If my count is correct, the bull market is far from being over. Once reached wave3 in yellow around 6200-6300 area, the market should correct but still finding support in order to end wave 5 yellow (not in the chart) into 7400 area.
Any ideas?
For what I see at the moment, the wave 3 (blue colour) has not ended. Internal waves of this wave3 are still under way and we are currently in the wave IV, that should hit the 61.8% fibo retracment from december lows. Then we should see another leg down. Fibo proj on wave 1 and wave 2 (blue colors) gives at 161.8% a price in area 2260. So thats my target at the...
In the long long time frame, we could be just in another correction, ending wave 4 in area 9000-8800 before resuming the uptrend towards 15k area.
Just an idea that needs to be confirmed by Eliott wave levels.
Any ideas are welcome as always.
If my count is correct, we should see 10yr German yield blowing up in the coming years with price target around 132+ by 2023.
Any comments and critics are welcome.
If my count is correct, 2950 area was the end of a third wave (red colour), considering the starting points 1 and 2 in the earl 2009-2010 years. Since the correction of wave 2 (red) was very shallow, we should expect the corrective wave 4 to be wild enough and reach the intermiadiate wave IV (blue colour), which is around 1750 area.
Any comments and critics are welcome.
After selling off the first 2 months of 2016, Dax is ready to rebound 8-10% until mid April to 9350 level first and 9700 area after. Once there, get ready to go short heavily cause we will get a wild selloff that will beak lows of last week rapidly. Comments/Ideas/Critics are Always welcome.
After selling off heavily for the last 2 months, Dax is ready to rebound something btween 8%-10% pushing the index to 9350 first and 9700 until the mid/end of April. After that, GO SHORT because the lows of last week will be broken quite fast. Comments/ideas/critics are Always welcome.
Dax should reach 8600/8500 area to end the minor wave1 of the major wave3 that is ongoing. After hitting 8600/8500 area expect a correction that could take the Dax back to 9500/9600 (38.2% Fibo) area, which would end the minor wave2 of the major wave3. Comments are welcome.
