Very quick one on possible scenarios for AUD.
AS in classical EW that applies well to declines 1-2-3 might already in place where big 3 might not yet reached in the bigger scale.
If so, we might see the bounce coming soon but the biggest move is still ahead.
Monthly Archives: January 2014
28/01/14 view (XJO, XMM, XFJ)
XJO on ducking into the new depth
RIO continues the decline
6 months
12 months
Banks broke down the major support
CBA 6 months
12 months
24/01/2014 view (Sentiment, RUT, S&P200, ANZ, RIO)
Fear perfectly ripe to take a deep dive
NYSI dynamics finally reached it’s heights to start the reversal
If I took this one into account earlier, I’d be able to gain some extra with better timing
Russel screams for correction on all charts beyond any reasonable sense for the same growth pace
Though if its real trend reversal it will take months to play out through intense congestion
ASX S&P200 made a rising wedge break
In days the diamond resolves as it should so far. I noticed a very similar formation on XJO back in June-Aug 2013 but those times the trend continued.
This time the aggressive sell channel did not sustain but the moderate one is well confirmed
MA9 MA13 crosses MA20 and indicates the uptrend reversal with the lower bollinger band swaying away, ready to accommodate the emerging down trend.
I reckon we should see MA200 retest very soon.
In the weeks view the up trend is not changed yet
Keeping close eye on banks ready to buy shorts but its is not confirmed yet where HS support still not broken
RIO is nearly resumed the downtrend but the hours triangle is not broken yet.
21/01/14 view – WTIC and shares
Crude oil (ZCL warrants)
WTIC days
WTIC weeks
WTIC months
Another boatloads of charts while XJO is in flat teritory.
Few of shares ready for trading
RIO Tinto points downwards
BHP hits long term resistance
CBA at its uptrend support
Medusa at resistance (gold did not draw any bounce out of the downtrend)
OGC looks like a bear trap with no volume at the breack out
Macquarie at its uptrend support
SLR mixed feelings but looks very bullish
S&P 200 view
Draws very similar scenario, curious if it play out the same this time.
Diamond pattern in place
Chinese GDP release on Monday might become the breakout mover.
SPX all time high using Fibo?
->1863
Days
Weeks
Months
WTIC view
If WTIC breaks $90 support, Sochi games will set very sour aftertaste to Russia
14/01/2014 View (XJO, MQG)
Day of the massive 5290 breakout
Days – bear in progress
Weeks – bear just started
Months – bear setup
and Macquarie Bank finally dives below 6months trend-line
11/01/2014 view (ASX:S&P200, AUD, Gold bugs)
Another boatload of charts.
S&P200 Still in congestion spread around MA50 and locked in the falling wedge.
Break with retest above 5305 will launch trend reversal aiming to retest 5457. Opposite break points to 5123 MA(200 and the last selloff resistance.
BHP testing the bottom
Weekly XJO view sits at BB middle with negative RSI divergence not resolved yet.
Weekly $NYSI points to more upside whereas sharp $TNX decline may favor the shares rally to continue.
The same Treasure notes dive pushed AUD higher as expected.
Sentiment is not at its peak yet.
Gold shapes IHS but the break out is no yet confirmed.
MML, NCM, SLR testing resistance
