CAC Large 60 (CACLG - France) - ABC wave patternCAC Large 60 (CACLG - France) is in ABC zigzag wave pattern and going in 4th of C wave, which is about to complete soon and 5th wave correction will start then. In weekly time frame, it is more clearer than CAC40 index, as it was in impulse from 2009 low and in 2018 it has completed that impulse. After that it made ABC flat irregular correction, which ended recently and new up cycle now started.
ABC
UPDATE!! USDSEK the last leg 🦐USDSEK creates the last impulse wave according to FLAT correction (Elliot's wave).
You can see the old call on the chart! Don't miss our signals!
–––––
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
BCHBTC ABC correction 🦐BCHBTC creates ABC correction, and we are waiting for fifth legs in order to complete ABC (Elliot's Wave)
When the price will break the support and flip it in resistance, We can set a short order according to Plancton's Strategy
–––––
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Porsche Automobil Holding SE (Xetra) - ABC wave patternPorsche Automobil Holding SE (Xetra) is in ABC zigzag wave pattern in 60 min time frame. It is now in 3rd wave of C wave up. In weekly time frame it completed downside WXY complex correction and now started new cycle upside which might be ABC or impulse.
Gail Ltd (Gail - NSE) - ABC zigzag wave patternGail Ltd (Gail - NSE) is in ABC zigzag wave pattern in 60 min time frame from last bottom. Wave A was in leading diagonal, which means wave C will be going much higher. Wave B has completed in sharp and wave C is already moved up, which is in 2nd wave and will over any time soon. In weekly time frame it complete downside WXY wave. Now its started new up cycle.
Bharti Airtel Ltd (Bhartiartl - NSE) - ABC wave patternBharti Airtel Ltd (Bhartiartl - NSE) is in ABC wave pattern as zigzag moving downside after completing c of y wave upside in daily time frame. It is in 4th wave of c down in 30 min time frame with life time bigger volume, which indicates the end of temporary trend upside and in the C wave down it will probably fill the downside gap which created by 5th wave. In weekly time frame its choppy and no need to count the waves.
PepsiCo Inc (PEP - NASDAQ) - ABC zigzag wave patternPepsiCo Inc (PEP - NASDAQ) is in ABC zigzag wave pattern, where A wave was impulse five wave up followed by complex B wave correction, which takes so much time just consolidating in the upper zone of A wave up move. Now C wave is going up in its 1st wave, which will confirm the move after completing five wave in smaller time frame, say 5 min. Keep watch on invalidation level of count as stops to target C wave up.
AUD/USD (AUDUSD) - Impulse wave upAUD/USD (AUDUSD) is in 5th internal of wave 3rd of C wave up. Overall from major bottom as shown in 60 min chart it is going up in ABC zigzag wave pattern. B wave running complex correction. Equal sized impulse going up after B wave, which means C wave is going up in extension. The major level of invalidation is closely watched which thrown out the idea of C wave impulse. In weekly time frame it’s completed major WXY down cycle and reversed in primary ABC wave up as indicated in weekly time frame.
Bajaj Auto Ltd (Bajajauto - NSE) - ABC wave patternBajaj Auto Ltd (Bajajauto - NSE) is in ABC zigzag wave pattern in 60 min time frame. Price is within B wave corrective as triangle till it holds invalidation level. C wave once will be confirmed when triangle broken out upside. In weekly time frame, it was choppy in up move, but in down cycle it was ABC flat correction, which was over and now started new up cycle as ABC.
EURPLN - a surprising interest rate cutA very surprising cut of interest rates at today's one-day MPC meeting, without a press conference, may have its impact on the future of the Polish zloty.
In recent days, the EURPLN exchange rate has come close to potential support located at the previous highs in the area of 4.39-4.41. Additionally, a simple correction labeled as "abc" could appear on the chart.
If the reduction of the reference rate from 0.5 to 0.1 percent along with a rather interesting technical arrangement at the same time could affect the market, then the EURPLN exchange rate could move at least to the line drawn along the recent tops.
________
Daniel Kostecki, Chief Analyst Conotoxia Ltd.
Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.
66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
ETHBTC ABC Correction 🦐ETHBTC is inside ABC Correction , the market lost momentum and failed to create a new higher high.
The price retests the neckline and could start to create FLAT Correction (Elliot's wave)
According to Plancton's strategy, we can set a nice short
–––––
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Fresenius SE (FRES - Xetra) - ABC wave patternFresenius SE (FRES - Xetra) is in ABC zigzag wave pattern in 60 min time frame and moving in 2nd wave of C wave up as out-performer to DAX index, after which 3rd wave will start soon. In weekly time frame it dropped in impulse sequence from major top and moving up in correction.
