ENDING DIAGONAL TO COMPLETE WAVE 4- ALL THE SUBWAVES ARE TURNING OUT TO BE CORRECTIONAL!
BITCOIN IS NOT A BUY YET. ELLIOTT WAVE ZIGZAG ABC....A SIMPLE 5-3-5 PATTERN
looks to go higher for wave 5!
waiting for the channel break and subsequent impulse
SHOULD RALLY THIS WEEK TO>95 IN RED4, THEN SELLING SHOULD RESUME TO COMPLETE RED5 OF (Y)WAVE TO ~85,THEN WILL PROBABLY START ANOTHER (X)WAVE RALLY - WE SHOULD EVENTUALLY SELL DOWN TO (Z),THE PREVIOUS WAVE (4) LEVEL OF ~$56 !! RETRACEMENTS USUALLY GO DOWN TO THE LEVEL OF THE LESSER DEGREE WAVE(4) , ALSO PRIMARY REDWAVE II WOULD BE AT THE FIBONACCI 61.8% RETRACE OF...
Im favoring the impulsive blue12345 over the triplecombo Z correction
This is the 'BIG' picture Elliott wave analysis of where/what price the euro/usd may be heading;ultimately the euro WILL fall below parity to ATLEAST that 1.272 extension of red(3) to .95. Notice that black circle X from may2014 ended a super triangle that never reached the upper end of that ltblu ACE trendline but began this impulsive down move that we are now...
(X) wave triangle may be forming..small pop to complete black dwave then drop for e to complete (X) then huge pop again TO COMPETE THE (Y) WAVE..notice how all subwaves of the triangle are 3 wave structures(green).Leading diags are in green; ending diags in red. FXE options are a way to go if u dont like the currencies ..wait for e to end then sell put spread at...
Elliott wave correction of NGAS . looks to be hitting a bottom with a possible ending diagonal to end the 5wave count c'wave. ,,support may break a little( as before around 3.31.15) but overall looking for a y'wave reversal. Note how the 4th wave of a hit the 1.272 extension of 1-3 and 3rd wave went to 1.618..these are classic subwave relationships. y wave should...