FAAMG – Why tech stocks collapsed?

by WaveTrack International| June 16, 2017 | No Comments

FAAMG – TECH SNAPSHOT!

Since the Nasdaq 100 staged a reversal-signature exactly 1-week ago (Friday 9th June) from an all-time-high of 5907.50 (futures), pundits have attempted to explain why technology stocks collapsed.

Analysts were quick to issue their forecast revisions for some of the FAAMG’s, Facebook, Amazon, Apple, Microsoft and Alphabet (Google). As a consequence, the investment bank Mizuho lowered their targets for Apple Inc. from $160.00 to $150.00 retrospectively, Monday morning even though they commented that the timing of this release was a coincidence as the research took weeks to compile – the stock has since traded down to $142.21!

But there was a definitive lacking in fundamental logic? Yes, commentators cited a frothy over-extended market but they’ve been saying that for weeks. Yet, that’s not a concrete explanation for the timing.

FAAMG – THE REAL REASON WHY TECH STOCKS CHOSE THEIR MOMENT TO COLLAPSE

Here’s our explanation. Elliott Wave analysis identified 3rd wave completions into these highs. Apple Inc. hinted it was preparing for this decline over 2-weeks before it happened (see chart, left). It’s peak at 156.65+/- was already cited as ending its 3rd wave that began from last November’s low of 104.08 had completed late-May. Now, opening the way for a corrective decline in a 4th wave towards $134.00+/-.

Likewise, Google Inc. was also heading into a major peak. Elliott Wave analysis forecast an approach to important 3rd wave highs towards $997.12+/-, the actual high trading marginally short at $988.25 (see chart, right). Its 4th wave downside targets to $918.00+/- has already been realised to 915.23. In fact, we shall be revising the completion even lower now.
Elliott Wave analysis combined with Fibonacci-Price-Ratios become an effective tool in forecasting, projecting these types of up-coming reversal-signatures. To learn more, following the links!

Interested in GOOGLE Alphabet C stocks? Get our latest equity report here

Commodities Video Series | PART II/III – Precious Metals to Soar!

by WaveTrack International| June 13, 2017 | No Comments

Commodities Video Series | PART II/III
INDUSTRIALS, ENERGY SET TO RESUME HIGHER – PRECIOUS METALS TO SOAR!

Includes new 6-MONTH OUTLOOK FORECASTS

The grand ‘RE-SYNCHRONISATION’ process of 2016 produced a realignment of major asset classes following divergences over the preceding years from the 2011 peaks. Developed and Emerging market indices synchronised in January/February 2016 by ending major corrections into the lows, then resuming secular-bull uptrend thereafter. But it wasn’t just stock markets that underwent this recycling. Commodities also formed major corrective lows into the exact same time zone which was the reason behind such huge percentage gains that were recorded into the first half of last year.

The grand re-synchronisation was probably the most important even of last year but it was largely unrecognised by the financial community. Mainly, because asset managers are mostly specialising in individual asset classes rather than taking a macro-holistic approach to investment.

Not only that, but when these different asset classes are lined-up together with the help of viewing them through the lens of the Elliott Wave Principle, suddenly we see a glimpse into the future. That realisation is very profound because ‘seeing’ into the future price development of markets can be, is a humbling experience. I’ve witnessed this so many times during my 40-years in trading and yet each new glimpse is as special as all those of the past.

Impulses, Zig Zags & Expanding Flats

What makes the ‘RE-SYNCHRONISATION’ process special is the way it aligns disparate Elliott Wave pattern development into an alignment of ‘POSITIVE-CORRELATION’.

When stock markets peaked in 2007/08, so did commodity markets and when prices collapsed during the 2008/09 financial-crisis, both asset classes formed major lows within just a few months of each other. The recovery phase also saw both trend higher afterwards and that’s where the great puzzle begins.

Whilst U.S. stock markets began new secular-bull 5-wave impulse uptrends, many commodity markets began the same advance but as 3-wave zig zags, or in some cases double zig zags. And these zig zags are simply the second sequence within even larger, multi-decennial expanding flat patterns – yes it all gets a little complicated. But herein lies the hidden path that future price development is taking.

It’s no wonder that during 2011-2016, commodity prices declined rapidly whilst U.S. stock markets trended higher because it was a necessary function in order to allow the 5-wave development of one to play out whilst allowing a 3-wave pattern unfold in the other. In fact, the commodity correction in 2011-2016 realised wave ‘B’ within the zig zag upswing unfolding from the financial-crisis lows whilst the 3rd wave uptrend continued in stocks. The resynchronisation occurred when wave ‘B’ ended last January/February at the same time a minor fourth wave correction completed in stocks.
From an Elliott Wave pattern perspective, they were now realigned in positive-correlation and can both head higher in the next major phase of their respective patterns. But what of 2017?

