"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)


Monday, January 1, 2018

ELLIOTT WAVE ANALYSIS OF STOCK MARKET INDEXES: OUTLOOK 2018


I finished my three-year term (2014-2017) 
as CFO of an important Municipality;
I returned to the same job so this blog will still be open !

ElwaveSurfer

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2018 could be a two-sided year; 
after an initial correction (January-February), 
new bullish wave (from February / March to May /June), 
then correction (- 15/20% from the next top)

The scenarios are the same since 2 years (see 01.02.2016 post in www.ChartPatternsTrader.blogspot.it )

Wave degree: minor , (intermediate) , [Primary] , Cycle , [SuperCycle]

USA

DJIA
SPX

Preferred Scenario :

Short term Trend : Topping in wave 3 then bearish wave 4 of (5) 
Medium term Trend: bullish wave 5 then topping wave (5) of [3]
Long term Trend: bullish to Cycle Top wave I



GERMAN 
DAX

Preferred scenario:
Short term Trend: bearish wave  4 of (1) 
Medium term Trend: bullish topping wave 5 then bearish wave (2) 
Long term trend: bullish , wave [3] of I



CHINA
Hang Seng

Preferred scenario:

Short term Trend: bearish wave 4 of (3)
Medium term Trend: bullish in topping 
wave 5 of (3) then bearish  in wave (4) 
Long term trend: bullish [1] di V



Shanghai Composite
 (Preferred bullish, 1° Alternate bearish)



INDIA
Sensex

Preferred scenario:
Short term trend: unclear 
Medium term Trend: bullish 3 of (5) of [3]
Long term Trend: bullish [3] of III




 BRAZIL
Bovespa

Preferred scenario:
Short term Trend: bearish wave c of (2) 
Medium term Trend: bullish wave  (3) of [3]
Long term Trend: bullish [3] of V



KOREA
Kospi

Preferred scenario:
Short term trend: bearish wave [iv] of 1 
Medium term Trend: bullish wave 1 of (3) of [3]
Long term Trend: bullish [3] of V




JAPAN
Nikkey

Preferred scenario:
Short term Trend: bullish wave 3 of (5) 
Medium term Trend: bearish wave 4 of (2) 
Long term Trend: Topping wave [C] of B/X 


1° Alternate Scenario:
Short term Trend: bullish Alt:(5) Me
Medium term Trend: bullish  onda Alt:[5]
Long term Trend: Topping Alt:[5] of Alt:I then bearish Alt:II





Happy New Year
for trading and for Life!

ElwaveSurfer

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