EuroFIM

EuroFIM

The S&P 500 index, as well as many other indexes, is due to strong three of three move down on the coming week. If my wave count is right the index has completed wave i circled and is completing or has completed wave ii circled. Wave iii circled will take the index significantly lower levels. This is not anymore a buy the dip. Rather it is sell to survive....

EuroFIM

Gold seems to get ready its long lasting side way move. I am expecting gold to finalize the complex correction by pushing the last lower degree (y)-wave up to $1400/oz area. That will wrap up the (B)-wave and give way to wave (C) . Wave (C) will take the price of gold below December 2015 lows, as far as about $850/oz, which is the 0,618 projection of the decline...

EuroFIM

There is a potential this to unfold as Black Monday 2.

EuroFIM

What goes up, must come down. The airliners steep decline about 40 % so far from about 13.50 high seems to have no signs of ease up. As it looks like there is still more to go down to complete wave a circled. After that a counter trend rally of wave b circled will lead Finnairs stock price to much lower levels to wave c circled.

EuroFIM

The Euro seems to completing its final internal waves of (c) of iv circled. After that it starts its final fifth wave up to estimated 1,26 area thus completing wave v circled of 5 of (C) of 4 circled. After this almost three year sideways price actions is complete, Euro starts a long lasting decline below previous lows.

EuroFIM

Bitcoin has dropped about 70 % from its top, unfolding as leading diagonal thus completing wave A. Now, as it appears to be, wave B is in the making. This is a three wave move up and when completed wave C will lead Bitcoin to much lower levels, probably under 1000.

EuroFIM

It looks like WTI has completed its counter trend forth (4) wave rally and has started its final (fifth (5) wave) leg down. The move up has unfolded as a Elliott Wave complex W-X-Y- correction, where W and Y are about equal in length in the direction of price, so the structure appears to be complete. Wave X has unfolded as a Elliott Wave triangle. Also the steep...

EuroFIM

The last five wave move up, 5 circled, from March 2009 low looks like ending diagonal, a final sequence of a larger structure. The fifth (5) of the fifth 5 circled is truncated wave, which leaves a bit suspicion to this interpretation. Anyway the move up is overall choppy and overlapping between (1) and (4) waves so there are not much choice to interpret this....

EuroFIM

EW iii of (iii) bearish view.

EuroFIM

Wave 5 of A.