Pattern repeat itself 1980s (B) peak is equivalent to 2012 (B). Bottom of the trend from 1982 (C) was repeated in 2015 (C). D = D, E = E etc. In the next few months, we will see sidewards then downturn movement (red lines on the plot). A bull market for gold will begin around 2020/1. In 1980 and 2012, the price of gold increased by ~7-8 times when compared to...
Hello everyone, At this moment we are in N -> O retracement that may take another 2 weeks. Next move O -> P will be close to the top of the market. Subsequently, R -> S move will be the last upward move before the crash. The stock market crash is approaching fast and according to my calculations... mid-2019 will reach the final top on SPX.
USOIL is inversely correlated to DXY. It means: in long-term prices of commodities such as XAUUSD, XAGUSD and USOIL (RED ARROW) will go up as DXY will continue going south. DXY - Elliott waves
Long term forecast for General Electrics/GE. Please watch this video: "My investment in GE is 'one of the biggest mistakes of my career'" www.cnbc.com Share prices of GE are correlated with global stock market crashes. It means we just entered a phase of a global economic meltdown. In short-term I expect price to move up then down however, in long term GE is...
Decided to make an update on my last plot of DXY from 24th Aug '17 (chart below). So far, everything looks good!! We are still in F -> G move I'm expecting price continue to move up until December 2017. Reasons for that: in short-term Trump will announce new Fed chair, in long-term expectations of FED to hike rates by 25bp. XAUUSD (gold) will trade in opposite...
Very nice consolidation on XAUUSD, price remains between 0.5 and 0.6 fibo. From my observations, XAUUSD moves in opposite direction as DXY. Price of DXY will go down after December's rates hike and by the same XAUUSD will move up from consolidation point. Rate hike odds: www.cmegroup.com Until that time DXY will oscillate around 94-95 points and XAUUSD...
As described on the plot, first red candle on weekly time frame indicates long term correction up to previous high/support level.
All visible indicators show me that XAUUSD will continue moving down for next few weeks maybe months but afterwords will reverse. XAUUSD is inversely correlated to DXY that means DXY is moving up while XAUUSD is moving south:
Analysis based on Elliott waves, patterns repeat itself: 1980s - 2000s - 2020s Long term prediction on US Dollar Currency Index, bottom on the DXY will be reach around 2020s. Until that time we will see slow move down. We are in F -> G move, which means small upward move should happen in several weeks maybe months. Nonetheless, in long term I predict...
We are in E -> F wave, which means break out from 1300$ and then short term move down (F ->G) to 0.5 fibo. At this exact moment (24.08.07) we are in sideway move, which fits February pattern (17th-23rd 02.07). New plot is continuation of previous work, that was active for two months. Please check:
Dollar will move down in the next few weeks and touch EMA at 0.618 fibo. Then price will temporarily jump up, finally strongly move down - visible on a plot. DXY is inversely correlated to XAGUSD, it means XAGUSD will move up (weeks), strong down ~ 1180/60$oz (months away) finally strongly up as DXY will go down (years).
Price will move up to touch EMA. RSI indicates overbought levels, in this case XAUUSd will move down in few weeks time.
I think ETH bubble is bursting, I sold my cryptocoins Friday 8th (morning time). Will buy cryptos in the future but now awaiting for the price to bottom.
So far we got it right, my previous plot was very accurate and nicely predicted major trends. On 7th June we got false outbreak from the major downward trendline that scared me a bit but finally price moved down as predicted. In my perception trend will continue as described on the plot, check oscillators at the bottom of the plot. There are still elections is...
Previous chart was correct, please read description: This time I predict price to move toward EMA then bounce up temporarily as FED's meeting is getting closer.
My previous two plots on ETHUSD were very accurate, please check: In my perception ETHUSD is overbought alike BTCUSD. Price has to go down for both of these cryptocurrencies. Please have a look at the oscillator they still have some space to go down.
My previous plot was very accurate: I have a bad information for people investing in BTCUSD... there is still lots of room for BITCOIN to fall! Please have a look at the oscillators at the bottom of the page. There are also other reason why I see BTC to move down. I have cached out yesterday when price was ~2400$ Please check my other plots for crypto's God...
My last plot was published ~9H ago, prediction was very accurate as I managed to correctly analyse ETHUSD before it moved down. I didn't expect BTCUSD to move down so much. I looks like ETHUSD and BTCUSD are moving in very similar way. In this case I have to upload my plot and match it with BTC. In my perception we are going to see downward move. Price have...