Gold
Is just above the important S/H/S neckline at 1,277 and a break below call for a decline towards 1,149 in red wave v and Black wave iii. Once Black wave iii is done near 1,149 we should expect a new mini rally back towards the top of red wave iv near 1,433 and then a final decline in Black wave v to end wave C of the major A-B-C decline from 1,920.
Crude Oil Weekly
Crude oil Hourly
Crude Oil
Wave ii became deeper than expected, but held well above important support at 101.04 and I'm now looking for a break above important short term resistance at 104.37, that will confirm wave iii higher towards at least 106.64 and possibly higher towards 107.70 (the double bottom target).
Short term I would like to see 102.10 protect the downside for the rally above 103.58 and more importantly above 104.37, for an acceleration higher.
EWS- EURNZD -- Weekly AO-- Doesn't look like starting a wave 3 up-- need a cross 0 before a rise? ==more downside first? Daily Is rising-- so maybe B flat in play(IV) with more sidewise actions for a few weeks? (Then a 5 down?) Anyway --inside this correction - IMHO there is a distinct 5 wave B wave (Oct 6-Oct 9) which eliminates a few counts- making others more probable - with weekly Resistance 1.6312- we could also have the start of 5 down. Once scenario - but not sure of a LD with a 5 wave count 4 wave instead of B Oct 6-9??? -- I don't think it's allowed?
ReplyDeletehttp://www.mql5.com/en/charts/882138/eurnzdfxf-h1-forex-com
I hate to keep posting bearish counts/questions-- But I'm looking for the Longer term Bottom/Buy/Hold.
Thanks!!
Hi Jeff M,
DeleteI'm greatfull for your insight. This is a tuff one and I think you Count is as valid as mine. So we will just have to wait a see, what the Market decides to do and what way is tipping.
Kind regards
EWS