DJIA
The corrective bull market is still in progress; according to the preferred scenario, the v wave of minor wave a is close to completion (for long-term scenario, see weekly chart on March 09, 2013 post, or US Index Long-term view page)
Preferred count: getting closer to the top of Cycle degree D ; DAX is in minute wave x of minor wave z ending the intermediate wave (y) of primary wave [Y] .
Alternate count: the new bull market is already started, we are in the final stage of leading diagonal Alt:(1) (for long-term scenario, see weekly chart on March 09, 2013 post)
The fear for Cyprus's bailout and the achievement of the long-term up-trendline seems to have stopped the descent; perhaps GOLD have reached the bottom of intermediate (w) and a corrective upward move is starting.
OIL remain in a controversial scenario (very difficult to trade...)
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German DAX
Preferred count: getting closer to the top of Cycle degree D ; DAX is in minute wave x of minor wave z ending the intermediate wave (y) of primary wave [Y] .
Alternate count: the new bull market is already started, we are in the final stage of leading diagonal Alt:(1) (for long-term scenario, see weekly chart on March 09, 2013 post)
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GOLD
The fear for Cyprus's bailout and the achievement of the long-term up-trendline seems to have stopped the descent; perhaps GOLD have reached the bottom of intermediate (w) and a corrective upward move is starting.
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CRUDE OIL
OIL remain in a controversial scenario (very difficult to trade...)
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In the FOREX page you could see the long-term scenario on weekly charts,
previous short-term outlook on daily charts, and the previous counts on 4 hours charts.
EUR/USD
I've updated the preferred count; wave w of b/x wave of minor degree seems to be ended, so a rebound could start.
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EUR/GBP
The alternate count prevails; the top is minor wave 3 and the down move is the
first wave w of wave 4 .
The new alternate scenario; wave Alt:c is ended and so also intermediate wave Alt:(w).
The alternate count prevails; the top is minor wave 3 and the down move is the
first wave w of wave 4 .
The new alternate scenario; wave Alt:c is ended and so also intermediate wave Alt:(w).
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EUR/JPY
The preferred scenario remain bullish; we could be in the wave 2 of wave 5 of minor degree.
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AUD/USD
The preferred scenario (very bullish) was correct: this market has moved upward in wave [v] of 1 of 1 of (1)
Alternate scenario; the intermediate triangle pattern is still underway.
(chart of two weeks ago, still valid...)
(new chart updated....)
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GBP/USD
Preferred scenario is confired; wave 4 of minute degree is ending with the completion of [c] wave of a zig-zag pattern, so the downward move will continue.
(chart of two weeks ago, still valid...)
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USD/JPY
From last post; the intermediate wave (3) is not ended, the target is between 98.8 - 99.86, where the minor wave 5 may be completed, and and this could happen as early as next week.
Preferred scenario; we could be in the wave 2 of wave 5 of minor degree of intermediate wave (3) .
Alternate scenario (neutral/bearish); the wave 5 is already finished and so still the intermediate wave (3) ; now we are in the wave a/w of w. (4)
Preferred scenario; we could be in the wave 2 of wave 5 of minor degree of intermediate wave (3) .
Alternate scenario (neutral/bearish); the wave 5 is already finished and so still the intermediate wave (3) ; now we are in the wave a/w of w. (4)
Have a great weekend ;-)
ElwaveSurfer
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