The Next 6-Months

So far, this year has delivered different performances following last year’s impressive commodity gains. Base Metals have undergone counter-trend retracements as has the Energy sector. These are seen co-existing in a shorter-term positive-correlation environment which is largely dependent on how supply imbalances are being worked off. Precious metals ended their corrective declines earlier, last December (2016) and are already resuming larger uptrends established from last year’s lows as geopolitical events have a positive impact.

Just recently however, the Base Metals and Energy sectors have or are approaching the end of these shorter-term corrective phases that began from last year’s peaks. This is happening at the same time that Precious Metals are building a strong platform of support in preparation for the next stage of accelerative advances. From this we can determine that all three commodity sectors are poised to surge higher for the remainder of 2017!

New Commodities Mid-Year Video Forecast

This MID-YEAR 2017 COMMODITIES video takes a look at how these shorter-term realignments fit together across Base Metals, Precious Metals and the Energy complex for Crude and Brent Oil. We show how the ‘RE-SYNCHRONISATION’ process of 2016 dovetails with ‘POSITIVE-CORRELATION’ studies, how these interact and combine to reveal this next stage of major price advances into the second-half of this year, 2017.

We invite you to take this next part of our financial journey with us – video subscription details are below – just follow the links and we’ll see you soon!

Most sincerely,
Peter Goodburn
Founder and Head Elliott Wave Analyst
WaveTrack International

COMMODITIES VIDEO Table of Contents: 52 charts

• S&P- Hang Seng-MSCI Emerging Markets-Singapore Straits – Correlation  
• S&P 500 - Crude Oil- Copper – Correlation  
• MSCI EM vs. Copper – Correlation  
• Palladium vs. Nasdaq 100 – Correlation  
• Crude Oil vs. Copper – Correlation
• Copper/EM – EW Pattern
• Base Metals Miners – EW Pattern
• Precious Metal Miners – EW Pattern  
• Crude Oil – EW Pattern
• AUD vs. CRB Cash Index – Correlation
• CRB Cash Index – Weekly – Cycle
BASE METALS
• Copper vs. AUD – Weekly – Correlation  
• Copper – Weekly – Composite Cycle  
• Aluminium – Daily  
• Lead – Weekly  
• Zinc – Daily  
• Nickel – Daily  
• XME – Metals Mining – Daily  
• BHP Billiton – Weekly
• Freeport McMoran – Weekly
• Antofagasta PLC – Weekly
• Anglo American – Weekly  
PRECIOUS METALS  
• Silver vs. Copper – Weekly – Correlation
• Gold – Monthly – Composite Cycle
• Gold – Count #1 and #2
• GDX – Gold Miners Index – Weekly
• Newmont Mining – Weekly  
• GoldCorp Inc. – Weekly  
• Amer Barrick – Weekly
• Agnico-Eagle Miners – Weekly
• AngloGold Ashanti – Weekly
• Silver – Composite Cycle and Count #1 and #2 
• XAU – Gold/Silver Miners – Weekly
• Gold/Silver Ratio vs. Silver – Correlation
• Gold/Silver Ratio – Weekly
• Palladium vs. Silver – Correlation  
• Palladium – Monthly  
• Palladium vs. Silver – Correlation
• Platinum – Weekly  
ENERGY / CRUDE OIL
• Crude Oil – Weekly – Composite Cycle
• Crude Oil – Count #1 and #2
• Brent Oil – Weekly

How can you order the new COMMODITIES video forecast?

PART II COMMODITIES VIDEO is available now, at only $48.00! (1 hour 30 mins long)

We’ll send you a personal link so that you can watch the video, anytime at your convenience.

And if you’d like to subscribe to the STOCK INDICES video PART I and up-coming CURRENCIES videos PART III, you can receive ALL THREE for $96.00! – that’s a saving of 33% per cent!

• Single Video – $48.00
• Triple Package offer – $96.00 (saving 33%)!

CONTACT US NOW VIA EMAIL – SELECT YOUR PACKAGE

Single Video – $48.00 – PART II COMMODITIES (June ’17)
Triple Package offer – $96.00 (saving 33%)! – PART I – PART II – PART III (June – July ’17)

Each video runs for at least 1 hour 20 minutes and it’s packed with SPECIFIC Elliott Wave price-forecasts (the COMMODITIES Video is already 1 hour 30 mins. long!)..

