tomj2417

tomj2417

Many wave counters seem to be looking for a top in this market and perhaps so am I, but the more I look at it I am beginning to favour this uber-bullish count. Kiss of death perhaps? Could be.

tomj2417 Updated 

Possible route for Bitcoin?

tomj2417

This index has been heading up in almost a straight line since the "Covid panic" and this count would suggest it has a considerable way to go. Is there going to be a decent pullback or correction or is this just going to shoot to the moon....?

tomj2417

Two counts, both bullish for now, although suggesting that we might be just witnessing a bear market rally as opposed to the blue count impulse move.

tomj2417

Lots of mining stocks have been on a decent run since March and many had a good move yesterday. This count suggests that they may be approaching an interim top.

tomj2417 Updated 

Looking thorough a few UK stocks this evening and this one caught my eye. Has the oil and gas sector made a bottom? Is this a clear 5 wave move off that bottom from a global company? Two possibles are presented here, both bullish, but the blue count is calling for a deeper correction. Will need some more watching for me but it certainly looks interesting. Will...

tomj2417

This is a FTSE 250 listed silver and gold miner that, to me, is displaying a promising and bullish wave pattern.

tomj2417

Possible count for this AIM listed UK stock....

tomj2417

Not sure at all what is going on in any longer term time frame.....the beginning of a longer term downtrend for the USD or just a corrective move before the uptrend resumes.....but in the shorter term is this a viable possibility for the Dollar?

tomj2417

Another investment trust that has been in the news in the UK as the manager was holding way too many Wirecard shares. To me though it presents an interesting chart from a Elliott Wave perspective. Has wave 5 begun already? Or has wave 4 just finished the first leg of a deeper correction and ongoing correction? However, whichever way I look at it, it suggests to...

tomj2417

Some nice fib confluence and a potential C wave that is shaping up nicely into a 5 wave pattern? A bit more strength for the US dollar before continued weakness?

tomj2417

I might be being a bit over-optimistic here as always you can find a count that fits a more bearish direction if you look for it. I like this one however for now but I am still curious if, when and where we are going to see a decent wave 2 correction/pullback before it continues higher. Since the "crash" in February, it, along with many other indexes has been...

tomj2417

Here's a bullish count for the DOW although this count reckons we could be in the middle of an ABC zig zag right now suggesting a deeper correction before resumption of the uptrend.

tomj2417

This is a popular UK based investment trust that, like the name suggests, invests in tech stocks. It has done pretty well for those holding it over the last few years. Perhaps my wave 5 is way too short but is there is a little bit of confluence for a top of sorts here? The 2.618 fib extension might provided some resistance and there is some decent divergence on...

tomj2417

Every time I think these markets might be about to take a breather they spark into life again and continue on their merry way. However, does this VIX chart count at least suggest that we might see a bit of (short-term) volatility. Does that look like a 5 wave impulse followed by a 3 wave correction? Or are there just too many permutations in this chart to make any...

tomj2417

I have included both a red and a blue count because I have no idea if this is an impulsive move to the upside or still part of a greater corrective. What I have found interesting of the recent period is that China stocks are sort of dancing to the beat of their own drum. The MSCI index priced in GBP is just breaking out of a 2 and a half year...

tomj2417

I had initially been going with the blue count for this etf following on from my chart idea on this from October 2019. I now think there may be in fact another wave of to go and I like the red count for this one.

tomj2417

I'm not sure if my red count wave 1 can really be labelled as a leading diagonal or not but it is the only way that I can justify the bullish count for JP Morgan. Personally, it looks more like a 3 wave ABC to me and so I prefer my bearish blue count and taking the view that this is a downward ABC correction. Which is the right answer? I wish I knew.