chessnut

chessnut

This is a clear cut and robust EW juncture in the BTCCNY pair that rounds off an abc correction from the 1900 high. With a certain impulse here following a terminal triangle, we can expect higher highs from this point even in a bearish case. With rumours that McDonalds will be accepting bitcoin soon, this is not a juncture I would want to miss out on.

chessnut

Oil has declined more than 50% in just a few months. A terribly steep decline. Sentiment has turned, with analysts finally embracing the bear, forecasts of sub $40, even down to $20 are not uncommon. This is therefore a time to look for at least a short term bottom. While these targets are possible given time, the chart is begging for a reaction with RSI severely...

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USDJPY is not impulsive downwards, yet not impulsive upwards. The latest bearish action has nullified the chance of trend continuation - for now, as it seems wave E of the triangle completes in zig zags. This could spell trouble for the fragile global economy, as triangles are quite reliably terminal moves. this could be the USDJPY's last breath scraping new...

chessnut

Oil is in a IV wave bearish triangle. This will most likely resolve downwards. if it resolves downwards it will find a medium term bottom in oil for some months at least as triangles are always terminal moves.

chessnut

This is a clear cut EW count that is bearish for the EURGBP. Tringles are terminal moves, so although it is medium/short term bearish, it does entail some bullishness in the longer term.

chessnut

This is a consistent count with a coming III or double zigzag in the bigger picture of BTCCNY. See the links to follow my greater count. This could take us to new ATH from here, or the low 3000 yuan range before $270 retest.

chessnut

Recently the wave b(IV) count failed when we broke down through 2060 yuan denying the impulse that formed from 2035yuan. The motion downwards is impulsive. wave b's cannot be impulsive. Then what is this? could easily be part of wave major V that we expect after wave IV is completed. But where are we in the stage of wave V then? This is the most fitting count -...

chessnut

This is a fine EW count for BTCCNY and BTCUSD. Triangles are terminal moves, buying in this area is a high confidence trade. Stop under 2000.

chessnut

Today an EW count for BTCUSD was clarified by some corrective behaviour and price level breakouts. we are now in a corrective wave IV, heading towards the territory of wave iv (III) cerca 450. This points to a long term bottom in the mid 200s in around December. this will serve as a base for price to move above all time highs to complete a grand cycle.

chessnut

Bitcoin is offering a clear EW count after a long down trend into the 200's region. We have seen a iii wave, either of larger wave III or V dip down to 275. the bounce was not impulsive, and we require a wave v to terminate the whole move. this count, a fourth wave triangle residing within the territory of the iv wave of one lower fractal is simply a gift, this...

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The EUR has taken a tough beating recently, dipping quickly and deep into impulsive behaviour. The EW analysis is clear and comprehensive, we have completed the iii wave down, and we need to correct to the iv wave of one lower fractal, 1.29-1.30 before continuing down to complete the v wave at 0.618 of iii, 1.22. From that level we can look for a larger...

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Elliot wave analysts are seldom gifted with counts as clear and high confidence as this. In my earlier publications I have been tracking the IV wave triangle that gold was shaping in 3's. this I expected to precede a fifth wave to end wave C of a large scale correction. the fourth wave triangle has met the criteria for completion, and now we clearly have an...

chessnut

bitcoin has gifted us with a clear ew count in recent volatility. the pattern is yet to complete, offering us some trade opportunities. Currently wave iv of iii is clearly unfolding as a triangle (typically), with no impulsive behaviour to the downside within the correction its self. now is the time to go long, aiming for 685 (0.618 projection of wave iii onto v)....

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I recently published two EW analysis of gold bearish triangle situations. last night, gold hit the top trend line of the smaller scale triangle, completing the 'e' wave, and now we have a primary to the down side. this suggests that a larger (C) of wave 'D' of the larger triangle is under way, targeting cerca 1200. although the scale is small regarding the...

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GBPJPY is no longer behaving impulsively to the upside, and it looks like a wave C down at least is necessary before further upside can be made from an EW perspective. I am bearish under 173.4. USD may have a tough time this week as gas contracts will likely be signed in china denominated in Ruble/Yuan.

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It seems that gold is bearish in the coming months from an EW perspective. Unless wave C is a failed wave C, it appears we are in a wave IV bearish triangle. on a smaller scale, we have a triangle about to break down to around 1200 as 'b' of an abc. buying at 1200 is risky and better to wait for a good short opportunity under 1375, targeting around 1000 for wave...

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a triangle is clearly outlined in XAUUSD, however it is unclear at this stage where it will resolve. Breakout opportunities will come about breaking 1310 to the upside, or 1277 to the downside. better opportunities will come to proactive traders within the triangle. short side is favoured as a fifth wave down is still expected in XAUUSD, and the fourth wave is a...

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Here is a nice and clear abc pattern in XAUUSD. last night a third wave of C brought us to 1308. the iv(C) should turn in the iv wave area as illustrated, before a fifth wave moves up UNDER 1317. (strong stoploss level ifthe analysis is correct). I will be looking for a fifth wave weaker than the third wave, to turn around at .618 of the iii wave OR after a clear...