The latest STOCK INDICES video runs for 1 h 50 minutes featuring 46 charts – click here

BONUS! Each of the 52+ charts illustrated in the VIDEOS will be created into a .pdf document/report and sent to you so that you can always keep these to refer to!

PART III for Currencies and Interest Rates will be available in a few weeks’ time (June/July 2017!) – we’re working on it!

To receive your VIDEO UPDATE please click here to contact us.
– Please state if you wish to purchase the SINGLE VIDEO for COMMODITIES for USD 48.00?
– Or opt for the TRIPLE PACKAGE for USD 96.00 in total?
– Next we will send you a PayPal payment request and provide you with the video link & PDF report once confirmed.

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Nasdaq100 – Fib-Price-Ratios Pinpoint Friday’s Peak

by WaveTrack International| June 12, 2017 | No Comments

Which Fibonacci-Price-Ratios were pinpointing Friday’s Peak for the Nasdaq100?

Nasdaq100 responds to Fib-Price-Ratio projection for terminal 5th wave towards 5901.50+/-. Actual high at 5907.50 – down 238.50 points (-4% per cent)!

This 5th wave is the final impulse sequence that began from last November’s low of 4558.50 – it measures a fib. 61.8% ratio of the nett advance between the 1st-3rd wave sequence that completed into the early-March high of 5400.00.

Once again, the fib. 61.8% ratio has confirmed geometric consistency in forecasting major reversals. A counter-trend correction has since begun and this is expected to last the next few weeks prior to a resumption of the larger uptrend.

Learn how to take advantage of WaveTrack’s Fibonacci-Price-Ratios!

Watch WaveTrack’s Fib-Price-Ratio videos on youtube to see how these measurements can be applied. These videos are gems of know-how for those who have eyes to see! WaveTrack’s first Elliott Wave Academy video

Keep tuned for more updates!

Interested in more state of the art Elliott Wave Stock Index forecasts?

We have just published a new 1 h 50 mins Stock Indices Video! – Read more about this amazingly insightful video by click on this link

PART I Stock Indices VIDEO is available now, at only $48.00! (1 hour 50 mins long)

We’ll send you a personal link so that you can watch the video, anytime at your convenience.

And if you’d like to subscribe to the up-coming COMMODITIES & CURRENCIES videos in PART II & PART III, you can receive ALL THREE for $96.00! – that’s a saving of 33% per cent!

• Single Video – $48.00
• Triple Package offer – $96.00 (saving 33%)!

CONTACT US NOW VIA EMAIL – SELECT YOUR PACKAGE

Single Video – $48.00 – PART I STOCK INDICES (June ’17)
Triple Package offer – $96.00 (saving 33%)! – PART I – PART II – PART III (June – July ’17)

Each video runs for at least 1 hour 20 minutes and it’s packed with SPECIFIC Elliott Wave price-forecasts (the Stock Index Video is already 1 hour 50 mins. long!).

BONUS! Each of the 46+ charts illustrated in the VIDEOS will be created into a .pdf document/report and sent to you so that you can always keep these to refer to!

PARTS II & III will be available in a few weeks’ time (June/July 2017!) – we’re working on it!

HOW CAN YOU RECEIVE THE VIDEO FORECAST?

To receive your VIDEO UPDATE please click here to contact us.
– Please state if you wish to purchase the SINGLE VIDEO for STOCK INDICES for USD 48.00?
– Or opt for the TRIPLE PACKAGE for USD 96.00 in total?
– Next we will send you a PayPal payment request and provide you with the video link & PDF report once confirmed.

Havn’t got a a PayPal account? We accept all major credit cards – just tell us your preferred payment method in your email and we’ll send you instructions.

Visit us @ www.wavetrack.com

Ensure you’re tracking our forecasts – subscribe online for the EW-COMPASS REPORT.

Visit us @ www.wavetrack.com and subsribe to our latest EW-COMPASS report!

Category: Elliott Wave Charts, Elliott Wave Patterns, fib-price-ratio, Fibonacci Trading, Nasdaq 100

Stock Index Video Series available now – PART I/III

by WaveTrack International| June 6, 2017 | No Comments

Stock Index Video Series | PART I/III

STOCK INDEX HIGHLIGHT – Technology Sector leads the way higher!

Includes new SENTIMENT & ECONOMIC INDICATOR STUDIES

For the stock index market 2016 marked the Elliott Wave pattern realignment of Developed Markets (DM’s) and Emerging Markets (EM’s) within the secular-bull uptrend, in what we termed as the grand ‘RE-SYNCHRONISATION’ process. Currently, 2017 has so far been the year where the TECHNOLOGY SECTOR leads the way higher!

