Dax could correct to the upside some moreAfter a channel break out there could be a continuation of a bigger corrective move to the upside in the German index
ABC
THE 💤 SLEEPING GIANT IS AWAKING For 60 days straight Bitcoin didn’t really have moved.
IT IS SHOW TIME
EURCAD wsell setupI'm expecting EURCAD to make another push down on higher time frames, but I am anticipating a flat or diagonal structure here, so I am selling but just looking to break that low that I marked.
EURGBP - Completing Correction Wave CFX:EURGBP is currently completing the correction wave C as shown.
Bitcoin (BTCUSD - Bitfinex) - WXY wave patternBitcoin (BTCUSD - Bitfinex) has completed impulse five wave sequence from bottom shown in 60 min chart. Now it is correcting it WXY down cycle and moving up in X wave, which is about to over and will start moving down in Y wave.
Dow Jones Industrial Average (DJI - NYSE) - ABC wave patternDow Jones Industrial Average (DJI - NYSE) is in ABC zigzag move from last low dated 24 March. It is moving up in 5th wave of C wave in ABC pattern (or 3rd wave as impulse). In weekly time frame it is in 5th wave up as impulse cycle, which means in 2 hour time frame, it must be impulse or diagonal structure in up direction.
EUR/USD (EURUSD) - Updated Elliott wave countEUR/USD (EURUSD) has completed 5th wave of A wave of ABC cycle of Y wave as shown in chart. Now wave B correction down is in progress, which aligned with DXY. After that one more wave C up will proceed further to complete the cycle.
US Dollar Index (DXY) - Updated Elliott wave countUS Dollar Index (DXY) has completed 3rd wave of C wave in ABC sequence of Y wave in WXY wave and now correcting up in 4th wave of C. As mentioned previously that price moving down in WXY complex correction, where W & X already over and Y wave is divided in ABC flat wave, where A & B were three wave movement and C impulse is running down.
GBP/USD (GBPUSD) - Updated Elliott wave countGBP/USD (GBPUSD) has completed 3rd of C wave. Now it is in 4th wave correction. Alternately one more high is possible to complete the 3rd wave as the slope is very steep. Will see how chart moves.
Tencent Holdings Ltd (700 - HK) - ABC wave patternTencent Holdings Ltd (700 - HK) is in ABC zigzag wave pattern and moving up in C wave up. It is in 1st wave of C, which is about to end soon and 2nd will correct it down. Watch the invalidation level closely. In weekly time frame it is a very strong stock of HSI and in the 3rd wave of 5th wave impulse, which is further subdividing as extended wave.
USD/CAD (USDCAD) - Updated Elliott wave countUSD/CAD (USDCAD) has completed 3rd wave of C wave down as ABC sequence of Y wave. Now it is correcting in 4th wave up. From triangle X wave, Y wave down is moving in simplex ABC zigzag, where C ware is extended.
EUR/USD (EURUSD) - Updated Elliott wave countEUR/USD (EURUSD) in 5th wave correction of A wave of ABC cycle of Y wave as shown in chart. Now wave B correction down in progress, which aligned with DXY. From major low made on 23rd April, price is moving up in (W)(X)(Y) wave up, where (W) and (X) were over and (Y) moving up in further WXY. Currently Y wave subdivided in ABC, where B is finally in progress, after that one more wave upC will proceed to wave Y completion.
AUD/USD (AUDUSD) - Impulse wave upAUD/USD (AUDUSD) is about complete 5th of 3rd wave impulse as shown in 60 min chart. It is the part of C wave as ABC zigzag pattern from major bottom. The divergence is showing the move now need to correct before further resumption.
GBP/USD (GBPUSD) - Updated Elliott wave countGBP/USD (GBPUSD) is in internal 4th wave correction of extended 5th of 3rd of C wave. Reading this is quite confusing but follow the chart to understand, what I am going to say is in final wave of 3rd wave up.
Bank of America Corp (BAC - NYSE) - ABC wave patternBank of America Corp (BAC - NYSE) is in B wave, which starts from today upside against A five wave down as correction. After that C wave will be next down cycle. In weekly time frame it’s completed ABC wave cycle from 2009 low and now it is in correction. It is a weaker banking stock of NYSE, which is under-performing SPX. It is not confirmed that corrective WXY wave up is over. So wait for confirmation to trade bigger C wave cycle down.
GBP/USD (GBPUSD) - Updated Elliott wave countGBP/USD (GBPUSD) is now in 5th internal of 3rd wave up of C wave. The invalidation level is now 2nd wave low to retain the count valid. It is extending in smaller waves, so sometimes its hard to pinpoint exact waves to connect the whole cycle.
USD/CAD (USDCAD) - Updated Elliott wave countUSD/CAD (USDCAD) is in A of Y wave down as ABC zigzag. Wave (Y) is subdividing in WXY where W wave was completed in ABC zigzag move after triangle completion. X wave was flat correction and now Y is in ABC wave sequence.
US Dollar Index (DXY) - Updated Elliott wave countUS Dollar Index (DXY) is in internal 5th of 3rd of C down of Y wave of major (Y) wave down. What I am talking is more difficult to understand, but watch the chart carefully. After that 4th wave correction flat or triangle expected as 2nd was sharp.
A weekly look at ABCAs you can see Price is in a triangle and if it breaks,ABC will growth to 123$ and if it does not break there are many good support for price.as you see the 62 EMA line Has a Great support and in 2009 then this line supported the price rise from 20$ to 90$, this time price can growth to 150$ and i believe that ABC is a good Buying position and if you keep it for one year,your money can be double.
Hindalco Industries Ltd (Hindalco - NSE) - ABC zigzag wave patteHindalco Industries Ltd (Hindalco - NSE) is in ABC zigzag wave pattern in 60 min time frame from major low and it is now in 1st of C wave up, which is about to end. In weekly time frame it in in choppy WXY wave pattern and completed downside correction. Wave 2nd will be good entry for C up.
Air Liquide SA (AI - France) - WXY wave patternAir Liquide SA (AI - France) is in WXY up correction and moving up in C wave of y of Y major wave as final move up. It is the part of complex correction. In weekly time frame, from major bottom on chart it has completed WXY wave upside. From major top in 2020, it dropped in ABC zigzag and now corrected in complex WXY correction. It is very strong stock and out-performer than CAC40 index on daily time frame. So possibly it can go higher in 60 min time frame.
CAC Small (CACS - France) - ABC wave patternCAC Small (CACS - France) is now moving up in ABC zigzag wave pattern and moving up in 2nd wave of C wave up. B wave was triangle. In weekly time frame again it resembles CAC Mid 60 index as it completed impulse in 2018, but after that in 2020 it just given flat B wave, which was most under-performer at that time and shown market weakness in terms of small cap stocks.
