AEX - To the horses!!!

        As you've noticed, I prefer to analyze and trade not as "famous" instruments, as DJIA or SPX ets. Why? The answer is - there is a lot of "noise" there, because they are the most traded instruments in the world.
        Isn't the most important thing for us- the "market speculators", to find out where are the most reliable patterns, and signals to trade or invest in ??? . Most important thing for us is to make cash, alongside with satisfying our EGO, make us feel proud of our selfs.
        I can assure you, there are many not so "famous" instruments, who paint very clear and reliable wave patterns, and give reliable signals, worth to be traded. It doesn't make sense to follow, and chase only one instrument, wherever it goes.
      Few years ago I had such a bad experience, when I was chasing only one.Then I felt I had the duty to be in the GAME all the time. Suddenly one day I found my trading account empty. That is one of my stories.

My preferred count about AEX is 5 waves as an "expanded leading diagonal". Alt one is for a complex (W)(X)(Y). One"zig-zag" is completed and (C) wave of the second one is underway.
           The current move has corrected the pattern to 38.2%Fibonacci, which forced me to open short position. The red bear line stopped the price about now. The first target is around 301.50. If the price action breaks 296.36 resistance, the bears could lead  the price to 286.50, where is my second target.
                                                                Good luck!!!

      

DJIA - Elliott "right look" is missing

I don't know what is next, but current picture here doesn't look impulsive. In one of my posts  since 20 Dec, I mentioned that H&S target hasn't met yet. I still don't know if the price gonna chase that target from here. I need more confirmations to claim the bull rally.

AEX - Elliott Wave Analysis

I respect AEX Index a lot, because it's Dutch. Maybe, some of you don't know the fact, that the  word "BOURSE" comes from HOLLAND in 17th century, but this is other theme. Some day I'll tell you the whole story.
So AEX, like it's European fellows DAX and STOXX50 has painted something, which was worth to involve me in trades - "C" wave of the "zig -zag". Usually I don't trade corrections, except when I am in a good trading condition.The pattern I have labeled as (1) wave looks like an "expanded leading diagonal".
The price already met my first target and 38.2% Fibonacci, painting complex correction. I still don't know if the price going further to 61.8% Fibo or not. It is possible channel line back test as well, which will be close 61.8% retrace. I think better get out, and prepare my mind for bear dance.

100 free charts & analysis -fresh from EWI

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DAX-Elliott wave update

                                                                  
                                                                    Good luck!