The US Dollar Index has found a bottom before it continues it's historic rise. Since July 18th, the dollar issued a massive 12 week rally resulting in an impulse wave with both a third and a fifth wave extension. The resulting correction, labeled as wave 2, appears to be finished, or very close to finished. Wave 2 carved out a double zigzag that has perfect Fibonacci … [Read more...] about The US Dollar Finds a Bottom
We have a count to support Bitcoin having topped for the current major wave degree as discussed in the latest post. Whether that wave degree is a B wave correction or a second wave remains to be seen. Now lets take the analysis one step further and find some supporting evidence. The first aspect of this wave structure I will show you is time. Assuming a three wave zigzag … [Read more...] about Fibonacci Analysis Supporting a Bitcoin Top
We are going to look at the full body of work for the tech sector. We'll start with the Nasdaq micro count 1. This Nasdaq E-mini futures chart suggests a 5 wave diagonal wave 1 completion followed by a wave 2 retracement in the form of a zigzag. Evidence supporting this count is a deep retracement of wave 1 that has already met the retracement guideline of the previous 4th … [Read more...] about What’s Up with the Nasdaq?
After the October 6th bottom, as discussed in the discord, I've been waiting for the impulsive structure to break and give us a 3 wave retracement for wave 2. It appears that correction is now complete in the form of an expanded flat. A very common pattern following a strong impulse. Since an impulse ended on October 20th with a third wave extension, the flat pattern traced out … [Read more...] about Elliott Left a Pot of Gold at the End of the Rainbow
There is great potential that the 30 year T-bil futures have bottomed. This chart is a micro count version of the final 5th wave of primary wave 1. Depicted as a legal impulse consisting of an expanded flat correction for minor wave 2. Wave 3 is longer than wave 1, so the length rule is satisfied. Minor wave 4 is labeled as a contracting triangle whose internal C wave is a … [Read more...] about A Long Bond Bottom