Tag Archives: Elliot Wave

Australia 200 – Further to go

Since June last year, we’ve become used to a pattern of relatively shallow corrections in the Australia 200. It’s been just over a year since we’ve seen a red candle as big as this week’s. The last was the week of 13 May 2012. Looking at the … Continue reading

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GBP:JPY – on the sell watch list

The 4 hour chart looks to me like something with potential to develop into a sell set up for swing traders

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Selling EUR: AUD

Euro: Aussie is parked at a Fibonacci cluster zone. Failure at this level, with a weak close by today’s candle, could be a sell set up.

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German 30 looks a head and shoulder prospect

The long term Dax chart looks to be one of those situations where a steep trend has been broken with the prospect of a move down to support at a longer term more conservatively angled trend line. Against that background, the daily chart is forming a … Continue reading

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Australia 200 – Outlook update and potential turning points.

In the last 2 Weekly Outlook blogs, I’ve discussed the possibility that the index is in the first downward leg of a significant correction. Today, the index has taken out the March low. This has thrown up some Fibonacci projections that might … Continue reading

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AUD: USD – Triangle

The Aussie Dollar 4 hour chart has formed a symmetrical triangle. This looks to me like a situation that could create 2 or three different opportunities for swing traders depending on how price breaks

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S&P 500 – positioned for a significant correction

The US SPX 500 CFD has every chance of confirming a trend peak at a significant Fibonacci cluster today. This comes at what could be the end of a 5 swing advance, setting up for a correction of the whole rally from the … Continue reading

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The Big Picture – Termination patterns in US 30 and Yen pairs

Guest Post by DV 34 As world markets nervously consider the implications of the Italian election result, DV 34’s post on the potential for big picture reversal patterns may be a timely read. DV has also generously shared some of his recent experiences … Continue reading

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GBP: USD – Buy Set Up.

The Bollinger Band reversal setup I posted on Wednesday has been triggered. Here are some thoughts on stop loss management and profit objectives for readers interested in following this trade.

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GBP: USD – Bollinger Band Setup

Here’s a possible buy set up on the 4 hour chart

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