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Ewj: elliott wave
- Thread starter mu200411
- Start date
$USD wave count is 5 waves up 3 waves down.
Next may be another 5 waves up to 89.
Note RSI and MACD BUY Signals.
$XEU wave count is 5 waves down 3 waves up.
Next may be another 5 waves down to 110.
Note RSI and MACD SELL Signals.
Gold, Silver and Crude Oil are in very large triangles.
If $USD is going up, all three should be going down.
Note Gold "Big M" pattern.
MACDs and RSIs are bearish.
VIX offers no cushion.
Next may be another 5 waves up to 89.
Note RSI and MACD BUY Signals.
$XEU wave count is 5 waves down 3 waves up.
Next may be another 5 waves down to 110.
Note RSI and MACD SELL Signals.
Gold, Silver and Crude Oil are in very large triangles.
If $USD is going up, all three should be going down.
Note Gold "Big M" pattern.
MACDs and RSIs are bearish.
VIX offers no cushion.
Attachments
Apr 2009's Low may be end of Cycle Wave IV)A or Cycle Wave IV)C.
After that may be Wave IV)B or Wave V)I.
Three Primary Waves may be III]IV)Ba]-b]-c] or V]I)1]-2]-3].
The third Primary wave is almost equal to the first Primary wave by mathematical scale and comprises of 5 Intermediate waves.
The first Intermediate wave and the third Intermediate wave of the third Primary wave are almost equal.
The fifth Intermediate wave is almost equal to the third Minor wave of the third Intermediate wave.
The fifth sub-wave of the fifth Intermediate wave is a bit shorter than the first sub-wave of the fifth Intermediate wave.
At the triple measured move there may be some set back.
After that may be Wave IV)B or Wave V)I.
Three Primary Waves may be III]IV)Ba]-b]-c] or V]I)1]-2]-3].
The third Primary wave is almost equal to the first Primary wave by mathematical scale and comprises of 5 Intermediate waves.
The first Intermediate wave and the third Intermediate wave of the third Primary wave are almost equal.
The fifth Intermediate wave is almost equal to the third Minor wave of the third Intermediate wave.
The fifth sub-wave of the fifth Intermediate wave is a bit shorter than the first sub-wave of the fifth Intermediate wave.
At the triple measured move there may be some set back.
Attachments
$USD 5 waves UP 2 waves DOWN.
There may be the third wave DOWN to 82.0 before going UP to 89.
$XEU 5 waves DOWN 2 waves UP.
There may be the third wave UP to 132 before going DOWN to 110.
Gold is going UP. Resistances at $1620, $1632 and $1640.
Silver sideway. Resistances at $29.2 and $30.27
Crude Oil 5 waves DOWN versus reverse Head and Shoulders pattern.
There may be the third wave DOWN to 82.0 before going UP to 89.
$XEU 5 waves DOWN 2 waves UP.
There may be the third wave UP to 132 before going DOWN to 110.
Gold is going UP. Resistances at $1620, $1632 and $1640.
Silver sideway. Resistances at $29.2 and $30.27
Crude Oil 5 waves DOWN versus reverse Head and Shoulders pattern.
Attachments
Reverse Head and Shoulders pattern made Crude Oil jump UP to $96.6. Now at measured move. There may be some set back soon.
Next resistances may be tops near $98.
$USD went DOWN below 82.0 then rebounded to 83.4, may be going UP to measured move.
MACD BUY Signal. RSI may go above 70% again.
$XEU didn't rebound as expected, but continue to fall below MA(200), may be going DOWN to measured move.
MACD SELL Signal. RSI may go below 30% again.
Gold could not pass previous high and low and MA(50).
Silver fell to $28, may break to new low soon.
Wait MACD SELL Signals.
Next resistances may be tops near $98.
$USD went DOWN below 82.0 then rebounded to 83.4, may be going UP to measured move.
MACD BUY Signal. RSI may go above 70% again.
$XEU didn't rebound as expected, but continue to fall below MA(200), may be going DOWN to measured move.
MACD SELL Signal. RSI may go below 30% again.
Gold could not pass previous high and low and MA(50).
Silver fell to $28, may break to new low soon.
Wait MACD SELL Signals.