Color Scheme of the Charts to Differentiate the Various Wave Degrees is:
{ Supercycle / Cycle / Primary / Intermediate / Minor }
{By clicking on any chart, it will enlarge for ease of viewing. Commentary at the top of each chart is more easily read, also.}
Showing posts with label Elliott ZZ. Show all posts
Showing posts with label Elliott ZZ. Show all posts

Thursday, January 30, 2014

NASDAQ 100 Prepares for Final Ascent Before Crash

After the Intermediate (pink) degree Flat completes, marking the completion of Cycle degree wave IV, the Nasdaq 100 will begin its final wave up as Cycle degree wave V.  This final wave up should last approximately 2 months since Cycle wave I lasted 2 months.  It could be an April Fools Crash!

Wednesday, September 25, 2013

Nasdaq 100 "Peak" declaration still holds as valid!

Price action off peak is called impulsive but looks suspiciously corrective.  We will trust RET for now.  First 2 charts are picture perfect!  These type set ups don't come along very often!

Sunday, September 8, 2013

USDJPY Wave C of ZZ Trade

Highest probable price target was chosen as profit target (highest peak on the Y axis histogram) and Stop order place just beyond the extreme of the ZZ pattern origin, which is where this pattern gets invalidated.