Dow ALT Count

This count suggests we make one more low for a 5th before rising higher for a bigger wave 2. Also a bear flag which is givng bearish indications

Dow Analysis

This is the count from yesterday which is still valid and markets dropped as thought. Possible c of B wave down to come before making a new high.

There are some alternative counts but will post over the weekend as IG Index platofrm has now gone down

FTSE Analysis

Shows a alternate count which might still be valid, which is a extended 3rd within Wave 1.

Dow Analysis

Im sorry ive barely had time to do analysis these past few months but im looking to get back into this more now.

The graphs illustrated are assuming P3 is under way. The DJIA count shows as the first 5 waves down complete to complete wave 1 of 5 of 1 of P3. im expecting a rally towards 50% to 61.8% of Wave 1 in the form of a zigzag. There is a danger we get a 79% retrace as there is a wave 4 of lesser degree there too.

In the short term Wave A of the zigzag is complete. A 50% retrace of Wave A for Wave B would take it near wave 4 of lesser degree at around low 10000s. Will see if this pans out tomorrow

If the markets stay as volatile as they have been in the past few weeks, expect wild swings both ways, looks very toppy the charts just as when P1 started

LIVE TRADE - AUD/GBP closed

closed for 28 pips loss

LIVE TRADE - AUD/GBP

Long again at 6063. stop at 6015, limit 6163

Reason for trade is bull flag still intact on weekly and we have bounced off the upper channel. nice bull flag on 2hr too

LIVE TRADE - NZD/GBP closed

stopped out for 60pts

LIVE TRADE - AUD/GBP closed

stopped out for 70pts

LIVE TRADE - NZD/GBP

Long 4864. stop 4767, limit 4939

Reason for trade - swing trade setup on daily chart, adx 41, strong on daily.

LIVE TRADE - AUD/GBP

Long 6099, stop 6030, limit 6199

Reason for trade - swing trade setup on 4 hour and bull flag on weekly chart has broken

LIVE TRADE - EUR/GBP

Stopped out for 39pips

annoyingly went 10pts higher than my stop and came crashing down....

LIVE TRADE - closed

AUD/USD limit hit overnight, 56pips profit

LIVE TRADE - AUD/USD

Short the gap 8996

Limit 8940
Stop 9054

LIVE TRADE - EUR/GBP

Short the gap up today at 8698

Limit 8646
Stop 8738

LIVE TRADE - NZD/USD closed

This happened yesterday.

Stopped out 7224. a loss of 54pips

FTSE Analysis

LIVE TRADE - ORDER

To short the FTSE daily at 5566. Stop 5586, Limit 5500

Huge contracting triangle suggests we're coming to the end of a 3rd wave or a C. If its a C then or rock and roll on upwards.

LIVE TRADE - NZD/USD

Long June contract at 7278. Stop 7224, Limit 7328

Reason for trade, the big bear flag on the weekly chart has broken. looking for it to hit support level at the 7328 area