Join The Community

Search

Monday, 14 December 2015

WIG20 Daily and Weekly Analysis









General overview for 14/12/2015: 

The Polish WIG 20 index is in a free fall in wave C  that hasn't been completed yet. This wave C
is a part of a corrective cycle ABC in the wave 2 of the higher degree. When the corrective cycle
is completed, the next upward wave progression should develop that will make a new higher high
 above the level of 3000.  The projected level of the wave C termination is 1676 - 1606 area.

Support/Resistance:
1993 - Technical resistance
1732 -Technical Support
1792 - Weekly Pivot
1692 - WS1
1676 - 1606 - Wave C Projected Target Zone

Trading recommendations:
Swingtraders should still keep the long term sell orders opened as the target for wave C
hasn't been completed yet.

★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★
Mój blog www.elliottfxtrader.com bierze udział w konkursie FxCuffs 2016 w kategorii Blog Roku. 
Jeżeli podobają Ci się moje analizy zamieszczane na blogu - zagłosuj na mnie! 
Wystarczy kliknąć w link i znaleźć mnie ma liście.

Dziękuję! 
 PS: Wyłącz AdBlocka!

★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★





Monday, 7 December 2015

USD/JPY H4 Analysis










General overview for 07/12/2015:

The impulsive wave progression in last wave C is not completed yet as there is one more wave
 to the upside needed. The bullish and bearish levels are clearly defined and an upside breakout
is anticipated. When the impulsive structure is completed, then another cycle down will start
as a part of the wave Y brown. Please notice that any violation of the level of 121.46 BEFORE
 any new local high is made means the impulsive wave progression to the upside is invalidated.

Support/Resistance:
125.80 - Swing High
125.29 - WR3
124.49 - WR2
122.91 - WR1
123.78 - Bullish Zone
123.10 - Weekly Pivot
122.51 - WS1
121.72 - WS2
122.68 - Technical Support
121.46 - Invalidation Level
121.15 - WS3

Trading recommendations:
Traders should consider to open buy orders when the trade is confirmed ( breakout above
the level of 123.78) OR should be buying the dips in the yellow range with SL below the level
of 122.22.

★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★
Mój blog www.elliottfxtrader.com bierze udział w konkursie FxCuffs 2016 w kategorii Blog Roku. 
Jeżeli podobają Ci się moje analizy zamieszczane na blogu - zagłosuj na mnie! 
Wystarczy kliknąć w link i znaleźć mnie ma liście.

Dziękuję! 
 PS: Wyłącz AdBlocka!

★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★




Friday, 27 November 2015

USD/TRY H4 Analysis










General overview for 27/11/2015:

Short term perspective: The wave B green of the Zig-Zag corrective cycle is almost completed
 and then short-term immediate down trend should resume. Please notice that the grey rectangle
 is the projected target zone for the wave (c) termination. Any breakout higher would mean more
complex and time consuming correction (ie: Double Zig-Zag, Triple Zig-Zag, Mixed).

Support/Resistnace:
3.1238 - 161%Fibo of Big Wave 1 Green
3.0741 - Swing Top
2.9743 - Technical Resistnace
2.9612 - 61%Fibo
2.9231 - 50%Fibo
2.8150 - Golden Trend Line Dynamic Support
2.7783 - Wave A Bottom
2.6267 - Min. Target Projection

Trading recommendations:
Daytraders should consider to open sell orders from current market levels with SL above the
level of 2.9800 and TP at the level of 2.7784 min.
Swingtraders should still keep open buy orders as there is no trend reversal just yet.

★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★
Mój blog www.elliottfxtrader.com bierze udział w konkursie FxCuffs 2016 w kategorii Blog Roku. 
Jeżeli podobają Ci się moje analizy zamieszczane na blogu - zagłosuj na mnie! 
Wystarczy kliknąć w link i znaleźć mnie ma liście.

Dziękuję! 
 PS: Wyłącz AdBlocka!