Bayerische Motoren Werke AG (BMW - Xetra) - ABC wave patternBayerische Motoren Werke AG (BMW - Xetra) is in ABC zigzag wave pattern in 60 min time frame. It is now in 3rd wave up of C up. In weekly time frame it completed WXY wave pattern and now correcting in upside in ABC correction.
Bayer AG (BAY - Xetra) - ABC wave patternBayer AG (BAY - Xetra) is in ABC zigzag wave pattern as shown in 60 min time frame. In weekly time frame it has dropped in impulse pattern and now correcting up. In 60 min time frame it is in 3rd wave of C wave up, which should be very sharp up. Overall its market perform stock and mainly do what market is going to do, without any news behind.
SAP SE (SAP - Xetra) - ABC wave patternSAP SE (SAP - Xetra) is in ABC zigzag up move in 60 min time frame. Currently price is in 3rd wave of C wave up. Overall the stock is in strong up trend and in weekly it may in 5th wave, which means the up move in 60 min will be impulse. Next movement will decide what will gonna be impulse or ABC.
MDAX (DAX Midcap - Xetra) - Impulse upMDAX (MDAX - Xetra) is in internal 3rd of 3rd wave up in 60 min time frame. It is also out-performer to DAX if compared. In weekly time frame it aligns with DAX and SDAX for 5th wave up after flat like 4th wave correction. The price movement is steadily up like an impulse. Price is reversing in V shape bottom from Corona Pandemic, which is the sign of impulse wave.
SDAX (DAX Smallcap - Xetra) - Impulse up SDAX (SDAX - Xetra) is in internal 3rd of 3rd wave up in 60 min time frame. In weekly time, it is in 5th wave up move after 4th wave flat correction. In 60 min time frame now it’s going up for 3rd wave as the part of 5th wave weekly up. SDAX is also out-performing the DAX in last up move in 60 min time frame.
DAX (DE30 - Xetra) - C wave upDAX (DE30 - Xetra) is in C wave up (or 3rd wave up, if it turns out impulse) in 60 min time frame. It in 3rd wave of C wave up after impulse A wave up followed by zigzag B wave shallow correction. In weekly time frame, it may be in 5th wave up of C wave as analyzed in chart. Progress of C ( or 3rd wave) will show us if it’s an impulse.
Light Crude Oil futures (CL1! WTI crude) - ABC wave patternLight Crude Oil futures (CL1!) is moving down in C wave within ABC flat pattern. In B wave internal b wave was triangle and c wave was ending diagonal, which makes the high odd trade, that from this level the CL will go down in flat correction ABC down to 30 $ mark. Now its about to end the 3rd wave down with one more low then need to correct it by 4th wave up for C wave down., which should be sharp in this case.
Xiaomi Corp (1810 - HK) - ABC wave patternXiaomi Corp (1810 - HK) is in ABC corrective down wave cycle in 60 min, which is the part of X wave in bigger WXY corrective up sequence. As the HSI is now in up cycle, possibly B wave will give much deeper correction. So wait for confirmation in smaller time frame for C wave down. In weekly time frame its within correction of WXY up move.
USDPLN - the near end of the correction?After the zloty's sharp appreciation against the US dollar on 26 May, the market seems to be able to complete the full corrective structure labeled as abc. This is a typical simple correction, where wave c may be equal to wave a. One to one pattern is at 3.99 PLN.
Also in this region the previous tops and the lower limit in the trend channel are located, which could also be treated as a support area.
If this area is defended and the USD/PLN exchange rate remained above 4.00, it could be possible to return of the exchange rate to the upper limit in the trend channel.
________
Daniel Kostecki, Chief Analyst Conotoxia Ltd.
Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.
66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Alibaba Group Holding Ltd (9988 - HK) - ABC flat wave pattern Alibaba Group Holding Ltd (9988 - HK) is in ABC flat wave pattern in 60 min as the part of X wave down in bigger WXY wave pattern. Wave 2nd is much sharp, which might give one more leg up before go down to 3rd wave down of C wave. Overall market outlook is now positive, so wave 2 can be much deeper.
Galaxy Entertainment Group Ltd (27 - HK) - ABC wave patternGalaxy Entertainment Group Ltd (27 - HK) is in ABC zigzag pattern in 60 min as well as out-performing HSI index. It has completed A five wave sequence followed by B zigzag wave correction and now moving in C wave up. In weekly time frame it completed WXY downside complex correction with overall strong outlook.
