XAG/USD -Elliott wave count

The immediate pressure remains on the downside and we expect further decline twd 15.00. 5 wave impulsive pattern formed yesterday. I doubt a little the corrective move has finished already. However, a classical pattern has formed also ( head & shoulders), which propose the same target as the EWT suggests. Good luck!

S&P 500 Very short term

We  have 5 clear impulsive waves dropping down.The corrective move looks almost done. The signal for one more move down is very reliable.

Good luck!

FTSE100 - Elliott Wave update

As I expected, the corrective move bounced up to the Fibonacci levels (61.8%). With last week's expected pullback, the immediate pressure has shifted on the downside. Trading with slight downside bias, probable dropping can be expected  next couple of days. The price action already made 5 impulsive waves downside about now. We still don't have strong SELL signals.

Good luck !

EUR/USD

This pair is diverging for weeks, and already painted 5 waves up. The correction reached 38.2% Fibonacci, giving me reason to open long position. If it is ordinary "zig-zag" the target is good as well.

EUR/JPY

           In 1 hour time frame the pair has made upside complex (w,x,y,x,z), containing few  "zig- zags".I noticed diverging indicators, which means the bounce up is done about now. There is a good opportunity to short the market. The nearest and most possible target is around 123.00 price.