chessnut

chessnut

This is a pretty clear 3-3-5 that seems terminated at the time of writing. If it goes a bit higher, no worries, but should be capped by iv wave territory at 1600.

chessnut

The grand supercycle has probably topped and the form of an Ending Diagonal over almost the entire global stock market suggests that the crash will kick off soon. This is alligned with the event of the UK general elections. If the Left win, thats what will put an end to Right wing fraud and depresssion will ensue.

chessnut

Breaking down out of this ED should result in a quick correction below 1.11 and possibly lower.

chessnut

The EURAUD is medium - long term bullish. It is breaking violently upwards from an ED the was wave C of an abc correction. It seems to have completed the first leg, the primary wave. As primary waves tend to correct 50% to 62% this wave ii could take us down to 1.34

chessnut

An ending diagonal is the keystone for this primary wave count. Fits the larger picture for the EURJPY. A large correction is necessary at the very least. This is in sync with large bearish counts of the stock market.

chessnut

I have just a few words, This is an ED, it s at the top, and it has broken down. This stock will fall sharply to the beginning of the ED, but I do not think they will stop there.

chessnut

The AUDNZD is in a large down trend but recently it has shown some resilience around parity. This has proven to be no more than a flat ABC, 3-3-5 EW correction of the larger trend. What makes this count particularly worth publishing is the form within the count its self, rather than the context of the larger down trend which is muddy in comparison. The count is...

chessnut

Following some nice expected impulses towards 1300 in the BTCCNY pair, a reaction is taking the place of wave (ii) of iii (very bearish) or wave (iv) of iii of an ending diagonal (less bearish) as wave b within this reaction. Triangles are in the form of 3-3-3-3-3 in a contracting range. They occur in position of wave b or iv, meaning as a strong guideline they...

chessnut

USOIL has been very bearish. Despite falling more than 50% in a matter of months, it has failed to produce a significant bounce. now it has produced a clear corrective count where we expected a three wave correction. A 3-3-5 running flat is where wave B exceeds wave A before wave C. Wave C must be a five wave move. In this place we have a 3-3-3-3-3 ending diagonal...

chessnut

After completing the large flat off the reaction from lows BTCCNY has completed a full impulse and reaction, waves I and II or A and C from the highs formed. Impulses are always followed by impulses. This could be the beginning of a large and steep impulse towards 800 yuan or possibly an abc 5-3-5 towards around 1200 yuan. The impulse possibility is textbook and...

chessnut

From the base of wave B of the reaction from lows we had an abc. This could only be the beginning of two things, a triangle, or an ending diagonal, both 3-3-3-3-3 formations. the difference is that a flat, a 3-3-5 formation ending in a 3-3-3-3-3 Ending diagonal may be either wave B or II, where a triangle formation, 3-3-3-3-3 can only be a a terminal move. As the...

chessnut

A five wave decline followed the fifth wave of the flat rally that took us up from yearly lows. A five wave can be the start of a larger impulse, a primary wave, or it could be wave A. But now that wave hypothetical ii is unfolding in abcs, where wave C should be an impulse, we are given a clue that we are in a triangle sideways correction. triangles may be wave B...

chessnut

The BTCUSD pair has struggled to reach 300 since the tragic spike to yearly lows at 150. It was clear since the coinbase news ponzied the price to 1900 and then back down to 1300 that this bounce is clearly corrective. The spike to 150 also wiped out our hopes for a clear cut wave v count of wave c, another reason to believe we are not quite done yet. What we have...

chessnut

The BTCCNY pair is correcting the larger down trend in a flat abc style. We've had an abc wave A, a triangle wave B, and now erupting as a triangle trust, an impulsive wave C. This could take us fairly high to around 2200 yuan to test the upper down trend line. At the time of publication, we are theoretically completing wave (i) of iii of III so we could be about...

chessnut

The BTCCNY pair has gifted us a clear triangle count, detected early unfolding in 3's. This fits well here because triangles are terminal moves, they occur in position iv and b only. This is likely iv of C, or or b of a double zig-zag. I expect this point to be a significant reversal within the larger down trend, as we still more to go down to satisfy bot medium...

chessnut

The EURUSD is correcting in a broader 3-3-5 flat correction as described in the link below. This is a chart of the very clear impulse that has formed from the base of wave B that indicates that there will be an impulsive wave C to conclude the 3-3-5 flat. I am expecting positive news to move the market swiftly upwards on Mondays open. The Market will likely...

chessnut

The EURUSD bounced non impulsively in abc formation from the lows of 1.109. After it re-approached lows at 62% of the abc I published a possible triangle formation which has been invalidated through further non impulsive behaviour. This therefore must be considered to be a wave B. Now over uncertainty over the Greek bailout solution over the weekend, an upwards...

chessnut

This is wave 1 of the impulse erupting from this bullish triangle - After the wave 1 impulse, we are looking for a valid three wave correction to call wave 2. This is a flat, a 3-3-5, wave c being an ending diagonal. Ending diagonals are exciting because they reverse sharply, as do triangles. When price passes through the upper trend line, I am expecting wave...