DAX Elliott Wave Forecast 1.5.2017

$DAX 6020170104212835

The rally in DAX from 11/9/2016 is unfolding as a triple three where wave (W) ended at 10798, wave (X) ended at 10400, wave (Y) ended at 11487, and second wave (X) ended at 11403. With a break above wave (Y) at 11487, DAX is showing 9 swings up from 11/9/2016 low, which favors more upside. Up from 11403, wave ((w)) ended at 11649.5, and wave ((x)) pullback is in progress in 7 swing to correct cycle from 12/30 (11403) low before Index turns higher again. Potential target for wave ((x)) pullback … [Read more...]

DAX Elliott Wave Forecast 1.4.2017

$DAX 6020170104212835

The rally in DAX from 11/9/2016 is unfolding as a triple three where wave (W) ended at 10798, wave (X) ended at 10400, wave (Y) ended at 11487, and second wave (X) ended at 11403. With a break above wave (Y) at 11487, DAX is showing 9 swings up from 11/9/2016 low, which favors more upside. Up from 11403, wave ((w)) ended at 11649.5, and wave ((x)) pullback is in progress in 7 swing to correct cycle from 12/30 (11403) low before Index turns higher again. Potential target for wave ((x)) pullback … [Read more...]

DAX Elliott Wave Forecast 1.3.2017

$DAX 6020170102214152

DAX has continued to make a new high at the start of the 2017. The Index is currently showing a 5 swing sequence from 12/12 low, which favors more upside. The rally from 12/12 low (11141) is now unfolding as a double three where wave (w) ended at 11483 and wave (x) ended at 11403. Internal structure of wave (y) is unfolding as a double three structure where wave w ended at 11622.5 and wave x pullback is in progress to correct from 12/30 low (11403) before DAX resumes rally higher again. We don't … [Read more...]

CL_F Elliott Wave Forecast 12.30.2016

2CL 6020161229213653

CL_F (Oil) is showing an incomplete 5 swing sequence from 2/8 low ($26.02), favoring for more upside. The latest rally up from 11/14 low ($42.2) is proposed to be unfolding as a triple three where wave W ended at $49.2, wave X ended at $44.82, wave Y ended at $54.51, and second wave X ended at $49.97. The internal structure of wave Z is unfolding as a double three structure where wave (w) of Z ended at  $53.79 and wave (x) of Z has ended at $52.08. Near term, the rally from wave (x) low ended at … [Read more...]

CL_F Elliott Wave Forecast 12.29.2016

2CL 6020161228214624

CL_F (Oil) is showing an incomplete 5 swing sequence from 2/8 low ($26.02), favoring for more upside. The latest rally up from 11/14 low ($42.2) is proposed to be unfolding as a triple three where wave W ended at $49.2, wave X ended at $44.82, wave Y ended at $54.51, and second wave X ended at $49.97. The internal structure of wave Z is unfolding as a double three structure where wave (w) of Z ended at  $53.79 and wave (x) of Z has ended at $52.08. Near term, the rally from wave (x) low ended at … [Read more...]

Bitcoin Performance in 2016

BTCUSD

Another year is almost over. What an interesting year it has been. Two major and rather unexpected geopolitical developments: Brexit and the election of Donald Trump, are not able to halt the march of the world indices. The American Indices in particular manage to rally to all-time high. With only a few trading days left in 2016, let's take a look at the return of  major asset classes. At the top of the list is Bitcoin providing 110% return as of Dec 27. Interestingly, a good portion of … [Read more...]