★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★



Wednesday, 25 November 2015

USD/PLN Daily Analysis









General overview for 25/11/2015:

The impulsive wave development to the upside looks incomplete and higher prices are expected.
Two scenarios are currently in play:
- scenario one - main count - suggest more upside wave progression as the impulsive structure unfolds with the first projected target at the level of 4.7000. Nevertheless, any breakout below
the level of 3.8368 will invalidate the current impulsive scenario and make alternative labeling
in charge.
- scenario two - alternative count - indicates an incomplete  ABC corrective cycle. Any breakout below the level of 3.8368 will invalidate the current impulsive scenario and make alternative
 labeling in charge.

Support/Resistance:
4.7455 - Last Major Swing High from year 2000
4.0000 - Round Number Support
3.9673 - Wave 1 High
3.8368 - Invalidation Level

Trading recommendations:
Swingtraders that still keep the buy orders open should move the SL to the level of 3.9672 and
 wait for another higher high to come. Please notice the bearish divergence suggest an internal corrective  sub-cycle is coming soon.

★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★
Mój blog www.elliottfxtrader.com bierze udział w konkursie FxCuffs 2016 w kategorii Blog Roku. 
Jeżeli podobają Ci się moje analizy zamieszczane na blogu - zagłosuj na mnie! 
Wystarczy kliknąć w link i znaleźć mnie ma liście.

Dziękuję! 
 PS: Wyłącz AdBlocka!

★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★





Monday, 23 November 2015

SP500 H4 Analysis









General and macro overview for 23/11/2015:

Thursday's  report provided the number of initial jobless claims in the US, which continued to hover near the lowest level in the fourth decades. Initial claims dropped by 5,000 to a seasonally adjusted 271,000 , while market participants expected a number of 272,000. Claims remained below the level of 300,000 for the 37th straight week, the longest stretch in years. Another good US employment data (after the mind blowing NFP figures last Friday) has shown enough signs of resilience to allow the data-dependent Fed's policy makers to seriously consider raising rates for the first time in almost a decade very. According to the Fed Funds futures, a December rate hike is now 72% priced in.

From the technical point of view the current Elliott wave progression looks uncompleted as there is one more wave to the upside missing. The current structure might be an ongoing triangle structure in progress with the low of the wave A to be in place already and now a possible top in wave B is played by the market participants. Nevertheless, any breakout higher above 2110 level would suggest that the main count will unfold ( impulsive wave 5 blue development).

Support/Resistnace:
2131 - WR1
2110 - Wave 1 Top
2067 - Weekly Pivot
2039 - WS1
2000 - Round Number
1971 - WS2
1958 - 1981 - Supply Breakthrough Zone

Trading recommendations:
DAYTRADERS: Short- term sell orders should be in play as long as the level of 2110 is not clearly violated.
SWINGTRADERS:The longer term trend is still bullish so buying the dip down to the level of 1812 is the way to trade this market.


★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★
If You want to directly copy my signals, please use this link only to open ProSTP account in ArgusFX and then join Argonaut social trading platform. 
The details about how to join the social trading platform are here: http://www.elliottfxtrader.com/p/argonaut-social-trading.html
★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★
IF YOU NEED MORE DETAILED ELLIOTT WAVE COUNTS,  SIGNALS  AND EDUCATIONAL MATERIALS, 
THEN JOIN MY VIP SERVICE!
★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★


Thursday, 19 November 2015

DAX H4 Analysis









General overview for 19/11/2015:

There is still much confusion on lower time frames and one of my counts still points out a possible new all time high on this index. Nevertheless, the current wave progression on lower time frame looks like a typical five waves impulsive structure that is almost completed. There is one more push higher needed to terminate the structure, possibly filling the gap between the levels of 11195 - 11275 and corrective cycle lower would be anticipated then.

Support/Resistance:
11195 - 11275 - GAP
11195 - WR3
11095 - WR2
10795 - Weekly Pivot

Trading recommendations:
Sell limit orders should be placed in the gap zone with tight SL and TP at the level of 10500.