Since updating the medium-term outlook for the various indices last December/January, the bullish forecasts have yielded huge gains in just 6-months – the benchmark S&P 500 is up +8.0% per cent but the tech-heavy Nasdaq 100 is up by a massive +19.6% per cent. But can this outperformance last?

Well, that depends on our current location within the SECULAR-BULL-UPTREND. But in order to answer the question, we must first revisit the main themes that we’ve highlighted over the last several years in order to get a fix on the market’s positon.

Three’s into Five’s

Winding the clock back to December ’14, the annual EW video/forecasts for 2015 re-examined the bullish zig zag forecasts that originated back in 2010 which described the S&P 500 approaching a major high towards targets of 2139.37 – the actual high was 2134.72. When we checked the location of other global indices and commodities, we could see that they were still engaged in a decennial advance from the financial-crisis lows that would stretch into the end of the decade. For a major stock market peak to occur, all would need to be aligned, just as they were at the peaks of 2000 and 2007 – but this time they weren’t. This realisation translated itself into the current secular-bull-uptrend schematic for all the major U.S. indices.

Re-Synchronisation

A year later, in December ’15, we could see that Emerging Markets and Commodities were in the final stages of counter-trend declines that originated back at the 2011 peaks. One additional but hefty decline was forecast into early-2016 but then forming a major low, turning around and heading higher to begin the 2nd phase of the INFLATION-POP. This also occurred at the same time major Developed Market indices were ending the largest percentage declines since 2011 – the S&P sank by -15% per cent into the Feb.’16 low. The annual 2016 EW video/forecasts termed the dual corrective lows in Developed and Emerging markets as the grand ‘RE-SYNCHRONISATION’ process. This was a major event that could only be appreciated for its importance from an ELLIOTT WAVE perspective.

When the post-financial-crisis recovery occurred, the developed and emerging markets, even commodities were all aligned in positive correlation. This was maintained until late 2012 when DM indices soared to new record highs whilst EM’s and commodities traded lower. This divergence was a necessary function of each’s specific Elliott Wave pattern development. DM indices were engaged in five wave secular-bull impulse uptrends whilst EM indices and Commodities were adhering to a totally different pattern – an advancing three wave decennial zig zag!

In order to reach their individual upside destinations years into the future, there had to be a period of divergence, where the normalised positive-correlation would break down. How else can a five wave impulse pattern be ‘overlaid’ to a three wave zig zag? At some stage, they will separate before re-synchronising later, and that is exactly what happened during 2011-2016.

Technology Outperformance

The January/February ’16 re-synchronisation means that major DM and EM indices along with commodity markets were set to trend higher, together. This is why global economic growth has made headline news for most of last year, then given another energised prod following Donald Trump’s appointment as President. The news fits the established uptrend!

Those uptrends have continued this year, in 2017 although there has been a marked outperformance in the Nasdaq 100. Which comes back to our question – can it continue? Yes it can, at least until the five wave impulse pattern that began from the Feb.’16 low ends later this year.

Within the secular-bull uptrend, its 3rd wave is approaching upside completion which is expected to complete late-2017/early-2018 so outperformance is expected to be maintained until then. There will be shorter-term retracements along the way though, and these will inevitably cause pockets of underperformance simply because the Nasdaq 100 has a much higher ‘beta’. But there’s safety in knowing the direction of the dominant trend.

Sentiment & Economic Indicator Studies

This latest MID-YEAR 2017 STOCK INDEX video series takes an in-depth look at all these major developments, adjusts and updates price-levels from earlier this year using our proprietary FIBONACCI-PRICE-RATIO methodologies. But we also add some major SENTIMENT & ECONOMIC INDICATOR STUDIES too!

R.N. Elliott recognised that human behavioural excesses often precede or are at least aligned to important reversal-signatures. As a result, in today’s modern era of collective data retrieval, these excesses are often visible in sentiment indicators. The video also takes a look at various measures, the VIX volatility index, NYSE Advance-Decline ratio, the S&P’s COT data, extracts from Bank of America/Merrill Lynch’s latest Fund Manager Survey together with results from AAII’s bullish sentiment survey and Elliott Wave analysis of U.S. Consumer Sentiment and Gross Domestic Product.

It all makes fascinating reading – viewing!

New Stock Index Mid-Year Video Forecast

This MID-YEAR 2017 STOCK INDEX video is like nothing you’ve seen anywhere else in the world – it’s unique to WaveTrack International, how we foresee trends developing through the lens of Elliott Wave and how its forecasts interplay with Cycles, Sentiment extremes and Economic data trends.

