HSI looks terrible to be predicted to 20-40% further drop to 179xx and 118xx next year, based on monthly Elliott wave. Anyway, it will still rebounce based on a short term Elliott wave it has finished from 304xx(Apr 2019) to 211xx( Oct 2020). The rebounce target maybe 283xx maximumly by 17%.
As we analyzed yesterday about the whole week's trend by the end of Oct, it will go down and up and jump finally. Now at the beginning of the new week for FUTURE market, it showes lacking power to go deeper, and is forming a Bull Flag, so we will Long for Monday. This is our Biggest focus today till it fails or is completed. At the meantime, it gapped down, so...
DXY completed an Elliott Wave downstairs to 92.5 from 93.8, so it will rebounce next week as supposed. However it formed a H&S with H 94.7 and S 93.6/8, so the first half of next week would be raised to pressure/neck 93.25 and last half drop through 92.5 till target 91.78. Thus, all risk capital (Gold,Silver,Oil,USA Market) will raise retrace firstly and raise...
China just built its H&S by breaking through the downstairs trend pressure. The target is 3550(Peak in Year 2018). it would be crazy.
China just built its H&S by breaking through the downstairs trend pressure. The target is 3550(Peak in Year 2018). it would be crazy.
For short term, Gold is exacting a elliott wave downstairs and now is its IV of rebound to chance the target as no higher than $1910. Inside of this wave there is a H&S which also point upon above target. But it is still ok to low suction by neck price $1900 or $1896 once it broke. In another aspect, the whole pattern is a Triangle in Downstairs Trend, this means...
EUS is building its historic bearish trend from Week pattern For 4H it has a short-term chance for hitting back $1.8( the beneath support of upward trend channel($1.161-1.183)), but it gave up. Now it is establishing a new elliott wave downstairs, which's target is $1.154, in that way, it will break the bottom of $1.161 Anyway, i will base the plan to do a low...
In long term( Weekly) it is still in a upward trend channel,though, with a H&S pressure( $1.33) Zoom into 4H, it is supported by $1.284 for its upward trend channel.and it is also its Fib 61.8%. Zoom into 1H, it dropped though $1.291, so this would turn into a pressure to work.
Dow arrives its 76.8% fib retracement so definitely is a signal of peak (tough maybe a pre-signal) and step back. The step back would be along the upwards trend line and of course will finish all the gaps since last week filled. But the question is, is it the finish of upwards? No, based on the room calculation, it would be around 289 or 290. Besides, if a H&S...
1.Nasdaq is setting up its Head & Shoulder Top 2 but for further term cycle, it is a Head & Shoulder Bottom 3.Now it is at the highest pressure for Head & Shoulder Bottom Neck line. so it will drop soon. 4.Fib position is 50% below from its Sep top. 5.Elliott wave says it's at 4 end and ready for 5 accelerating if Head & Shoulder Bottom fails.