It looks like EUR/USD has completed its expanded flat correction at 50% fib level. If this wave count is valid. We could see a next leg up to 1.3 level in the coming months Right now it looks like this pair is about to continue its move up.
After the all-time-high in december, i've been following the price and it is possible that each leg has 3 wave count. Last night, price broke down to 2012 level. This could be an undershoot of E wave of triangle with E wave forming complex correction pattern If the price does not go under 2012 this could be a start of the next move up to 2200-2300 area
Triangle pattern is almost complete and will be confirmed by price go above 590 For next target, price is consolidating above 1.618 fib of 2018 decline If NASDAQ:NVDA breakout of this consolidation, targeting the move to 2.618 fib.
Now I think MSFT have completed wave E of elliott wave pattern, contracting triangle. Look at D-E equals to 0.618 length of C-D If this wave count is valid, soon NASDAQ:MSFT should breakout to the upside with price target around 250-160
From elliott wave standpoint, the index should be in the 4th wave and about to move up to 4000-4200 before a correction. If we don't see a move up by the end of the month, the index could go down to 3700 before going up.
Now in 1h-4h we have a triangle which is already broken out to the upside which could potentially go to the neckline of large inverse head and shoulder
Now i think we already have an E wave around 1894 and the ratio looks about right If this is correct, i think we will see a move higher, at least to 2000 - 2020 for triangle wave 4 or we can go even higher to around 212x and become an expanded flat. Let's wait and see
In log scale chart you can see that gold has came down and stopped at around 50% fib retracement And when we look at the elliott wave structure from 2070 Gold came down as 3 wave which I labeled WXY After that we had a month long triangle formation which send price down to 1848 Since triangle only occur in 4-b- and "x" wave i interpreted that the triangle...
Here I think we have completed the correction wave WXY with Y composed of double zigzag Now if .22 holds, we should see a move up to .4x - .6x soon
I think S&P500 has completed the correction 4th wave of a 3rd or (1) wave of 3rd (purple) wave When you zoom in you will see a complete structure WXY If 3200 holds, I think next target would be around 3800 to 4200
After broken down from the triangle, price has moved violently down to 1882 and came back to retest the lower boundary of triangle Now i think if the price cannot close above 1920 we should see gold move even lower with price target around 1790-1800 or, in my opinion, even lower to around 1750 Now at 21.00 (Bangkok time) we just had a successful test of...
Now look at the trend line connecting both price and momentum After we broke out of almost 2 years falling wedge, we should move up from now. Look from elliott wave point of view, this could be starting of wave 5, or better yet, even like this
Now we are obviously in the 4th wave Not sure if the correction is over, either way, we should see come correction before moving higher with target of 600+ If the correction is not over, we will see a support around 280 and 230.
If this is truly a descending triangle, we should a big move lower to 1800 or lower before making another leg up Look at fibo of E wave, now price are under the .618 level, so it is very likely that E wave is completed Let's see if we can break 1900 to confirm this pattern
After breaking out of the intermediate term trend line, now we finally get a retest. If we have a successful retest we could go higher from here, first target is 0.4x
I think now we are seeing the start of wave 4 The worst for bull case is we will go to around 190-ish and consolidate before another push higher. I don't like how RSI is never bought... Let's see what's coming for NASDAQ:MSFT this month
Now this pair should go to around 1.251 before we see a retracement Not sure if we will see a test of trend line support but hope so.
I think $DXY is going down in WXY pattern. Now we are in an X sort of triangle If I'm right, we should see a break down from here toward 90.xx or 88.xx Then, we would see a potential double top pattern and see $DXY go way way down Let's see how it unfold *If price go above 94 my idea will be invalidated.