Elliott Wave Analysis of Feeder Cattle - Testing strong resistance near 365

 

Testing strong resistance near 365

It has been a while since I looked at Feeder Cattle and what a ride it has been since the 2020 low at 103.95. 

Currently Feeder Cattle is testing strong resistance near 365 and a long-term top could be close at hand. We can count a nice 5 wave rally from the 1976 low at 36.55. The rally from the low to the top is 1000% an close to a 50 year rally. 

I don't have data going back longer than April 1976, so it's of cause possible that we have seen lower levels in 1975, but approximately is fine by when we are talking 50 year trends. 

Short term a break below 353 will indicate a long-term top being in place, while a break below 337 will confirm that top a call for a corrective decline towards at least 203 and possibly closer to 164 in the years to come.  

Elliott Wave Analysis of Crude Oil - Has wave 2 completed or is more downside to 42 needed first?

 Has wave 2 completed or is more downside to 42 needed first?

I think the chances for wave 2 being complete at 55.12 or may need one more decline closer to 42.00 is 50/50.

The minimum corrective decline to the 38.2% correction of wave 1 has been fulfilled, but a deeper decline to the 50% corrective target at 42.00 is absolutely still a possibility, but once this decline is complete a new strong rally towards the former peaks at 130 and 147 should be expected and ultimately a break above 147 is in the cards. 

That said, it's to early to go all-in as wave 2 could dip closer to 42.00 before completing. Only a direct break above resistance at 78.40 will confirm wave 2 already being complete and wave 3 higher to 130 being in motion.  

Elliott Wave Analysis of GBP/USD - Preferred Long-Term View

 

Elliott  Wave Analysis of GBP/USD - Preferred Long-Term View  

I last updated my preferred long term count/view back in January 25, 2021 and was looking for a rally in wave C towards long-term resistance in the 2,0000 - 2,1200 area.

Well it turned out that wave 4 of the ending diagonal in wave C/ of B became more complex than I expected then and a final dip lower to 1.0354 was needed to complete wave 5 of C of B. 

With wave B complete I am looking for wave C to take us all the way higher to the 2,0000 - 2,12000 area. 

The next solid resistance to look for is seen near 1,4234. We should expect this resistance to cap the ongoing rally for a period of consolidation before the next major rally higher towards 1,7100 and ultimately higher into the 2,0000 - 2,1200 area. 

Elliott Wave Analysis on Gold - Wave iv of 5 could be close to completion

  Wave iv of 5 could be close to completion

In my February 11, 2025 post (You can see that post by clicking here) led for a rally towards 3,100 as the possible to for wave 5. Well we saw gold spike right through resistance towards a peak at 3,500 and since then gold has traded sideways in a wave iv triangle formation. 

This triangle formation could be close to completion for the next spike higher towards 3,674 and maybe even higher, but be aware that triangles is a warning that the next move in the direction of the underlying trend will be the final and a larger correction will follow. 

That said, for now we should look for signs that wave iv of 5 has completed and a break above minor resistance at 3,409 will be a strong indication that wave v of 5 is unfolding. 

In the unlikely event a break below support at 3,321 is seen, the triangle will drag out in time and a more prolonged triangle is unfolding, but ultimately one more rally higher should be expected.  

Is Livermore's "Accumulation Cylinder" in play for Bitcoin?

 

Is Livermore's "Accumulation Cylinder" in play for Bitcoin?

It looks like Livermor's Accumulation Cylinder is in play for Bitcoin/USD. If this is correct, then the first major impact is, that Bitcoin/USD likely has peaked for now and a decline to 67,500 and maybe even as low as 37,700 should be expected in the coming years. 

As bad as that may sound for the Bulls the future implication for Bitcoin/USD is super bullish as once point 7 in Livermore's Accumulation Cylinder is complete a major rally to at least USD 300,000 should be expected. 

That said it will take a break below support at 98,240 to confirm that a top is in place and a major correction towards 67,500 unfolding.