Elliottwaveanalyis
EURUSDBased on my EWC we might expect a correction of wave 4 minor degree. We might see a triangle taking place or else an abc or complex correction. If you got any questions please do not hesitate to ask me. I am verry happy to help.
Thanks and let me know what are your thoughts!
EURUSD - Preparation of terminal thrustCurrent scenario seems to be a corrective move , that too in a triangular wave structure before the currency prepare gives a terminal thrust to complete its 1-2-3-4-5 impulsive wave. As of now the price will move up & likely to face resistance near the zone of 1.18500 which will complete the wave - d of the triangular wave. After facing the resistance , the currency pair is likely to take a support near the level of 1.1800 which will form the wave - e .
After the completion of wave - e there will be another impulsive terminal thrust to complete wave (v) of 5 .
#FB New HighsNASDAQ:FB
Waiting on news and hype to break the highs. Count supports it. Position yourself for a break to the upside.
#SPY #SP500 Too good to be true?OANDA:SPX500USD
An ending diagonal always appears as wave 5 of an impulse or wave C of a zigzag or flat.
Waves 1, 2,3, 4 and 5 of an ending diagonal always subdivide into zigzags.
I see zigzags within wave 1,2,3, and 4. Invalidation level at wave 2.
#DXY to #SP500 #SPYTVC:DXY
We are back to Chinese trade tensions with Chinese companies possibly to be delisted from the NASDAQ and Hong-Kong protests back on.
If we want to see a pullback on US indices, I am convinced this will depend on the USD. The demand and surge of it will mean pain for equities.
With that said, I can see 5 waves to the upside in micro degree to complete a corrective structure before lower lows.
Complicated to see this five wave rally breaking March highs given the count and also the undoubtable final stimulus package.
#NASDAQ keeping me bearishCURRENCYCOM:US100
Current count holds on to the possibility of a relatively short to medium term reversal.
Last move, if true, should NOT go past the 1:1 ratio of submicro wave 3.
This is to satisfy rules for a contracting ending diagonal.
Submicro waves must be 1>3>5 and 2>4.
Count invalidation at ~9640.
#NFLXNASDAQ:NFLX
Pulling a fibonacci retracement off of a high price made in extended hours and really like the sell action right at the golden pocket.
High risk play but a really tight range here, 400 puts 1 week out.
#SPY #SP500 UpdateAMEX:SPY
Correction well in progress.
In my opinion, this might turn out to be a more complex and deep correction.
That is because discussions of the next stimulus bill may not resume until June.
#NEE NYSE:NEE
A 'buy the dip mentality' setting in.
Hourly squeeze, RSI hourly divergence, and a positive count.
In with call spreads.
#HON #DOWNYSE:HON
RSI hourly divergence, daily squeeze yet to rip, higher highs, higher lows, and decent count here.
#BA #DOWNYSE:BA
For a little over a month Boeing looks to have been consolidating in a contracting triangle.
That is, lower highs and higher lows till recently. A slight lower low and potentially a clue here
Consolidation possibly done and expecting new lower prices.
Will be looking for an entry before market close.
I go by the book. Questions or concerns please go right ahead.
Elliott Wave Analysis of Gulf Keystone Petroleum (GKP)Long term Weekly EW Analysis of GKP.
- On a basic fundamental level GKP, as of today, has more cash than the value of their Market Cap and Debt combined (+£35M more). The last dividend was 16p. Whether they can maintain this going forward is another question.
- In my EW analysis, the price target for the next and final drop in this phase is 30p, but anywhere beyond and above 1.1p is fine (huge range!!!).
- Once a low is struck he next major EW target is at ~£3.50. With price eventually targeting £8.00+
Buy BTC... Rocket about to take offFor Bitcoin lovers, As per Elliott Wave Principle, we are in the C wave upward, We are expecting to price Rally and move towards the highlighted target profit
Stop Loss: 7575
Entry Point: 7876
Target Profit: 9130
Good Luck !.