We invite you to take this next part of our financial journey with us – video subscription details are below – just follow the links and we’ll see you soon!

Most sincerely,
Peter Goodburn
Founder and Head Elliott Wave Analyst
WaveTrack International

Stock Index – Contents: 46 charts
• S&P 500 + Cycles
• Dow Jones Industrial Average
• Vix Volatility Index
• NYSE Advance-Decline
• S&P 500 COT data
• Bank of America/Merrill Lynch FMS Survey
• AAII Bullish Sentiment
• Consumer Sentiment
• US GDP data
• Nasdaq 100
• Russell 2000
• KBW Banking Index
• XLK Technology
• XLY Consumer Discretionary
• XLE Energy
• NDX-BioTech
• Eurostoxx 50
• Xetra Dax
• FTSE-100
• MSCI Emerging Market
• MSCI BRIC
• Bovespa
• Russia RTS
• Nifty 50
• MSCI China
• Shanghai Composite
• China Enterprises
• MSCI Hong Kong
• Hang Seng
• Singapore Straits
• ASX 200
• Nikkei 225

How can you order the new STOCK INDEX video forecast?

PART I Stock Indices VIDEO is available now, at only $48.00! (1 hour 50 mins long)

We’ll send you a personal link so that you can watch the video, anytime at your convenience.

And if you’d like to subscribe to the up-coming COMMODITIES & CURRENCIES videos in PART II & PART III, you can receive ALL THREE for $96.00! – that’s a saving of 33% per cent!

• Single Video – $48.00
• Triple Package offer – $96.00 (saving 33%)!

CONTACT US NOW VIA EMAIL – SELECT YOUR PACKAGE

Single Video – $48.00 – PART I STOCK INDICES (June ’17)
Triple Package offer – $96.00 (saving 33%)! – PART I – PART II – PART III (June – July ’17)

Each video runs for at least 1 hour 20 minutes and it’s packed with SPECIFIC Elliott Wave price-forecasts (the Stock Index Video is already 1 hour 50 mins. long!).

BONUS! Each of the 46+ charts illustrated in the VIDEOS will be created into a .pdf document/report and sent to you so that you can always keep these to refer to!

PARTS II & III will be available in a few weeks’ time (June/July 2017!) – we’re working on it!

HOW CAN YOU RECEIVE THE VIDEO FORECAST?
To receive your VIDEO UPDATE please click here to contact us.
– Please state if you wish to purchase the SINGLE VIDEO for STOCK INDICES for USD 48.00?
– Or opt for the TRIPLE PACKAGE for USD 96.00 in total?
– Next we will send you a PayPal payment request and provide you with the video link & PDF report once confirmed.

Havn’t got a a PayPal account? We accept all major credit cards – just tell us your preferred payment method in your email and we’ll send you instructions.

Visit us @ www.wavetrack.com

Category: Dow Jones 30, Elliott Wave, Eurostoxx 50, Fibonacci Trading, Financial Forecasting, India-CNX Nifty 50, Nasdaq 100, Nikkei 225, Russell 2000, S&P 500, Stock Index, video, VIX

EUR/USD CORRECTION CONFIRMS LARGER UPTREND INTACT

by WaveTrack International| May 31, 2017 | No Comments

GOLDEN-SECTION PHI IN EUR/USD CORRECTION!

There was a noticeable increase in short-covering of G4 currencies against the US$ dollar towards the end of last week (basis the latest IMM positioning reports). The aggregate USD dollar long positioning declined to a new multi-month low at $7.5bn. Meanwhile, the Euro remained the most net-long currency at €9.1bn, a new multi-year high.

When figures like this occur for the Euro, a check on the underlying Elliott Wave pattern progression is useful in determining direction and whether a contrarian bearish stance is appropriate.

The EUR/USD has driven higher since January’s low traded at 1.0341 into last week’s high at 1.1268. No wonder traders have covered shorts in the Euro and are now net long – that’s a huge move.

But is the 1.1268 high the end of this advance, or just part of a new uptrend?

EUR/USD – 30 mins.

One thing for sure, last week’s decline from 1.1268 has just completed unfolding into a corrective zig zag pattern to 1.1109 – see fig #1. Labelled in minuette degree, [a]-[b]-[c] and subdividing 5-3-5, the zig zag can be ‘proofed’ using fib-price-ratios – for example:

Wave [a] x 61.8% -1.1170 = wave [c] @ 1.1108+/-

The actual low at 1.1109 was only 1 pip deviation! – the fib. 61.8% extension ratio marks the location of the ‘golden-section’ phi

Two observations can be derived from this zig zag. First, it confirms the EUR/USD remains within a larger uptrend despite the current long-positioning extreme revealed in the IMM reports. Second, as the Euro/US$ is somewhat overbought basis the IMM stats, this zig zag could easily neutralise this excess by continuing to decline into a deeper double zig zag pattern, breaking below 1.1109.

