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4th-wave

SPX500 & ELLIOTSPX500 is currently now in the ABC that compounds the 4th wawe. Probably it will go at least till the Fibonaccio 38.2%, that in this case is around the last relevant low. After completing this C leg and the correction that completes the 4th leg, SPX500 will try to develop the 5th wave of this impulse. Let´s see if they can reach the histocal highs again, and later if they can create another one...or this is the beginning of the end, the enf of these 10 years of bull market. In this situation we take that short trading position. Good luck and nice trading. PS: if you like this analysis, the chart and the comments please share this idea with your friends and follow us to get the next comments in this strategy and the other ones now on. Thank you.
FX:SPX500
by marktadvisor
Gold is going down soon- then upThis chart is clearly based on Elliot wave theory and represents my humble opinion of where we are on the daily chart. I believe we are in the B leg of an ABC correction within a 4th wave, will top out soon, and descend into the Fibonacci extension region denoted by a target symbol to complete the C wave before embarking on a 5th wave up. For the record GLD should only be considered a trading instrument- not an investment one (IAU is good) for reasons beyond the scope of this post. In the interest if transparency I am currently long GLD calls but will exit very soon and most probably enter puts for completion of the 4th wave. Thanks for reading, questions and criticisms are welcome.
AMEX:GLDShort
by TNasr
Exide Industries - Long Term View Wave Analysis : Long Term View : Exide Industries : 4th Wave : C Wave Looking at chart looks like price in 4th wave completed b wave and c wave is going on which can be expected till 180-190 area. After completing wave c we can last rise in the price around 324 - 350 max which very extended 5th waves and then sharp decline can been seen in the price in the future wiping out 50% of the price movement. So, if top is 324/300 we can expect decline till 162/150. There is no idea of time line so please ignore timing of the market, just trying to fit wave patterns in the current market movement. Note: No trading recommendation for this analysis, just trying to figure out whats going on :)
NSE:EXIDEIND
by Imprimus
EURUSD Road Map Ahead based on Wave Analysis!!EURUSD road map shown on the chart as per wave analysis and my understanding of wave principles. EURUSD is in Primary 4th Wave down wards. The wave structure that it has made till now indicates that it might correct towards 1.1100 first and then rally towards 1.1800 levels to complete the W-X-Y move after which we might see declines again. Lets see how it goes. Happy Trading!! Siraj Hudda, CFTe Web: www.prowaveanalysis.com Skype: sirajhudda Email: contactus@prowaveanalysis.com Facebook: www.facebook.com Twitter: twitter.com LinkedIn: in.linkedin.com
Short
by SirajHudda
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