Markism

Markism

Here is the short term view of my preferred scenario, given that wave 4 currently needs more time to be somehow comparable to the wave 2. However, as said in previous post, current legs folds into five wave, we are going straight into continuation.

Markism

Within next week or two we should see the wrap up of the fierce decline we saw. Wave 4 seems rather shallow so might spend most of next week going up to complete wave 4 correction. However, there is still a chance we continue lower straight into wave 5 to complete the decline that started end Feb at the two potential marked targets, and possibly this conclude the...

Markism

We are in the final stages of wrapping up decline in EURUSD. Should the setup be confirmed, we would be in place for 1000 pips short term uptrend. Speculative target zones marked in red lines. Actual targets, would be better know once and if move unfolds are forecasted. Remark: Any post is for educational purposes and does not constitute a trading recommendation.

Markism

The EURUSD will remain in a confusing side ways movement with a lot of suprises in between. The pattern depicted is nasty and it then also indicates the volatility is expected to remain without a sustained trend in the near future. For a clarification on the near term view here is a link to the weekly chart: Remark: Any post is for educational purposes and...

Markism

It is a sad title, how true overdue correction is now a reality. We have peaked already back in October 2018 with the run we saw into end 2018 and early 2019 being part of an irregular flat. A pattern that kept me on the edge, as we are clearly out of energy but market was still rising. Until pattern was confirmed as a three wave structure setting the “b” label...

Markism

Entry, Stoploss and Target as per chart.

Markism Updated 

On October 2015, I had presented a scenario which depicts an ongoing correction since the top in 2014.  During that post, I indicated that the DFMGI is undergoing what is known under Elliott Wave terms as a double Zig Zag.  The count, I present today does maintain the same view, with the count now near completion. The duration of the correction  has gone beyond...

Markism

Entry, Stop loss and Target as per chart.

Markism

Entry, Target and Stop loss as per chart

Markism

At market

Markism

Entry at market Stop Loss and Entry as per Chart

Markism

Entry, Stop Loss, and Take Profit as per chart

Markism

Entry, Stop Loss and Target as per Chart

Markism

Short AUDCAD with SEll Stop Entry, SL, and TP as per chart

Markism

Sell at market as per chart

Markism Updated 

SHORT EURJPY Sell Stop, SL and TP as shown on chart

Markism

Short Dax30

Markism

A favorite discussion the internet often likes to do is to debate whether we are in cycle, supercycle or grand supercycle degree in Elliott wave terms. Honestly for the immidiate life of most of us it matters less, unless we plan to live over 150 years! For those not familiar with Elliott wave terms, the basic idea that growth or demise happens in 5 waves, with...