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Eliotwave

Russle 2000 ShortAlthough I strongly discourage the action of shorting in my personal strategy this doesn't keep me from speculating on the possible price fluctuation of the index. Viewing recent recessionary signals such as the inverted yield curve, raising tensions in the US-China relation as well as US-Mexican relations I've come to the conclusion that there might be something sketchy going on in the markets. Also noting the decision of Neil Woodford to close withdrawals from his fund I've come to the conclusion that there is rising anxiety for investors on the future of stock prices. If this sentiment continues we could see perhaps lower lows than those seen during the December period. I personally believe the recent market rally was driven merely by the good news caused by the increased sales of the holidays and other factors as well, but now entering to one of the usually most negatives stages of the year the fragility of the market could again be exposed. Additionally, from a technical point of view, we can observe a MACD cross over on the weekly chart. This indicates that the short-term average of price fluctuation is moving lower than the longer 26-period average, therefore, indicating a possible future change in the longer-term average and therefore moving the price lower. Also were positioned in a support level which may be tested and stand strong but with further downward pressure it could easily push through in the near future leading to a strong move to the downside. Although I don't recommend a strategy based on buy and sell signals I feel the there is a high amount of bearish signals being triggered, not only in the chart but in the news as well as in economic data such as the Yield curve inversion. The low level of unemployment also signals me we're if not at then near full employment which could lead to higher wages and therefore layoffs (this is mear speculation and not based on any fundamental truth). This analysis remains exactly the same on multiple other indexes such as the SPX, DJIA, and ME (although I belive the ME to be a way more riskier investment given the political situation of Mexico) My recommendations would be: 1) Play it safe, don't short 2) Have your money on a safe haven such as gold or keep your money liquid 3) Buy once the market has had a significant drop such as the December lows and lower 4) Brace for impact
OANDA:US2000USDShort
by DarkMessiah777
1
USD/RUB Strengthen of Russian RUB At the moment, the key factor determining the dynamics of the Russian currency is the inflow and outflow of money in Russian bonds. The current rubble appreciation is associated with a new influx of non-residents in GOV Bonds. Wave analysis of Eliot showed that at the moment we are drawing A to ABC (B is of a higher order), which means that the rubble will gradually strengthen. The correlation between RGBI and RUB / USD is more than 90%, making up a dependency model and substituting the potential values of the RUB / USD index, it received that the rubble could reach 61-62 rubbles per dollar. The fact that the wave in wave A 5 turned out to be stretched is indicated by the analysis of relations. According to Eliot, in the case of a stretched fifth wave, the motion ratio is (1 + 3) / 5 = either 1/1, or 0.618, or 1.618, in this case the ratio is a drop (1 + 3) wave = -4.6%, and a drop in 5 wave -7.6%, so 7.6 / 4.6 = 1.602, 4.6 / 7.6 = 0.605, which is close to the golden ratio.
RUS:RGBILong
by BandBInvestment
DXY: Swing-Setup! Follow the TREND!#ChanceBuyHey tradomaniacs, welcome to another free signal! Important: Wait for the retracement down to entry and buy! ----------------------------- Type: Swingtrade Buy-Limit: 97.70 Stop-Loss: 97.55 Target 1: 98.00 Target 2: 98.17 Point of risk-reduction: 97.90 ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
TVC:DXYLong
by Trading2ez
2
PAYPAL SHORT TERM. AT WAVE 5 OF 5 OF WAVE 3. LOAD UP ON SHORTSOPTIONS PLAY: LONG PUTS or sell calls. Entry: $108.97-$110.00 Target: $90. Keep an eye on the sub wave 1-2 extension at $110 at 3.0. A blow past the green zone will have to reconsider the count. Puts 2 months out, cant go tits up. This is a close-up of the larger wave 3, see my long term chart for this. The EW count suggests we are at the top here and about to hit the big ABC down to $90 where the 200 DMA and 618 of the fib retracement sits. Fib extensions shown to predict the end of wave 5, and has accurately predicted several of the wave counts before. All EW rules are obeyed and the standard impulse applies. The biggest question is the time factor. I imagine the B wave will be drawn out and a possible flat due to the volume profile and resistance we built on $100-$105. I will be looking to trade the $110-->~$100 swing, exiting and re-entering. for the big C. No stops identified, trade at your own risk.
