EWS

EWS

The German DAX has reached the cluster resistance near 13,500 and a potential large scale top could be in place. If this is the case, then we soon should see a break below minor support at 13,194 and more importantly below 12,913 that will be a strong indication of a top being in place. A large five wave rally can now be counted from the March 2009 low of 3,589...

EWS

The expanded flat correction in wave 4 continues to unfold as expected and should ultimately make it higher to the ideal target near 170.00. Short-term Feeder Cattle is testing solid resistance near 159.00, which might cause a consolidation, but ultimately this resistance should be broken for the expected rally higher to 170.00 to complete wave C of 4 and turn...

EWS

Brent Crude Oil continues to follow the expected path higher and the firm break above resistance at 58.35 and confirms a continuation higher towards the next major target seen at 70.03, where wave (C) or (3) will be equal in length to wave (A) or (1). A clear break above 70.03 will add confidence in the rally from 27.00 being impulsive and call for even more...

EWS

Bitcoin has rallied nicely and more upside remains expected here, but the ongoing wave iv/ correction will likely take the shape of a triangle, which means more sideways trading before the next impulsive rally higher in wave v/ of iii towards 6,722. Longer term, I continue to expect the ongoing wave 5 rally to blow-off and top near 9,150.

EWS

The DJI (The Dow Jones Industrial Index) has since the January 2016 low at 15,451 moved almost 50% higher and since the March 2009 low at 6,470 we are 258% higher. My preferred weapon of analysis is the Elliott Wave Principle (EWP), but sometimes, when we are in uncharted waters, a supplementary weapon is needed. Most often that extra weapon is the Andrew's...

EWS

Ripple has been locked inside a huge triangle consolidation since mid May and is finally breaking higher. I expect wave (5) will be an extended wave, which calls for wave (5) to move towards at least 0.7100 and maybe even closer to 1.3700. Support is now seen at 0.2650, which ideally will protect the downside for a break above 0.2980 confirming wave (5) higher...

EWS

The Transportation index in now in wave 5/ of 5 of V and should ideally make it higher to the cluster resistance near 10,756. It's clear that a five wave rally can be counted from the March 2009 low of 2,134 and a five wave rally can also be counted from the January 2016 low of 6,403. Once this five way rally is complete a decline towards at least 6,403 should...

EWS

Copper - Correction from 2.89 is close to completion The correction in wave B or 2 from 2.89 should be close to completion and wave C of 3 lower to at least 2.79 should be seen soon. I do prefer a deeper decline closer to 2.48. A break below minor support at 3.01 will confirm that the correction from 2.89 has completed and the next impulsive decline is developing.

EWS

Wave D peaked nice near the expected resistance-area and now a nice little S/H/S top confirms that wave E is developing. The ideal target for this E-wave is seen at 3,655, but be aware that triangle E-waves can be sub-normal and complete the triangle consolidation prematurely. Once this wave 4 triangle is complete a strong rally is expected in wave 5. A...

EWS

In my September 28 update, I called for a final zig-zag rally in wave e to complete the triangle consolidation in wave 4. This e wave has developed as expected and wave 4 is now complete. The final impulsive decline in wave 5 should now be seen towards at least 10.11 and more likely closer to the cluster supports in the 8.39 - 8.77 area from where a new rally...

EWS

Bitcoin has now entered the ideal-target area for wave D between 4,391 - 4,425 and I'm now looking for the final zig-zag decline in wave E to complete the triangle consolidation in wave 4. Once this triangle consolidation is complete a strong impulsive rally is expected in wave 5. There seems to be a tendency of wave 5 extending, which in this case could take...

EWS

A relentless rise only interrupted by small correction has been the name of the game since November last year. I think we have seen the peak of wave 3/ at 22,419.52 and a more substantial correction is about to unfold in wave 4/. I'm looking for a correction into the price range of wave iv of one lessor degree between 20,371 - 21,153. This should set the stage...

EWS

In my September 7 update, I was looking for a flat correction in wave 4. This corrective pattern has now shifted in favor of a triangle developing in wave 4. Wave d is currently developing and should be followed by a final zig-zag rally in wave e to complete the triangle and wave 4 for the final decline in wave 5 towards 9.98. Be aware the e-waves of triangle,...

EWS

My preferred count remains that a triangle is unfolding as wave 4. If this count is correct, then the ongoing wave D rally should complete in the 4,390 - 4,225 area for a final zig-zag or series of zig-zags decline(s) in wave E towards 3,655 to complete the triangle consolidation and wave 4 for a strong impulsive rally in wave 5. In my September 14 post. I...

EWS

On September 14 I called for the completion of the B-wave triangle. All it would take was a break above 49.42, this resistance was broken on the very same day. This confirms that wave C higher towards 67.27 now is developing. In addition to the complete B-wave triangle. A inverse S/H/S bottom can be seen, This formation calls for a calculated rally to 58.89.

EWS

I was asked to show my long term count for Amazon.com as the top seen at 1,083 only was viewed as a wave 3 top. This means that the ongoing correction "only" is wave 4. The Elliott Wave Principle says that wave 2 and 4 should alternate in structure. As wave 2 was deep - It corrected 61.8% of wave 1 - That indicates wave 4 should relatively shallow and not...

EWS

Amazon peaked in wave 3 at 1,083 and has since build a possible S/H/S top, This top-formation will be activated upon a break below the neckline support at 927 and will call for a decline to at least 770, which is the measured S/H/S top target. However, the Elliott wave count, shows wave 3 peaked at 1,083 and now is correcting lower in wave 4. As wave 2 was a...

EWS

The elliott wave count call for much more upside in Cable for the coming weeks/months. This view has been confirmed by the inverse S/H/S that was triggered with the break above 1.3240. Both calls for rallies into the 145.50 - 146.50 area. Short-term we might see a minor set-back towards the neckline near 132.50, but only to gather strength to the next rally higher.