COH : Cohlear : Looking for end of wave iv.

**take note below scenario if INVALIDATED if prices break out of $80 - $82 **

Support at $76 Resistance at
$82 Current

Elliot wave count : Completing of Wave iv of wave 3

drilling it down further prices if this scenario plays out is at last stages of a wave 4 formation.

Meaning to say wave 4 has not terminated so if this wave c of wave iv is true then prices could be $74.

Presently prices could be finding the end of wave iv before top of wave V which will then complete Wave 3 of one larger degree.

Prices at the moment could be at the wave c formation of the Wave iii - Wave iv elliot rule of Wave a = Wave c = Approx $7. $7 down from Wave b $81-$7 = $74 So if this scenario plays out accordingly Wave IV will be $74 A good entry for Wave V which will complete the major degree Wave 3



According to elliot rule of 5-3-5 wave count for corrective wave
Currently prices may be tracing the completion of wave ii of C
Before coming down to $74
And thus complete Wave iv of 3

Dow Chemical : Daily Chart : Wave C

Dow Chemical : bearish divergence

GE : support still holding......for now....

Caterpillar : daily Chart

CAT : Caterpillar

DIA : Wave C

GE : target $18.5 if Supports Break.

AudUsd : Top in place ??

Why technicals analysis should not be ignored !

FMG : H&S ??

If H&S formation.
Break of neckline at close of the day.
Projected price target is $5.25

WTW : weight Watchers : Another Look.

Flag ??
Triangle.
Prices supported at $58.
Beware Gap.
Upward bias at the moment.
However Gap may close at some point in time.

UsdChf - 1 hourly Chart

Downward bias to complete trend channel.

SNHY : technical gap.

Bearish reversal
--------------------
1. Shooting Star
2. Bearish Divergence
3. Technical gap
4. All time high

Technical gap :

COH : Bearish Divergence

COH : trading short ?

Stochs : extreme o/b
Corrective a-b-c

An Elliot Perspective on RBA Commodity Prices.

Wave 4 is about 50% point of the current price and the star of the wave at about 35.
Wave structure of 2 & 4 has also satisfy the Elliot rule of alternation.
If one is simple the other complex.
in this case wave 2 is complex and wave 4 deep but simple correction.
Wave 4 has also cut Wave 3 by Fibonacci ratio of 50%.

Looks like we may see multi months correction on commodity prices !!

AudUsd : in a quadrangle...

A straddle candidate.

GE : setup for a break ?

AudUsd - intra day

BGS : looking at the internal structure with 15 min chart

BGS : Possible Angle

BGS : looking for an angle .

Purely technical play.

PEET : purely technical play

PEET : purely technical play.
Gap to close.

Continue : RBA INDEX OF COMMODITY PRICES

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RBA INDEX OF COMMODITIES PRICES

Looks like commodities have reached 5 waves up.
Expect multi year 3 wave down.

Broker report & share price : Any Correlation ??

Below is 2 article on NXS about 1 month apart.
Despite poorer than expected performance
And expectation of losses ahead.
Analyst still maintain a price target of 60cents.
Although the call is neutral now.
What does it mean ??

ARMH : C Wave

Usdjpy- 15mins