US Sugar futures ( SB1!) has completed ABC zigzag as the part of Y wave, as mentioned in previous updates. The total sequence is WXY as double zigzag, which is well known in Elliott wave theory and mostly seen in commodities and currencies. In last updates, we already posted the bull set up for buy a C wave, Now its over. stay short in B wave up at around...
I'm just trying to practice my wave theory ideas. If you see any fallacies please let me know! I'd appreciate any advice. If the market is green tomorrow, maybe we will continue to see an up-trend? I believe we just started wave 3, so maybe we will hit that 160% soon? Check out Cyclewave for better content. I'm learning and building off of his ideas. Thanks!
PPG industries (PPG - NYSE) looks like forming ABC simple zigzag. It seems like wave C down is already started. Sell with stops above 98.80 level for target below 70.
Torey industries, Tokyo - 1 Hr sell trade will be about to trigger, as the stocks is in downtrend and underpeformer than tokyo index JP225. Check the count as i am thinking of going to short within 1-3 days after confirmation in smaller time frame. Will see what happened next.
This is a macro overview on SEE cycles and how the time of C waves correspond to the following A waves in a trend change. Note that the end of a correction should take always longer than the following impulses. Considering this last ABC move and the very sharp drop in the C wave the new A wave should be shorter and reach the previous C top in a shorter timeframe....
EasyJet PLC (EZJ - LSE) is moving down in ABC zigzag pattern. B wave is in triangle and has completed. C down wave is already started, which will make new low below A wave. It is very under-performer stock of LSE.
Barclays PLC (BARC - LSE) is moving down in ABC zigzag from top left side of the chart. X wave is triangle in B wave correction. C will be starting now. Watch closely.
Anglo American PLC (AAL - LSE) is moving down in impulse wave, where 4th wave is a triangle. After broken down, it will go to new low as 5th down of impulse sequence started from major top on chart.
3I Group PLC (III - LSE) is moving down in ABC zigzag down. B wave has been completed in WXY correction, where X was in triangle. So the reversal move will be very faster in C wave down.
Adidas AG (ADS - Xetra) has completed 4th corrective wave and first 5 wave decline of wave 5 down. It is also under-performer of DAX. Sell with stops above 229.80.
2768 (Sojitz Corp - Tokyo) is in ABC zigzag down in daily time frame. It moving down now 5th of C wave down. Sell with low as target of C wave down after confirmation of trendline break or 5 wave down in smaller time frame.
3402 (Toray Industries - Tokyo) is in ABC zigzag down in daily time frame. It moving down now 5th of C wave down. Good sell as its under-performing the index.
Sands China Ltd (1928 - HKEX) looks in corrective WXY wave pattern. After completing X, it dropped in five wave A followed by its corrective B wave. Sell with stops above 32.70 with C (W - internal of Y wave down) as target.
Momo Inc (MOMO - US) is bigger WXY pattern in down cycle & completed X wave. The price fall in A-5 wave & completed B wave up as corrective. Sell with stops above 24.08 for C wave as target.
Brown & Brown Inc (BRO - US) has completed A-5 wave decline & correcting in wave B. Sell 50-62 % pull back for C down wave. It is actually moving down in Y wave of bigger WXY pattern.
Halozyme Therapeutics (#HALO - US) is in ABC pattern and out-performing the SPX. It is in internal 4th wave correction of 3rd wave of C up. Buy at the price within box, if possible for the new high as target.
MMC (MMC - US) is within WXY pattern. Y down wave already started. Sell with stops above 96.44 for c wave down of Y. It is also under-performer stock to market.
Sands China Ltd (1928 - HKEX) looks in corrective WXY wave pattern. After completing X, it dropped in five wave A followed by its corrective B wave. Sell with stops above 33.30 with C (W - internal of Y wave down) as target.