Thanks for sharing the chart. Fibs clock well to confirm this as a 5 wave down. I think a reasonable target is 1.2242 as you have it there. There is a Fib projection of wave 3 at 1.2260, so this range is where I would look to take profit. What ...

Elliott wave outlook

maybe, the downward pressure is strong. However, sell-off in stocks has paused at key levels e.g. S&P = 1500

Elliott wave outlook

As you said 12 hours ago re: EJ: below 125.90 the market could hit 125.30 - 125.05 or 124.90 then 1.2845/50

Elliott wave outlook

silver & gold back up where they started in the middle of their triangle consolidation areas Dow & S&P down but nowhere lower than earlier this week

Elliott wave outlook

wave 5 of ending diags coming up on most charts

Elliott wave outlook

As Luis just pointed out, it's a risky trade instrument and is pegged (by SNB) at 1.20 at the topside... and no real opportunities there at the moment (that i know of). EU, EJ and GU are getting coverage here because those are the current ...

Elliott wave outlook

me, not at the moment - why, you have anything to share?

Elliott wave outlook

That looked like 5 waves in that spike up. Zigzag wave 2 apparent from 15700 to ~15743 ?

Elliott wave outlook

Whoa, exit BoE QE... Cable jumps

Elliott wave outlook

CG, EU is now putting in a 5w C and should complete subwave 5 to 1.36 as you show in your latest chart. I'm going to short there with a tight stop. EJ is advancing slowly and an ending diagonal looks the game - let's keep an eye on that whilst ...

Elliott wave outlook

Hi friends, been online but not checking this thread - was setting up another laptop to share the workload - hopefully get on-the-fly chart labelling & sharing going over the weekend Let me review what's been posted and then I'll join the ...

Elliott wave outlook

Hi there Luis. No problem about the video - I can wait. Just checking what has been happening while I was sleeping. I see EWI now say they expect S&P to go to 1525

Elliott wave outlook

Sentiment will change. I am sure of that. And for me (and everyone else in this forum) it's not about rigidity. Just by applying EW one learns to be flexible and to, say, switch from bearish to bullish in a moment. So we all have views of what's ...

Elliott wave outlook

That's the scenario we are talking about - provided the charts confirm

Elliott wave outlook

I'm gonna check it out - we're in different timezones. when you say 07:30 what time is that GMT ?

Elliott wave outlook

I posted this earlier (seems same time as your chart) with some targets. They seem to still be valid, coz PA has hit 50% retracement without putting in 5w down so 61.8% may be the destination. image

Elliott wave outlook

Those fib relationships seal it for me. OK, if the count is wrong you can just put it in the dustbin of history and say the market was playing tricks. In terms of a low risk trade, you seem to have a good plan, but remember that there is going to be ...

Elliott wave outlook

If this plays out the way you anticipate you, my friend, will be hailed as an EW visionary who saw through the riddles and walked across an invisible bridge to attain arcane knowledge edit: I've positioned to catch that 3rd wave down

Elliott wave outlook

Dunno how to get the chart from Luis's post in here quick-quick (wanted to to do a side-by-side comparison). Anyhow, Luis is seeing continuation upward, but CG's chart has more downside (also implied on Luis's optional count) so lets see what ...

Elliott wave outlook

Thank you what007ever

Elliott wave outlook