My E-wave count on gold index. But unsure if the latest wave-5 is ending or not; or the latest 5 waves are just a sub-wave of wave-1
The indices are breaking over multiple resistances . We may be in Wave 3] now . The volume is decreasing :eek: . If the indices fail to clear resistance trend line and DMAs (50 for SPX, 200 for INDU), they may fall .
Indices stall at resistance moving averages, trendlines or levels :eek: . Expect a Hangman, Doji, Evening Star, or Dark cloud Cover today .
TRAN and UTIL are also at resistance level . SPX, INDU and NASDAQ form Doji at resistances levels . Will these turn into Evening Doji Star .
Hi All, Just joined the forum recently and thought I would share with you some of my Elliott Wave analysis of the markets. I mainly look at the FTSE and the Dow Jones. Here are afew charts: FTSE 100 http://i38.photobucket.com/albums/e102/Andronichuk/Elliot Waves/1-6.jpg I bought the FTSE at 4885 after the neckline break of the "upside down head & shoulders" pattern. Dow Jones http://i38.photobucket.com/albums/e102/Andronichuk/Elliot Waves/1a-6.jpg Missed the buy on this one but looking to sell it very soon. If anyone is interested, I run a free (100%, no catch) newsletter. If you wish, feel free to subscribe for my elliott reports (about 3 times a week) and get links to my weekend review videos. http://lpuk.us1.list-manage.com/subscribe?u=6f430c08c7c541285612f19e5&id=8cc00d590f Let me know what you think of my analysis, regards, Max Andronichuk
Oops!!!! :eek: SPX-25, INDU-200, NASDAQ-55 . Confirmation of the Hangman and the failed Evening Doji Star . Or Mr.Market may play tricks again .
Small "m" followed by big "M", target SPX 1040 again . There may be also "sHs" pattern, target SPX 1020 .