To extend the current zig zag into a double pattern, wave [x] resistance must be maintained below the 1.1268 high. And preferably below Tuesday’s high of 1.1205 which happens to be a test to the fib. 61.8% retracement level of the preceding zig zag.

The probability of extending lower, below 1.1109 outweighs a more immediate attempt to higher-highs – but conditional on remaining below nearby resistance.

Learn how to take advantage of WaveTrack’s Fibonacci-Price-Ratios!

Watch WaveTrack’s Fib-Price-Ratio videos on youtube to see how these measurements can be applied. These videos are gems of know-how for those who have eyes to see! WaveTrack’s first Elliott Wave Academy video

Ensure you’re tracking our forecasts – subscribe online for the EW-COMPASS REPORT.

Visit us @ www.wavetrack.com and subsribe to our latest EW-COMPASS report!

Category: Elliott Wave, Euro / US$, fib-price-ratio, Fibonacci Trading, FX, FXStreet, USD

GDXJ-Junior Gold Miners – ZIG ZAG PERFECTION

by WaveTrack International| May 26, 2017 | No Comments

GDXJ Junior Gold Miners – 120 mins.

GDXJ-Junior Gold Miners ZIG ZAG PERFECTION! – GDXJ ENDS CORRECTION INTO $29.33 LOW

Towards the end of last February, the 27th to be exact, we posted an update of the GDXJ-Junior Gold Miners ETF showing how it had just ended a strong 5-wave impulse upswing at $43.01 from December’s low. This was providing confirmation of upside continuity in the future. In fact, this initial five wave impulse was simply the beginning of a much larger, multi-year uptrend – a 1st wave.

But before that can continue, in compliance with Universal Law, action must be followed by reaction. In the GDXJ’s case, a counter-trend decline must begin to unfold. R.N. Elliott’s guideline is that a correction commonly returns to the area of ‘fourth wave preceding degree’ which is around the $36.08 area – see chart. Whilst corrections can end into this minimum area, they can also extend beyond, or lower. This all depends on the depth of the preceding fourth wave in relation to the fifth and the labelling of the preceding impulse.

In this specific case, the GDXJ was beginning a correction as a 2nd wave. Yet, 2nd waves are notorious for unfolding far deeper than simply levels at fourth wave preceding degree. Anticipating such declines are really dependent on how the initial stage of the correction unfolds. If declining into a five wave pattern as it did to $32.66, then we already know that another deeper part of this correction is taking place, eventually taking the form of a 5-3-5 zig zag.

Why Fib-Price-Ratios are the key to forecast termination levels for Zig Zag Patterns

This is where fib-price-ratios are crucial in measuring the termination level of the zig zag. There are various ways to accomplish this but one of the most common ratios is well-known – where waves ‘a’ and ‘c’ measure to quality, or by a fib. 100% correlative ratio. As you can see from the chart, this was zig zag perfection because this ratio projected a terminal low to $29.29+/- with the actual low coming-in at $29.33!

The $29.33 low as this 2nd wave was also testing the fib. 85.4% retracement of its 1st wave predecessor [100-14.58 = 85.4]. When pattern meets fib-price-ratios and prices respond by trading higher afterwards, it confirms a ‘reversal-signature’ or a trend reversal. And so in terms of probability, this set-up is about as good as it gets – risk-reward is excellent basis negation below 29.33 – the prevailing, dominant uptrend is expected to resume higher now.

Learn how to take advantage of WaveTrack’s Fibonacci-Price-Ratios!

Watch WaveTrack’s Fib-Price-Ratio videos on youtube to see how these measurements can be applied. These videos are gems of know-how for those who have eyes to see! WaveTrack’s first Elliott Wave Academy video

Keep tuned for more updates!

Ensure you’re tracking our forecasts – subscribe online for the EW-COMPASS REPORT.

Visit us @ www.wavetrack.com and subsribe to our latest EW-COMPASS report!

Category: Elliott Wave Patterns, fib-price-ratio, GDXJ, Gold, Gold Mining, Mines, Mining, Precious Metals

APPLE INC. – Hold or Sell? Learn more why Fib-Price-Ratios might be the key!

by WaveTrack International| May 22, 2017 | No Comments

Apple Inc. (APPL) has outperformed over the last year. And only last week, the stock price for Apple reached a record high at 156.65. Apple’s share price is now moving ever so close to our last May’s upside target of 157.23+/-. In May 2016 the price was still trading at 96.43 representing a gain of +62.44% per cent.

