We are waiting for the Bullish Divergence to appear and point us on the up-side. However, there is still Bearish Sentiment around Gold these times, especially withe FOMC Rate Decision coming. The current Wave Analysis is stating that the Bullish Trend that started for Gold in December 2015 is a mere A-B-C Corrective Structure within the overall...
Short-Term BUY Medium-Term SELL Long-Term BUY The Bullish Divergence has been confirmed, and according to the Wave Count, Minute Wave iii has ended, leaving room for Minute Wave iv to start its Correction. A Correction is expected before the last Bearish Swing for Gold and after the last Bearish Swing within this Corrective Cycle, the trend will most likely...
Crude Oil completed the Bearish Cycle and has been rising in the first half of 2016, following an up-trend which is most likely to continue in 2017 as well. In the second half of 2016 WTI has formed Complex Corrective Structures and as per the Wave Count, these structures are completed as well. This leaves us with the remaining Bullish Wave Y which is most likely...
ABC Corrective Cycle is coming to an end soon and with it, a new Bearish Cycle is approaching for DXY. We are expecting a Consolidation for the 4th Minor Wave withing the Intermediate 5th Wave and Primary Wave C. Once the Cycle is completed, a Major Bearish Divergence will be the best sign and Trigger for the next Recession. Every 8 to 10 years a Recession is...
SPX is currently Bullish, preparing to finalize the 3rd Impulsive Primary Wave, withing the 3rd Impulsive Cycle Wave. On the Short and Medium term, we are expecting S&P 500 to continue gaining for the first Quarter of 2017 and then Consolidate and give back some its gains, as per the 4th Corrective Cycle Wave. The second half of 2017 is the most important in our...
EUR/USD is trading withing a Complex Corrective ABCDE structure and preparing to finalize the Corrective 4th Wave Cycle. Primary Wave D was formed out of a Complex Corrective WXY Structure which points out to the fact that the final Wave E within this correction should be limited as per the trend-line and Channel. According to the Bullish Divergence shown, Wave E...
The present Wave Count states that the Minute Waves A & B are completed. Minuette Wave C (blue) posed limitation as per the Contracting Triangle and failed to beach through 54.05 Levels, leaving room for the idea that Minute Wave C is about to start. SELL - Low Risk - High Reward Set-up: Entry - 53.50 SL - 55.00 TP - 49.50
Minute Wave W (red) has almost come to an end, formed out of Complex Structures. Minuette Waves a, b & c (black) also posed Complex Formations. Subminuette Wave c (red) is almost complete with the final 5th Submicro Impulsive Wave ending towards the 161.8% & 100% Fibonacci Extensions. Bearish Volumes are confirming a very possible Bullish Divergence which would...
EUR/JPY is about to make a Crucial Decision which would trigger the Last Bullish Leg towards Intermediate Wave 5 (blue), thus completing the ABC Corrective Cycle (capital green). After completing an extended Intermediate Wave 3 (blue), EUR/JPY has almost finalized Intermediate Wave 4 (blue), which posed a Complex Expanding Triangle (see Minor Waves WXY...
USD/JPY is about to finalize it's Bearish Retracement, with Minor Wave Y (red) about to end, and with it, the Intermediate Corrective Wave 4 (blue), at the 38.2% Fibonacci Measurement of Intermediate Wave 3 (blue). Intermediate Wave 5 (blue) should begin in order to complete the Primary ABC Cycle (green). Levels to Watch: Aggressive - 111.50 Conservative -...
XAGUSD (Silver) is drawing attention and showing considerable signs towards a Retracement with the Leading Diagonal finalizing close to Nov 9th ''brutal'' Resistance. The Leading Diagonal is ending at the 100% Fibonacci Measurements of the 3rd Intermediate Wave (green), and at the 161.8% Fibs Extension measurement for the 3rd Minor Wave (black). The 5th Minute...
Natural Gas (NATGAS) has completed Cycle Wave A (dark blue) with the ABC Primary Waves (purple) Structure. Cycle Wave B (dark blue) has unfolded as a WXY (red) Zig-Zag Pattern. Wave Y (red) is unfolding with the Minor Waves (pink) ABC Structure which is most likely going to finalize with an Ending Diagonal in C (pink). The Ending Diagonal (green trend-line) should...
NGASUSD (natural Gas) is preparing to finalize the Cycle Wave B (dark blue). This Corrective Cycle is ending with Intermediate Wave (C) (red), with Minor Wave C (pink) and Minute Wave V (black). Fibonacci Extensions from Intermediate A&B (red) and Minor A&B (pink) are confirming that the 150-161.8% Values will pose as Major Support Lines, as they are pointing out...
GBP/JPY is about to have Big Swings. BOJ (Bank of Japan) Press Conference is approaching, on the 16th March, right after the FED's Rate Decision. GBP/JPY's Wave Count is showing short-term weakness towards 132.80 Levels. After Minor Wave 3 (green) finalized with Brexit and Flash-Crash, GBP/JPY has started the Corrective 4th Minor Wave (green) which is expected...
ECB (European Central Bank) will announce the Minimum Bid Rate today, followed by the ECB Press Conference held by the one and only Mario Draghi who is known to rock the boat with his insights on the Monetary Policy. The ECB is widely expected to keep the Policy unchanged, however, since the last monetary policy meeting in January, Inflation picked up...
USOIL (WTI) has dropped significantly, as per the previous analysis posted, and is about to finalize Minor Wave Y (red), with it, the Intermediate (B) (light blue). We are looking towards a Long Set-up which could provide a Medium-Term Trade towards 60 Levels. After Primary B (green) has completed (after an Intermediate Running Flat), Intermediate (A) (light...
DXY is overall still vulnerable and within the down-trend for Minor 4 (black). As projected in our previous analysis for DXY, Wave X (red) has completed the Right Shoulder (Head & Shoulders Formation) and started Wave Y (red), just as we expected in the FED Rate Decision video. Minute Wave Y (red) is unfolding as a Zig-Zag within Minuette ABC (turquoise). Minuette...
GOLD (XAU/USD) has dropped nicely from our previously posted SELL 1260 Levels and hit the 50% Fibonacci Retracement (red) of Intermediate Wave (1) (light blue), thus confirming Minor A (red) within Intermediate (2) (light blue). Minor B (red) has retraced with a powerful 78.6% Fibonacci Retracement of Minor A (red) and is about to complete its ABC Minute Cycle...