ElliottWaveBelgium

ElliottWaveBelgium

This is a follow up to my previous post and is here simply to show the effectiveness of the Elliott Wave Principle and one way to apply it. We shorted this ending diagonal right after closing our longs because for 2 reasons : 1) We got an Ending Diagonal wave 5 which should be followed by a sharp reversal. ...

ElliottWaveBelgium

BYND - Here's a new one for our watchlist. Not sure a retest of the support zone is for right now but once 5 up are done, it's a possibility and occasion for a long. For now, it looks like a simple wave 4 correction. A break above the channel should take this for a fifth wave higher.

ElliottWaveBelgium Updated 

Although we have the risk of this being a 3 waves rise, by the looks of it I tihnk we'll see a new high as this move has the caracteristics of a corrective wave 4. Looking at the number of stocks that keep on breaking out of corrective bases and making new highs (look at my profile) but also looking at the Advance/Decline Line we can see that we have positive...

ElliottWaveBelgium Updated 

Just follow the noted path. If wave (iv) has ended then we should see the fifth wave higher, completing a higher degree wave 1. We then need to see a corrective wave 2 that must hold above the beginning of wave 1 at 73.80 for this stock to rally to new highs.

ElliottWaveBelgium Updated 

Should continue higher, 120-124 would be the first target zone followed by 130 after a correction. If price goes below 105.1, leave the ship, it's going to sink. If you're looking for a more short term move, you can use 112.4 as your stop

ElliottWaveBelgium

This is what my charts have allowed my subscribers to do up until now. * This is clearly a marketing post as you can clearly see, but it remains true nonetheless! *

ElliottWaveBelgium

We got a nice based that formed here in form of a complexe correction which ended with a triangle wave Y. Now we should continue higher as long as price remains above 25$ !

ElliottWaveBelgium Updated 

The wave count suggests we should see one more push lower to finish a 5 waves drop as part of wave (c) of higher degree wave ((iv)). A drop below 21.60 could get things on track and we finally could see price drop for fifth wave.

ElliottWaveBelgium Updated 

I've labeled this as a 3 waves move but it can easily turn into an impulse, taking us to 6800.

ElliottWaveBelgium Updated 

MCRB - Finally breaking out if this triangle ? We can count a potential Leading Diagonal wave (i) on the 15min with a deep 3 waves corrective wave (ii). A move below 24.36 would invalidate this view.

ElliottWaveBelgium Updated 

We're at the end of this Triangle. 470 and 480 are the ideal zones to watch for a potential reversal. If price drops below 462, we could continue to see this go some more sideways as long as it remains above wave A low at 457.7.

ElliottWaveBelgium Updated 

We have a clear 5 waves rise here as you can see. Therefore, I suggest to only look for shorts now until we reach the 50%-61.8% retracement zone.

ElliottWaveBelgium Updated 

Looks like we're in the making of wave iii of higher degree (v) of one higher degree red wave ((iii)).

ElliottWaveBelgium Updated 

Dollar Index - The count remains the same as it was shared a few months back with my subsribers. Looks like red wave iv is finished and price will continue lower. BUT if we see a bounce now and price goes above 94.75, we need to look for possibilities that Dollar strength will come back ! For now though, I see this go below wave b and make a new low...

ElliottWaveBelgium Updated 

DAX - Turned into a Triangle here it seems. I'm expecting price to go down to ~12645 or even a bit lower towards the 61.% retracement level and hte 161.8% projection level, respectively at 12566 and 12515. (It should ideally remain above 12463 since a close below that would significantly increase for bears to take over). Alternatively, if price remains above...

ElliottWaveBelgium Updated 

We're in a wave 4 that seems to be taking the form of a Triangle. Measures have been respected for now, each leg being 61.8% to 78.6% of the prior move. This makes us believe that wave D and E of the Triangle can be of the same proportions. But if price keeps on going higher now, we could then be in Flat correction , which could take wave B up to the noted 1.272...

ElliottWaveBelgium Updated 

Going for 220 first, followed by 240 and 250. If price goes above 220 followed by a wave ii correction down to 206-210, that would give the best opportunity to buy in and hold till 245 at first.

ElliottWaveBelgium Updated 

EURNZD - Looks like that wave B finished and are now making wave C. Ideal termination point would be 1.766.. If price stops and starts reversing from that level we should buy in.