Dow Analysis - EWT Count 3

This is the third count and seems favourite in my opinion. The count here would be we're in the 3rd wave of major wave 1 down. 3 of 3 of 1 of P3

The others indices seems to back this count up too with the FTSE and Dax playing out a very similar scenario. Also we have a 3 candle swing on the daily chart which suggests carnage is right round the corner

Dow Analysis - EWT Count 2

This has been my primary count but i find it in serious doubt now. The current count would suggest we're in a wave 2 correction and the drop would be Wave B down, possibly even testing the lows as a Flat. But the strength of the drop has left doubts in my mind to as to whether this is a B wave. Also the break down looks like a bear flag broken which is likely to lead to steeper drops

Dow Analysis - EWT Count 1

This count suggests the Wave 5 of 1 is underway. The fibs work well on this count, Wave 2 retraced wave 1 by roughly 61.8 (taking closing prices and exlcuding that wild spike down). Wave 4 retraced Wave 3 by 38.2% which is the norm for Wave 4 to so too.

LIVE TRADE - GBP/USD - closed

Limit hit 100pips profit (at fligging last!)


Will post some Dow counts and maybe others if i have time over the weekend. have 3 possible counts and the bears seems in control

Dow Analysis

LIVE TRADE - GBP/USD

Short 1.4613. Limit 1.4513. stop 1.4748

Dow Analysis

The ewt count post last Thursday is still on track. As thought, we had a bounce for Wave B of the zigzag in the low 10000s. Now we have Wave C of the zigzag under way and im looking at at 50% retrace of the drop. This is also the area where A = C .