DXY Bearish - Double Three Pattern UnfoldingDXY (Dollar Index) Structure shows me that it has more chances to show a Bearish outcome than a Bullish one.
According to the previously posted DXY - Cheating with the Joker - Double or Triple Three? video, this could very much turn out to be true.
Wave Counts suggests that the Double Three Pattern is complete and that DXY could start unfolding a possible Ending Diagonal towards 87.30 Levels.
Preferred direction is Bearish and the Main Count is my favorite at these times, however, should the Dollar Index start a Bullish move, I would be looking for limitations around 91.40 Levels.
Main Count vs Alternate Count:
Alternate Scenario:
If DXY would surprise with one more Bullish Swing, it would be most probably considered as limited because that would imply extending the current Corrective Structure from a Double Three into a Triple Three, which would rarely occur.
*Note: 91.40 would be closely watched if this scenario would turn out to be true.
Reasons:
50% Fibonacci Retracements of Minute III (red)
150/161.8% Fibonacci Extensions of Minuettes (w)&(x) (purple)
Bearish Divergence expected at the mentioned Fibs
Preferred Scenario:
Expanded Flat within a Double Three Pattern would be considered as complete at these stages as multiple facts point towards that possibility.
38.2% Fibonacci Retracements of Minute III (red) have been reached (default measurements for Minute IV (red)).
False Break-out caused by Minuette (x) (purple) decreases the chances of the Triple Three scenario
100% (default measurement) Fibonacci Extensions of Minuettes (w)&(x) (purple) have been reached
Sub-Minuette c (blue) of Minuette (y) (purple) unfolded as an Ending Diagonal which is seen as a reversal Patern
Minuette (ii) (black) shows a possible Right Shoulder in a Head & Shoulders Formation, which is a Continuation Pattern
Recent up-swings are causing lower-highs which could be a solid sign of upcoming Bearish Divergence
Dollar Index 2H Interactive Chart:
USD/JPY - Running Flat pointing towards 103.00
USD/CHF pointing towards 0.9050
Many pips ahead!
Wavecount
US Indices – Bearish Intermediate (C) – Aggressive SELL - Part 1During the Bull Market in Intermediate 3, Nasdaq was my favorite because of its Wave Count, hence the reason for the successful view on the NASDAQ100 – Bullish Minor 5 - Bulls Come-Back article.
US Indices synchronized their individual Bearish legs once they reached the tops back on the 2nd of Jan.
Same day, right before the sell-off began, I posted the CBOE (VIX) - Volatility Index - Pointing towards a Market Crash article in which I mentioned that volatility could return, explaining how complacency can turn into fear.
Primary Correction officially started then, with US Indices falling off the edge of the cliff and ending the first sell-off on the 9th of Feb.
This was mentioned and signaled multiple times during the Advanced Video Course (see Macro sections and Charting).
Since the sell-off, US Indices performed rather well, unfolding a Bullish Correction which ended on the 27th of Feb.
2nd of March low and 6th of March high are viewed as Bearish Minor degree 1 & 2 (red), therefore, I am starting to believe that the Major Sell-off could have started for Intermediate (C) (red).
Below you may find some Aggressive views and possible scenarios in which the risk is higher than usual but the potential reward could be worth it.
The S&P500 possible drop was mentioned in the SNP500: 2018-2019 Buy & Sell Orders - Correction & Market Crash post.
Warning, these set-ups involve high risk and aggressive approach, do not trade if you are not an aggressive trader!
Dow Jones (US30) - Short Position:
Entry @ 24660.00 (or Market)
SL @ 25000.00
Targets: 24000.00 / 23000.00 / 22000.00
DXY - Cheating with the Joker - Double or Triple Three?Trading tip:
Caution is needed with the Wave Counts below as the Dollar Index could "pull" its last available "joker" in its sleeve and extend the Corrective Structure towards a Triple Three, thus resulting in a temporary Bullish outcome before the expected fall.
Members already took profits on the previous BIG RED BEAR knocking on your door! Part 2 - DXY 2H set-ups while some performed some trading maneuvers such as moving SL to break-even or in profit.
According to the next moves, the Structure would become clearer and a new analysis would be posted when the time will come.
Many pips ahead!
Ripple (XRP/USD) - Bullish Sequence - Elliott Wave Count Ripple (XRP/USD) is presenting a possible Bullish Sequence as per the current Wave Count.
Corrective Structure reflects a Complex Double Three, with a last piece remaining to unfold.
However, according to other structures this sequence can take, Ripple (XRP/USD) could be a good BUY at these times.
Those who are holding could see $5.75 in 2018 or even more. While some are expecting $20, I would be OK with $5.75, let it go there and we'll see later.
From $0.938 we could easily see a $1.65 / $1.80 and a reaction would be analyzed at these levels as the last fall could not come anymore and Ripple (XRP/USD) could punch through the ceiling.
Verdict: Bullish
AUDJPY: Elliott Wave + Harmonics to Maximize R/RHey traders, this gartley pattern completing near the invalidation level of a bearish impulse. This is confluent with many MA clusters on many timeframes. The R/R is high and the win likelihood is low compared to a wider stop, so trade size needs to be diminished in order to take a trade like this. However, there are many factors confluent with bearishness at this level and worth a shot. Cheers
BIG RED BEAR knocking on your door! Part 2 - DXY 2HBIG RED BEAR knocking on your door! 12 High Probability Trends Reversals
BIG RED BEAR is back in town and he's hungry for some pips!
Wave Count is suggesting that the USD could unfold a Bearish Minor 5 (red) leg.
Minute iii (red) started unfolding back on Dec 12th when I called the USD down-trend like a champ with this article: "FED December Rate Hike – DXY Technicals – Elliott Wave Analysis" .
Dollar Index (DXY) is finalizing the entire Corrective Structure which was tracked down in multiple insights:
"FED Rate - DXY Technicals - Ready for a Bullish Corrective"
" Dollar Index (DXY) – Bullish Correction – Minute IV "
"DAXY - Bearish Minor 5 - Final Leg"
"DXY Video - Bearish Minute 5 - End of Down-Trend"
"Dollar Index (DXY) - Completing the Correction like a Champ"
"Dollar Index (DXY) - Completing the Correction - Bull then Bear"
Dollar Index (DXY) looks like it's ready for the next BIG moves.
The Complex Corrective Structure is complete, with the entire WXY Pattern showing a possible Bearish Trend Continuation, the Double Flat seems to complete with an Ending Diagonal and the Bearish Divergence.
In simple terms, the BIG RED BEAR is awake and hibernation is over. He is hungry and "pissed off".
I am expecting the USD to get trashed for one last time so the entire Bearish Cycle would complete.
This could make a difference and the Swings could be wild and Aggressive.
GER30 - False Break-Out - Bullish Correction - BUY/SELL LevelsDAX - BUY & SELL Orders:
BUY Position
Entry @ 11900.00 (or Market if Aggressive)
SL @ 11750.00
Targets: 12200.00 / 12350.00 / 12500.00 / 12650.00
SELL Positions:
Moderate Entry @ 12650.00 with SL @ 12850.00
Conservative Entry @ 12800.00 with SL @ 1313050.00
Targets: 12500.00 / 12350.00 / 12200.00 / 12000.00 / 11900.00 / 11600.00 / 11500.00
DAX - False Break-Out - Bullish Correction before Deep Bear ClawDAX - False Break-Out - Bullish Correction before the Deep Bearish Impulse:
DAX appeared on the Radar again after a while, unfolding what appears to be a "false break-out" and a "bear trap".
Let's make a recap on DAX, shall we?
12th May 2017 was when I called the top and the drop from 12950.00 Levels towards 12000.00 with the " GER30-DAX - SELL Set-Ups - Stock Exchange Crash " article.
I was also able to look into the future and project other Levels, according to the Cycle, just click play and see. I know, nice right?
18th August 2017 is when I called the bottom at 12000.00 towards higher Levels, with the " DAX-GER30 – Bullish Retracement - Minor C " article.
26th July was a legendary day. I posted a double view, buy & sell, with the " DAX30 – Stock Exchange Crash – Full Cycle " article.
Called the Bull from 12000.00 all the way towards 13300.00 Levels, where I also mentioned that it will be watch and that it could CRASH hard. Guess what? It did!
But how did it crash like that from 13400.00 Levels all the way to 12000.00?
Remember the weekly updates for our Members? Been calling for the "bear claw" 3 weeks ahead of it!
Most of our important Members got this view in Private.
Jan 8th:
Jan 15th:
Jan 22nd:
Just 1 day before the Flash Crash on DAX!
Am I bragging? You might say yes, you might say no, I am saying the truth and backing things up with actual proofs.
Showing off a bit is not always bad and I hope you get the picture here, it's for the "trolls".
Now we are back to basics, with DAX "flirting" again with 12000.00 Levels and showing a possible Double Bottom and a Fake Break-out.
The Corrective Structure unfolded with a 5 Swings Sequence in Intermediate (A) (turquoise) which indicates that the larger degree looks towards more downside, possibly towards 11600.00 or 11500.00 Levels.
I know what you're gonna ask: "Is it going now?"
There are chances for it not to go in a straight line there, although it would be destined to go there according to the current Wave Count.
After Intermediate (A) (turquoise) hit 12000.00 the Correction started, which was expected. The issue is that it only retraced on the up-side towards the 38.2% Fibonacci Retracements of Intermediate (A) (turquoise).
I don't like that and I'm gonna tell you why in the lines below.
The Corrective Pattern shows a Combination between a Leading diagonal in Minute a (blue) and an Ending Diagonal in Minute c (blue).
Time wise, Intermediate (B) (turquoise) does not really fit into what we (elliotticians) call "the right look", because it did not unfold in a larger amount of time so that it would fit the requirements for an Intermediate Degree.
