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FTSE is at an interesting level. It has completed five waves to the upside after a major correction. These five waves could form an A wave of an ABC correction or the first wave of a new Elliott wave to the upside. Regardless, it is likely to complete another set of five waves to the upside either as Wave c or as Wave iii after completing the correction underway...

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HSI has dropped down significantly since my idea published in June predicting price drop to 24000 (see below). It is now likely to drop in a last leg down. Note that it may move up to 28000 before moving down. PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk. ...

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I had published an idea in July last year about a major correction in RUT. My ideas are often way off the mark, but it was amazing to see how beautifully the end of actual Wave A and Wave C aligned with the prediction. I have left the chart as is but have drawn two purple lines to show the alignment of the ends of predicted Waves A and C with the actual waves and...

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NASDAQ is moving almost as predicted in the following chart published in September when most of the traders were bullish (load new bars and enjoy!). Where to from here? There are two options: - If wave A is already complete (with only three waves), then NASDAQ is currently moving up in Wave B, which is likely to go up to 7200 before dropping in Wave C...

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SPY has moved almost as predicted in my October post (see below - load new bars and enjoy the magic!). Although wave 4 has moved quite a bit above the predicted level - right into the Wave 2 territory - SPY could still drop down to 2100-2200 levels after facing resistance at the upper trendline. It appears that SPY is developing an expanding diagnoal pattern...

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Looks like we are currently moving down in the third Elliott wave. We have completed four sub-waves of this third wave and are likely to complete the fifth one after a leg up and a leg down. We are likely to move up in the fourth corrective wave after the completion of the third wave before moving down in the 5th of the fifth wave. Alternative count: It is...

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I don't think so. SPY appears to have completed the 3rd of the fifth Elliott wave and is likely to consolidate a bit (possibly in a triangle pattern) to complete the 4th of the fifth wave before moving down in the 5th of the fifth wave. So further downside is expected. These five waves could either be wave A or the first of the five bigger Elliott waves....

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It appears that S&P500 has completed five waves. It could go down to 207, the 38% retracement level of the Elliott wave started in 2009. A 61.8% retracement could take S&P500 down to 154 (see weekly and daily charts below).

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Nearly a month ago on September 8, I warned the trading community that NASDAQ could go down to nearly 5000 levels. Please see my logic in the post linked below. That major correction appears to have now started. Warning about a major correction: PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your...

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In an idea posted on July 13, I warned about a forthcoming potential major market correction in RUT (see below). At that time RUT had completed four of the five primary Elliott waves started in 2009, four of the five intermediate waves started in 2016 and one of the five minor waves started in Feb this year. I was expecting RUT to touch the 1800 level before...

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XRP appears to be in the last leg of the B wave in the bigger ABC corrective pattern. It could move down in C wave after the completion of B wave. PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk.

ndau Updated 

NIFTY moved down in the fourth wave and bounced up from the red line as expected (see below). It appears to have now completed the fourth wave. NIFTY could move up in the fifth wave (magenta) in October, which could take NIFTY up to 12200-12300. However, if NIFTY crossed the red line and confirmed it as resistance then this wave count will be invalid and further...

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NIFTY appears to be moving in the fourth Elliott wave which is likely to complete around 11250. It could then move up in the fifth wave before a substantial correction to below 10000 levels, if the wave count in the above chart is correct. This pattern will be invalidated if the the current correction drops below 10930. PS: This analysis is just for educational...

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The bottom of the green channel has been acting as solid support since April but has started to act as resistance since the beginning of this month. However, the 50 day moving average is still acting as support, thus sending mixed signals. NASDAQ could move north if the bottom of the channel turns into support again. However, further downside is expected if the...

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Hang Seng has dropped significantly since our last bearish prediction made at 29340. It is now at a crucial stage and could move north if it finds support around 27000 level after some correction. However, if this support level is broken and then the bottom of the channel is breached, it could still go down to 24000 as originally expected. PS: This analysis is...

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Ripple appears to have broken the triangle to the downside though without an increase in volume. If the downside movement is accompanied by increased volume - then Ripple could now be in wave C of the ABC corrective wave, with the movement from 0.80 to 0.50 being wave A and the triangle being wave B . The wave C could be equal in length to the wave A and could...

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A huge head and shoulder has developed on Twitter that could take it down to nearly $15. PS:This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk.

ndau Updated 

DXY appears to be in Elliott wave 2 and is likely to go down to nearly 90 in the next 5-6 weeks. It is then expected to move higher in the next year or so, if the wave pattern in this chart is correct. PS: This analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk.