Major Indexes

Major Indexes are in a final 5th of a 5th to finish Supercycle degree 1st waves. 

That means we can be facing huge correction down of min 40% to possible 60%.

Dow Jones, S&P 500, NASDAQ 100, DAX, CAC40 all seems to be in a final stage of their Supercycle degree wave I (which is all trading from the first day ever till the possible top they will make soon).

Only UKX seems to have a different scenario in play, where it possibly finished Supercycle wave I in 2018 and also possibly finished Supercycle wave II correction and is in uptrend in Supercycle wave III, but more probable is that it is still into wave B of the Supercycle wave II which means it still has one wave down (wave C) to finish the correction before continues up with Supercycle wave III. Still stands better than other Indexes.

NIKKEI 225 is also a different story, it is in uptrend since 2009 is about to finish that uptrend at arround 34,600 and enter into correction, but it is of a much smaller degree wave that above mentioned indexes. It will most probably end its correction at 24,000 and continue up.

(Note: corrections are always between 38,2%, 50% and 61,8% of the length of the wave, regardless of the degree of the wave. I wrote 40-60 indicatively, Wave degrees are related to time it takes to finish the wave).

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DISCLAIMER:
Trading involves high degree of risk! Past results are not indicative of future returns. idejan assumes no responsibilities for your trading and investment results. All published here is for educational purposes only and should not be construed as investment advice. I tend to obtain Information from sources believed to be reliable, but I do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the information published here is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein.
© Copyright Dejan Iliev 2021

BTC

BTC seems to be in a larger correction down to 29,221<>26,393.

BTC seems to have finished Cycle wave I and is in a Cycle wave II correction down.

(Note: Cycle wave is a wave that takes one year to several years, or even several decades to finish). 

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DISCLAIMER:
Trading involves high degree of risk! Past results are not indicative of future returns. idejan assumes no responsibilities for your trading and investment results. All published here is for educational purposes only and should not be construed as investment advice. I tend to obtain Information from sources believed to be reliable, but I do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the information published here is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein.
© Copyright Dejan Iliev 2021

GOLD

In my previous post on Saturday, October 10, 2020 I wrote:

Gold to min 1700 before continuing up to targets above 3000.

Any immediate break above previous high @ 2,089 will target min 2,373<>2,421 which could be end of wave 5, meaning we could than expect much bigger correction, ie 1,500<>980.

However, I am not convinced this ongoing correction is over and we have a continuation up. So, on the down side, break bellow 1,673 could mean down to 1,595 to 1,359 to then target 2,373<>2,421.

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DISCLAIMER:
Trading involves high degree of risk! Past results are not indicative of future returns. idejan assumes no responsibilities for your trading and investment results. All published here is for educational purposes only and should not be construed as investment advice. I tend to obtain Information from sources believed to be reliable, but I do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the information published here is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein.
© Copyright Dejan Iliev 2021