sciencei

sciencei Updated 

Guys, first of all, we are proud to share that our ideas here on Tradingview amounted to more than 250% return in just 4 Months. This is awesome and we hope that many of you profited from them! We suggested during the past weeks that some leading diagonal pattern is slightly more likely than a triangle. Whatever it is, this pattern is tradable on both sides....

sciencei Updated 

The EUR/USD elliott wave structure now counts as terminal within multiple degrees. Moreover, the drop off the top looks impulsive. Last but not least, the picture gets confirmed on other USD/xxx pairs. A tight S/L can be set at the previous high. Further extension to the upside is not likely if that high holds. Target at the extreme point of the previous fourth...

sciencei Updated 

A Dax long entry setup is on the horizon. The German index appears to trace a motive wave from our minuette wave (c) label low. It may be an impulse (depicted in black) or an extending leading diagonal (red). Right now, it counts as a complete extending diagonal from the March 26th low. The opening gap during the current swing up as well as second waves, in...

sciencei Updated 

This is the safer of two alternatives on how to trade a triangle. The clue is that you wait for it to break. Moreover, you keep patient for a retest during the first notable pullback (look for a 38.2% Fib.). The trade gets activated on the retest, which usually allows a tight stop / loss level. Your upside target is close to the biggest distance that you saw...

sciencei

The most probable pattern remains either a flat (black count) or a double-three correction. There is no clean Elliott wave count for the rally since September 2017 besides what we label here if Elliott's rules & guidelines are taken into account. Hence a post-triangle breakout is unlikely for past days price action. The red count suggests that the 2 weeks of...

sciencei Updated 

Odds favor that the correction isn’t over yet. The short-term oil Elliott wave structure continues to appear as a flat or complex double-three correction. WTI traced out minuette wave (i) probably as an expanding diagonal. Minuette wave (ii) counts as an expanded flat correction. It is near a 61.8% fibonacci retracement right now. We expect a drop in wave (iii)...

sciencei Updated 

The EUR/USD is probably about to break out of a triangle. This triangle is part of a zig-zag structure to the downside. Moreover, the currency pair is right at the support of a trend, which started in November 2017. S/L & target levels on the chart

sciencei Updated 

Odds favor that the correction isn’t over yet. The short-term oil Elliott wave structure continues to appear as a flat or complex double-three correction. WTI traced out minuette wave (i) impulse already. We should be now in minuette wave (iii) to the downside The subsequent drop will most likely reach into April before the correction reaches a proper size in...

sciencei Updated 

The EURCHF is approaching interesting levels in an interesting manner. It approaches trend line resistance of the downside trend, which started in 2007. This trend is depicted in light blue in our charts on this page and runs currently around the 1.17 level. Interestingly it seems to approach this trend in a wedge pattern. The waves within the wedge subdivide into...

sciencei Updated 

A double-three complex correction probably plays out in the S&P 500. The last leg down (from the March 13th top) counts as an impulse to the downside. Its fractals show alternation between an irregular flat subminuette wave ii (shallow and complex) and a big swinging wave iv (sharp and simple). Subminuette wave v probably ended in a dirty manner with a very small...

sciencei Updated 

Hi Guys, crude traced out an impulsive drop from the Feb. 2018 high. Subsequent wave action looks corrective to the upside. The correction may be either a zig-zag or a sideways extension as part of a complication. The zig-zag could burst imminently to the downside in terms of a valid and complete Elliott wave count. This here is a speculative short-term trade...

sciencei Updated 

It is very likely that the S&P 500 will get at least close to its all-time high in the coming weeks. We conclude this regardless of the Elliott wave pattern that forms eventually. The wave, which currently develops, has all the characteristics of a 3rd wave so far. S/L 2700 T: 2835

sciencei Updated 

The short term wave structure becomes corrective to the upside if we immediately head from here down below 3393 points. This level coincides with an important level on the entire European equity complex. If it gets broken a retest of the early February lows is likely for most of the major European equity indices. However, if the Eurostoxx 50 rests above this level...

sciencei Updated 

There are two plausible scenarios. Either the market resumes its trend to the upside in a final minute wave v(circle). It is likely that the last swing to the upside, labeled as minute wave v(circle), started off last Friday's lows. The best alternative scenario is an interim top that has been reached at the end of January 2018. However, even that has likely a big...

sciencei Updated 

The DAX has not shown a terminal elliott wave pattern yet. Hence, an interim top is not in as of now. Moreover the recent pattern counts like an irregular flat down to subminuette degree wave structure. The DAX either finished the drop on today's low or needs another low in minuette wave (v), which may come tomorrow.

sciencei Updated 

Our base case scenario sees a complex double zig zag pattern for intermediate wave (4). The second zig zag started in April 2017. It is depicted by the light blue trend channel in our chart. The patten counts now as complete. If intermediate wave (4) is complete indeed, the cable is likely to head steep south. The sharp character of wave 3° should reappear as...

sciencei Updated 

Guys, this is an update to our Post here from Feb. 22nd. Bitcoin is approaching a level that is very risky from an Elliott Wave Technical Analysis point of view. The previous correction low (8366) is a very important level. The Bitcoin counts as a 1-2-1-2-3 correction from our minor wave 4 label If that level gets taken out to the downside. It means in plain...

sciencei Updated 

The cable look finished or nearly finished at multiple degrees. It struggled to reach new highs as other USD/xxx pairs. A short term trade with an attractive Risk / Reward setups pops up right now. A second wave of minute degree is complete if 1.401 does not not crossed to the upside. It counts as a flat (black count). The overall pattern has huge downside...