Whilst it remains below 8425, then a triangle is still favored for wave [iv]. Further weakness back below 8300 is needed to support a decline towards 8200 – 8250 to …Read More
Remaining below 3151 will support a move lower for wave c of a possible triangle for wave [iv]. A move back below 3120 is needed to support more weakness towards …Read More
Unless a move back above 3151, then I still want to target more weakness towards 3100 – 3080 for wave c of a possible triangle for wave [iv]. A move …Read More
Barring a move above 8426, then further weakness is still favored towards 8200 – 8250 to end wave c of this suspected triangle idea. A move back below 8300 is …Read More
Whilst we have seen some strength over the last few hours, its yet to rally aggressively above 1470 – 1478. So at this stage, we still can’t rule out a …Read More
Little change to the prior post, a minor new low would look best to end wave [v] of wave [c]. So unless a strong move above 16.85 – 17.01, allow …Read More
The break above 1.1080 is a subtle bullish clue to suggest a move higher is underway for wave i of wave [iii]. Let’s continue to look higher above 1.1054, further …Read More
Whilst we were expecting a pullback, today’s decline is a little deep and impulsive looking compared to what I was expecting, so we may have to consider the idea that …Read More
The look on many markets from the August 2019 low, that are moving in sync with the current risk-on trade, currently have a distinct corrective look to them. For example,... Read More
I have been tracking a number of highly correlated markets from the Oct time frame. The new high and low (depending on which market) appears to be the 5th wave... Read More
Yesterday’s upside on the GDX, potentially could be the start of a move higher for wave 5 of an impulse wave that has been developing since Sept 2018. Short term... Read More
I suspect the current rally from the Oct low at 10879 is developing as an impulse wave (5 wave rally). It seems to be missing some gyrations before it counts... Read More
The new low potentially can end a corrective decline from the high made at $17.14. Before the current decline I was targeting a move towards $9.00 – 8.00 and BTC/USD... Read More
I have been watching the recent gyrations on the semiconductors for a while now and potentially think the SOX could well offer a clue to supporting the next likely move... Read More
The current bounce appears to be suggesting a 4th wave of an impulse wave is likely in progress. We need to see 9 swings for an impulse wave with one... Read More
We have been closely watching for the end to an upside corrective bounce from the Aug 2019 lows, the same look can be seen on many other European markets such... Read More