tomj2417

tomj2417

In my opinion there are elements, as noted on the chart, that suggest Sugar may be about to begin another leg higher. At this stage it is too early for me to say but I will be watching carefully for 5 waves up.

tomj2417 Updated 

Apologies for a bit of a messy chart but my analysis suggests to me that this stock may be turning back up again to begin a wave 5.

tomj2417

This is a revised count for XIV and, whatever it's merits or faults, might suggest that volatility is on the horizon once this 5 wave impulse ends. I have included both the log and arithmetic chart so as to show the different possibilities of the channels.

tomj2417 Updated 

Just found it interesting how these two Schiff pitchforks were playing out......never a dull moment with the Pound.

tomj2417 Updated 

Not that confident in this count but this could be a completed expanding flat correction for this pair. I will be looking for 5 waves down to see if I'm right or not.

tomj2417 Updated 

Here's a possible count for Sugar showing that it may be embarking on a 5th wave with more upside to come.

tomj2417

The count is not that important here but I was more interested in all the confluences of Fib levels that suggest that while there is more upside in this indices there are definitely levels to watch for corrections, resistance or outright danger.

tomj2417 Updated 

Is it possible that the USD has topped against the CNH with the completion of 5 waves. Or, with the consensus of USD strength, is there a little more room to run up before a larger correction?

tomj2417 Updated 

My count sees upside for this US stock. I have been conservative on my 5th wave targets but the 3rd wave only extended to the 1.41 Fib so there is a chance of a 5th wave extension. Somewhere above 50 is possible here in my opinion.

tomj2417

It's been tricky to read the Pound lately so I'm not pinning much on this count but it is still very possible in my opinion.

tomj2417

Looks bullish to me. In fact AUD across the board looks to me like it might be about to go on a bit of a run.

tomj2417 Updated 

I'm really not sure which way the Pound is heading from here but I did find this pitchfork of some interest as the median line seems to have some sway on direction.

tomj2417

Miners seem to respecting the pitchfork on both the log and arithmetic scales. They may be approaching major resistance. A break would be very bullish to me.

tomj2417

The Transportation has been on a tear since 2016 but I think it could be a 5th wave so caution is called for. It looks like it may have further to run up but two 1.618 Fib levels are coming into play now. Worth watching.

tomj2417 Updated 

Both these counts (red and black) suggest that the Dollar will undergo a 4th wave correction before embarking on it's 5th wave. The red count is more conventional while the black count takes shape as an ending diagonal which is far more unlikely.

tomj2417 Updated 

My count shows a bullish outlook for this Uk stock.

tomj2417

Some popular Fibonacci retracement and extension levels suggest that the 110 level is an area to watch for the US dollar, if indeed it can climb past this 1.618 level it has currently bumped against.

tomj2417

I don't trade this but the chart pattern still looks like an Elliott wave impulse pattern to me. I'm bullish along with other major DM equity indices.