But does the fact that prices have traded into fib-price-ratio upside targets mean the five wave expanding-impulse pattern that originated from the April ’13 low of 55.01 has already completed primary wave 5?

The answer is no.

APPLE INC. (AAPL) – Forecast 24th May 2016

If you take a closer look at intermediate wave (5)’s advance from the May ’16 low of 89.47, you’ll notice only a three wave subdivision within the advance to last week’s high. Yes, a smaller fourth wave retracement would necessitate a shorter-term decline continuing in the weeks ahead. This would indicate that the next price development will probably go down towards the fib. 23.6% retracement area at 142.24 or 38.2% to 132.75 but afterwards, a fifth wave advance to higher-highs! Aren’t Fibonacci price ratios amazing?

APPLE INC. – Result! 22nd May 2017 – 1 year later!

Apple Inc. – Forecast May 2016 and phenomenal Result in May 2017!

APPLE INC. – Forecast 2016 – RESULT! 2017

Compare the charts again – it is easy to recognise that the Elliott Wave forecast for Apple Inc. is yet another example reason why you should find out more about Fib-Price-Ratios! Ready?

Learn how to take advantage of WaveTrack’s Fibonacci-Price-Ratios!

Watch WaveTrack’s Fib-Price-Ratio videos on youtube to see how these measurements can be applied. These videos are gems of know-how for those who have eyes to see! WaveTrack’s first Elliott Wave Academy video

Keep tuned for more updates!

Ensure you’re tracking our forecasts – subscribe online for the EW-COMPASS REPORT.

Visit us @ www.wavetrack.com and subsribe to our latest EW-COMPASS report!

Category: APPL, Apple, Elliott Wave, fib-price-ratio, Fibonacci Trading
Tags: AAPL > Equity > Shares > stocks

Reversal-Signature and Price-Rejection – The Golden Rule

by WaveTrack International| May 5, 2017 | 3 Comments

Many of our clients asked us over the years how WaveTrack defines a ‘reversal-signature’? And, when do we know that a ‘price-rejection’ takes place? As this is indeed a crucial factor in understanding the ‘golden rule’ of Elliott Wave trading we wrote this short excerpt to give you a quick insight on this important topic.

In short, a ‘reversal-signature’ follows the initial ‘price-rejection’ from a pre-determined fib-price-ratio measurement target level.

Reversal-Signature Measurements

The reversal-signature commonly consists of a 12-15% swing in the opposite direction as measured from the beginning of the preceding pattern. For example (see fig #1) the decline for the S&P began from 1370.58 with downside projection to 1074.82…total 295 points…

S&P 500 – Reversal-Signature

The price-rejection occurred at 1074.77 (see fig #2). This takes a 15% value of 295 points (44 points plus 1074 = 1118.00). As a result, an attempt to this level would be indicative of a reversal-signature.

Furthermore, this would be corroborated if a preceding high would be broken, and/or the upswing develops into a five wave sequence. However, the 12-15% levels are a guideline only though but they can be accompanied with more conventional reversal patterns such as – key reversal, closing reversal, island reversal plus more from the candlestick charts such as ‘bullish-engulfing’, bullish-hammer’, ‘morning star’ etc.

S&P 500 – Price-Rejection

But the ‘golden rule’ is to await price-rejection then a reversal-signature before taking a position in the opposite direction. If you are neutral heading into a transition/reversal point, ensure you see some form of price rejection at or close to the pre-determined price area. This increases the probability that the pattern identified is correct. So that as a result your trading position can be adequately protected beyond the price extremity that ended the pattern.

Here are more examples on the topic of ‘Reversal-Signatures’ and ‘Price-Rejections’ (see links):

Flash Crash (see fig #4)
Gold-Silver News Alert

Learn more how to determine Fibonacci-Price-Ratios to prepare for ‘Reversal-Signatures’!

Watch WaveTrack’s Fib-Price-Ratio videos on youtube to see how these measurements can be applied. These videos are gems of know-how for those who have eyes to see! WaveTrack’s first Elliott Wave Academy video

Keep tuned for more updates!

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Visit us @ www.wavetrack.com

Category: Elliott Wave Charts, fib-price-ratio, Fibonacci Trading, Reversal-Signature, Uncategorized

Platinum-Silver – Positive Correlation – Correction approaching Completion

by WaveTrack International| May 2, 2017 | No Comments

Platinum-Silver Positive Correlation

February’s Correction Approaching Completion

Silver has given back all of the March/April gains! This is somewhat surprising because this advance from $16.83 to $18.66 appears to have unfolded into a five wave expanding-impulse pattern. It neither confers the subsequent decline (as a correction to this preceding upswing now that it has traded below $16.83 to $16.80) – nor can this same five wave impulse be subsumed into the preceding upswing from last December’s low. At least not without bending a few Elliott Wave guidelines!

