"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

 -------------------------

 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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5 comments:

  1. Sonal JainFebruary 13, 2018 at 5:36 AM

    PSU Bank and IT companies were the weakest today, with those of HCL Technologies and State Bank of India being the worst hit on the Nifty50.
    Stock Tips

    ReplyDelete
  2. Rajesh SharmaFebruary 15, 2018 at 11:04 PM

    PE Ratio Chart for Indian Stock Market Along with Historical PE Ratio and Analysis of PB Ratio Just Say That Coffee Can Portfolio is a Better Option

    ReplyDelete
  3. bhoomiApril 11, 2018 at 3:11 AM

    First time i visit your blog and its quite informative, keep sharing more updates for mcx tips and providing more information with us.

    ReplyDelete
  4. heena khaanApril 13, 2018 at 3:54 AM

    This Bar graph provide me useful information about market which provide me making profit

    निफ्टी-फ्यूचर्स

    ReplyDelete
  5. RajeshSeptember 13, 2018 at 5:03 AM

    Very interesting and detailed study.

    ReplyDelete

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