Crude Oil forecast as of 02/24/2009

QMJ9 – The bearish scenario is still higher rated, but this week Elliot shows again the consolidation scenario as well. So to keep it more interesting, we are looking at the consolidation scenario closer, as the bearish scenario remains the same.

Market is in the process of “Zig-Zag” (ZZ) 2nd wave in the range of 56.47 – 91.70 but more likely in the FL 3rd wave range (45.37 – 57.84) by April 29th.
Market move below 34.00 makes continuous down move more likely.

qmcontinues-090224_blog

Zig-Zag is a three wave pattern, where 1st and 3nd wave is Impulse and the 2nd wave is corrective in nature.

Gold forecast as of 02/24/2009

Gold – Elliott shows, that market is in the process of “Double Zig-Zag” 3rd wave in the range of 986.37 – 1094.39 between February 9th and March 16th. Market has reached the likely price and time box.

gold5-090224_1_blog

Looking at the last wave Elliot shows completed “Zig-Zag”, making it even more likely that the move up is done. Market move below 920 confirms that up move is done.

gold5-090224_2_blog

Double Zig-Zag is a three wave pattern, where 1st and 3nd wave is Zig-Zag and the 2nd wave is corrective in nature.

British Pound forecast as of 02/24/2009

GBPUSD – Elliott shows that market is in the process Zig-Zag (ZZ) 3rd wave in the range of 1.3040 – 1.3336 between January April 1st and June 25th . Market move above 1.5000 make this combination less likely.

gbpusd5-090224_blog

Zig-Zag is a three wave pattern, where 1st and 3nd wave is Impulse and the 2nd wave is corrective in nature.

Euro forecast as of 02/24/2009

EURUSD – Elliott still shows the same “Zig-Zag” (ZZ) 3rd wave like last week. Looking at the 3rd wave closer, it appears that the market is in the process of
“Impulse” (IM) 3rd wave in the range of 1.1206 – 1.2311 between February 10th and March 5th.
Market move above 1.3200 makes this less likely.

eurusd5-090224_blog

Impulse is a five wave pattern, where three waves (#1,3,5) are impulsive in nature and two waves (# 2,4) are corrective in nature.

Crude Oil forecast as of 02/17/2009

QMF9 – Elliott shows currently only the bearish scenario but it is still equally likely that the market is in consolidation.

Market is in the process of “Zig-Zag” (ZZ) 3rd wave in the range of 18.39 – 19.02 between March 17th and May 25th .
Market move above 50.00 makes consolidation more likely.

qmcontinues-090217_blog

Zig-Zag is a three wave pattern, where 1st and 3nd wave is Impulse and the 2nd wave is corrective in nature.

Gold forecast as of 02/17/2009

Gold – Elliott shows, that market is in the process of “Double Zig-Zag” 3rd wave in the range of 986.37 – 1094.39 between February 9th and March 16th.
Market is in the likely time range and almost in the likely price range, hence market move below 900 might signal that up move is done.

gold5-090217_blog

Double Zig-Zag is a three wave pattern, where 1st and 3nd wave is Zig-Zag and the 2nd wave is corrective in nature.

British Pound forecast as of 02/17/2009

GBPUSD – Elliott shows that market is in the process Zig-Zag (ZZ) 3rd wave in the range of 1.3040 – 1.3336 between January April 1st and June 25th . Market move above 1.5000 make this combination less likely.

gbpusd5-090217_blog

Zig-Zag is a three wave pattern, where 1st and 3nd wave is Impulse and the 2nd wave is corrective in nature.

Euro forecast as of 02/17/2009

EURUSD –Elliott shows that market is in the process of “Zig-Zag” (ZZ) 3rd wave in the range of 0.9766 – 1.2458 between January 29th and April 22 nd. As market is in the likely time range and almost in the likely price range, then market move above 1.40 makes it possible that the move down is done.

eurusd5-090217_blog

Zig-Zag is a three wave pattern, where 1st and 3nd wave is Impulse and the 2nd wave is corrective in nature.

Crude Oil forecast as of 02/10/2009

QMF9 – Elliott shows currently only the bearish scenario but it is still equally likely that the market is in consolidation and last week’s consolidation is in the process.

Market is in the process of “Zig-Zag” (ZZ) 3rd wave in the range of 18.39 – 19.02 between March 17th and May 25th .
Market move above 50.00 makes last week’s consolidation more likely.

qmcontinues-090210_blog

Zig-Zag is a three wave pattern, where 1st and 3nd wave is Impulse and the 2nd wave is corrective in nature.

Gold forecast as of 02/10/2009

Gold – Elliott shows, that market is in the process of “Double Zig-Zag” 3rd wave in the range of 986.37 – 1094.39 between February 9th and March 16th.
Market move below 800 might signal that up move is done.

gold5-090210_blog

Double Zig-Zag is a three wave pattern, where 1st and 3nd wave is Zig-Zag and the 2nd wave is corrective in nature.

WordPress Themes