Friday, 10 January 2014

EURUSD, showdown

Hi Traders,

The EURUSD, now a 1.3606, reached the main descending trend line from below (weekly chart) with a two-step pattern and a double top.

After a small rally to 1.3678-1.3720 it should resume the downtrend to 1.3182 and below.

TARGETS

first: 1.3666-1.3720
then
likely: 1.3458-1.3433
possibly: 1.3356-1.3320
maybe: 1.3182

ELLIOTT WAVES

After a gigantic a-b-c-d the EURUSD performed 5 waves down (wave 1 in the weekly chart) and a retracement up with two-step pattern (wave 2 in the weekly chart).

Theoretically, this should be followed by 5 waves down well below 1.3182 if the Euro breaks this important support.




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








Monday, 23 December 2013

USDJPY, zig-zag correction

Hi Traders,


USDJPY

The USDJPY, now at 104.00, made a new top at 104.63 which should be followed by a Zig-Zag correction in 3-5 swings, the last one down to 101.47 and/or 100.60.


TARGETS

likely: 102.77-102.73
possibly: 101.60-101.55
maybe: 100.60-99.96


ELLIOTT WAVES

The daily chart displays 3 impulse waves up which should be followed by a corrective zig-zag in 3-5 waves to form wave 4.

The 4-hour chart shows the completion of wave 3 which was performed in 5 waves of a minor degree.



NOTE

I believe that trading during these holidays is not really worth it due to lack of volume. Real trading should resume from Jan 6th.


Also, wait for an entry signal from the wave oscillator in the daily/4-hour chart before taking any position. The signal is almost there.





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

Wednesday, 18 December 2013

AUDUSD, bouncing back

Hi Traders,

The AUDUSD (now at 0.8915) seems to be ready for a temporary rally to 0.9220 or higher.

TARGETS

likely: 0.9195-0.9220
possibly: 0.9343-0.9389
maybe: 0.9400

ELLIOTT WAVES

The pair has completed 5 waves down in each time frame (daily, 4-hour and 1-hour charts). If this is true, the rule of "multiple five in multiple timeframes" is respected and we expect a reversal.

This is confirmed by the channels being touched 4 times in the daily chart and 4-hour charts.

HOWEVER

The "reversal candlestick" in the 4-hour chart is not very convincing and the market might try to stop you out before shooting up.


WAVE OSCILLATOR

Hence, enter your trade only when you have a valid cross of the 2 black lines in the daily or 4-hour charts.

Remember to place your "trailing stop" according to the "instructions" from the wave oscillator. 





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





Tuesday, 17 December 2013

OIL rally

Hi Traders


The WTI OIL (now at 97.37) is staging a correction to $100.29 or higher.

TARGETS

likely: 99.17-99.56
possibly: 100.29-101.04
maybe:101.98-102.17

ELLIOTT WAVES

We are witnessing a "two-steps pattern", a 1-2-3 correction upwards (4-hour chart). Then the downtrend should resume.





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

Sunday, 15 December 2013

GOLD, almost there

Hi Traders,

GOLD should perfom a short rally to 1238-1244 to  complete wave 4 (1-hour chart) and then resume its way down to reach the last low of the year around the area 1212-1179 (1-hour chart).

If it doesn't breakout the support at 1179 a new uptrend should start to 1400 as a minimum.

TARGETS:

first: a short rally to 1238-1244
then: a new low around the area 1212-1179

after that, new uptrend to:

likely: 1400
possibly: 1475
maybe: area 1522-1530

ELLIOTT WAVES:

The daily chart shows that the small wave 5 (bottom right in green) is not complete. Once it's completed the new up trend should start.

NOTE:

If the small wave 5 moves well below the support at 1179 (1-hour chart) the new uptrend should not take place. Instead, the downtrend might continue to 1012 and lower. 
  





