Staggi10

Staggi10

Another very interesting candidate especially giving the high dividend yield that the company pays to their share holders. My analysis indicates a wave 2 of wave 3 (one degree higher up) will soon come to an end. The price action doesn´t look like it is ready just yet though price is inside my designated target area where a turn could happen. I would like to see...

Staggi10

Short update on HAUTO The stock continues to correct down and becomes more attractive by the day. As price approaches the low of wave A it might bounce but the momentum is clearly bearish for now and one should remain patient and wait for prices below 80 NOK and even better so 65 NOK. Right now price is an the wave c of 2 and we want to trade the wave 3 which...

Staggi10

I chose to present the chart as log scale to show more clearly the sub-waves of the white impulse count. Without that the impulsive structure of the waves wouldn´t be easy to see. My main scenario is that Adidas will become cheaper in the foreseeable future as market price broke the structure indicated by going below the white "IV". Also, the current uptrend on...

Staggi10

Hoegh Autoliners will be a very nice buy in the future around 79-65 NOK. The stock has almost 30% dividend yield and future stock price could be around 300 NOK. However, the stock has rallied ever since its IPO and is already in a sideways corrective pattern that will likely turn out as an expanded flat structure.

Staggi10

As mentioned in the previous post the wave overlap was not ideal and potentially wrong and this means that we could in fact have a even more bullish scenario where price has made a double 1-2 setup and price could be pushed up to about 450 - 650€.

Staggi10

Today I will look at Volkswagen (VOW3). VW has had a very tough period especially with the transition to building electric cars and uncertainty especially with european legislation and market regulations. (not a complete fundamental analysis, please search for more fundamentals elsewhere!) My Elliott wave perspective tells me that we are closing in on a potential...

Staggi10

This is my best guess on AUDCAD outlook on the daily. The move up to the latest swing high on the daily was a 3-3-3 pattern which is an WXY pattern again. This pair seems to like printing complex correction patterns. The momentum is to the downside and we should only be looking for shorts!!!

Staggi10

GBPCHF - short term, it´s a long/buy !!! Price is moving inside a rising wedge type of pattern. - long term, we should be looking for a reversal and stronger CHF against the pound. I´ll post another chart for the higher time frame analysis

Staggi10

Gold is close to ATHs again and we are inside the range of what I believe to be a consolidation of a wave 4 of 3 of C. The bigger pattern could be an ending diagonal. Today is CPI news for the USA. Very important indicator for the FED. Higher inflation could strengthen the USD and briefly send gold down. I see a lot of overlapping structures with several of 3...

Staggi10

The strong move down today opens up a different possibility! Still don´t think the correction is over but it took a detour instead.

Staggi10

Please check my previous chart on AUDCAD to understand my main idea. I still remain cautious and believe that the bulls haven´t won the fight just yet. Short-term I believe we will go down for about a week until we will learn about the nature of the price action. Bearish case = We just finished a wave 2 and made the first 1-2 of a longer wave 3 down. Bullish...

Staggi10

GBPJPY needs to push higher since we broke out of a triangle ABCDE pattern and price didn´t bounce off from a fib level for further continuation down. Currently, price is moving inside a wave c of (B) [blue count, intermediate level). My expectation is a rejection from the 78.6% fib level to continue down for the wave c of 4.

Staggi10

During the last days Matic broke the previous low and therefore invalidated some of the Elliott wave counts going around that I have seen. Currently price sits at the 88.7% fib retracement of what I believe is the end of the wave 2 (primary grade). What I have to admit that I haven´t seen is a WXY formation for a wave 1 but this could be lack of experience. I...

Staggi10 Updated 

The Yen is the weakest currency you´ll ever see but even such a trending market will eventually need a break. The chart is the weekly time frame of GBPJPY and I expect in the next couple of weeks the beginning of a larger corrective move to the downside. Right now it is too early to say when we see the start of the retracement but around 208 - 210 is a good...

Staggi10

My previous analysis showed an ABCDE corrective move as one possible outcome. This pattern is completed and we broke a support level that price has been leaning on several times before. All of this is to me indication that price will continue bearish until the red wave Y finds its end point. First after that the pair may revert to a bullish period again.

Staggi10

We had some good news from the US both for the production sites but also a new big contract! We "can´t" go lower than that and that´s why I believe we will go up from here but there are two level that are crucial and price needs to go past them. I can´t really make a new bullish count yet - wait for next update! These low levels have been appealing to me and I...

Staggi10

If I look at the structure and wave extensions and also that we have an overlapping wave pattern that seems to be trapped in a channel the conclusion that I draw is that we will see more downside to finish a wave 4 or what I deem more likely a wave B or X. You can´t see it on this chart but if we would zoom out what we can see is GBPAUD is in a multi-year...

Staggi10

I have to admit that I´m surprised how accurate my count has been so far. Can I say that I followed through all the time? No!!! Analysis is one thing but trading and not getting discouraged by the market is another thing. AUDCAD is reaching my target zone from where I believe it will turn down again. This scenario gets invalidated if the first major high to the...