WaveTrack International

Elliott Wave Financial Price Forecasting

Would you sell it here? (Toyota Motor Corp. Elliott Wave analysis)

by m.tamosauskas| May 14, 2015 | No Comments

Last year we were asking “Would you buy it here?”: http://blog.wavetrack.com/toyota-motor-corp-elliott-wave-analysis/. Soon enough, Toyota Motor Corp. staged an upside reversal signature and the following advance unfolded into a five wave expanding-impulse pattern with completion into the Oct.’14 high of 6559. Remember the triple fib-price-ratio resistance level near 6550? This was almost the exact level there prices stopped advancing and began the 2nd wave balancing process:

150513_Toyota_Motor_Corp

The second wave ended near the fib. 61.8% retracement level setting up the stage for an accelerative wave 3 to begin. The gapping-up price development confirmed this forecast. Today the entire five wave sequence in minor degree is shown has completed into the recent high of 8783:

150513a_Toyota_Motor_Corp

Again, it was easy to forecast basis two converging fib-price-ratio measurements that provided a strong resistance. Now we asking another question: “Would you sell it here?”.  Our Elliott Wave analysis suggests the risk is huge for a larger decline beginning very soon.

Category: Elliott Wave, Elliott Wave Patterns, fib-price-ratio, Toyota, trading, WaveTrack International

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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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