Elliott Wave Analysis for EUMy EWC suggests EU is taking a break to then resume lower and continue the correction.
Elliottwavecount
DXY 1Day ELLIOTT WAVE PATTERNS
Extension Pattern : By definition an extension occurs in an impulsive wave, where waves 1, 3 or 5 can be
extended, being much longer than the other waves. It is quite common that one of these
waves will extend, which is normally the third wave. The two other waves then tend to
equal each other.
In our pattern definitions we call it an Extension1 if the first wave extends, an Extension3 if
the 3rd wave extends and an Extension5 if the 5th wave extends.
DXY (Dollar Index)In the DXY, it currently looks like we are in the last legs of the downward movement. Here, an implied EDT could be developing as a white v of the red (c). Thus, a downward wave would still be missing. The ideal target, the 1.00 extension, of the pink Y would be fairly close to the trendline drawn below. However, for me, a close below the last low would be enough to finish counting the movement. Of course, this also implies that there are still more highs/lows to come in the single pairs before the dollar should start its run.
Elliott Wave Triangle in BTCMY EWC suggests further upside in BTC. Be careful, it won't last much longer!
US30 (Dow Jones)Just as in the Dax, another high could be in store for the Dow. However, I think this scenario is more likely in the Dow. In this case, the Dow would also have only one more x built-in on Friday. I have rebuilt my count a little compared to the last post, by placing the red x of the orange (z) now on the low at 29430. In the now running yellow circled z we would have here an ideal target of 31980 in whose proximity is also the 1.00 extension of the red y. This is at 31749, so that a run-up to this area is currently the most likely scenario. However, my last count remains valid until the break of the high.
USTech100 (NASDAQ)In the Nasdaq, too, a further high currently seems more likely than the direct way down. But also here I would like to emphasize again that this is not a necessary and the last posted count until the break of the high is still valid. In the yellow y, we have already left the 1.00 extension behind us. However, I have noticed that unlike in many other markets, the Nasdaq often runs to the area between the 1.272 and the 1.382 extension to complete a wave. Unfortunately, I can no longer draw in smaller units, as the white letters already represent the minus scale degree. Therefore, just think here another abc of which the c wave is still outstanding. Target here would be the area between 13340 and 13609.
Elliot wave PLTR analysis, possibly very bearish $20 PTAll notes are written on the chart. Price targets and some proportions on chart may not exactly be accurate. I'm rather new to Elliot Wave, but I think I have a lot of it down and have used it to predict a lot of trades with significant success. Yesterday on Friday January 15th I was able to predict that we'd finish exactly at 25.50 as of 10am and we did, so I hope that adds a bit of credibility! Ask any questions you'd like, or provide feedback/correct me on where I may be wrong. I'm currently looking for a mentor to take me under their wing. I only started trading in August and have come very far on my own, with no prior knowledge of the markets, nor anyone to ask questions of. Hopefully this chart helps someone, it's my first stab at publishing something. Good luck everyone!
USOil (WTI)Due to the fall of the May contract into negative territory, oil can hardly be counted superordinate, as this is not provided in the EWT. Therefore, I have here only the last movement counters. Here it is not yet quite clear whether the final yellow (z) only the red w (here Alt. w) was completed or whether it was already completed. The 0.618 minimum target was reached in any case, so that a further rise would not be mandatory.
NASDAQ 100 (USTech100)The Nasdaq may now have finally ended its upward momentum that began in 1985. The mandatory target of the superior wave 2, which should have been started now, is the 38.2 retracement of the entire movement and is currently at 8125. The downward movement since the high can be counted as a five-wave and thus represents a first important indication for the correction that is now starting to take place.
EURUSD 4hI have checked all my forex analyses again extensively in the last few days and have to discard my last EURUSD count, also with a view to the other dollar pairs. Basically, there is still some upside potential here. But the movement can also be counted finished. So that now the blue C could have been started.
EURUSD LongtermI have checked all my forex analyses again extensively in the last few days and have to discard my last EURUSD count, also with a view to the other dollar pairs. Basically, there is still some upside potential here. But the movement can also be counted finished. So that now the blue C could have been started.
GBPUSDIn Sterling, two options are currently conceivable. Either the downward movement was completed with the low in March and the market is currently in the white (X) of the circled red X (marked as Alt.). Or the market has formed an overshooting X at the low in March and the current movement already completes the red circled X. Looking at the other dollar pairs, I would prefer the main scenario here.
USDCADIt is currently not entirely clear in the USDCAD whether the downward movement in the form of the orange Y was completed or whether the yellow circled y was completed first. In the first scenario, the complete labeling would have to be set to a higher degree. To make the first scenario recognizable, I have drawn in here with Alt. In any case, the dollar should rise again in the coming weeks. It is possible that a small downward wave is still missing in the blue c.
Recorded Live Showing Elliottwave Count being Re-Painted LiveQuick video to show how our Elliottwave indicator suite calculates and prints the elliottwave count, the probability pullback zones and the automated 5th wave target zone.
Nasdaq (USTech100) long term viewWhat we see here is a corrective 5th wave. This is possible on the basis of the updated rules. The minimum target for the following correction is the 38.2 RT of the hole upward impuls.
XCUUSD (Copper)Maybe the red (2) is already finished but it's also possible that there is a Y wave to the downside is missing.
KLSE (MYX)Detailed Elliott Wave Count for Malaysia's KLSE index since its inception.
Once Primary Wave 5 is in - we'll probably head into recession, though that's still a long way to go; probably at least a decade.
OXTUSD - Price PredictionHello all,
Here's OXTUSD as requested by 'NuMaUita'.
I think there is a possibility that this could pullback to the 0.22 level once more before going back into its upwards trend.
If it kicks on from here however, it will indicate a wave (iii) structure to one higher degree for which I have an initial target of 0.46 - 0.51 . Any further extended move up will likely take us to 0.60 - 0.67 .
I hope you found this useful! As always, a like/follow is much appreciated.
Thanks for looking!
Beyond Edge
Disclaimer
This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only.
Do not trade or speculate based solely on the information provided. Remember to do your own research.
Trust your own analysis.
Beyond Edge
