Ewj: elliott wave

My experience tells me that just like any other TA method or technical pattern, Elliott Wave theory doesn't work all the time. But at the times when the chart shows a clear Elliott Wave pattern, it's time to use it

 

Divergences between Indices and RSI.
Divergence between INDU and TRAN.
Whatever the count, 1-2-3 or a-b-c, this last wave should come to an end soon .

 

MACD SELL Signals in Gold, Silver and $XEU. $XEU MA(50) = support.
MACD BUY Signal in $USD, but MA(50) = resistance.
Crude Oil is forming an Ending Diagonal.
Gold and Silver may form reverse Head and Shoulders patterns.

 

Crude Oil Wave V]IV)C might have ended.
And we are in Wave V]V)I1]3) which may go to measured move target at $122 or reverse Head and Shoulders pattern target at $118.

 

So MA(50) won, $USD fell from resistance, $XEU rose from support.
MACD is late sign, sometime BUY signal = top, SELL signal = bottom.
Measured Moved targets: 76.7 and 137 near the MA(200)s.
"W" and "M" targets: 82.5 and 126.
Gold's and Silver's reverse Head and Shoulders patterns confirmed.
Gold and Silver Nov highs = Bear Last Hope for a bear count, the "W" patterns will take Gold and Silver back to $2000 and $50 again.

 

we are in the 3rd wave
spy weekly

target is the moon

 

INDU RSI's third SELL Signals.
Wave four may begin soon.

 

$USD's and $XEU's Head and Shoulders and reverse Head and Shoulders patterns confirmed, may be going to targets.
Gold's and Silver's fifth subwaves may be false breaks.
Crude Oil's MACD may show divergence.

 

So it was really a false break for Gold and Silver.
The question is "a correction or a change of trend"?
It was a also a false break for $USD and $XEU.
"W" in $USD with MACD BUY Signal.
"M" patterns in $XEU, Gold and Crude Oil with RSI and MACD SELL Signals.
Reverse Head and Shoulders patterns ended with equal arms.

 

Fourth RSI SELL Signals in INDU, SPX and NASDAQ.
Looks like Markets waiting for a crash.