tomj2417

tomj2417

As ever with Elliott Wave, it just suggests a few possibilities and the correction may in fact have further to go. This count however suggests that there is more upside for the FTSE 100 from here although how much higher it will go in this sequence is not an exact science. I have put a few possibilities on the chart but also of note is that there are a number of...

tomj2417

I think I've got another count where I have this pair showing expected EURO but some of the Fibonacci numbers here caught my eye so I will be watching to see if perhaps Sterling strength is here to stay, at least in the short term.

tomj2417

Assuming that my wave (2) is in fact wave (2) and not just (A) then I reckon there could be some serious upside for this emerging market (and others) going forward once wave 2 is out of the way. This wave (1) comes after a long term decline and would suggest that a wave (3) could be coming sooner rather than later.

tomj2417

I have highlighted a few areas where parallel channels and key Fibonacci numbers might suggest some upside targets for this index when coupled with my EW count. My only concern here is that perhaps it all looks too obvious and the market may have other ideas.....

tomj2417

Pretty simple analysis but looks bullish to me for the FTSE 100 for the coming months.

tomj2417

A while back I unsuccessfully called a top in this global equity investment trust and it replied by steaming higher. I'm having another go here at calling a top of a wave 3 that, according to this analysis, began back in 2008. However, I think there may well be more upside before any major correction as highlighted on the chart.

tomj2417 Updated 

If my count is the correct one then I am expecting a decent rally in this UK stock possibly above 300.

tomj2417 Updated 

Not much to look at here but this ETF has bounced against it's 78.6 extension of my wave A and a median line on a Schiff pitchfork. Good place for a decent rally perhaps?

tomj2417

Calling a top in this US stock is borderline madness but these Fibonacci measurements in this Wave count, coupled with the present head and shoulders pattern, might suggest it right now.

tomj2417

This is a more bullish count for this currency pair that suggests that once the 4th wave correction is over there may well be further upside. A more bearish count would be for the 5 waves to be already completed with the touch of the median line of my pitchfork and the present correction to be bigger than shown.

tomj2417 Updated 

I'm actually bullish on stocks but this count might be worth watching.

tomj2417 Updated 

Opposed to my previous GBP strength idea the USD seems like it may be hitting a strong area of support and may well rally in the coming month or months. With a bunch of US data being printed this evening the answer may come soon. Exciting times in the markets!

tomj2417

Apologies for being a bit of a messy chart but I am trying to show why I think that the EURGBP has further to climb after finishing it's present correction.

tomj2417

Of course this could just as easily be a simple zig zag correction in a new downtrend but I will be watching to see if this recovery has any strength or not. My count suggests some further upside for the Pound.

tomj2417

This UK blue chip has had a really good run over the years and this analysis suggests that there may be one more leg up and now could be a time to buy.

tomj2417

If this breakout is for real my EW count would suggest some bullish action for this US stock. As ever, time will tell.

tomj2417

It might need a bit more confirmation but to me this UK stock looks ready to resume it's uptrend and begin a wave 5.

tomj2417 Updated 

Calling tops is a tricky business and wave 3 may well have further to run but this count shows a possible top of wave 3 with the possibility of a wave 4 correction and 5th wave to come.