EFA - 4hEFA is literally out of room for presumed white wave 2. Blue b-wave can go lower in an expanded flat. The red count, my remote alternative, has increased in probability since EFA broke the 78.6% retrace. Disclaimer, I'm entering long exposure in my LT account on market close today.Longby nick.holland782
EFA: PULL THE TRIGGER AT 51 OR WAIT UNTIL 45.50?One of the other brutalized issues post-Brexit is EFA, which is basically "everyone" besides Canada and the U.S. Here, the point at which I would consider a buy for my covered call portfolio is subject to change, depending on what happens at 51, which is the 50 Fib from the 2009 to the 2014 high. That would not be a bad buy area, but obviously lower is better and if it's going to express fragility at the 50 Fib by breaking through that level precipitously, well, then, I don't want to pull the trigger there ... . Another one to set an alert on for 51, at which time I'll check the chart to see what's goin' on ... . Sidenote: For EFA, you can actually get pretty decent money for just selling the 51 put (currently priced at 1.11 in the Aug monthly expiry) if you want to shoot for assignment at that price level ....Longby NaughtyPines1
EFA - 1hObviously wave 2/b isn't complete. Here's one alternative way to count the drop. Below 52.91, the 78.6% retrace, the lower target box for a deeper wave 4 below Feb's low has much higher probability. Disclaimer, I exited my short positions on this morning's weakness. No long-term positions, but I'm prepared to go long ONLY when the correction proves itself complete.by nick.holland781
EFA - WeeklyAdded red alternative expanded flat, with channel showing possible Ending Diagonal where price may now be in the final 5th wave of C of b. by nick.holland780
Looking for a buy entry in the dip - #ProfitingMeHi, EFA ETF dropped in the last trading session. It could continue to go down for a lot of pips. So I would consider a buy opportunity in the dip if this will be possible. I am a trader of profiting.me Thank you Girolamo AloeLongby girolamoaloe3
EFA - DailyAdded blue alternate 3-wave a-b-c count for wave 5, consistent with the possible Ending Diagonal as shown on the Weekly idea. Specific Fibonacci target extension will be more accurate once wave 2/b completes, so I'll hold off on being too specific for now...by nick.holland781
EFA - WeeklyEFA looks to be in the final phase of an expanding Ending Diagonal to complete wave c off the 2009 low. There may be a more bullish interpretation, but let's see how overhead resistance holds, and how the internal wave patterns form.by nick.holland780
EFA - 2hThat b-wave was a nasty sucker's rally, but don't go getting all bearish looking for a major crash. As long as support holds there's a major bullish move setting up. See longer-term idea for targets. While I'm currently short, will be looking to enter longs later this week. Not recommending catching a knife here, but aggressive long entries should use caution below 54.45.Shortby nick.holland780
EFA - 1hEFA Elliott Wave picture for my I-Fund buddies. The b-wave can reach wave 1 highs in a flat, or even make a higher high in an Expanded Flat. Wave 2 targets would be higher, around the bottom of wave a, in a flat scenario.by nick.holland780
EFA - DailyFollowing Elliott Wave Principle and Fib Pinball quite well. Expect a pullback, but no need to panic while price remains over wave 2 support.Longby nick.holland780
EFA - 1hLike IWM and other indices, EFA has reached the wave 1 target region. Anticipating wave 2 pullback into support. More whipshaw forecast for the next month or so.Longby nick.holland780
Developed markets finally waking up to join the partyHas been a laggard this year. Several failed breakouts on this trend line in the past. Maybe this time it goes.Longby marketstrats2
EFA - 1hFor my TSP "I-Fund" investor friends. EFA has the same trading objective... Playing Fibonacci Pinball very well off the lows and hovering over support. Will need to take a broader look IF support should fail.Longby nick.holland780
EFA - 4hrEFA is following the smaller-degree pattern of many indices. Alternative larger-degree pattern shown in blue. Some divergences annotated on technicals.Longby nick.holland781
EFA - 1hrIf you've read my linked ideas on S&P and IWM, should have no trouble reading this chart. EFA is similar to the "I-Fund" for you TSP investors...Longby nick.holland782
Trend change failedMay be we will be trading in a sideward range for the next couple of days. Thus for the moment I expect a renewed test of the downside.Shortby motleifaulUpdated 4
International EAFE index fund is a buy above $60, short below itThis stock index which measures the performance of developed country large and mid-cap stocks, not including US and Canada has taken it on the chin in recent weeks. It's highly levered to European stocks, and therefore has been impacted by the Greece turmoil. However, supportive monetary policy in the eurozone, as well as signs of improving growth make for a more optimistic long term view on EFA, if you're willing to brave the volatility spurred by Greece. On a volatility basis, EFA is still behaving relatively calmly compared to prior major volatility events in 2011, 2010 and 2008. I think that if support holds at $60 it's good buy for the long-term, and wouldn't be surprised to see money managers currently underweight Europe start to move funds back to Europe if the US earnings season falls flat and the headlines around Greece begin to recede since the worst case scenario (Greek leaving the eurozone) is close to baked into prices at this point.Longby eatlovetrade10
EFA, please do not break the neckline again!!!The iShares MSCI EAFE ETF seeks to track the investment results of an index composed of large- and mid-capitalization developed market equities, excluding the U.S. and Canada. Top then holdings are Nestle (switzerland), Novartis (switzerland), Roche (switzerland), HSBC (UK), Toyota (Jpn), Shell (UK), Bayer AG (Germany), BP (UK), Commonwealth Bank of Australia & Sanofi (France) Well, i had a quick look at 943 holdings. It comes from all different sectors. Whatever it is, i do not think the Energy stocks alone is strong enough to cause the break of 2009 uptrend line Now, going back to Sept 2008, upon breaking the neckline, price just collapse. WE have the same situation AGAIN! i pray that the price will not break the current neckline! And the best part is: the Oct 2007 top, when extended like i shown, becomes the neckline of current H&S!! by jangseohee337