tomj2417

tomj2417

Lots of doom and gloom out there at the moment but here is a bullish count for the mid range stocks from the FTSE UK. It suggests that once the correction is over (it might be already) then we could see a final move up to complete a 5th wave up. The bearish alternative (that I haven't put on this chart) is that the move up from 2020 was an abc B wave and we could...

tomj2417

My main count for Bitcoin suggests that we are coming to the end of a wave 4 flat correction. As my chart markings show, either that correction just finished with the move up of the last few days or there is one more leg to go to complete a 5 wave C wave. Personally I am leaning towards one more leg down as I can't find a 5 wave pattern in the move up but at...

tomj2417 Updated 

Another chart that will probably not age well, as betting against a trend as long as this one has a fair chance of ending in tears. Still, for what it's worth here is a chart of Google that suggests we may have fact reached a major high.

tomj2417

Here's a chart of the Nasdaq from the London Stock exchange. To me, it presents the possibility, that despite the gloomy talk, there may still be room for this market to keep running up.

tomj2417

Switching this stock from the log view to the arithmetic view presents an almost totally different scenario but in this format an argument could be made that a 5th wave top has been reached. However, my record of "calling tops" is pretty awful so I am almost expecting another leg up after a deeper correction.....

tomj2417

2 EW counts, both bullish in varying degrees, suggesting that Natural Gas could be making another move higher.

tomj2417

Is this a possible count for the Nasdaq? It would suggest that we are in the 4th wave correction having completed a wave 3. The 50% fib retracement would take us to wave 4 of preceding degree and could be a good place for the 5th wave begin.

tomj2417

I find that UK listed investment trusts often show quite clear EW patterns and maybe, just maybe, this is one of them. I saw a presentation that suggested that the bull market in Emerging markets is just getting under way but this count suggests a totally opposite view to that. However, the long term trend is definitely up and calling tops usually ends in tears so...

tomj2417

A couple of different interpretations for TWTR going forward. The blue count suggests a flat correction with the developing C wave expected to continue much, much lower. The red count however is somewhat more positive suggesting that wave 1 of an expanding diagonal completed February this year and we are now within a wave 2 correction.

tomj2417

Is this a little too optimistic? This count suggests that this stock is shaping up for a good run as a 5th wave, perhaps after a wave 2 correction within it.

tomj2417

Here's an Elliott Wave count that suggests we could be at the beginning of a 5th wave?

tomj2417

Personally, I'm leaning towards the bullish, blue count but I can't ignore the bearish, red count either.

tomj2417

Most of my counts for Bitcoin are bullish and posit that we have just finished a wave 4 correction and are embarking on wave 5. However, I also believe that other possibilities should also be considered so here's a bearish count (purple) that suggests we may be witnessing a zig zag correction and might be about to embark on a C wave down (the red and the blue...

tomj2417

A couple of counts for this major UK bank. Both bullish although one of them calls for a larger correction first.....

tomj2417

In my opinion, this stock is at an interesting juncture. Is about to begin a C wave decline to complete a flat correction or was the bottom in March 2020 already the completion of a wave 4? I'm leaning towards a decent correction as it is difficult (for me anyway) to count the upward move from 2020 in 5 waves. As always, time will tell but it might provide a...

tomj2417

As ever with EW and the markets the possibilities are almost endless. 2 counts here one bullish, one bearish. Personally I like the bullish count but would need to see the 145 level broken to confirm it......

tomj2417

Is this a possible route going forward.....and if it is does that mean one more burst of risk-on for equities and crypto......?

tomj2417

Worth keeping an eye on perhaps.....