EuroMotif

EuroMotif Mod Updated 

This fib externsion series has defined/guided Bitcoin's moves since 7400. I have been watching this fib since that peak. It's extensions have been part of all my Ideas posted since then. Each line has been relevant so far, and if not yet, it will be on the way back up. The bad news is that this type of fib series usually ends at the 9.618 extension. We are...

EuroMotif Mod Updated 

This is a follow up to my bigger picture shorting plan linked below. Looks like we have finished an ABC to make for wave (4) correction. Now looking for a 12345 structure to start the wave (5) down This should be the final leg down before a reasonable correction upwards. The bigger picture of this plan: . . . Background: I am a longer term AUD bear,...

EuroMotif Mod Updated 

Quick plot to watch some resistance zones for possible continuation of downtrend. NOTE: This week is FOMC rate decision. So hopefully this move will be done before Wednesday. . . . Background: My EU shorting adventure began in early 2018 while looking for a top around 1.2500 As that top was forming, I saw the Fibs giving me some clues for down move to...

EuroMotif Mod Updated 

This is a follow up to my last short term outlook, looking for wave 5 of the impulse: We appear to have an extended wave 5 in progress (or is about done). Truly implusive wave 5's shoud have a 5-wave substructure. Thus far this wave 5 looks to have one more leg to fit the substructure. Also, this impulse has already surpassed the wave 4 down, and is very...

EuroMotif Mod Updated 

I am doubtful we have bottomed, but would be happy to be proven wrong. This is what bulls need to do in order to convince me (and presumably other bulls) that we bottomed above 3k. We look to have started an impulse up, with a pretty strong wave (3), now working on wave (4). If it bounces where it should, and procees to wave (5) being making a new local high,...

EuroMotif Mod Updated 

UJ is in a steep decline, thanks to stocks tanking and Gold rising. Risk off sentiment is strong right now, and should remain so until the FOMC decision Wednesday. And the FOMC decision and comments may actually make is WORSE if they are hawkish and looking to hike more than once in 2019. For now UJ looks to be working on a wave (3), which is nearly complete and...

EuroMotif Mod

Netflix and other tech stocks are marching to their own tune somewhat. While the overall market sentiment does weigh on this stock, its moves are somewhat independant. So this Fib study includes short term and long term Fibonocci extensions to theorize on important zones. The green zones are of great interest to me. Ideal buy would be the LOWER zone around...

EuroMotif Mod

AAPL's long term and short term Fibonacci study indicates we are approaching some very important zones. Of course, the markets overall are looking very bearish. So buying any stocks right now might seem risky/scarey. But as the cliche ''when there is blood in the streets'', I can ONLY buy on serious dips. So I will be watching these zones closely. This could...

EuroMotif Mod Updated 

My plan for NVDA . Of course, it is not financial advice , just a technical study. Also, I am NOT familiar with the fundamentals of this company or industry. I just see a bounce coming, even if just a dead cat to the next resistance. The green zone BELOW current one is of particular interest to me for a long term hold. The 112-117 price range was the price...

EuroMotif Mod Updated 

This is an update to my bigger picture short Idea: When I posted the above Idea, wave 4 correction was just starting. As wave 4's often do, it consolidated and then formed a bear flag. Today some bad econ news out of China started the final leg down. The green zones are upcoming support areas to watch. I will be taking some profit at each zone, and trailing a...

EuroMotif Mod

Just a quick plot to see how this plays out. I am wondering if medium order wave 5 is done yet or not. I think it is more likely that we will get one more dip, before we pass wave 4. Here is the bigger picture, showing a possible end of large wave V of move starting from 7400. . Background : This is a continuation of my calculations to find the 'bottom' and...

EuroMotif Mod

This is an update to my bigger picture plot looking for sub $3k. But on the way there, we have several fib support zones. Each of the green zones should offer a pause or a bounce. . . Background : This is a continuation of my calculations to find the 'bottom' and consider whether it will go any lower or not. First I saw 3618 on CoinBase as important...

EuroMotif Mod

GU short entry zones to watch in Red. PM May keeps her position so the Pound got a relief rally. But her margin of victory was not impressive, and that was her OWN party! As well, the EU nogotiaters are giving May cold shoulders (rightfully so). So I think a lot GBP shorts closed being at support and ''good'' news, while some bulls are getting in. But I do not...

EuroMotif Mod Updated 

GU is at a very strong support zone. Even though it broke below the psychologial 1.25000, there is much fib support here. Of course, if PM May loses power, GU will take a strong dip. BUT, that may actually be GOOD for the Pound going forward, if the market imagines a more capable PM. I expect some bounce right now, maybe just a dead cat. If this support breaks,...

EuroMotif Mod

The auto industry has been clobbered due to Trade Wars. China just released some news about reducing tarrifs on US cars going into China. GM has a huge portion of its market in China, so now is the time to long it. Technially, this asset this key fib levels on the way down, and bounced where it should have. Now the bounce has retraced to a perfect spot that...

EuroMotif Mod

This is an update to my previous short term plot linked below. I was originally looking for a 12345 impulse to take price up to the 3700 range. But instead that leg up turned out to be an ABC or a truncated 5. However, the last leg down does NOT look like an impulse, but more like correction. Thus my theory of a possible ABCDE, and the trendlines line up nicely...

EuroMotif Mod Updated 

UJ looks to be finishing a 5 wave impulse down. Not sure what the risk sentiment will be to open the week, so watching equities and gold for clues. Regardless of risk sentiment, the downard momentum looks strong, so I expect one more dip yet.

EuroMotif Mod

This is an update to my larger timeframe analysis. (see Ideas below). Currently looks to be in a wave 4 nearing completion. That leaves a final wave 5 (capitulation spike?) that should test 3k or even pierce it briefly. The fact that the drops have been more shallow, and the bounces stronger, tells me we are nearing a bottom. I say ''a'' bottom as I am not...