WTI Crude Oil Elliot Wave ABC Correction

Looks Like WTI is currently making the corrective ABC  of EW that aims to be completed  between 53 tp 42 Level.

Why I am Bullish on Philippine Stock Market this 2019

My reasons why the Philippine Stock  Market is Bullish this year 2019.

Technical Analysis

> Monthly Chart - Looks like the Lower Trendline of the Uptrend Channel was respected for the third time. There is a rule in Technical Analysis that states it takes at least two bottoms to draw a valid trend line but it takes THREE to confirm a trend line.

> Daily Chart - It seems that the index is consolidating on a triangle pattern (3-3-3-3-3). If we break 7,600 level the PSE index might trade within the range  of 8,000 to 8900 level for 2019.

Fundamental Analysis

> The uptrend will be supported by Lower Inflation Rate on 2019. The main catalyst for this is the continuous declined of oil prices in the World Market. According to BSP the Inflation Rate Forecast for 2019 is 3.5%. (Source: https://business.mb.com.ph/2018/12/02/bsp-sees-lower-2019-inflation/)

>The economy will grow 6.7% . (Source: https://www.reuters.com/article/us-philippines-economy-imf/imf-sees-philippines-gdp-growth-at-6-7-percent-in-2018-2019-idUSKBN1KF0A2?il=0)

Bitcoin / US Dollar (BTCUSD) WAVE 3?

Looks like Bitcoin / US Dollar (BTCUSD)  is going to make the impulse wave 3 with a possible target at 5468.

Greenergy Holdings, Inc. (GREEN) Making Corrective ABC

Looks like Greenergy Holdings, Inc. (GREEN) is currently forming the corrective ABC of Elliot Wave. Watch out 2 to 1.80 level for the possible end of Wave C.

First Gen Corporation (FGEN) Wave 3 is About to End?

It seem that First Gen Corporation (FGEN) Wave 3 is almost over.

PLDT Inc., (TEL) - ABC Correction : Forecast 560 Level

It's seems that Pldt Inc. (TEL) is currently making the corrective ABC correction of Elliot Wave forecasted to end at 560 level in confluence with the Potential Reversal Zone (PRZ ) of a Bullish Shark  Harmonic Pattern.

Philippine Stock Exchange Index (PSEi) Wave 5 Target 8,000

Looks like the Philippine Stock Exchange Index (PSEi) is done with Wave 4 and currently making the impulse Wave 5 with a target of 8,000.

The German DAX Supercyle Wave 4

Looks like The German DAX Supercyle Wave 4 will end at 10,200 level.

Dow Jones Industrial Average Completes Wave 5 of Elliot Wave

It seems that the Dow Jones Industrial Average completed Wave 5 of Elliot Wave and currently making the corrective ABC.

Bitcoin / US Dollar (BTCUSD) Wave 4 is about to end

Looks like Bitcoin / US Dollar (BTCUSD) Wave 4 is nearing  it's bottom. Support is seen at 3190.
RSI is also sitting at support. Bitcoin is seems to continue it's uptrend on the second quarter of 2019.

Philex Petroleum Corporation (PXP) Completes ABC Correction

Philex Petroleum Corporation  (PXP) completed ABC correction.

San Miguel Corporation (SMC) Grand Super Cycle Wave 5

It's seems the SMC is on it's way to  Grand Super Cycle Wave 5 and currently making a expanding Diagonal Triangle.

All Shares Index ABC Correction Finish

It seems that the All Shares Index completed the ABC correction of Elliot Wave in confluence with the completion of a Bullish Alt Shark Harmonic Pattern. All Shares Index  needs to break 4495 to negate the downtrend.
Refer to my previous analysis : http://www.fibonaccitrader618.com/2018/10/all-shares-index-potential-bullish-shark.html

All Shares Index Potential Bullish Shark

It seems that All Shares  Index is currently making a Potential Bullish Shark that aims to be completed between  4215 to 4330 level. This is also in confluence   with the  final wave C of the Corrective  ABC of Elliot wave.

Crude Oil (WTI) Forecast 82 to 108 Per Barrel

Crude Oil (WTI) is forecasted to go to 82 to 108 Per Barrel. If Wave 3 is extended it might go to 108 per barrel.

STI Education Systems Holdings, Inc. (STI) Bullish Cypher

STI Education Systems Holdings, Inc.  (STI) respected the Potential Reversal Zone of a Bullish Cypher Harmonic Pattern. STI also completed the Wave C of the corrective ABC of Elliot Wave.
Profit target 1 at 1.10 then at 1.42.

Asiabest Group International, Inc. (ABG) Bearish Crab

Asiabest Group International, Inc. (ABG) completed a Bearish Crab Harmonic Pattern in confluence with the  end  of Wave 5 of Elliot Wave.

Harbor Star Services (TUGS) Bullish Gartley

Harbor Star Services (TUGS) respected the Potential Reversal Zone of A Bullish Gartley Harmonic Pattern. Pattern. Wave C of the corrective ABC of Elliot Wave also ended.

STI Education Systems Holdings, Inc (STI) Corrective ABC

Looks like the Wave C of the corrective ABC of Elliot Wave is about to end at 0.50 level which is also in confluence with the Potential Reversal Zone (PRZ) of a Bullish Shark Harmonic Pattern.

Philippine Stock Exchange Index (PSEi) Projected to Reach 8070

Looks like  the PSEi gonna reach the initial target of wave v at 8070 by the end of the 3rd quarter.
Immediate support at 7700 and resistance at 7800.