tomj2417

tomj2417

Posted a chart on this stock back in May this year suggesting that a turn might be coming. Is this it? Plenty of divergence on the RSI and a decent move up. Could be a 5th wave.....Other possibilities have to be considered though so I have included a much more bearish blue count.

tomj2417 Updated 

Still looking for clues as to when this risk on period might decide to take a break and looking at the Dollar index for clues. Does this count offer a few pointers? Not sure really, although this count suggests that we should see further weakness in the US dollar for a little while further before any decent rally (and possible cooling off in equity markets) takes place.

tomj2417

Looking for some clues as to when this risk-on period might take a breather in the AUDUSD. Is this a completing 5th wave of the move up from earlier in the year?

tomj2417

Published a bearish count on oil a few days ago but am beginning to prefer the look of this much more bullish count. A break above 49.425 would make me a little more confident.....According to EW theory where waves 1 and 3 are equal (as in this count) then we might expect an extended 5th wave.....

tomj2417

Might be a bit foolish trying to figure out counts for this rocket ship but here's a go at it anyway.....

tomj2417

Some decent fib ratio confluence here but as always, multiple possibilities and always sticking your neck out betting against a trend as strong as this one......

tomj2417

Might we see a bit of a rally in the USD? This count reckons there may be one decent leg down before a much more serious correction.

tomj2417

As always with EW there are multiple other possibilities and a few bullish ones too but I like this one this morning.

tomj2417

A bit too early to get excited about this count yet but you never know.....

tomj2417

A count suggesting that, while the correction may not yet be over, this US stock may have one more leg in it's present uptrend.

tomj2417

Another chart that's been flying up in almost a straight line recently. This count suggests it's due a correction before resuming it's climb. Might be being a little optimistic on my 5th wave targets but who knows.....

tomj2417 Updated 

Hard not to be bullish on this index looking at it's price action recently. Seems to be heading up in a straight line. Are we in a powerful 3rd wave at the moment? There barely seems to have been any correction since the bottom in March 2020.

tomj2417

A decent possibility?

tomj2417

Perhaps the B wave looks too much like 5 waves to be a B wave but even if it is then we would still be looking at the early stages of a C wave. Bullish either way.

tomj2417 Updated 

I have 2 longer term counts for gold, one suggesting that the current corrections is a wave 4 and we can expect an upward wave 5 once this correction is over. The other count is much more bearish and suggests that we have just begun the C wave of a flat correction that began all the way back in 2011. However, whichever way I look at it, I see some downside for...

tomj2417

I'm finding it really hard to be bearish on this index, which is a slightly worrying thing in itself, but the recent price action can't be ignored. This index is going up in a straight line since the end of October and I can barely find any correction to even attempt a count on my "5th wave". I would expect a pullback at some stage although when you look back at...

tomj2417

Calling tops in a massive uptrend has caught me out a number of times but I can't help looking at this chart and thinking that it needs another leg down to complete a correction. The massive leg down from the beginning of the year looks a clear 5 wave move to me (impulsive) while the move up from March looks corrective (to me at least). Lots of fib measurements...

tomj2417

Lots of other possibilities here (as always with with EW) but I kind of like the look of this count. The area of doubt for me is whether or not the stage 2 correction has come deep enough at the 38.2 or if it is going to morph into something else. If it could break the 1000 level then maybe I could be more confident.....