see attached bigger view for description
all on the chart. The big triangle is still viable option - in that case the low would be somewhere by 1.02. However due to current advance in EURUSD I personally believe this alternative scenario may happen instead. In every case will watch USD Index. By 102.18 I will close any EURUSD shorts.
Hard to say what is apple up to, but last price action indicates this could be wave b (as a triangle) of IV. In other words a nice drop before final run up could be ahead of us. I may go short on Monday with stop 128, targetting 120. But I may stay aside because 4th waves are very difficullt to trade.
There is a decent chance DJ Transport Average Index just finishing wave 4 as a triangle and will rally towards 10.000, where wave 5 = 1.618*wave 1. That would be VERY POSITIVE for broad stock market.
AUDNZD on historically lows. We may go slightly lower, but not much, so look on any signs of reversal! This should be for many months/years ahead.
Tesla probably finished this Friday a leading diagonal. Because it made a new low, one has to consider a new impuls down has just started. Personally expecting bounce in April to 200-210 levels with consecutive sharp reversal until June 2015. Wave 4 could unfold during July with some 38.2% retracement of wave (3). A final low of this 1 year corrective move could...
extreme Biotech sentiment + weekly reversal candle indicating a possible top in biotech... there are some other fib relations not showed on this chart supporting such scenario
GBPJPY flirting with an ascending channel. If it reverses here, it should be positive for equities. Long with stop 177.
possible ending diagonal in gold as a wave 5 of A (forming IV) before a major new uptrend begins towards at least 2500 USD/unce
I have been long waiting for this reversal. Let us see if it works!
if ACI is about to finish wave 2, we are not allowed to dip below all time low of 2.38!
The move from 0,787 low is not impulsive. The same seems to be true for the decline from 0,804. I am expecting a bounce to 0,809 before a final 5 wave decline begins possible finding a final low by 0,78.
possible H+S in AUD/NZD on hourly. Major (4) could be in place!