EUR/USD M30 Update

Is wave 4 in place?

Target is still 1.3280.

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/eurusd-m30-update_18.html

EUR/AUD H1 & H4 Update

I have been expecting more downside pressure on this par mostly due to the sharp and sudden wave 2 progression but this wave developmant leaves no doubt about what is going on after all bearish levels have been invalidated.

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/euraud-h1-h4-update_18.html

USD/CHF H4 Update

So,
It starts to  look like wave 3 in progress (or wave C).

Time will tell, but so far we got a resonable target for wave 5.

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/usdchf-h4-update_18.html

Gold XAUUSD H4 Update

Impulsive bullish count has been invalidated, so bearish alternative count is in play.
Target for wave C is 55 min.

Take care,
Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/gold-xauusd-h4-update_18.html

EUR/USD M30 & H1 Update

Last Fib Time Cluster worked well as a resistance in time but price did not make new high and it looks like this clusters were just a general resistance/support levels in time because EUR/USD is still in narrow correction cycle.

I've decided to move wave 3 at the top of the spike because wave b seems to be out of place: too short and much of an impulse looking wave really. Anyway it is hard to say due to the gap. Default treatment of the gap for me is as an impulsive wave and this is why alt:5 label is there on the top as well.

Nevertheless, I expect some kind of spike to the upside that I will treat as a wave 5 before some serious coorection will take place.


Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/eurusd-m30-h1-update_18.html

NASDAQ Futures H4 Update

Let's continue with this Leading Diagonal Wave 1 count and see where it gets us.


Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/nasdaq-futures-h4-update_18.html

Crude Oil H4 Update

The dominant cycle on Crude seems to work very well here. As per indication the top should be in place for wave 3 and 61%Fibo Ret level should't be breached.

Overall count is bearish but lack of implulsive development put this labeling into question if SUPPLY level is broken to the upside.


Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/crude-oil-h4-update_18.html