tomj2417

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.

tomj2417 Updated 

Calling a top in this market has really been a fools game these last few years but here's a call anyway. My analysis is based on a very dubious Elliott wave count and the mid line of the parallel channel drawn from where I have called waves 2 and 4 of the uptrend from 2009 and parallel with my wave 3 of May 2015. As ever, I am expecting to be wrong.......but you...

tomj2417 Updated 

Thanks to a post from Fibline for the heads up on this stock. To me it looks like a very bullish Elliott wave set up after a multi year completed decline and it could now be embarking on some serious upside. Looking for pullbacks for potential buy. My count would suggest that is on wave 3 of wave 3 at the moment.

tomj2417 Updated 

It's been a tough read for an Elliott wave trader (for me at least) but I am looking for a break of this trend line to confirm some bearish action.

tomj2417

My counts on this pair are usually way off but this is what I think may happen now. I am expecting the present correction to be complex and longer than the wave 2 correction and to possibly run a little deeper yet. I have included 2 different counts in the blue and the red which both expect the dollar to strengthen a little further yet.

tomj2417

My count for this stock is bullish once the wave 2 correction is over. I will be watching for a completion of 5 waves down.

tomj2417

As a student of Elliott wave theory, to me this stock has either completed an ABC zigzag correction or has just finished wave 4 in a 5 wave impulse move down. I will be watching to see which it is and trade accordingly.

tomj2417

I found it interesting that the recorded flash crash low retraced almost exactly to the 38,2 fib level before turning down again. This makes me think that the Pound may be resuming it's downtrend and starting an elusive wave 5 down. As ever, the Pound is a slippery customer and aims to confuse so alternatively, the flash crash low may have been THE low and the...

tomj2417

I'm really not sure on the medium/longer term direction for the Pound but think there may be some profit in a shorter term long position based on the count in this chart. I have reversed the pair as I sometimes find that easier to view.

tomj2417

The US dollar seems to have finished it's long correction and embarked on another strong leg higher. However, to me, this is a 5th wave so it's end should mean a major correction or even a change of trend. I have highlighted some possible targets that I shall be watching for.

tomj2417 Updated 

I think this pair may be reaching the ending of a 5th wave so I will be watching for a shorting opportunity.

tomj2417 Updated 

As ever with Elliott wave there are alternative counts to this one that could show that my wave 3 is in fact a wave 5, but I believe this count is the more likely one as I am still pessimistic regarding the Pound and think it has lower to go yet. Of course, even if the Euro bounces where I think it might, this could be just the start of the 4th wave correction...

tomj2417 Updated 

My Elliott wave count suggests that this stock may have finished a long correction in early 2016 and now may be embarking on some serious upside.

tomj2417 Updated 

Sometimes Elliott wave is infuriating for a student like me as it can throw up two totally different directions for a count. Personally I am in the bearish team although the recent leading diagonal of wave i might suggest I should be more bullish . Details on the chart.