WES-T

WES-T

A break down to lower levels to complete the C wave will provide a good buy & hold position. Alternate count suggest a major low was in place 13 March 2020.

WES-T

"R.N Elliott noted that a parallel trend channel typically marks the upper and lower boundaries of an impulse wave, often with dramatic precision. You should draw one as early as possible to assist in determining wave targets and provide clues to the future developments of trends" Elliott wave Principal by Frost & Prechter. Elliott Wave practitioners draw...

WES-T

Bitcoin sits on three different support lines that I think will hold. The yellow trend-line is a long term parallel trend channel connecting primary waves two & four going back to the low of 2015 & the low of 2018. The other support line is the green parallel containing the most recent correction in Bitcoin, price has exited the upper channel line then pulled back...

WES-T

Bitcoins decline from 13851 to 6706 is clearly not an impulsive move down but an overlapping mess making the entire decline a complex correction. The price action from the December 2018 low up to the 26 June 2019 is clearly an impulsive advance defining the trend as up, everything since then has just a pull back in an up ward trend that has much further to go....

WES-T Updated 

Bitcoin has reached the ideal .618 Fibonacci support level common for wave two using Elliotts wave Principal. The corrective pattern its self looks 90% complete with what looks like an ending diagonal into the 618 fib support backed up with RSI divergence when diagonals appear. A pop out of the diagonal will be signal the corrective phase is over and Bitcoins up...

WES-T Updated 

PLAYING WITH THE S&P

WES-T

If green wave 2 retracement complete at 150.82 and the pattern unfolding after is a series of (I) (ii), i ii impulse waves you should expect to see a wave iii move higher. If wave iii comes chances are green wave 2 completed at 150.82 and green wave 3 is under way.

WES-T

The Aussie dollar is set to kick off an impulsive decline to the down side after breaking below a four year bearish triangle. The pattern for now is labeled a bearish (A) (B) (C) correction that began in March 2011. So far it's clear wave (A) & (B) are complete with wave (C) now in progress. The appearance of a triangle is always before the final move of any...

WES-T

Bitcoin reaches Ideal Fib support zone for wave two. The most common fib support level for a wave 2 is the .618 fib retracement level. If the next rally phase is wave 3 of (3) then it should be 1.618 x times (common for third waves) 15 Dec low to 26 June peak. Alternate counts say there at least should be a rally equal to the one from the Dec to June testing the...

WES-T

My wave count for SPX with wave (ii) set to peak around 02/05 March based on fib time spans taken from the markets high on the 27/01/18

WES-T

Current wave count with fibonacci time spans look like wave (ii) should peak around the 02\05 of March. IF wave II does peak on these dates wave V low will devide the entire move from the high into the golden section.

WES-T

On the 23 of January the Italian index touched its upper trend line completing intermediate wave (E) of Primary wave B (circle) triangle. This triangle pattern has been under construction since the low of 2009 and is now complete. This touching of this upper trend line also coincided the the Nasdaq composite and the Nasdaq 100 touching the upper trend line of...

WES-T

Where to from here?