WaveTrack International

Elliott Wave Financial Price Forecasting

FEZ – SPDR Eurostoxx 50 ETF stages a reversal signature to the upside!

by m.tamosauskas| December 15, 2015 | 5 Comments

Last week we have been experimenting with the FEZ ETF which represents Eurostoxx 50 index. We found a near-perfect Elliott Wave structure and geometric Fib-Price-Ratio dimensions for a practice. As promised, now we are updating this chart with all annotations and explanation how to use our Fib-Price-Ratio methodology.  Enjoy!

151215_FEZ

Comments

  • Mark Lytle

    Nicely done. Do you do this purely through training, practice, or do you have help from software?

  • Thanks Mark! Lets hope FEZ will keep going up! As you already know, we use Elliott Wave and Fib-Price-Ratio methodology.

  • Mark Lytle

    FEZ is showing a lot of strength, the double bottom terminating at 33.84 produced a new strength, it’s EPTP Index is at .609 now, which is normal to slightly strong. The green trendline is one I think it will get below, but then rise against it as resistance on the way up. I projected it out to 1/22/16, and it is at or near your target at that point. It’s common for markets at the end of a move to ‘overshoot’ the trendline that contains them.

  • Mark Lytle

    You’ve inspired me. 60% correction coming, I believe.

  • Mark Lytle

    If FEZ fails here, at this point, it’s external factors at work, as in general market conditions. It was internally strong on wednesday.

About WTI

WaveTrack International is a financial price forecasting company dedicated to the Elliott Wave principle and work of the R.N. Elliott. Clients include Investment Banks, Pension Funds, Total/Absolute-Return/Hedge Funds, Sovereign Wealth Funds, Corporate and Market-Making/Trading institutions and informed individuals -- & just about anyone who is affected by directional price change.

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