Reverse Head and Shoulders patterns in $USD and VIX with MACD BUY Signals. May continue to go UP . $XEU Head and Shoulders pattern and MACD SELL Signal, may continue to go DOWN . Gold and Silver "M" and Ascendig Wedge, MACD flatten, may get MACD SELL Signal soon . Crude Oil Bullish Trendline, RSI divergence?, a break below trendline may give RSI and MACD SELL signals .
Commodity and forex. 1 minute chart "Big M" pattern confirmed . But the markets went higher . More "Big M" patterns on the way .
Hello, friend. I've looked over your past few pages and I've seen charts with highlighted price patterns, trend lines, and momentum divergence. Got any wave counts?
AUD/USD has the most bullish Elliott Wave count. Cycle Wave I from Nov 2009 to Apr 2011. Cycle Wave II from Apr 2011 to Sep 2011. Primary Wave III1] from Oct 4, 2011 to Oct 27, 2011. Intermediate Wave III2]a) from Oct 27, 2011 to Nov 3, 2011. Intermediate Wave III2]b) from Nov 3, 2011 to Nov 3, 2011. Minor Wave III2]c)1-2-3-4 from Nov 3, 2011 to Nov 11, 2011. Minor Wave III2]c)5 may end next week . Primary Wave III3] may begin next week , or may have begun last week .
SPX from Mar 2009 looks more like 3 waves UP, 5 waves DOWN and 3 waves UP, V]IV)C2]a)-b)-c), V]IV)C3]1)1-2-3-4-5, V]IV)C3]2)a-b-c than 5 waves UP with wave 5 failure, 3 waves DOWN and 5 waves UP, I1]-2]-3]-4]-5] failure, II2]a)-b)-c), III1]1)-2)-3)-4)-5) in the making. If SPX has a new high, the latter count may be a better one .
Friday's UP moves in the indices might have made Bears nervous, because something like triangles are forming, which indicates wave 4 . When the indices make new highs, Bears may go panic :eek:.
Crude Oil's, Gold's and Silver's second fifth waves are at measured move. The larger waves may be one-two-three or a-b-c . Higher highs favor one-two-three, lower lows favor a-b-c. $USD and $XEU both show 1-2-3-4-5-a-b-c-1-2-.1-.2 albeit opposite direction.
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