Hmmm, wave e seems to be over, but I dunno... a bigger move down seems to be lurking in the charts - I can "feel it in my water" as my mother likes to say. If my intuition proves to be only wishful thinking then the alternative, I guess, is a longer ...

Elliott wave outlook

I believe the e wave is not complete yet and that the current position (where it meets the rising diagonal) will be the battleground for the 4th wave (alternatively X). You have an opinion about the internal structure of e?

Elliott wave outlook

Beautiful Pictures as Prechter likes to call them...

Elliott wave outlook

Yes, glancing at the proportions of the decline on a 1H chart, it seems a retracement now is appropriate. Thing is, as you say, there is so much congestion above 1.33 that should this be a neckline PA will stop there. I don't think the bulls have it ...

Elliott wave outlook

I would like to put my thoughts here for comment: So, as Elliotticians, we know that news and fundamentals do not drive the market, but that sentiment does. I am thinking that the following factors have a bearing ( ) on where the markets are ...

Elliott wave outlook

CG, your feeling was correct it seems and with the unexpected Fed decision to ease their easing and the implications for USD strength, I have a feeling that (W) and (X) might turn out to be (1)-(2)...

Elliott wave outlook

Hi Luis, Well, good news for our EU shorts is that Bernanke has proposed a cutback in Fed monthly spend (less QE?) so let's see if the USD goes up now... edit: I did not realize you wanted USD weakness for your counts! Sorry, I wrote this without ...

Elliott wave outlook

This chart doesn't show the recent downtrend and there are a few alternate counts which may look confusing but the overall picture seems to show Silver moving back down to the support shelf at 26.00 I wouldn't trade against the trend right now

Elliott wave outlook

OK, upside action while I was sleeping - woke up to a good RSI divergence signal and got in at 1.3420. Good luck the bears!

Elliott wave outlook

MIGS, at first glance maybe, but look at a 5m chart and you will see the "wave 1" is not a permissible wave 1 structure at all - it's a complex a-b-c (of A of (X)) imo...

Elliott wave outlook

Thanks Olu, just let us know when you're about to drop EU again Wondering if this push upwards in the stock indices is going to be sustained or building up to a big sell-off soon... venzen

Elliott wave outlook

Your charts are interesting. The Fib ratios are there but PA intention unclear as you say. As for me I am retaining short positions with worst-case-scenario stops further north and not taking new positions until clearer PA manifests. I guess I will ...

Elliott wave outlook

Hi CG, "complex" as in flat-zigzag-triangle or something else? As I write there seems to be a downward breakout from the recent triangle and a general downmove in most instruments

Elliott wave outlook

Thanks Luis!

Elliott wave outlook

Hi J316, Welcome and nice to have you onboard. Just be clear that the SA40 is not the same as the ALSI - they correlate fairly well on a day to day basis so analysis should apply both ways. IG Markets does not offer the ALSI. What you mention sounds ...

South Africa 40 index

Luis, Excellent counting skills and consistent confirmation of your anticipated moves. appreciate your sharing venzen

Elliott wave outlook

Hi CG, the expanding triangle as X - it's there to see despite not fib'ing well. The undershoot for "e" would make sense as a classic bull trap - though overshoot may also happen just as a surprise... Y down would be a fractal variation of W i ...

Elliott wave outlook

Hi. Apologies I discovered that I had previously created an historic chart at bigcharts.com! Thanks for adding MACD for clarity. Yes, the MACD you added corresponds very well with AO. So, I would agree with the label 3 as is, and 5 where EWI have ...

Elliott wave outlook

infinitus, your count looks good. Pulling the Fib tool across the entire advance puts wave 4 where you'd expect. Some concern tho, that EWI have 3 where you have 5 - could you put a MACD (default settings) on there, please. That will help clarify ...

Elliott wave outlook

Cross, put the count you are talking about on the 4h chart and then it will be easier to discuss it. Don't be shy to post your counts here - we are all sharing and learning, ok?

Elliott wave outlook