ASX 200

This is in continuation of the earlier analysis done for the index on  25th August (here) and 24th March (here). In the analysis done on 25th August 3 possibilities were  discussed. The price movements since then seem to favor option shown there in red.  

Following is the weekly chart which just indicates the likely direction of price movement. The basis for this assumption is discussed in more detail in daily and hourly charts.

The parts circled red in the daily chart below show the repetitive fractals observed in different time frames. If what happened in January, happens again now,  at the completion of ((ii)) below, we may get a fast move up for wave ((iii)).

Following hourly chart shows wave counts since the bottom made at 4918 on 30 September. The prices seem to be going up in 5 wave impulse waves and going down in 3 waves. This is the reason I am inclined towards thinking that ASX 200 made a major bottom on 30th September.

Conclusion: If the above analysis is correct, now is not the time to be short in Australian stocks, but to carefully take long positions with a view to hold till next signs of reversal.

Walmart

From the monthly chart, Walmart looks like to have completed a very long term uptrend at the top made in Jan 2015. Since the mid 1980's, the stock moved in a perfect Elliott wave pattern as shown below. 

Since Jan 2015, the stock looks to have entered bear market. Following is a five hour chart which shows probable count for an impulse wave down. The reason I prefer this count is because the market was most oversold (in daily chart, not shown here), during the blue wave ((iii)) down. If this count is correct the stock has at least 3 more legs to go down before any meaningful bounce/retracement.

EUR/USD

This post covers the short and long term possible Elliott wave counts for EUR/USD currency pair. 

The monthly chart below shows the possible long term bullish counts for the currency pair. If correct, EUR/USD might have made a long term bottom in March 2015.

 

The weekly chart shows the above wave D in detail. In this, wave c almost equals wave a, while wave b looks like it formed a running triangle.

Going further shorter term the daily chart shows the advance since the bottom made in March. Looks like it may have completed wave 1 of the new upward trend and now correcting in wave 2. There is a possibility that this wave 2 is also now complete or about to complete. Blue wave (c) is 1.38 times wave (a).