Monday, 12 August 2013

Gold, temp rebound?

Hi Traders,

Gold (now at 1329) reacted to the news of new stimulus measures from China and seems to be heading to the area 1366-1383.

TARGETS

likely: area 1366-1383 then the downtrend should resume.

ELLIOTT WAVES

If this analysis is correct, this should be a temporary uptrend as it represents the "retracement wave 4" on our weekly and daily charts. "Retracement wave 4" will be followed by the very last downtrend (wave 5) with a minimum target of 1176.



weekly chart - click to enlarge







daily chart - click to enlarge







wave oscillator over daily chart - click to enlarge







4-hour chart - click to enlarge







wave oscillator over 4-hour chart - click to enlarge









Friday, 9 August 2013

SPI 200, rebound and fall

Hi Traders,

The SPI200 displays a double top in the 1-hour chart. It might rebound a bit and fall further down

ELLIOTT WAVES

The weekly chart shows that, after completing wave a and wave b, the SPI200 just started wave c. This is part of the large Zig-Zag announced months ago.

TARGETS
up to area 5050-5056
then
likely: area 4830-4798
possible: area 4569-4532
maybe: area 4470-4428

TIMING

Wave c (weekly chart) might end around Sept 15-22

ENTRY
It might rebound to the area 4993-5003 (1-hour chart). Wait for the confirmation of the wave oscillator built over the 1-hour chart and entry your trade.

NOTE

Want to improve your trading with Elliott Waves, Candlesticks and Wave Oscillator? Don't hesitate calling me.







monthly chart - click to enlarge






weekly chart - click to enlarge






daily chart - click to enlarge






wave oscillator over daily chart - click to enlarge






4-hour chart - click to enlarge






wave oscillator over 4-hour chart - click to enlarge






1-hour  chart - click to enlarge






wave oscillator over 1-hour chart - click to enlarge






EURUSD wave count

Hi Traders,

The Euro stopped at the resistance at 1.3400 and completed every possible Elliott Wave count. In addition, the last rally occurred on a constantly falling trading volume (see daily chart) and performed a major double top (weekly chart).

If this analysis is correct, the currency pair has exhausted its upward energy and should start a downtrend.

TARGETS

likely: 1.3265
possible: 1.3147
maybe: 1.2998
medium term: area 1.2777-1.2742

ENTRY

There could be another (very minor) attempt to break the resistance at 1.34. Just wait wave for wave oscillator (4-hour or 1-hour chart) to give you the go.

NOTE:

Need to improve your trading with Elliott Waves and Wave Oscillator? Don't hesitate to contact me.




monthly chart - click to enlarge





weekly chart - click to enlarge





daily chart - click to enlarge





wave oscillator over daily chart - click to enlarge





4-hour chart - click to enlarge





wave oscillator over 4-hour chart - click to enlarge





1-hour  chart - click to enlarge





wave oscillator over 1-hour chart - click to enlarge




Thursday, 8 August 2013

AUDUSD, last leg down (for now)

Hi Traders,

If it stays below 0.9136 it's time to short the AUDUSD to catch the last leg down (minuette wave 5) that should take the pair below 0.8860, possibly to 0.8765 or 0.8578.

After this new low, a new rally should take the pair to the area 0.9395-0.9700.


TARGETS

likely: 0.8860

possibly: 0.8765
maybe: 0.8578

ELLIOTT WAVES


Daily, 4-hour and 1-hour chart show that we completed wave 4 out of 5.


ENTRY


There should be a small rally to 0.9100 or so, which is our entry point. However, check the wave oscillator built upon the 1-hour or 4-hour chart

NOTE:

Please contact me if you need to improve your trading.

Also check https://www.tradingview.com/v/G5RK7PV5/ 


weekly chart - click to enlarge






daily chart - click to enlarge






wave oscillator over daily chart - click to enlarge






4-hour chart - click to enlarge






wave oscillator over 4-hour chart - click to enlarge






1-hour chart - click to enlarge






wave oscillator over 1-hour chart - click to enlarge




Wednesday, 7 August 2013

S&P 500 reversing

Hi Traders,

The S&P500 (now at 1687) might be staging a Major Reversal on S&P500 as the Elliott Waves display an end-of-the-line pattern.

If this analysis is correct, we completed a typical pattern known as "the 5th-of-the-5th-of-the-5th-of-the-5th wave" which is, by definition, the best spot to start a major short.

The Wave Oscillator in the 4-hour chart shows a entry already (short). Not so from the the Wave Oscillator  built upon a daily chart.

ENTRY

There could be a minor rally to 1694-96 or so (1-hour chart): wait for this minor pullback before getting in.

TARGETS

likely: 1596
possible: 1530
maybe: 1417

TIMING

Note the Timing on the daily chart. This reversal was supposed to be on Aug 3rd (36 days) which, unfortunately fell  on a Saturday. Hence it was shifted to August 5th (38 days)

TRADING WORKSHOPS & ONE-TO-ONE
Please contact me if you want to make your trading profitable.

FINALLY
check this analysis on Google Trading View or StockTwits (Google)




weekly chart - click to enlarge




daily chart - click to enlarge




wave oscillator built upon the daily chart - click to enlarge




 4-hour chart - click to enlarge




wave oscillator built upon the 4-hour chart - click to enlarge




 1-hour chart - click to enlarge




wave oscillator built upon the 1-hour chart - click to enlarge


SPI 200, heading South

Hi Traders,

The SPI 200 (now around 5000) displays a breakout in the 4-hour chart to start a new downtrend.

TARGETS

likely: area 4597-4561
possible: 4455 and 4320
maybe: area 4173-4133

ELLIOTT WAVES

The SPI 200 is performing a large a-b-c (a Zig-Zag) and it started now "wave c" heading to the area 4473-4433 or lower.

TIMING

There's a possible Time Turning Point (TTP) around Sept 9-22, 2013 (weekly chart) and another around Apr 26, 2014 (monthly chart). Theoretically, the SPI 200 could reach a low around Sept 9-22 (weekly chart) and perform a new high around Apr 26. The other TTP in the daily chart (vertical red lines) may refer to a relative low or top for August 24-25, 2013




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


Tuesday, 6 August 2013

WTI OIL, retracement

Hi Traders,

The WTI OIL (now at 106.33) performed a double top and seems to be ready for a juicy downturn.

TARGETS

likely: area 103.73-103.36
possible: area 100.60-100.41
maybe: area 99.20-97.35

ELLIOTT WAVES

Conventional technical analysis displays a breakout of the triangle in the monthly & weekly charts. ie: a new major uptrend (wave 1) started the last week of June 2012 and ended mid July 2013.

The daily chart shows that this uptrend was regularly performed with 5 waves up (from point C). Hence, we expect quite a deep retracement, possibly to the area 99.20-97.35.

ENTRY POINT

The 1-hour chart shows that if  you entry now you may be able to get a short up to the area 105.34-105.45 or lower. Alternatively, if you trade the daily chart or the 4-hour chart, wait for the wave oscillator to give you the go.

The 4-hour chart displays wave 1 & 2 (in magenta). This is usually a good entry point



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