IWM possible short soonthese numbers are looking pretty harmonic here and matching up with my EW count!!!! will look to go short soon!
Looking at a potential reversal zone of 127.07 to 129.25
Anticipating an initial target of 113.59
Timeanalyze
Amazon time and priceAmazon time and price lining up pretty good here .....looking for a retrace to buy in on the dip
Elliott wave analysis on oil in weekly chart (2016-04-09)Above is weekly chart of USOIL in log scale. Oil is in a wedge currently. It will meet an important resistance level at around 40~42.5. From elliott wave analysis this wedge has completed ABCD waves. The following wave E might bring oil to 31~32 again (The wave E might be a failed five waves. I do not think it will creat a new low because of the extended wave C). Afterwards oil's bearish which starts at July 7th, 2008 will finish and Oil's bull market will start.
From time analysis, the wave E will probably finish in the week of May 23th, 2016.
Notes: if oil breaks 40~42.5 resistance region and does not retrace back in the next two weeks, this analysis will be invalid.
Good luck for everyone!
GBP/USD Daily PrespectivePatterns can be failed very unexpectedly.
Patient is the key of success. Open your trad on a strong trend.
Later I will explain about how to adjust SL and TP.
I will also explain how to get reversal signal and have more confidence on your decision.
It's all about Risk to Rewards. Get yourself mentally ready and deal for long term instead of amateurish scalping.
Email me if you have any question: farsi.masoud@gmail.com
DJIATime taken by current rally is 1.2720x of the previous rally (60*1.2720). RSI is also supporting bearish biased. We might see a strong sell-off in August or September 2015.