★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★
If You want to directly copy my signals, please use this link only to open ProSTP account in ArgusFX and then join Argonaut social trading platform. 
The details about how to join the social trading platform are here: http://www.elliottfxtrader.com/p/argonaut-social-trading.html
★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★
IF YOU NEED MORE DETAILED ELLIOTT WAVE COUNTS,  SIGNALS  AND EDUCATIONAL MATERIALS, 
THEN JOIN MY VIP SERVICE!
★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★


Wednesday, 18 November 2015

EUR/USD H1 Pre-FOMC Analysis









General and macro overview for 18/11/2015: 

The FOMC meeting minutes are scheduled for release at 7:00 pm GMT and are the most expected macroeconomic event for today as they may cast some light on the central bank's intentions in December. The latest statement was far more hawkish than the markets had anticipated and it send quite a clear message about a possible short-term interest rate hike this year in December. Two weeks after, the NFP report beat all expectations, which satisfied Fed policy makers for sure. Today's Fed minutes might reveal how strong the rate hike consensus is among policy makers as the December rate hike has gone from 35% chances before last months statement to 64% chances now.

The EUR/USD pair is still trading inside of the weekly range, however there are some signs that a possible impulsive wave progression to the downside had begun already. The current  counts indicates a possible wave 3 green target projection and then a corrective re-bound towards the level of 1.0833. If this level is violated, it might mean, the wave D black of the triangle had been completed and now wave E black is in progress. If this level is capped then a possible wave 4 green top would be in place and downside trend continuation is anticipated.

Support/Resistance:
1.0588 - 1.0578 - Projected Target Zone for Wave 3 Green (higher cycle)
1.0588 - WS2
1.0630 -  Wave iii Bottom
1.0660 - WS1
1.0743 - Weekly Pivot
1.0751 - Wave iv Top
1.0812 - WR1
1.0833 - Wave 4 Purple Top (lower cycle)

Trading recommendations:
Traders should place buy limit orders at the level of 1.0588 with tight SL and TP open for now ( for longer term traders TP=1.0833).


★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★
If You want to directly copy my signals, please use this link only to open ProSTP account in ArgusFX and then join Argonaut social trading platform. 
The details about how to join the social trading platform are here: http://www.elliottfxtrader.com/p/argonaut-social-trading.html
★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★
IF YOU NEED MORE DETAILED ELLIOTT WAVE COUNTS,  SIGNALS  AND EDUCATIONAL MATERIALS, 
THEN JOIN MY VIP SERVICE!
★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★




Tuesday, 17 November 2015

$DXY US Dollar Index









General overview for 17/11/2015:

The U.S. Dollar still is advancing to higher levels in an extending 1-2, (i)-(ii), 1-2 wave progression to the upside in the last wave up - wave 5.
The expected target for the impulsive wave 3 is around 100.38, where equals 1.618 time the length of the same degree wave 1 and it is just shy of the technical resistance at the level of 100.38. Pleas enotice that the current labeling is showing even more bullish outlook and the target of 100.38 might be easily extended.
Support/Resistance:
100.39 - Techncial Resistance
100.28 - 161%Fibo
99.38 - Technical Support
Trading recommendations:
All buyers should watch the price action around the level of 100.38 as this might be the end of thebig cycle  wave 5, because trend looks mature now.
★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★
If You want to directly copy my signals, please use this link only to open ProSTP account in ArgusFX and then join Argonaut social trading platform. 
The details about how to join the social trading platform are here: http://www.elliottfxtrader.com/p/argonaut-social-trading.html
★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★
IF YOU NEED MORE DETAILED ELLIOTT WAVE COUNTS,  SIGNALS  AND EDUCATIONAL MATERIALS, 
THEN JOIN MY VIP SERVICE!
★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★







Tuesday, 10 November 2015

GBP/USD H4









General overview for 10/11/2015:

Despite the recent bearish breakout to the downside the current wave development might still evolve into more complex wave 2 green structure in shape of a Running Flat correction. Please notice that any breakout higher above the golden trend line will change the view temporary and breakout above the demand breakthrough zone will change the view permanently and invalidate the green impulsive count.