Yet, had the $16.83-$18.66 advance unfolded into a three wave pattern instead of a five, all would be revealed! The overall corrective pattern from the earlier February high of $18.55 would simply be labelled as an expanding flat (with downside targets towards min. $16.60+/-, $16.46+/- or max. $16.23). This has been derived by extending the initial decline into the March low of $16.83 by either of three fib-price-ratios, 14.58%, 23.6% or 38.2%. But is that the answer?

Platinum-Silver Positive Correlation

A comparative look at Platinum is useful because it holds a high-positive-correlation with silver – see fig #1.

Platinum vs. Silver Bullion – Correlation – Daily

Silver’s corrective decline does not conform to the required 3-3-5 subdivision of an expanding flat from February’s high (more akin to 3-5-5). Yet, platinum seems to offer an explanation! Because it is justifiably unfolding into a more simplified but corresponding zig zag pattern, i.e. 5-3-5 from February’s high. As a result basis fib-price-ratios, its zig zag has further downside potential before completion – see fig #2.

Platinum Bullion – Forecast! – 360 mins.

If in doubt – Think Pattern

However, this seems to indicate that silver has indeed unfolded into an equivalent expanding flat! Irrespective of subdivision irregularities, the expanding flat is geometrically accurate in its basic form. See fig #3.

Flat – Expanding – Corrective Pattern (c) WaveSearch

How to apply Fibonacci-Price-Ratios?

Watch WaveTrack’s Fib-Price-Ratio videos on youtube to see how these measurements can be applied. These videos are gems of know-how for those who have eyes to see! WaveTrack’s first Elliott Wave Academy video

Keep tuned for more updates!

Ensure you’re tracking our forecasts – subscribe online for the EW-COMPASS REPORT.

Visit us @ www.wavetrack.com

Category: Elliott Wave Charts, Gold, Platinum, Silver, WaveTrack International

AUD vs USD – Precision Target missed by 1 pip

by WaveTrack International| March 9, 2017 | 2 Comments

AUD vs USD – Fibonacci Trading and Elliott Wave

Fibonacci-Price-Ratios (FPR’s) form an integral part of WaveTrack’s Elliott Wave process of identifying reversals in major markets. We catalogued and archived several hundred examples of how fib-price-ratios. Using these Fibonacci-Ratio measurements in a systematic way will help to identify a pattern’s completion and a subsequent change of direction/trend.

Elliott Wave and Fibonacci-Price-Ratios

Each of R.N. Elliott’s 13 patterns has a short-list of accompanying fib-price-ratios that recur with high frequency. Therefore, using this standard approach requires discipline. But it’s definitely worth the effort in learning them because they provide you with an edge which will improve your trading.

AUD vs USD Forecast Fibonacci Price Ratio Example

Coming back to the AUD vs USD example – the target our Fib-Price-Ratios (FPR’s) gave us was 0.7744+/- a Golden Ratio measurement of 61.8% (see chart).

AUD vs USD – Forecast 25th January 2017 – Result!

When you work with a precision target projection for the AUD vs USD at 0.7744+/- you can certainly live with the fact that it was missed by 1 pip! The mathematical probability to project targets between 1-3 pips of deviation is infinitesimal – meaning totally impossible! Unless the ratio’s used are in sync with greater mathematical laws. These laws are what WaveTrack has studied in the last 30 years. They are more than fascinating!

As a result the AUD vs USD Forecast testifies to the value of fib-price-ratio measurements that, correctly applied, can sharpen the awareness in terms of pattern/price-convergences. Only too often we see that patterns terminate at important fib-price-ratio support/resistance levels. This is an invaluable clue for someone trying to figure out the structure of a pattern. Hence, this is what we call the next level of Elliott Wave!

How to apply Fibonacci-Price-Ratios?

Watch our Fib-Price-Ratio video to see how these measurements are applied. These videos are gems of know-how for those who have eyes to see! WaveTrack’s first Elliott Wave Academy video

Keep tuned for more updates!

Ensure you’re tracking our forecasts – subscribe online for the EW-COMPASS REPORT.

Visit us @ www.wavetrack.com

Category: AUD vs USD, AUDUSD, Elliott Wave, Elliott Wave Charts, fib-price-ratio, Fibonacci Trading, forex, FX

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