PRO_Indicators

PRO_Indicators Updated 

DAX is now offering an interesting buying point. This is pure counter trend call here, I remind you that I'm selling the DAX and still having positions running with short leverage. This call is simply an opportunity for me to reward some extra pips on this interesting configuration shown by a joined Elliott/PRO Sinewave(beta) market reading.

PRO_Indicators Updated 

Combined Elliott wave analysis and cycle analysis through PRO Sinewave (beta) both tend to confirm a TP area nearby the current prices which would mean the end of subwave 3 of our supposed last impulse (V) that is our extended wave. Which means that we may still have a final 5th wave to complete on the subcount in order to finish this cycle. Anyhow bulls must get...

PRO_Indicators

Better have this one in close look after the FED's event tonight.. Cycle analysis through PRO Sinewave (beta) shows that the last bullish cycle which we're into is a potential reversal cycle.. this means that now resistances can be broken easier... and the probability of false breaks attemps like the previous one is very low. Soooo... pay attention.. if VIX goes...

PRO_Indicators Updated 

Better watch this closely. There's very interesting risk reward ratio here. And I'll probably drop a short if we have a bearish breakout of that possible ending diagonal formation that would complete the 5th wave of our second impulse of higher degree. Market is still bullish (wave 3... so still have a 5th wave to complete) but as our 3rd wave here provided not a...

PRO_Indicators Updated 

Following on from the previous analysis that showed out t arget for wave 3 (reached precisely) , we expected the prices to retrace back to previous supports. But for now it seems to refuse that and prices seemed to look like an early ABC extended flat consolidation . To confirm that we need to temporarily break through resistance and search for a theoric 138.2%...

PRO_Indicators

Following on from the NASDAQ spectacular last friday session, we can confirm that we probably reached the end of the current bullish wave that started upon Trump's election. The time for consolidation may have come and when it comes to that point in Elliott, things can get pretty complicated ! Anticipating a corrective structure is almost impossible. BUT there's...

PRO_Indicators Updated 

Just as american indices the Elliott count suggests that the "big short" is coming a bit later ! Anyway there's no point buying the current prices either.. Buyers must get out here and wait for better prices to come back in for the last ( III ) wave before we get to reach the final supercycle count.. Which will mean that we will finally be able to get that...

PRO_Indicators Updated 

This study of DOW's price action cycles via PRO Sinewave (beta) shows that we reached an exit zone for buyers and regarding the strength of that bullish move, this could be great opportunity to profit from the possible retracement move that may follow up. Of course this move is counter trend and should not be considered to trade any else than low leveraged...

PRO_Indicators

Our previous analysis showed a positive reaction on the anticipated short reversal zone. Now that the prices have shown reaction on daily we have the usual intraday 'Dead Cat Bounce' pullback move to strenghen short positions and preceed what is probably going to be the beginning of the forthcoming swing move ... Awaiting for the final version I added PRO...

PRO_Indicators

Wave 3 has reached target and will most likely retrace back to key levels of this impulse. First easy to spot target will be previous (iv) and second one will be defined later but we can speculate on a maximum target at previous wave I overlap (that is strong support as this wave was extended), and a maximum timing with the current price channel support...

PRO_Indicators

Updating from the previous analysis, cycles shows that we still have the chance to make a final wave to complete the elliott count on short term period. Using theoric targets show that the best case scenario could lead to a price near 12950 . A price that sounds interesting to me as it was the highest ask price reached by the "fake" IG quotes during the first...

PRO_Indicators

GER30 INDEX:DAX Following on from the previous daily/weekly analysis (right below), the intraday H2 chart shows that the market could still need to run for a 5th subwave before reaching the ( III ) cycle end. As we can clearly identify a 1st wave expended impulse for this last move, we can plot a theoric target at 61% extension of subwave 1 starting at current...

PRO_Indicators Updated 

Following on from the higher degree analysis : Price is showing a potential ending diagonal formation that will validate price reversal on the higher degree. Meaning we could soon find the end of our wave (III). The market should then retrace back in two waves to the levels displayed on the previous chart. Two entries can be made out of that scenario. One...

PRO_Indicators Updated 

Elliott waves count suggests that the TVC:NDX is probably going to reach wave end near the current price area. Offering a retracement opportunity that could retrace back to 100% of last wave (III) as we can see that we already reached theoric target for wave (V). At this point it's hard to say before we've seen what the corrective wave looks like.. But I'm...