Support/Resistnace:
1.5512 - 1.5480 - Demand Breakthrough Zone
1.5285 - WR1
1.5155 - Weekly Pivot

Trading recommendations:
Due to the recent fundamental and technical developments selling the rally's up seems to be the best way to trade this market until proven otherwise.


★★★★★★★★★★★★★★★★★★★★
IF YOU WANT TO DOWNLOAD THE FREE MT4 INDICATOR THAT SHOWS THE POSITIONS OF THE OTHER TRADERS FROM AROUND THE WORLD (AS USED IN MY CHART) PLEASE CLICK HERE:
★★★★★★★★★★★★★★★★★★★★
IF YOU NEED MORE DETAILED ELLIOTT WAVE COUNTS, 
SIGNALS 
AND
EDUCATIONAL MATERIALS, 
THEN JOIN MY VIP SERVICE!
★★★★★★★★★★★★★★★★★★★★









Thursday, 29 October 2015

EUR/USD H1 Analysis









General overview for 29/10/2015: 
H4 and H1 time frame:
Please notice that current downward wave progression might be missing wave v blue to complete the cycle, but any breakout higher above the level of 1.1000 would partially decrease the probability of the last push down and increase the probability of corrective re-bound to the upside. The first target is the level of 1.1096. Bullish divergence on H1 time frame supports the view.

Support/Resistnace:
1.0895 - Local Low
1.0995 - Intraday Resistnace
1.1096 - Wave 4 High

Trading recommendations:
Yesterday the members of VIP SERVICE have closed the set of SELL NET orders with +904 pips of profit. Currently we are waiting to see if the market will behave according to wave scenarios and then we will trade accordingly.



★★★★★★★★★★★★★★★★★★★★
IF YOU WANT TO DOWNLOAD THE FREE MT4 INDICATOR THAT SHOWS THE POSITIONS OF THE OTHER TRADERS FROM AROUND THE WORLD (AS USED IN MY CHART) PLEASE CLICK HERE:
★★★★★★★★★★★★★★★★★★★★
IF YOU NEED MORE DETAILED ELLIOTT WAVE COUNTS, 
SIGNALS 
AND
EDUCATIONAL MATERIALS, 
THEN JOIN MY VIP SERVICE!
★★★★★★★★★★★★★★★★★★★★

Thursday, 15 October 2015

GBP/USD H4 and Daily









General overview for 15/10/2015:
The recent Elliott wave development on daily and H4 time frame might suggest a more decisive and imminent bearish reversal is coming soon as the 1-2, 1-2 wave pattern is clearly visible on this two time frame charts. As long as the level of 1.5657 is not violated the odds for playing the downside are high, although there might be a one more marginal high made into the area of 1.5550 - 1.5570 and then reversal should happen. Any violation of the level of 1.5657 invalidates the bearish impulsive outlook.

Support/Resistnace:
1.5817 - Swing High
1.5657 - Green Impulsive Count Invalidation Zone
1.5550 - 1.5570 - Potential Reversal Zone
1.5532 - WR2
1.5441 - WR1
1.5286 - Weekly Pivot
1.5191 - WS1

Trading recommendations:
Sell orders for swingtraders should be considered from current price levels with SL above the level of 1.5657 and TP open for now.





★★★★★★★★★★★★★★★★★★★★
IF YOU WANT TO DOWNLOAD THE FREE MT4 INDICATOR THAT SHOWS THE POSITIONS OF THE OTHER TRADERS FROM AROUND THE WORLD (AS USED IN MY CHART) PLEASE CLICK HERE:
★★★★★★★★★★★★★★★★★★★★
IF YOU NEED MORE DETAILED ELLIOTT WAVE COUNTS, 
SIGNALS 
AND
EDUCATIONAL MATERIALS, 
THEN JOIN MY VIP SERVICE!
★★★★★★★★★★★★★★★★★★★★

Wednesday, 7 October 2015

USD/RUR Daily









General overview for 07/10/2015:

The impulsive wave progression to the upside hasn't been completed yet as there is one more wave missing. The current structure looks like a Zig-Zag pattern in wave 4, which is a valid corrective pattern for this wave. However, the current corrective pattern might evolve into more complex and time consuming one, for example a triangle. Only a clear violation of the level of 56.565 will invalidate this count.

