aibek

aibek

We've got the first leg up, then irregular sideways structure. Now, the second leg up kicked off. Target 151.40, leg 2 = leg 1

aibek

Textbook Cup & Handle pattern (yellow) is in progress. The target for this pattern is located at the depth of the "Cup" added to the breakout point. So, the gold futures price eyes $3,000.

aibek

A pullback in yellow wave (2) almost hit 61.8% of yellow wave (1). Now we see the strong minor impulse to the upside. It can be a part of large yellow wave (3). The target is projected at the distance of 1.618x of wave (1) with aim at $2,577. Watch how price breaks above the top of wave (1) beyond $2,086 Risk/reward is 1:2.5, one could get it better if goes on a...

aibek

There is much noise about dollar losing its king status in the world. The drop in the yellow wave b within a correction could have spurred that speculation. You can see that it was a natural move to retest broken former barrier. It was successfully rejected as the price bounced up quickly. The target for the next move could be around $125 where yellow wave c...

aibek

There is a Bearish Harami reversal pattern in the making on the S&P 500 ETF weekly time frame. It looks perfect as a textbook sample. Stop is above last week's top at $445 Target is just above the opening of the second candle of preceding growth at $392

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The price could be in a 5-wave sequence of large wave C (orange) to upside. The target is in the blue box in the range of $0.20-$0.24, which represents 1.272x-1.618x of wave A in wave C.

aibek

The retracement in wave (X) (orange) could be over as it reached 61.8% of wave (W). It unfolds in a triple three WXYXZ (yellow). Y and Z are greater than W, which is healthy. The target is the previous valley of Jan 2016 at $1.94. At this target point the wave (Y) will reach the distance of 1.272 of wave (W), which is Fibonacci ratio.

aibek Updated 

The narrowing gap of real interest rates between U.S. and Japan pushes the pair higher, the next big level is 150. We could be in wave 4 currently and it could emerge as a triangle as the recent peak and trough did not exceed previous extremes. There is a beautiful uptrend.

aibek

Bitcoin completed the consolidation and dropped to trendline support. Watch the breakdown. The Volume Profile indicator offers a very support in the area of $9k-$10k. It is a double support as there is a mid-channel either. In case it gives up - the next support is only in $4k area.

aibek

A large sideways consolidation could be over with an Ending Diagonal in the wave C. The minimum target is to retest the previous top of $138. RSI is breaking above the 50 "waterline" into a bullish area.

aibek

Corrective structures are tricky, the wave b emerged within a complex structure. The map posted in 2018 appeared to be valid (see related) and I dropped it early. This is a refreshed chart of the old map. The wave B slighlty exceeded the top of wave A. The wave C down could emerge in 5 waves down within the strong impulse or an ending diagonal. Price could retest...

aibek Updated 

Earlier I posted maps for EEM consolidation (see related). This last sharp move makes me thinking of a completion of the correction. Then we got the contracting flat WXY. Triangle could be the next alternative ABCDE. Target will be at 75 then.

aibek

The RUB is getting stronger amid global weakness of USD (DXY) and rising crude oil. Below RR 72 the move to the upside could be invalidated. There is a chance that this drop could extend to the downside to build the large wave Y of WXY flat correction. We saw such a drop in wave W before. The minimum target is to hit the start point of wave X at RR 68. The equal...

aibek

The wave B is a flat and it could be over. Another drop could start soon in wave C to hit the blue box between 35 and 31

aibek

It's totally bullish sentiment around the main coin. Maybe it's time to challenge that view? I didn't watch bitcoin for a long time and the eyesight became clear and not biased or influenced. So, looking at the clean chart I detected the intermediate corrective structure of a contracting flat WXY (blue labels). That model retraced the preceding wave (W) (white)...

aibek

the metal is still within a complex correction. the wave Y of (X) could have started to retest the former top around 30 then another drop will follow to complete the entire correction around 23.39 after that we will resume to the upside

aibek

The long awaited correction in oil has kicked off as we got beautiful impulse down with all 5 waves visible and clear. It could be a wave A of (2). And I expect some recovery soon as another short opportunity. The next leg target will be updated upon completion of the wave B. The wave 5 of A is still in progress and could drop lower.

aibek Updated 

This is the updated map. Could be an ending diagonal in wave 5 to complete the first impulse up It goes in line with the big map (see related) and also my forecast that price should fill in the gap occurred when Saudis started price war this March