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Brent Crude: Wave 3 Looks Close to Done
Brent looks close to completing wave 3 of an impulse. I expect a wave 4 pullback before a potential move to $130, with invalidation at $96.60.
John Nwatu MSTA CFTe
2 days ago2 min read


Nasdaq 100 (NQ1!) Short Trade Plan: Elliott Wave Top and ROC Divergence
Published: 22nd October 2026 The Setup The Nasdaq 100 may have completed its rally. The Elliott Wave count shows five waves to the upside, which can mark the end of a trend. What the Daily Chart Shows Five waves complete. The advance from the April low has five clear waves, with wave 5 peaking in early October. Momentum divergence. Price made a higher high in October, but the ROC indicator made a lower high. Momentum is weakening as price rises, which often comes before a rev
John Nwatu MSTA CFTe
6 days ago1 min read


Copper — Why It Could Fall from Here
Published: 7th October 2026 The Situation With Copper Copper looks set to fall. The supply shortage that drove prices up is easing, demand from China is weak, and the chart suggests the rally is running out of steam. Waiting for confirmation before entering. Why Copper Could Fall 1. The supply squeeze is fading. For months, physical copper was scarce, which pushed prices up. That scarcity is now easing fast. A key market signal (the gap between today’s price and the three-mon
John Nwatu MSTA CFTe
Oct 72 min read


DXY - US Dollar Price Rally — Bias Flip to Long
Published: 24th September 2026 The Reassessment The initial bias on the dollar index was bearish, anticipating a move lower. Price has instead pushed higher and retraced to a point where that count is more likely wrong. Rather than force the original thesis, the read has been revised. The New Count Price action now looks like a complex correction rather than the start of a fresh downtrend. The structure suggests there is potentially one more wave to the upside, targeting the
John Nwatu MSTA CFTe
Sep 241 min read


Bitcoin (BTC/GBP) — Correction Before the Next Leg Higher
Published: 11th September 2026 The Setup Bitcoin against the pound is in the middle of a corrective phase, and the structure suggests a buying opportunity may be setting up on the next dip. The 8-hour chart shows a completed five-wave impulse into the wave 1 high, with price now working through a corrective wave 2 pullback before what could be the next leg higher. The Technical Case The impulse structure is clear on the 8H timeframe. Waves i through v completed the initial ad
John Nwatu MSTA CFTe
Sep 112 min read


Trade Opportunity — EUR/NOK Short
Published: 22nd May 2026 Background EUR/NOK was identified in last week’s market report as a structural short opportunity. Norwegian krone strength underpinned by energy exposure and Norges Bank hawkishness, set against euro weakness driven by Eurozone underperformance and oil price sensitivity. The technical picture has now confirmed the setup. The Technical Case The daily chart shows a completed five-wave impulse to the downside followed by a three-wave corrective pullback.
John Nwatu MSTA CFTe
May 221 min read


Trade Opportunity — DAX Long
Published: 21st May 2026 Background Last week’s market report identified the DAX as a potential short — the thesis being that rising oil prices, driven by Strait of Hormuz uncertainty, would weigh on European equities through higher energy costs. That hypothesis has not played out. Oil prices have declined, and European stocks have responded in the opposite direction, presenting a clear technical buy opportunity on the DAX. The Technical Case The daily chart shows a completed
John Nwatu MSTA CFTe
May 211 min read

Trends x Waves
Technical market analysis of key financial markets
Welcome to Trends x Waves, where we simplify market analysis and provide insights on the potential direction of key markets. The approach applied is primarily Elliot Waves with additional trend and momentum analysis to validate the direction of the market.
No views or insights provided on this site should be taken as financial advice.
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