I think that we could possibly see a Complex Pattern, a Combination in Intermediate (B) (turquoise), making the 38.2% Retracements the 1st leg: Minor W (purple).
This would explain the way the current Bearish Swing is looking: overlapping waves with Corrective features. I am beginning to think we could be facing a "false break-out", so I would be looking for a Bullish Swing above 12600.00, so that DAX could satisfy a fellow Trader with at least 50% Retracement. Give the dog a bone, c'mon... :-)
My view right now is a Double Bottom and a False Break-Out as a possible scenario.
Calling for the rise back to 12600.00 is kind of bold, but to be honest it's worth the risk as only a breach of 11800.00 could invalidate the Bullish Swing and if that happens, then it's doomed: 11500.00 would be next.
This scenario contains more risk than usual, please be aware!
BIG RED BEAR knocking on your door! Part 1 - DXY DailyBIG RED BEAR knocking on your door! 12 High Probability Trends Reversals
BIG RED BEAR is back in town and he's hungry for some pips!
Wave Count is suggesting that the USD could unfold a Bearish Minor 5 (red) leg.
Minute iii (red) started unfolding back on Dec 12th when I called the USD down-trend like a champ with this article: "FED December Rate Hike – DXY Technicals – Elliott Wave Analysis" .
Dollar Index (DXY) is finalizing the entire Corrective Structure which was tracked down in multiple insights:
"FED Rate - DXY Technicals - Ready for a Bullish Corrective"
" Dollar Index (DXY) – Bullish Correction – Minute IV "
"DAXY - Bearish Minor 5 - Final Leg"
"DXY Video - Bearish Minute 5 - End of Down-Trend"
"Dollar Index (DXY) - Completing the Correction like a Champ"
"Dollar Index (DXY) - Completing the Correction - Bull then Bear"
Dollar Index (DXY) looks like it's ready for the next BIG moves.
The Complex Corrective Structure is complete, with the entire WXY Pattern showing a possible Bearish Trend Continuation, the Double Flat seems to complete with an Ending Diagonal and the Bearish Divergence.
In simple terms, the BIG RED BEAR is awake and hibernation is over. He is hungry and "pissed off".
I am expecting the USD to get trashed for one last time so the entire Bearish Cycle would complete.
This could make a difference and the Swings could be wild and Aggressive.
GBP/USD - 2018 Outlook - 2500 pips Trade - BUY & SELL Levels"GBP/USD – Break-out – Last Bullish Impulse – End of Cycle" article represents a last possible Bullish Outcome for GBP/USD in 2018, as multiple facts point out towards an unstable Pound.
GBP/USD is overall trading within a Corrective Structure, more exactly in a Triple Three, with the last Bullish Swing awaiting to unfold, thus completing the entire Correction and the larger degree Cycle.
*Private details and Support available only for Members.
Dollar Index (DXY) - Completing the Correction - Bull then BearDollar Index (DXY) is currently trading within a Complex Corrective Structure (WXY), with the last piece remaining to unfold on the Bullish side.
After this scenario would be validated, I would be expecting a last Bearish Trend (which could be significant), thus leaving room for EUR/GBP/XAU/XAG to complete their last Bullish Swings for each of their Cycles.
*Support available for Members.
Many pips ahead!
Dollar Index (DXY) - Completing the Correction like a ChampDollar Index (DXY) is currently trading within a Complex Corrective Structure (WXY), with the last piece remaining to unfold on the Bullish side.
After this scenario would be validated, I would be expecting a last Bearish Trend (which could be significant), thus leaving room for EUR/GBP/XAU/XAG to complete their last Bullish Swings for each of their Cycles.
*Support available for Members.
Many pips ahead!
ZCL/BTC Wavecount, price predictionsHere's my take on ZCL/BTC, from what I'm hearing this is somewhat of a dark horse with a very good backing. I'm looking at this wavecount and based on the assumption that the correction is over I can see it forming a perfect inverse head and shoulders and shooting up from here, I'd wait for the 50-65% correction if this is a good wave 2, if it goes below that by 5% I'll sell and buy back in when the WXY correction hits, I'll try to keep this updated and take care <3
XRP/BTC Breakout from huge wedge, wavecount, price predictionsHey my dudes, here's my take on the horrible, horrible project that is XRP. I can't even begin to explain how much I hate this one, but this certainly looks a trade I'd take so I'll take it. I'll keep you updated, but this is a rough sketch on what should be going down. Keep in mind that this is compared to the BTC, so this can both mean that BTC goes down a bunch (XRP doesn't rise in value compared to the $), but it could mean it does go up compared to the $ also and both of these are fine. Take care <3 I'll keep you updated~
WTC/BTC Short term wavecount/price predictionsHere's the short term wavecount for WTC by me. I'll keep you updated.
STRAT/BTC Wavecount and price predictions, great time to buy!What up my dudes, here's my take on the wavecount with fib levels and all that.