Support/Resistnace:
60 - 60.90 - Potential Reversal Zone

Trading recommendations:
Swingtraders should consider to open buy orders from PRZ between the levels of 60.00 - 60.90.

★★★★★★★★★★★★★★★★★★★★
IF YOU WANT TO DOWNLOAD THE FREE MT4 INDICATOR THAT SHOWS THE POSITIONS OF THE OTHER TRADERS FROM AROUND THE WORLD (AS USED IN MY CHART) PLEASE CLICK HERE:
★★★★★★★★★★★★★★★★★★★★
IF YOU NEED MORE DETAILED ELLIOTT WAVE COUNTS, 
SIGNALS 
AND
EDUCATIONAL MATERIALS, 
THEN JOIN MY VIP SERVICE!
★★★★★★★★★★★★★★★★★★★★


Friday, 2 October 2015

USD/JPY H4


General overview for 02/10/2015:
 The big triangle labeled as wave 4 purple might be completed (h4 chart), but on lower time frames the recent decline ) does not look too much impulsively to me yet, so it the triangle might last a little big longer. The alternative count indicates that wave 4 purple is acctualy that small, you can not see it here and the whole impulsive structure had been completed already.

Support/Resistnace:
121.26 - Wave e Top | Invalidation Level|
121.22 - 50 SMA
121.44 - 100 SMA
120.36 - Weekly Pivot
119.49 - WS1

Trading recommendations:
Stop loss orders for sell positions should be placed above the level of 121.26.
★★★★★★★★★★★★★★★★★★★★
IF YOU WANT TO DOWNLOAD THE FREE MT4 INDICATOR THAT SHOWS THE POSITIONS OF THE OTHER TRADERS FROM AROUND THE WORLD (AS USED IN MY CHART) PLEASE CLICK HERE:
★★★★★★★★★★★★★★★★★★★★
IF YOU NEED MORE DETAILED ELLIOTT WAVE COUNTS, 
SIGNALS 
AND
EDUCATIONAL MATERIALS, 
THEN JOIN MY VIP SERVICE!
★★★★★★★★★★★★★★★★★★★★





Monday, 21 September 2015

DAX H4









General overview for 21/09/2015:

The impulsive wave progression to the downside still hasn't completed yet as the market is currently making another leg down for wave (iii) purple. The target is below the wave iii low at the level of 9310, with first target projection at the level of 9145. Please notice that any breakout above the 10527 level is bullish and any breakout above the invalidation line at the level 11050 invalidates the impulsive wave progression to the downside.

Support/Resistance:
9145 - WS3
9310 - Local Low
9523 - WS2
9666 - WS1
10000 - Weekly Pivot
10148 - WR1
10480 - WR2
10527 - Technical Resistance
10668 - WR3
11050 - Invalidation Level

Trading recommendations:
There is still at least one more wave to the downside missing so sell orders are advised with SL above the 10530 level.

★★★★★★★★★★★★★★★★★★★★
IF YOU WANT TO DOWNLOAD THE FREE MT4 INDICATOR THAT SHOWS THE POSITIONS OF THE OTHER TRADERS FROM AROUND THE WORLD (AS USED IN MY CHART) PLEASE CLICK HERE:
★★★★★★★★★★★★★★★★★★★★
IF YOU NEED MORE DETAILED ELLIOTT WAVE COUNTS, 
SIGNALS 
AND
EDUCATIONAL MATERIALS, 
THEN JOIN MY VIP SERVICE!
★★★★★★★★★★★★★★★★★★★★

 
Don't Forget To Join US Our Community
×
Widget