The beauty of inversion

The first time we started inverting the charts and carrying them in WAVES.ROM, we had a mixed response from our internal analysts. Few talked about it as a specific tool, which the user may not understand. And few stood by it as a strong bias removing tool both for the user and the analyst. This was a few years ago. We hope that you our valued user have got used to inverted charts and patterns as another way to look at price.
The chart on the left is the BETFI inverted. As you can see, the formation looks more like a corrective. It is overlapping and has not breached 14,000 levels. This corrective is a sideways action, which we consider as a continuation pattern. Continuation pattern extend the previous trends. And in this inverted chart the previous trend is pointing to 20,000 BETFI.
We continue to look at BETFI 20,000. This we won’t call as a bias, but as a clear rule based forecast. Till prices on BETFI breach 14,000 we have no confirmation for BETFI pushing back into 10,000 territory. This issue of WAVES carries many more cases on INVERTED prices on BETC, BET, TEL, TGN, BETNG, BETXT etc.We had a relook and till prices don’t breach key levels and don’t prove us otherwise, there is only one way we are looking after OCT low. Let’s see.
Enjoy the latest WAVES.ROM.
ORPHEUS ROMANIA RESEARCH
WAVES.ROM is a perspective product published on TUESDAY’S and THURSDAY’S. The report highlights Romanian Stock Market top three Equity Indices viz. the top ten blue chip BET Index (.BETI), BET Composite (.BETC), the Financial Index BETFI (.BETFI) and the local currency RON (EURRON=, RON=). The products covers the top ten BET component stocks. (ROMP.BX, SNPP.BX, BATR.BX, BRDX.BX, TSEL.BX, ATBE.BX, BRKU.BX, BIOF.BX, IMPT.BX, TUBU.BX) and all the components of BETFI Financial Index(SIF2.BX, SIF5.BX, SIF3.BX, SIF1.BX, SIF4.BX) are covered in the report. The product highlights Primary (Multi Month) and Intermediate (Multi Week) price trends. The report illustrates key price levels, price targets, price projections and time turn windows. The product uses Elliott waves, traditional technical analysis tools, sentiment indicators and other alternative research tools like INTERMARKET to spot outperformers. WAVES.ROM, CHANNELS.BVB and CHANNELS.RASDAQ are bundled together as PERSPECTIVE products. Unlike WAVES which focuses more on blue chips, CHANNELS covers all the BVB and RASDAQ stocks.
REUTERS COVERAGE .BETFI, TUBU.BX, TSEL.BX, SNPP.BX, SIF5.BX, SIF4.BX, SIF3.BX, SIF2.BX, SIF1.BX, ROMP.BX, IMPT.BX, BRKU.BX, BRDX.BX, BIOF.BX, BATR.BX, ATBE.BX,.BETFI)
ORPHEUS RESEARCH AT REUTERS – UNITED KINGDOM
ORPHEUS RESEARCH AT REUTERS – USA