weekly chart shows the giant a-b-c started in Feb 2016 where wave-c is almost completed. Wave-a and wave-b are fully deployed whilst wave-c is in the very final stage.
The&Mario D. Contihttp://www.blogger.com/profile/14873851677587381070noreply@blogger.com0tag:blogger.com,1999:blog-3932555144054386040.post-40876243035690162692018-04-04T13:04:00.000+10:002018-04-05T16:53:00.976+10:00WTI OIL STILL HEADING SOUTH
Hi traders,
I am grinning as I got it right again. At present, the WTI OIL (now at 63.35) seems to be heading towards the 57.30 area as it's performing a retracement wave (see my previous post). However, there is still a chance for a small jump to the area 64.15-64.64 before heading South.
ELLIOTT WAVES
The weekly chart shows the giant a-b-c started in Mario D. Contihttp://www.blogger.com/profile/14873851677587381070noreply@blogger.com0