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


Monday, 9 December 2013

USDJPY, New Top + Zig Zag

Hi Traders,

Apologies to all Traders for missing the last 3 weeks. I've been really super busy. Before diving ourselves into the latest analysis let me remind you about the last events of December 2013:

FREE WEBINAR TODAY at 8pm AEST (Sydney Time). To participate CLICK HERE

MOST IMPORTANTLY

ELLIOTT WAVE + WAVE OSCILLATOR BOOTCAMP in Sydney on Monday 16th. To participate CLICK HERE


ANALYSIS: USDJPY




USDJPY, New Top + Zig Zag

The USDJPY, now at 102.98, is close to a new top which should be followed by a Zig-Zag in 3 swings to 101.47.


TARGETS

first a bit up to the area 103.30-103.37

then down

likely: 102
possibly: 101.47
maybe: 101


ELLIOTT WAVES

The 1-hour chart displays a nice a-b (wave b might not be completed yet). Wave b should be followed by wave c to 101.47 or lower.

Once the Zig Zag is completed the uptrend should resume to 105.30-105.60 as a minimum. This new top might not be broken for quite a while.

NOTE

Check the wave oscillator in the daily/4-hour chart before taking any position.







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


Monday, 18 November 2013

Elliott Waves Bootcamp

ELLIOTT WAVES BOOTCAMP



When: Monday, DEC 16th




How Long: 9am-1pm + 2 pm-6pm (8 hours)




Where: SYDNEY




Location: State Library of New South Wales, Macquarie St, Sydney NSW 2000 ‎



Price: $687 (down from $1385)




To RSVP: click "HERE" to be re-directed to a Payment Gateway. 




For further information call Mario D. Conti +61 (0)2 8882 9260 or email to info[at]elliottwaves.com.au

Subject: "MASTERING THE SECRETS OF ELLIOTT WAVES AS A PROFESSIONAL TRADER".



DESCRIPTION



  • Set up an Elliott Waves Set of Charts (on your own laptop).

  • See the many types & shapes of Elliott Waves on real charts

  • Identify & label the Elliott Waves on your charts.

  • Practicing the "wave labelling".

  • Learn ""what pattern to expect" and "when".

  • 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.

  • Learn to successfully master the "Wave Oscillator" to identify safer entry/exit points.

  • Review the "Elliott Wave Principles".




To RSVP: click "HERE" to be re-directed to a Payment Gateway. 


For further information call Mario D. Conti +61 (0)2 8882 9260 or email to info[at]elliottwaves.com.au







Wednesday, 6 November 2013

WTI OIL on target

Hi Traders,


Before getting into the analysis of the WTI OIL, don't forget the incoming:


ELLIOTT WAVES BOOTCAMP


When: Thursday, NOV 14

How Long: 9am-1pm + 2 pm-6pm (8 hours)

Subject: "MASTERING THE SECRETS OF ELLIOTT WAVES AS A PROFESSIONAL TRADER".

Location: City Index Sydney.

Price: $650 (down from $1385)

To RSVP: click on "HERE" to be re-directed to a Payment Gateway. 


  • For further information call Richard Vatner at City Index: 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 

  • successfully master the "Wave Oscillator" to identify safer entry/exit points.



To RSVP: click on "HERE" to be re-directed to a Payment Gateway. 


  • For further information call Richard Vatner at City Index: 02 9270 3618.

...




THE ANALYSIS: WTI OIL on target


The WTI OIL (now at 93.74) is almost on target.  The last wave of the daily chart displays 6 red candles and the weekly chart 8 red candles, meaning that a old downtrend is kicking the bucket and the new uptrend is imminent.


TARGETS

First: 93.10-92.67

then 

likely: 98.83-99.09
possibly: 100.13-100.30
maybe: 102.41-10219

ELLIOTT WAVES

The old downtrend is made of major wave 4 (weekly & daily charts) which, in turn, it's a 5-waves-downtrend (in the daily chart). It might touch the lower boundary of the channel soon.

The last wave of the 1-hour chart displays only 4 small ripples downwards (in green) of the lowest possible grade (out of 5).

The 5th one should take the OIL to the area 93.10-92.67. Then new uptrend should start.

NOTE:

Enter after a confirmation of the "wave oscillator" 
on the 1-hour chart.
Also, out of curiosity, check the timing on the monthly 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