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

Category: Elliott Wave, Elliott Wave Patterns, Elliott Wave Principle, Eurostoxx 50, fib-price-ratio, Fibonacci Trading, Financial Forecasting
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5 Responses to “FEZ – SPDR Eurostoxx 50 ETF stages a reversal signature to the upside!”

  1. Mark Lytle
    December 15th, 2015 @ 9:32 pm

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

  2. Wavetrack International
    December 16th, 2015 @ 4:06 pm

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

  3. Mark Lytle
    December 17th, 2015 @ 3:21 pm

    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.

  4. Mark Lytle
    December 18th, 2015 @ 6:31 pm

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

  5. Mark Lytle
    December 18th, 2015 @ 6:36 pm

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

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