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Lenaw3

DB in $. Short near the end. EW at its best.As a reminder, please look at the old chart idea down at the links. Price action and elliottwave at its best. The old longer short target was 16 $. But from the waves I cannot see an end to it. I wait for a long signal, a wave is finished formation, to try to catch the next big move long. How to trade? Short positions stops bring closer, long positions not yet, waiting for the first impulse wave up then take the second impulse wave as an entry. Be aware: The top formation two years ago was more clear to me, and like in WTI, the bottom will come fast and swift. V Rulez. But to try to front run the bottom may cause unnecessary pain in the depot. Just wait for it.
NYSE:DBShort
by Mo3K
BitCoins: "<300 Bites The Dust." vs. ">500 Happy Party People."Sorry, folks, my last BitCoin analysis was too eager. It took much longer then expected. And now BitCoin is - in my waver eyes - in a make or break situation. If it goes below 300, the chances are good, that it will never come back, maybe a long time to say goodbye, but a goodbye forever. If it gets back on track and does a new high over 500, then BitCoin "kicked the can down the road" and the party can go on at least for two or (a lot) more years. So for me exciting days with Bitcoins ahead, from a elliottwave technical standpoint. As I do not follow the news. Happy Hunting. :)
BITSTAMP:BTCUSD
by Mo3K
THE END IS NEAR. WTI should build a bottom. Oil Rally in 2016?After being strong short on oil since August 2014 (see the green arrow... YES, no kidding...), I am expecting the WTI to rock bottom right at or little under 30 $. Two more lows and then there should be a bottom formation, preferably an ending diagonale triangle. Alternative: If not, under 10 $ is on the table (but that I do not see). So I am changing oil from strongest short to neutral. Not long until a signal developed. But changes are good, that THE END IS NEAR. The painting in the charts are old, mostly over a year old. Only the last green ones are new. Feb. 2016 was a time target from beginning of 2015. Now I would think maybe three more month to go. Keep you posted. Happy hunting.
NYMEX:CL1!
by Mo3K
BitCoin. Comeback Baby. Time for (false?) hopes.BitCoins are crazy volatile and not easy to trade, at least it feels like this to me. So this is just for fun. If you look into the chart from a Elliott-Wave perspective, then it could be time for some long movement. False hope if you ask me from my fundamental view, but anyway, something like 700-xx should be possible. If we see one lower low, it could be even more interesting, but without that, Bitcoins long move is limited. With a new low and then a nice impulse up, then maybe no false hope. But as it is now, it is just a b/x up, with limited potential but nearly unlimited craziness in its wave patterns allowed. Good hunting.
BITSTAMP:BTCUSDLong
by Mo3K
7
EURUSD. Draghis Last Stand. Part 6. The EUR tide hits target.My longterm target is done. Faster then expected, but I was sure it will. Now it was hit. But. Right now, I can see no end. Two possible points in the chart, but no signs that would support any of them. Basically the 1,07 is a "good" looking target, the 1:1 is the magic number target. But. I am totally unsure where this will end. When I am sure Part 7 will come. Best regards, hope you could profit a little bit. Hell of a ride so far.
Short
by Mo3K
1
EURUSD. Draghis Last Stand. Part 5. Awesome FX. EURUSD was THE trade of 2014. The 4. try got the whale. Right on the topping day in March 2014. So here a little update on the EURUSD. Still no bottom to be seen, but from an Elliott Wave perspective the needed is done. Everything else is just the icing on the cake. 1,10 is not too far away, only 8 cents... but the thing running now for over 3000 pips. Check out 1,1666 and 1,1000. Long signals could carry a trade a little bit there. But I do NOT see anything yet. NOTHING. So no front running. Will wait for long signal. Until then the short load will carry on... short term shorts still preferred. Could run awhile longer.
Short
by Mo3K
EURUSD. DRAGHIS LAST STAND AT 1,4000. PART3. Coordination Point.As you can see with the attached links, that one went well. Why the update? Because I do not do the market, we all do, and with all due respect, I can see one possibility that is noteworthy. But to be sure, weekly I am still strong short on this pair, at 1,3550 I have to reconsider, at 1,40 well, then it is too late anyway. So besides all the short load I carry with me, we may face some interesting price movement, there is a coordination point ahead. A rebound until 1,3200 should carry the pair easily to 1,34, judging from the then to see fractals even more. Why? There is the slight chance that the 1,40 EDT I counted has done its magic. What to do? Well, I earned quite some pips, so I will cash in half of it. When I can see some impulsive structure up, I wait for it to come back and maybe launch an investigative long trade, stop under the starting impulse and fast over the entry. But overall, I am still positive for the target at 1,11.
Short
by Mo3K
FB. Room 44. Then next floor.FB is not my favorite share. Fundamentally I do not understand its value. Totally not. Then the late IPO, tons of pre IPO VC investments, employees loaded with shares. A lot looking for profitable exits. So this should be a share, that could be hit hard when the tide will go. But maybe not yet. The patterns: the inner structure of the wave show a nice likelihood of at least a retracement to about 61 or so. Judging from how that looks there is room for 44. What could I trade? If not over 71,50, I would wait for a little impulse wave down. Hopefully a retracement shows, to give the short a nice Risk-Reward-Ratio.
FShort
by Mo3K
1