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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.
FOREXCOM:US30
by Elliott-Waves-2_0
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.
U
by Elliott-Waves-2_0
GER30 (DAX)As described in my last analysis, the Dax has reached with the last high at 14137 only the minimum target, in the form of the 0.618 extension, of the yellow circled z. In all other waves, the mandatory targets have already been reached. However, there is still potential to the upside. So far, only the 0.618 extension has been reached in the pink (z). The next level the 0.786 extension is at 14204. In the drawn alternative, we would have with the high at 14137 only the green Alt. (w) of the yellow circled z completed and with the Friday low the green Alt. (x) finished. Should the market still aim for a new high from here, the ideal target here would be at 14235. In the vicinity of which also lies the mentioned 0.786 of the pink (z). From therefore a quite attractive target, which I like in principle much better than the current all-time high. What speaks against it, however, is that the market has run in late Friday trading again towards the low instead of clearly break away from it. A decision will probably be made early in the next trading week. Ultimately, the DAX is very likely to suffer significant losses soon and a new high, would only delay this by a few days.
FOREXCOM:GER40Short
by Elliott-Waves-2_0
Gold long term countTaking a closer look at the yellow precious metal, we have to state that, as in many forex pairs, an impulsive count is not possible and the market only forms 3-3-3 patterns.Looking at the current upward movement since 2015 and especially the run after the low in March is clearly a three-wave pattern. The question here is whether we have already reached the high, for this speaks that in the last movement in the yellow (wxy) the ( y ) has exactly hit the 1.00 extension or whether the market still reaches the 1.00 extension of the red circled Y to complete the complete upward pattern, which has formed since the beginning of the 20th century. In the blue C, the 1.00 extension is at 2108 that of the Y circled in red at 2285.
TVC:GOLD
by Elliott-Waves-2_0
USDCHFAdmittedly, this pair is basically not too nice to count. I still did my best and this is the most likely count for me at the moment. What must of course always be taken into account with the corrective count is that the market can always still attach another corrective pattern. So the movement can be counted finished, but if it's really finished, only the future will show. It is possible that the 5 circled in green forms a Zig Zag and is therefore not yet finished. The target for this scenario would be 0,8721.
by Elliott-Waves-2_0
2
GOLD (XAUUSD) - The giant correction ABCDE - daily outlook.After months of closely observation of these big corrective moves on Gold, we can assume that we are almost in the ending of the complex structure. Looking at the whole structure in its internal movements, its looks like a giant ABCDE (3-3-3-3-3 corrective waves structure) in wich we are in the last one (the "E"). This chart will be use as monitoring the last decisive moves. You can see my other 2 ideas (linked to this) in wich I'm counting every internal move with Elliott Waves.
FX:XAUUSD
by fra978
9