Ewj: elliott wave

Questionable Wave 4) Triangles in INDU, SPX, TRAN, NASDAQ and UTIL become obvious :eek: ,
but the Bears may take comfort in the breakdown of UTIL's Triangle ,
which may indicate DOWN side wave three .

 

Elliot Wave sure leaves you hanging sometimes, eh?

The only wave combination I've ever found to be useful is the first higher low - wave 3 or C. Everything else is sideways, more or less, in the real world.

 

Crude Oil Triangle count may be wrong because Wave C = 38.2% is too small :eek: .
Resistances at $103, $ 105 and $108 .

 

$USD and $XEU Wave 3.3:3 confirmed .
Gold and Silver may be going DOWN as expected .
Crude Oil still defies gravity :eek: .

 

INDU, SPX, NASDAQ, TRAN and UTIL triangles breakdown = confirmed Wave C3]3) .

 

AUD/USD Wave III2]C)5.5:3 went DOWN as low as .9970 then rebounded as Wave :4.
Next may be Wave III2]C)5.5:5 DOWN to .995 or .990 .

 

Gold and Silver may be going DOWN as Wave C3] .
"M" patterns confirmed with MACD SELL Signals.
Crude Oil Wave IV)Cd] might have ended, may be going DOWN as Wave IVCe].
$USD and $XEU Wave 3)3.3 continued.

 

$USD may be going UP as Wave 3)3.3 .
MA(50) = support. MA(200) = resistance.
Big Reverse Head and Shoulders pattern is forming.

 

Crude Oil may be in Wave V]IV)D or V]IV)Cb] .
Crude Oil weekly shooting star = the end of UP move ?
Next may be Wave Cc] or E.

 

Gold may be in the beginning Wave IVc]5) or IVc]3) .
Weekly Bearish Engulfing.