Elliott Wave analysis of Gold XAU-USD 10-06-2014

After the complex correction is over we are aiming for the last sub wave to go down with a price target area 1234 to 1238, Since this is the end of  wave"D"  and the DSI is also being reported at extreme, the traders have to be careful not to lose their profits because a quick bounce back  is expected.

Elliott wave analysis of XAU-USD Gold -09-06-2014

The immediate move in Gold is down , and the potential price target is 1246, beware as after reaching the price target the probability of reflecting back is high just as it happened on Friday.Thanks

Update : The zigzag correction is over , because of the wave structure of 2nd wave the price target is now 1237

Elliott wave analysis of NZD-USD 08-06-2014

I hope you guys enjoyed the thrust from the ending diagonal (v) of  (3), this thrust was actually a zigzag correction and it is also wave (4), the depth of wave (4) was 50% of wave (3),It also followed the guideline of alternation as (2) was a funky looking flat. I believe that wave (4) is now over and wave (5) is on its way down. The price target is 0.83784 where wave (5) equals wave (1).Another interesting relationship was between wave (3) and wave (1).

Elliott wave analysis of GBP-USD 08-06-2014

The immediate trend in GBP/USD is down, however two possibilities are arising from the wave count that is either we are in 5^th wave of a leading diagonal or either wave 3 of 3 is already on its way. The invalidation point for the wave count is 1.69179. If we are in a leading diagonal then wave 5 must end before 1.66169 because wave 3 is already shorter than wave 1 and wave 3 cannot be shortest among waves 1, 3 and 5.

If the next wave is quite strong and it passes our price target of 1.69179, then the alternative count will kick in that is we will be in the wave 3 of 3. But at present the important thing is the direction of trend which is down with a strong probability. The corrective wave we have just completed was an expanding flat corrective pattern.

Please follow the money management rules along; no responsibility will be taken by the author.

Elliott wave analysis of OIL-USD 08-06-2014

Hi guys, my Elliott wave technical analysis of OIL/USD signals a bullish count, wave (a) and (b) of wave 2 are over and wave (c) should be a 5 wave pattern, possibly an ending diagonal to end present correction pattern. A move below 101.58 would negate our count. After this deep 2^nd wave correction is over I am expecting a strong wave 3, and the whole wave (1 to 5) has a potential price target in the range of 103.55 to 104.37.

I hope the above information will help you guys in making a profitable trade. Please follow the money management rules along. The author will not take any responsibility if any loss may occur.

UPDATE :

Please note that the downwards movement was actually over on friday , and now the price should be moving up to the specified target area.