Thursday, 1 August 2013

EURUSD reversal, as i said

Hi Traders,

I said on Monday that a reversal was going to start soon and ... here we are. All the rest unchanged.


TARGETS:

likely: 1.32057
possibly: area 1.3159-1.3147
maybe: area 1.2992-1.2975

ELLIOTT WAVES

Monthly Chart
After the top in "d" we expect a trend of 5 waves downwards, being wave 1(down) and wave 2 (up) already in place + wave 3 (down) in its infancy.
Weekly Chart
The above is confirmed by the weekly chart: the "3 soldiers candlestick"  should be followed by a downtrend.
Daily Chart + Wave Oscillator (daily)
See the wave 1 and 2 in red. Volume should pick up soon. There's an exit  signal in the wave oscillator (daily) yet.
4 hour Chart + Wave Oscillator (4-hour)
See the 5 waves up and the 3 soldiers down that should be followed by a small uptrend. 
Note the last wave split in 5 minor waves itself. The wave oscillator shows the early stages of a reversal signal.



monthly chart, click to enlarge




weekly chart, click to enlarge




daily chart, click to enlarge




wave oscillator in daily chart, click to enlarge




4-hour chart, click to enlarge




wave oscillator in 4-hour chart, click to enlarge




1-hour chart, click to enlarge




wave oscillator 1-hour chart, click to enlarge




























SPI200, time turning point

Hi Traders,

The SPI200 has reached its Time Turning Point which was scheduled for today (see vertical lines in he daily chart). If this analysis is correct, next leg with be downwards.

ELLIOTT WAVES

As I said on May 28th, the SPI200 is performing a Zig-Zag (daily chart) made of 3 or  even 5 waves.

We've now completed wave 1 (downwards) as well  wave 2 (upwards) of what it seems to be a typical 1-2-3 retracement wave (see daily chart).

TARGETS

likely: area 4600-4581
possible: 4455
maybe: 4320



monthly chart - click to enlarge




weekly chart - click to enlarge





daily chart - click to enlarge




 4-hour chart - click to enlarge





 1-hour chart - click to enlarge





Monday, 29 July 2013

EURUSD: reversal?

Hi Traders,

If the EURUSD stays below the resistance area at 1.3300-1.3336 there's a good chance of an imminent reversal. If this analysis is correct, the current value (1.3280) could be the perfect entry point for a long downtrend.

TARGETS:

likely: 1.32057
possibly: area 1.3159-1.3147
maybe: area 1.2992-1.2975

ELLIOTT WAVES

Monthly Chart
After the top in "d" we expect a trend of 5 waves downwards, being wave 1(down) and wave 2 (up) already in place + wave 3 (down) in its infancy.
Weekly Chart
The above is confirmed by the weekly chart: the "3 soldiers candlestick"  should be followed by a downtrend.
Daily Chart + Wave Oscillator (daily)
See the wave 1 and 2 in red. Volume should pick up soon. No reversal signal in the wave oscillator (daily) yet.
4 hour Chart + Wave Oscillator (4-hour)
See the 5 waves up. Note the last wave split in 5 minor waves itself. The wave oscillator shows the early stages of an exit signal to the ongoing uptrend.
1 hour Chart + Wave Oscillator (1-hour)
See the last waves up in the 1-hour chart. The wave oscillator (1-hour) shows a reversal already.


monthly chart - click to enlarge



weekly chart - click to enlarge



daily chart - click to enlarge



wave osc. on a chart - click to enlarge



4-hour chart - click to enlarge



wave osc. on a 4-hour chart - click to enlarge



1-hour chart - click to enlarge



wave osc. on 1-hour chart - click to enlarge






Sunday, 28 July 2013

SPI200, a Zig Zag

Hi Traders,

As I said on May 28th, the SPI200 is performing a Zig-Zag made of 3 or 5 waves. We've now completed wave 1 (downwards) as well  wave 2 (upwards) of what it seems to be a typical 1-2-3 retracement wave (see daily chart). If this analysis is correct we will see another leg down.

TARGETS

likely: area 4600-4581
possible: 4455
maybe: 4320

monthly chart - click to enlarge



weekly chart - click to enlarge




daily chart - click to enlarge


  

 4-hour chart - click to enlarge




1-hour chart - click to enlarge