Quick Note from Sid: I’ve updated the content of my “Early Detection of Trend Changes Utilizing a Combination of Elliott Wave, MACD & Japanese Candlesticks” webinar class
Quick Note from Sid: I’ve updated the content of my “Early Detection of Trend Changes Utilizing a Combination of Elliott Wave, MACD & Japanese Candlesticks” webinar class. Hi everyone. I hope your trading week went well. I’ve just added some substantial additional content to my weekend webinar/class: “Early Detection of Trend Changes Utilizing a Combination […]
Elliott Wave Analysis of the EUR/USD Currency Pair by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the EUR/USD Currency Pair by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. I’m now calling the above my preferred count for the Euro. We’re probably just a day or two away from the MACD divergence I’ve been looking for on this 180 minute chart. Just beware that the […]
Elliott Wave Analysis DJIA Dow Jones Industrial Average – update of the uber-bearish count by Sid from ElliottWavePredictions.com
Elliott Wave Analysis DJIA Dow Jones Industrial Average – update of the uber-bearish count by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. The wave structure since the May 2 high continues to present bearish, and as the downward movement from that high evolves, I plan to gradually use longer term candles to […]
Elliott Wave Analysis of the Russell 2000 Index by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the Russell 2000 Index by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. Here is a daily chart of the Russell 2000 index, showing that yesterday’s session broke and closed below two major trend lines, one connecting the extremes of wave 2 & 4 blue, and the other connecting […]
The top is likely in on the Euro, and therefore a bottom in the US Dollar. Huge ramifications . .
I was in a hurry to get this posted, so the orange line connecting the extremes of wave 1 & 3 orange is in the wrong place, but you get the idea. It really does look like a major turn has just occurred in the dollar, and therefore the commodities . .
Elliott Wave Analysis – Russell 2000 Index – Daily Candles. A lesson on how the MACD can assist in developing wave counts . .
Here’s my detailed Elliott Wave count of the Russell 2000 index since the July 6, 2010 low. Notice how the MACD assists in developing the wave counts by pinpointing the wave 3’s along the way. Also notice that each instance of “divergence” between price and the MACD line was immediately followed by a correction. Divergence […]
EUR/USD – March 2, 2011 – Daily Candles. The bullish pink (minute) wave 3 finally gets going . .
The EUR/USD currency pair finally got legs today, and broke through a key resistance line at 1.38631 (ask). This is the behavior I’ve been looking for to confirm my long term Elliott Wave count (see http://elliottwavepre.wpengine.com/?p=260). The Euro should not only continue to the upside as I had predicted, it may “prop up” the US stock […]
EUR/USD – February 5, 2011 – weekly candles. Here’s my preferred “big picture” count on the Euro: Leading Diagonal . .
This is my preferred longer term count for the Euro: a bearish leading diagonal for Primary (burgandy) wave 1. Each wave of the diagonal appears to be a zigzas, so, inside intermediate (black) wave 5 down, I believe we’ve seen Minor (blue) waves A and B complete. All thats left is five Minute (pink) waves down for Minor wave C (blue), eventually reaching the […]
