EWFcw

EWFcw

SGX Nifty (IN1!) has completed A and B of ABC flat correction. C will be possibly elongated wave of major Y wave down to new low. Will watch closely how price made the 1st wave of C down.

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ASX 200 (XAT) is now going down in C wave down after B wave triangle. wait for triangle to break down to confirm the move.

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S&P 500 (SPX) is now going down in 3rd wave of in C wave. The 2nd wave deep so possibly 3rd will be sharp decline.

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DAX (DE30) is now going down in 3rd wave of C down, which should be stronger down move.

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FTSE MIB (IT40) is now in C wave down. ABC wave will complete Y wave major down as similar as in IBEX.

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IBEX 35 futures (ES35) is in 3rd wave of C internal wave of Y down. It should be slide down faster as result of under-performance to other European markets after breaking down consolidation level.

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Allianz SE (ALV - Xetra) is in ABC zigzag wave pattern from major top made in Daily time frame. It already completed B wave in complex correction and after completion of B wave, it started under-performing DAX index and moving down in C wave. Now 3rd of 3rd wave starts moving down, which should be much sharper.

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Western Digital Corp (WDC) is in WXY complex double three correction pattern. Y wave down is in progress and C wave will be going down today. Wave X was under-performing the SPX and so it has better chance to go down very fast.

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Natural Gas futures (NG) is in ABC zigzag pattern from major high. 3rd wave of C down is about to over, which will retrace sharply up for wave 4 and one more leg down of wave 5 will be roll down further.

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Gasoline futures (RB) is in ABC flat wave pattern from major bottom as shown in chart. Wave 3rd of C up is in progress and will be ending soon. After that wave 4 will be correct it down, which may be flat or triangle. On completion of 4th wave down, one more upward movement as wave 5 would be there on chart. Plz share your comments if you have any opposite wave count ?

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Crude Oil WTI futures (CL) has completed bigger 3rd wave up from low as shown on the chart. Wave 2 was sharp down, so wave 4 will expected to be flat or triangle. If it will be flat then Head & Shoulder pattern will be possible too.

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Bitcoin futures (BTC1!) is in ABC wave pattern (may be the part of Impulse) and currently price is in C wave up. 3rd wave of C is about to end anytime soon. Wave 2 was flat so 4th wave should expected sharp down or triangle other than flat correction, which on completion it again go above 3rd wave to complete C wave. Let’s see how price unfold.

EWFcw Updated 

BNP Paribas (BNP - Paris) is in ABC zigzag wave pattern. C wave is in progress. 2nd wave is about to end and after that it should running down faster in 3rd wave. It is also under-performer to CAC40 index. It is in severe downtrend with almost no bounce within last 3-4 week. Good sell candidate for next move C wave down.

EWFcw Updated 

Berkeley Group Holdings PLC (BKG - LSE) is in WXY complex correction pattern. W is elongated zigzag followed by X wave as double three correction, which is over. Y wave down is in progress which dropped with large volume. Wave B is about to over.

EWFcw Updated 

STMicroelectronics NV (STM - Italy) is moving down in ABC flat pattern. In Daily it has completed some impulse sequence on the top shown in this chart. B wave was complex wxy correction, which was over. Price made 1st wave and 2nd wave correction is under progress. Wave 3rd down of C will now start anytime soon. Italy IT40 index is weaker in europe in last 2 days movement.

EWFcw Updated 

Foot Locker Inc (FL - US) is in ABC zigzag correction from the major top as shown in chart. It is major under-performer than SPX in Daily time frame. It is currently moving down in 5th wave C wave. It should be the last sequence down as in ABC cycle.

EWFcw Updated 

SL Green Rlty Corp (SLG - US) is in ABC zigzag correction as shown in chart. It is major under-performer in Daily time frame. In ABC wave pattern it made B wave as triangle. Wave C is in 3rd wave sequence, which should be very fast.

EWFcw Updated 

Welltower Inc (WELL- US) is in 5th wave down. 4th wave was triangle, which is now broken down by 5th wave movement. Let’s see how price is moving now.