chessnut

chessnut

Nice form and clear guidelines trading the EJ.

chessnut

The form of this potential ending diagonal is convincing and fits in on many scales as wave c of 1. If this is an ED we will visit the price floor at 1.11 swiftly before further lows. It is significant to note that this appears to have topped out by news, historically a textbook means of reversal.

chessnut

Looks like good Elliot Wave form for an abc in USOIL.

chessnut

This would be consistent with the strong bearish formations within the EU, I think that this weeks NFP is shaping up to be strong for the USD.

chessnut

With down on the cards for EU from almost any EW perspective this potential triangle is in good form. How it behaves from here on all time frames will be of great interest.

chessnut

I published the count of a triangle count in the UJ earlier. This count has extended and is equally attractive as the last.

chessnut

A clear triangle form in the USDJPY, seemingly about to break out

chessnut

This is good form for an Ending diagonal and larger ABC in the EURGBP. ED's are sharp and this is a break upwards.

chessnut

This is a really nice valid ABC count for the USDJPY ahead of the USD ISM number today as an ED is consistent with a sharp move to the base. This puts a short term delay to what I thik is a long term top in the UJ. Good RR levels make it an easy quick trade.

chessnut

This is a nice count for bitcoin that has recently come to light considering two factors, the local formation of a triangle and the breakup of the grand log down trend. The local formation of the triangle is important to note because it is the only way imaginable that bitcoin could bottom without forming new lows as triangles may be the terminal wave of a triple...

chessnut

Im going to publish a larger count of a WXYXZ triple zigzag in light of two factors of late, seemingly a triangle intermediate wave and a breakup of the grand log downtrend. Triangles may be the terminal move of a triple combination, this is why it may explain why we may capitulate above the penultimate lows of the downtrend. Conservatively bullish, if we see...

chessnut

This is clearly an Ending diagonal in the EJ. Unfortunately it immediately contradicts my longer term short view on the EJ, but its should be over quick. ED's are great fun to trade because by character they are fast and have a great RR precisely defined by EW guidelines. This must reach atleast 140.5 where the wave began. It could be faster than you expect.

chessnut

I published a chart a while back describing the primary wave structure of the EURJPY. Since we have corrected in an abc fashion as I forecasted the the EJ is ready to begin wave iii. This breakout is a great sell signal and has by guideline a minimum of 62% retrace potential, but we could be targeting multi year lows in this move.

chessnut

This is something really worth watching. An impulse down in the GJ with excellent form. At the least, its an isolated count, but the rules about impulses are still resolute in this case. impulses do not occur on their own, they are either wave a or i. After a fair correction we will likely head downwards with an excellent stoploss level defined.

chessnut

Im going to start tracking my next assault on the forex, and this is as good as they come. This triangle has great form, when wave e tops around 0.72 An excellent opportunity to short with stops above 0.7388 will materialise. Targeting new lows offers great reward. This could easily be catalysed by a greece default. Triangles are terminal moves so this mover could...

chessnut

This is a clear triangle triangle form in the GBPJPY set to rally. With good RR buying the breakout will be an effective method. be confident that no other pair trends as strongly as the GBPJPY.

chessnut

The EU played out the same delay in trend as the GU did yesterday, seemingly a USD motive. The form is good for a WXY, and the form is clearly not impulsive. Look for negative US data at 1230 and buy the breakout of the upper trendline. only buy the breakout to reduce risk.

chessnut

I published an impulsive count for GBPUSD yesterday expecting higher highs, but following any typical zigzag correction always looms the possibility that there will be a double, or triple (max). This is the case for GU, and to add to the evidence that this will be a reversal point sentiment for GU has become severely net short since wave c of Y. The form is good...