Saturday, September 12, 2009


There's a good chance the eur/usd pair is topping. In the bigger picture ( daily ) a triangle seems to be unfolding.

Looking closer to wave C (of the wave B triangle) we can see that the triple three combination, WXYXZ, is probably complete. Inside wave Z, wave Y is at 100% FIB extension, which is a casual target for double three combinations. Yes, a double three inside a triple three, just to keep things simple.

Saturday, August 22, 2009

Eur/Usd Daily

I'm looking for 1 more high to finish the last leg in the ending diagonal wave C. Another possibility is that wave 5 is allready finished and the leg down from the top is a wave 1 with and expanded wave 2 correction, if this is the case, no new high should be made and a new downtrend will start soon.

Monday, August 10, 2009

Gold 4 Hours

Gold has rejected the 61.8% first now the last fibonacci at 76.4 has been rejected also. I am looking for a break of the rising trendline first and then i'm expecting a break of the previous low ( red line ).

Wednesday, July 8, 2009


Gold is playing out like expected. I'm looking for one more low before we go back up a bit.

Thursday, July 2, 2009

Saturday, June 27, 2009

Gold 2 hours

Looks like gold is going lower 1 more time for a wave 5. There was a breakout of the trendline but price is now back under that TL.

Saturday, June 13, 2009

USD/JPY 1 Hour

Here's a close up of the wave D of the bigger triangle. Looks like price is in a small wave 4 ( of C ) triangle. There is a possibility that wave D is complete allready, instead of counting it as an ABC, I would count it as a WXY, where the latest high (indicated on the chart below as wave 3) would be the end of wave D. In other words, this pair is topping with a good possibility of 1 more high. After this "top" price should delcine one more time (wave E) to finish the big triangle.

Sunday, June 7, 2009

Gold 4 hours

Late last week we broke through the rising trendline. I'm looking for a retest of the trendline early this week, followed by a decline in price for the second half of the week. This could be the start of a big decline, it could go to test the 864 low pretty fast.

Friday, May 29, 2009


If the triangle scenario holds, this is wave D in the making. Wave Y is 2 times the size of wave W. There's also a nice fib extension after the wave A top, where wave c = 1.618 * wave a (but wave c could possibly not be finished yet).

Wednesday, May 27, 2009

Gold 4 hours

Here's a possibility for gold. Confidence is not very high because of the small wave X.


It's possible that wave c of Y is not yet finished and one more high is required like illustrated in the chart below.

Monday, May 25, 2009


The triangle scenario is still possible as long as price remains above 93.54. Wave C of B has 2 waves down who are about the same size, this 100% fibonacci extension is acting as support and is pretty close to the 93.54 support.

Friday, May 8, 2009


I'm starting to like the idea of a wave B triangle, followed by a short wave C ( 61.8% of A ? ). A flat is still possible aswell.

Tuesday, April 28, 2009

USD/JPY 4 Hour chart

Here's what I'm looking for on USD/JPY. The reason I don't see a top yet is because of the 3 wave action of wave b of B. I was looking for a ending diagonal but since there are only 3 waves, I was forced to review the count.

Friday, April 24, 2009

Gold is clearing up

If wave C is counted correctly, we have eliminated 1 of the 3 scenarios. The 2 remaining scenarios are basicly the same, only thing that will make a difference is if price goes higher then wave B on the chart below. I've added this chart since i have a slight preference for this count since a break of the trendline should be enough to take price above wave b, thus eliminating the 3th scenario.

Sunday, April 19, 2009

Gold is at an important level

We are at a point where we will know very soon what gold will do in the next couple of months. Here are 3 possibilities:

1: Ending Diagonal

From the high a zigzag is complete, where C = A at 860.80. It is very much possible that this is only wave A of the wave 2 correction.

2: Flat Correction, wave C

Wave 3 should finish below or near 860.80. For wave 4, price has to stay below the red line indicated on the chart below. A triangle wave 4 along the rising trendline would fit nicely in this count. The break of this trendline should be voilent and wave 5 would be extended, unless this action is all just wave 1 of C.

3: Flat Correction, wave C

Same like scenario 2 but wave 3 is extended and wave 1 of 3 is nearly finished. Price will run higher (wave 2 of 3) before breaking the rising trendline with a wave 3 of 3.

Tuesday, April 14, 2009

Gold 1 hour

Looking for wave 4 of 3 to end. Count is wrong if price gets above the black horizontal line.

Wednesday, April 8, 2009

Gold and USD/JPY

My attention goes to gold and usd/jpy at the moment. Gold is going down in a wave 3 of 3 and usd/jpy is almost at a possible end of a correction.