aibek

aibek

It looks like wave X unfolds as a triangle ABCDE. Earlier I was waiting for the flat where eurusd could reach at least into 1.17 area. But market couldn't raise its head so high. The ultimate target for the whole retracement is located at 78.6% Fibonacci in the 1.08 area.

aibek Updated 

The NOK could have finished it's flat correction. Oil is set to weaken again and it would hurt krona. Minimum target is at the previous top 8.99

aibek

Price broke out of the consolidation first. Now after first impulse up in the second leg there is a correction shaped a Falling Wedge pattern. The pair breached higher and it could reach the 1.3340 area where second leg is equal to the first leg up.

aibek Updated 

The price of oil is finishing the corrective structure (a-b-c) with wave c completing a possible ending diagonal. It could reach out to 50 area. The wave c is already longer than wave a, therefore we will see another drop afterwards. The minimum target for the anticipated drop is located at the earlier low at 42.34.

aibek

The current upside move looks too large compared to the preceding downside move, which has been retraced lately. In this case, one of the possible ways the waves would emerge is the triangular consolidation abcde white in wave (b) yellow. The other option is that we already have bottomed in wave (b) at the point where I set the end of wave c of...

aibek

The breakdown below wave D of 5.07 is needed for confirmation. It could be a 78.6%-100% retracement and even beyond of a previous move to the upside in Y2012-2014.

aibek

There will be no miracle. Less revenues from falling oil market will drag the index lower as it should be around 800 already and could hit 530 when the oil would retest a multi-year low. The correlation index for the past 12 months shows negative correlation but it is a temporary situation as on the longer periods (20+ months) it is positive. This will change...

aibek

The pair had finished the entire WXY corrective structure as price broke down below the trendline support. Then we had a pullback to retest the broken support. Now the Bear Flag continuation pattern has been shaped. The price should at least retest the former trough of $1.1215.

aibek

The small bearish divergence was detected as a harbinger of soon reversal in the gold. All waves are there and the drop could retest former valley of $1122.

aibek Updated 

Wave c of Z could hit between 1.272 ($1254) and 1.618 ($1266) of a of Z. This area corresponds with a former top highlighted with a yellow horizontal segment.

aibek

50.50 is key

aibek Updated 

The index has been trapped within a large sideways consolidation where the second leg exceeded the former top and could potentially drop below the former trough as well. After that I expect the index to resume its way to the upside ti hit 3000+ area.

aibek Updated 

This pair couldn't advance significantly amid poor NFP data. The sideways moves 3-3-3-3-3 shaped the famous Triangle pattern. Last wave up completed this pattern last Friday. Now the pair could resume down move to hit the trend line ($1.10) that was built through recent troughs.

aibek Updated 

The correction looks complete within WXYXZ triple three pattern. Another leg up could have been started. Now any minor correction could be a good buying opportunity.

aibek Updated 

EURUSD has a very complex structure (yellow wxy) inside of a larger degree consolidation (white WXY).

aibek

Double three

aibek

Blue labels indicate that the correction is over within WXYXZ triple three corrective structure and we can retest the former top above TRY 7. White labels imply longer consolidation within WXY double three pattern with retesting of former low before the final devaluation. Both maps show that lira could weaken to 6+ level first.

aibek Updated 

Correction became complex and transformed into double three...at least. 50-61.8% Fib and the upside of the channel are targeted.