"All human activities have three distinctive features: pattern, time and ratio - all of which observe the Fibonacci Summation Series" (R.N. Elliott - "Nature's Law - the Secret of the Universe" - 1946)
Saturday, February 23, 2013
Elliott Wave Analysis of DAX, GOLD, CRUDE OIL
The Long-term Elliott Wave count (on weekly basis) considers, as preferred count, an imminent top of Cycle wave D, then a downward wave E that completes a Triangle wave [IV] of SuperCycle degree.
Preferred count: correction in minor wave x then final upward wave z ending intermediate wave (y) , primary wave [Y] and Cycle wave D by the second quarter 2013.
Alternate count: Wave E is finished in June 2012, now we are in a leading diagonal pattern which completes 1°Alt:(1) of the new bull market.
New Long-term Elliott Wave count:
we are in Primary wave [C] of Cycle wave IV of SuperCycle wave [V] .
The previous count is invalidated; my new main short-term scenario requires that GOLD is completing the intermediate wave (w) of primary wave [C] , then the pullback of wave (x) .
The Long-term scenario is confirmed.
Preferred count: OIL is in downward intermediate wave (c) of primary [C] of Cycle wave A
Alternate count: OIL is in the mid stage of Alt:IIof Cycle degree; Alt:[X] is near a completion, then upward move in wave Alt:[Y]
Preferred scenario: bearish count; wave iii of 3 is started
Alternate scenario: final wave Alt:(e) of triangle wave Alt:[Y] , then the uptrend resumes.