NASDAQ:PYPLShort
by warrenbudget
YETI... YES START SHORTING!EW count and subwave count shown. I suppose subdivision of wave 5 is also valid (not shown). We hit the 2.0 extension from wave 3 to 4. However, there is still significant confluence around the $35.50-$36 range, as shown by extension from 1 to 2, and an additional extension from IPO rally to lows. Shorts were opened this morning around $34.25 and looking to add around $35.50 IF we get there. For the more conservative investor, look to short when the red major support line is broken. When that support is broke, the MACD histogram may also turn red. There's a gap under $20 that's hard to ignore, but at the least look at the 618 or 50 from the recent run up for targets. Pay attention to the RSI channels to confirm pivots. Fundamentals: Fundamentals don't matter in this stage of the market, but note that these guys make coolers. If you need to know more than that to confirm your shorts, their remaining IPO shares will be available mid April. This could be gravity back to their IPO price.
NYSE:YETIShort
by warrenbudget
8
Elliott Wave: Week of 3/11/19 - Look familiar?A great deal of time has been spent between 2600-2800. Another rejection at resistance (2800+) keeps us in that range once again. Surely a familiar place where many positioning decisions have been made. In Elliott wave terms the rejection, thankfully, completes wave B and provides valuable information about what to expect. The shape of wave B shows strength with minimal pullback between initial lift from 12/26/18 and transition to the wedge formation that completed at 2816. It indicates caution for magnitude of a subsequent wave C downward move. Similarly, the retrace from December 2018 low of the September 2018 high exceeded .618 and then .764 to confirm strength and thus caution. Waves are generally self-similar, and expectation is this time is no different. The pattern leading to the September peak also had a rapid thrust, shallow pullback and then ending wedge. The wedge was exited downward at October 2018's decline. We now see a similar pattern after an even steeper rise from December's low. The wedge has now been violated downward by last week's decline. Note how the initial decline this time is slightly larger than the same approximate area in early October. Comparison supports the potential for the current decline to exceed the previous, with the decline's magnitude outlined in several previous charts. As with the ride up, targets appear for the move down. Last week saw pauses at several lower Fibonacci levels based on extension from February 2018 to September 2018. More important Fibonacci levels are those from March 2009 through September 2018. The 2698 area is one of those levels. In addition, we're once again below 200d sma and face the 50d sma below current levels. The lower boundary of 2600 has provided general support throughout the range bound period mentioned above. Risk at present is still to the downside with excellent new data points to guide navigation and positioning. The Bat pattern is still in place with potential for a larger correction. The subsequent move after the current decline should provide excellent opportunity for higher levels. Too early at present to go into details about that.
SP:SPX
by iamthewolf
Elliott Wave: Week of 3/4/19 - Getting our answersMarket continues to outline the shape for long term expectations. The important area is at hand above 2800 with two remaining important peaks to surpass. January 2018 and September 2018 are the last hurdles for this momentous move since 12/26/18. At present we're in the area of .764 retracement from September's high to December's low. Surpassing .886 in the area of January's high is important for the bulls. That event and remaining above the 200d sma are critical for further advance, with added comfort once 50d sma crosses 200d from below. Above that is the next high Fibonacci level at 3600+ for long term targeting. The bear case rests on failure at the two previous highs and potential for correction of the entire move since 2009. The December correction was appropriately in the area of 21% magnitude of the 2/2016 advance. The correction of the 2009 move should be of magnitude 34%, whether it happens here or after the 3600 peak is approached. Great watching this unfold with no compelling reason to position strongly. Either outcome is of major circumstance with Cycle degree implications off the Global Financial Crisis low. Primary read remains as previous, with alternate path always under assessment. The use of a weekly chart this week amplifies the divergence by major indicators (MACD, PPO, RSI) all showing downward slopes suggesting caution. Break or confirmation of those trends will assist with assessing direction.
SP:SPX
by iamthewolf