WTI OIL on target

Hi Traders,

Before getting into the analysis of the WTI OIL, don't forget the incoming:

ELLIOTT WAVES BOOTCAMP

When: Thursday, NOV 14

How Long: 9am-1pm + 2 pm-6pm (8 hours)

Subject: "MASTERING THE SECRETS OF ELLIOTT WAVES AS A PROFESSIONAL TRADER".

Location: City Index Sydney.

Price: $650 (down from $1385)

To RSVP: click on "HERE" to be re-directed to a Payment Gateway. 

• For further information call Richard Vatner at City Index: 02 9270 3618.

DESCRIPTION

• Learn to successfully master the "Wave Oscillator" to identify safer entry/exit points.


• Spot the major turning points.


• Identify profitable long running trades


• Identify and avoid bad losing trades


• Keep your trades running for as long as needed 


• successfully master the "Wave Oscillator" to identify safer entry/exit points.

To RSVP: click on "HERE" to be re-directed to a Payment Gateway. 

• For further information call Richard Vatner at City Index: 02 9270 3618.

...

THE ANALYSIS: WTI OIL on target

The WTI OIL (now at 93.74) is almost on target.  The last wave of the daily chart displays 6 red candles and the weekly chart 8 red candles, meaning that a old downtrend is kicking the bucket and the new uptrend is imminent.


TARGETS

First: 93.10-92.67

then 

likely: 98.83-99.09
possibly: 100.13-100.30
maybe: 102.41-10219

ELLIOTT WAVES

The old downtrend is made of major wave 4 (weekly & daily charts) which, in turn, it's a 5-waves-downtrend (in the daily chart). It might touch the lower boundary of the channel soon.

The last wave of the 1-hour chart displays only 4 small ripples downwards (in green) of the lowest possible grade (out of 5).

The 5th one should take the OIL to the area 93.10-92.67. Then new uptrend should start.

NOTE:

Enter after a confirmation of the "wave oscillator" on the 1-hour chart.
Also, out of curiosity, check the timing on the monthly chart.



Monthly chart, click to enlarge

Weekly chart, click to enlarge

 Daily chart, click to enlarge

Wave oscillator applied to the daily chart, click to enlarge

4-hour chart, click to enlarge

wave oscillator applied to the 4-hour chart, click to enlarge

1-hour chart, click to enlarge

wave oscillator applied to the 1-hour chart, click to enlarge

GBPUSD double top

Hi Traders,

Before getting into the analysis of GBPUSD, don't forget my Elliott wave Bootcamp in SYDNEY.

THURSDAY Nov 14: ELLIOTT WAVE BOOTCAMP in Sydney (8 hours for $650).

Subject: "MASTERING THE SECRETS OF ELLIOTT WAVES AS A PROFESSIONAL TRADER". Hosted in City Index Sydney.

If you want to be part of the ELLIOTT WAVES BOOTCAMP in Sydney:

• click on "HERE" to be re-directed to a Payment Gateway.
• for further information call Richard Vatner at City Index Sydney: 02 9270 3618.

DESCRIPTION

• Learn to successfully master the "Wave Oscillator" to identify safer entry/exit points.


• Spot the major turning points.


• Identify profitable long running trades


• Identify and avoid bad losing trades


• Keep your trades running for as long as needed 


• To successfully master the "Wave Oscillator" to identify safer entry/exit points.


• Spot the major turning points.


• Identify profitable long running trades


• Identify and avoid bad losing trades

If you want to be part of the ELLIOTT WAVE BOOTCAMP in Sydney:

• click on "HERE" to be re-directed to a Payment Gateway.
• for further information call Richard Vatner at City Index Sydney: 02 9270 3618.

...

THE ANALYSIS: GBPUSD

The Pound (now at 1.5923) did exactly as predicted. It has completed wave 3 upward (daily chart) with a double top and then reversed. It's now almost on the 1.5908-1.5881 support.

If the support holds it should bounce back to 1.6032 and 1.6075 and then down again.

TARGETS

First 1.5908-1.5881

then

likely: 1.6000
possibly: 1.6079
maybe: 1.6122


ELLIOTT WAVES

After the double top, the GBPUSD is supposed to perform a retracement to the area 1.5706-1.5692 in 3-5 waves downward. This retracement is wave 4 (daily chart) and should form an a-b-c or an a-b-c-d-e.

weekly chart - click to enlarge

daily chart - click to enlarge

wave oscillator over the daily chart - click to enlarge

4-hour chart - click to enlarge

wave oscillator over the 4-hour chart - click to enlarge

1-hour chart - click to enlarge 

wave oscillator over the 1-hour chart - click to enlarge

Major Indices, TTP

Hi Traders,

Before getting into this Comparative Analysis of the Major Indices, check the Elliott Wave Bootcamp in SYDNEY.

THURSDAY Nov 14: ELLIOTT WAVE BOOTCAMP in Sydney (8 hours for $650).

Subject: "MASTERING THE SECRETS OF ELLIOTT WAVES AS A PROFESSIONAL TRADER". Hosted in the premises of City Index in Sydney.

If you want to be part of the ELLIOTT WAVE BOOTCAMP in Sydney:

• click on "HERE" to be re-directed to a Payment Gateway.
• for further information call Richard Vatner at City Index Sydney: 02 9270 3618.

DESCRIPTION

• Learn to successfully master the "Wave Oscillator" to identify safer entry/exit points.
• Spot the major turning points.
• Identify profitable long running trades
• Identify and avoid bad losing trades
• Keep your trades running for as long as needed 
• To successfully master the "Wave Oscillator" to identify safer entry/exit points.
• Spot the major turning points.
• Identify profitable long running trades
• Identify and avoid bad losing trades
• Keep your trades running for as long as needed 

If you want to be part of the ELLIOTT WAVE BOOTCAMP in Sydney:

• click on "HERE" to be re-directed to a Payment Gateway.
• for further information call Richard Vatner at City Index Sydney: 02 9270 3618.

...

MAJOR INDICES: TTP

Apologies but I won't display the usual charts as there are far too many charts to work on.


I checked 4 indices: DJ30, FT100, S&P500 and SPI200 and we seem to have a common Time Turning Point this month, possibly  between Mon Nov 18 and Fri Nov 29. 

If this analysis is correct, this might be an important top. It should be the top of "major wave 3" in the weekly chart (not displayed).

Hence, a major retracement might follow to form "major wave 4" over several weeks following this top.

"Major wave 4" usually take the shape of an a-b-c-d-e, meaning that it might last for quite a while.

Hence, be very careful for the rest of the month and use the "Wave Oscillator" to spot this turning point if it occurs.

I'll keep you updated.