tomj2417

tomj2417

This UK share is breaking strongly out of resistance going back to the year 2000 and this accompanying EW count suggests a very bullish outlook for the share. I haven't really tackled the count for this one on a shorter time frame and it looks like it may be due a correction any time soon but this weekly chart......

tomj2417

This UK share has broken decisively above resistance dating back to 2000 on my charts and this EW count is presenting a very bullish outlook for the share. As ever with EW there are other counts that might suggest that it is already completing 5 waves up but I am inclined to go with this far more bullish count.

tomj2417

I would have to see some more impulsive price action in the right direction to get really interested in this but I will be watching this stock carefully as it looks like it might have some promise from this counts perspective.

tomj2417

A clear break below the 0.96893 level would give me a bit more confidence in this count. A bit of a messy chart with a lot of ambiguity and not at all as clear cut a zigzag as the one in USDCAD since 2016 for example. As ever with Sterling, the outcome is highly unpredictable but that is what make Sterling such a fascinating currency to me and I will be watching...

tomj2417 Updated 

The dollar index has hit the 38.3 fib extension of my waves 1 to 3. Will be watching to see if it's time for a dollar rally.

tomj2417 Updated 

As ever, there are lots of possible counts here but I liked this one because the fib numbers all headed to one level here. Am not expecting it to head there in a straight line although that's what it's been doing up to now. The impulsive nature of the move up from early December might also suggest that we have embarked on a wave 3 here. Also, a more conventional...

tomj2417

A technician will tell me if these are genuine cup and handle patterns but with all the talk out there of tops and over stretched markets there might still be reasons to be super bullish in some markets. Of course. plenty of technical patterns fail miserably.....

tomj2417 Updated 

A bit obscure this one but my analysis shows some potential upside for this inverse US treasuries ETF.

tomj2417 Updated 

Pound pushing up against a trend line on my Schiff pitchfork yet again. Can it get through it this time or is it time for another retreat?

tomj2417 Updated 

Another wave count that might suggest that this bullish run since early 2016 might be due a decent correction. Might still have some run up first though if it doesn't turn around here.

tomj2417 Updated 

In this count it looks like a corrective rally may have ended and we may see more dollar weakness in the coming days.

tomj2417

A tad optimistic? Might well be, but with my waves 1 and 3 being equal it could suggest an even longer wave 5, assuming my count has any merit at all.

tomj2417

I can't help but feel bullish for UK stocks in general when I do a count like this one. Might be a bit optimistic on my projection for a 5th wave target but time will tell. I have added a parallel channel to try and project a target for the 5th wave but they sometimes work with log scale, sometimes with arithmetic and sometimes not at all.....

tomj2417 Updated 

Looks possible that this is developing into a flat or expanded flat correction which may see this stock correct further before heading up again......perhaps. My 3rd wave was just a tad short of the 1.618 extension so perhaps the 5th wave might even extend. With this stock.....anything is possible.

tomj2417

This index has really powered up since December but the question I ask myself is if my wave 4 finished already at just above the 23.6 fib as shown by the blue count or was it a bit short there and this surge up is all part of an ongoing wave 4 unveiling as an expanding flat. Tough one really. Whichever way I look at it though it looks like there is still upside in...

tomj2417 Updated 

Pretty obscure I know, but a popular trust for UK income seekers paying an over 5% dividend. My Wave analysis suggests there more be more downside before we see any decent rally or continuation on any uptrend in this trust.

tomj2417

This is an alternative count to one that has already called a top in the DXY but could be just as plausible depending on where you sit on this currency. I'm really in two minds (as usual) but what happens next should help make up my mind.

tomj2417 Updated 

This one will probably let me down right at the end of the move but I have attempted to show how this 5th wave has taken on board many facets of Elliott Wave. The principle of alternation in the two corrections, the fib extensions and the otherwise clear nature of the count. I am expecting another, final leg up to complete the 5th wave and this text book example...