surfingmarket

surfingmarket

Short at the market, stop loss above today's high. The higher time frame wave counts is much more complex and the overall bigger trend is still up. Take conservative target and tight stop loss.

surfingmarket

EURUSD just completed the first 3 wave rally to set up a bigger reversal. Look for a 3 wave declined into fib zone. Stop loss should be below the spike low at the turn of the year. Be careful that the green zone is just a estimation. 0.786 or even 0.886 are both possible.

surfingmarket

The intraday rally failed at 1:1 fib level and reversed sharply lower. The market is going to take out all the early bulls by spike below (w) wave low. At the same time it gives us the opportunity to catch a better long entry.

surfingmarket

The price action in the circle is not a start of impulsive move. 1) the low had already been placed, the (y) is completed, and NZDUSD is heading higher from here. 2) the most possible outcome is that (y) wave is yet to complete at around 0.886 retracement level. The dashed line is a parallel to a higher time frame trendline. Look for low time frame entry around...

surfingmarket

The rejection and failure below 2015 was real and scary. Fail move always leads to fast move. Prepare for a nasty short squeeze.

surfingmarket

Look forward to see USDCAD top out early 2017.

surfingmarket

We need to keep an eye on this massive trend line. My personal bias is to the upside.

surfingmarket

Short at market around 23.6% retracement or wait a bit longer at around 38.2%retracement. Stop loss should be above 61.8% retracement.

surfingmarket

USDJPY is unfolding wave 4 in the range of 111- 114.5 before heading higher.

surfingmarket

Nasdaq gap down lower Sunday night in response to the Italy ref. result. right on top of the 0.786 line of the entirely post Trump rally( exclude the over night reaction). A wave B inside of wave E is unfolding.

surfingmarket

Wave 3 is probably over at 61.8 retracement. Wave 4 rally is unfolding.