ElliottWaveBelgium

ElliottWaveBelgium Updated 

Price should continue higher but the question is : Is this only a 3 waves correction or are we going to see a complete new rally that could take us up to 1.18-1.20 in the not so long futur… ? Because I suspect the dollar will see some strength once more I remain with the 3 waves count for now. But Chrisitine Lagarde, the new head of the ECB, could have some...

ElliottWaveBelgium Updated 

We have a clear impulsive wave here and are currently in wave 4. Ideally wave 4 should retrace 38.2% of the previous move but we can never be sure. Wave 4 is very hard to trade so wait for it to end then buy wave 5. If we go below invalidation, the count gets negated.

ElliottWaveBelgium Updated 

We have a nice 5 wave rise from 6270 and now we're nearing the end of a 3 wave correction. Support is around previous wave 4 and the 50% Fib retracement level. Ideally we could go a bit lower to the 61.8% level or even the 78.6% which would then give even better R/R. But in any case, as long as we remain above the invalidation level, we should go higher !

ElliottWaveBelgium Updated 

Because we got out of a triangle wave B, we know that this rise is limited and that we'll see a reversal pretty soon here. On the 1hour chart we can see that we have only 3 out of 5 waves up, so, we could see 1.96-1.97 before we start going lower. If for any reasons we go above the invalidation level, the count gets negated and we need to get back to the drawing bord.

ElliottWaveBelgium Updated 

This pair has really been one of the worst if not the worst since november 2018 ! Chart is just awful with lots of overlap and never a convincing move in any direction … But chances are increasing that we might start to see bulls take over here. A break above 1.12 and the 200MA(Black) would increase those odds. If we go back below 1.09, we need to reasses our...

ElliottWaveBelgium Updated 

Bitcoin is in a 3 waves correction for now, which should come to an end very soon, maybe around the 78.6% Fib retracement level (or even right away…) Bitcoin and EURUSD have been in a somewhat good correlation for this last few months and both are pointing towards higher levels. The ECB Rate Decision and press conference tomorrow will probably be the cataclyst...

ElliottWaveBelgium Updated 

We have a clear 5 waves up move followed by a correction lower playing out as a probable ABC ZigZag with wave B being a Barrier Triangle (= B,D trend line is flat). Triangles precede the last move of the higher degree wave which clearly indicates we are in a ABC correction (unless proven wrong) So, we should get an impulsive wave lower (or ending diagonal) for...

ElliottWaveBelgium Updated 

DAX - We should be in a (temporary?) uptrend for now. Price bounced from the 61.8% retracement level and should now be in it's way to the 100% or 161.8% projection. Notice also that we have a potential Head and Shoulder pattern which gives us an approximate target around 12400 also. Look for a pullback to go long this one as it has some great R/R ratio.

ElliottWaveBelgium Updated 

EURUSD - We got a nice impulsive wave up followed now buy a small pullback. Price is currently at previous resistance which now becomes support. We also have the 50% retracement level of wave 1 and the 61.8% retracement level of previous wave A which both act as support now. A bounce from here wouldn't be surprising !

ElliottWaveBelgium Updated 

We should now be in wave (iii) of larger degree wave C (or potentially wave 3!) We can currently count 4 waves here, so after a small push higher we could see a small correction, which needs to hold above 53.55. So, the rise should continue unless invalidation level is hit.

ElliottWaveBelgium Updated 

Netflix - This one is looking pretty descent for a long term Investment. Looks like price is going for ~200 before going up to 600-800. Daily - Price stopped exactly at the 78.6% retracement level and started going down. We might see some intraday correction to the upside but it looks like the way to go is down. Notice that because we should be in a fourth wave,...

ElliottWaveBelgium Updated 

Gold reached 1500 and now market participants, media and everyone else is getting more and more bullish. Elliott Wave tells us that when sentiment reaches such highs, that's when shit hits the fan and we see a huge sell off taking everyone out. I'm not calling the top just yet but we need to prepare ourselves here. For now, start slowly reducing your long...

ElliottWaveBelgium Updated 

DAX - Looks like there's room for one more push lower as we seem to be only in a wave 4 for now. Be aware that price could stay sideways a bit more before falling. If price moves above the invalidation level, then the count is wrong and we most likely have started the bullish trend and need therefore look to buy

ElliottWaveBelgium Updated 

Indexes made an exhaustion gap yesterday with a sharp reversal today. Last time this happend we went on to new highs. But be cautious before jumping in! I have 2 counts for now. 1) We finished ABC of higher degree wave 2, so, will go higher. 2) We are in an impulsive wave down currently making a wave (iv), so, one more leg lower.

ElliottWaveBelgium Updated 

We are in a decision zone now with 2 possibilities, either we are in an impulsive wave and could therefore continue higher or we are in a complex WXY correction and need to see again a 3 waves decline first before we resume to the upside, in which case could last till september. FIW - Long term this still remains bullish, so, for Hodlers out there (myself...

ElliottWaveBelgium Updated 

Remaining in what seems a WXY correction. Current move I expect it to be a wave X but it could also be the start of a new impulsive wave that could make a new high and start the next part of this rally. So, it's not a bad idea to buy into it now!

ElliottWaveBelgium Updated 

We are seeing a rise now that should be only in 3 waves as part of larger degree wave ((iv)). Don't short wave (b) but youu can buy wave (c) if you like.

ElliottWaveBelgium Updated 

We have 5 waves up and should now be in a 3 waves correction. You can look to sell once wave (b) ends then buy once wave (c) ends.