Sunday, April 14, 2019

AEX Elliott Wave Musings Update

This update should be read in conjunction with AEX Elliott Wave Musings which was revised on 10 March, 2019.

It presents the tentative Elliott Wave count as I imagine it.

Supercycle Wave 5 up - Cycle Wave 2 down - Primary Wave A down - Intermediate Wave B up. The hypothetical time horizon on the remainder of Cycle Wave 2 down is mid 2021. Ideally Primary Wave A down around mid 2019 targets approximately 430, Primary Wave B up around mid 2020 targets approximately 525 and Primary Wave C down around mid 2021 targets approximately 385.

Above mentioned count is in tatters above 576,90.

For a graphical display look at the AEX Monthly Charts (AEX Monthly Chart I and AEX Monthly Chart II).

Don't hang your hat on this kind of analysis. It will be wrong more often than not. It is only a human and therefore feeble attempt to create some order out of seemingly random market movements.

I don't trade or invest according to these views. For that purpose I only use the Trend Trade & Investment Strategies which are explained at the bottom of this blog. Please also read the disclaimer there.