Hello Traders, Today we will have a look at NASDAQ in the 1-hour timeframe. Short-term Elliott wave analysis suggests that the decline to $7167.37 low ended blue wave (2) pullback. The internals of that pullback unfolded as Elliott Wave Flat correction where red wave A ended at $7311.50 low. Above from there, the bounce to $7530 high ended red wave B bounce as...
Hello Traders, In this Elliott Wave Analysis, we will have a look at the Bausch Health stock. BHC ended the cycle from 03/01/18 (14.45) low at the peak of 06/13/18 (27.77) in black wave ((1)). Below from there the stock is currently correcting the cycle from 03/01/18 low in 3-7 or 11 swings in black wave ((2)) before more upside can be seen. Near-term BHC ended...
Hello Traders, In this analysis, we will have a look at the Nifty index from India in the 4-hour timeframe. Nifty Elliott wave analysis suggests that the rally to 11171.55 high ended black wave ((3)). Down from there, the decline to 9951.9 low ended black wave ((4)) pullback. The internals of that pullback unfolded as Elliott wave double three structure with...
Hello Traders, In this short-term Analysis, we will have a look at the SPX. SPX Short-term Elliott Wave analysis suggests that the pullback to $2691.80 low on 6.28.2018 ended blue wave (2). Above from there, the rally higher to $2848.03 peak ended red wave 1. The internals of that rally higher took the form as impulse Elliott wave structure where black wave...
Hello Traders, In this Elliott Wave Analysis, we will have a look at Tesla in the 1-hour timeframe. Tesla ended the cycle from 04/02/18 low (245.19) at the peak of 06/18/18 (373.85) in blue wave (1). Below from there, the stock is in the progress of correcting the cycle from 04/02/18 low in 3-7 or 11 swings lower in blue wave (2). The internals of blue wave (2)...
Hello Traders, DAX short-term Elliott wave analysis suggests that the pullback to 6.28.2018 low ended blue wave (2) at 12088.56. Up from there, the rally higher to 12769.8 higher ended red wave 1. The internals of that rally higher took place as impulse structure with internal sub-division of 5 wave structure in black wave ((i)), ((iii)) & ((v)). On the other...
Hello Trades, Today we will have a look at bitcoin in the 1-hour timeframe. Short-term Elliott wave analysis suggests that the decline to $6072 low ended red wave 2 pullback. The internals of that pullback unfolded as Elliott wave Flat correction where black wave ((a)) ended in 3 swings at $6445.31 low. Black wave ((b)) bounce ended in 3 swings at $6820 high and...
Hello Traders, Let's have a look at the Amazon 1 hour chart. Short-term Elliott wave analysis suggests that pullback to $1646.48 low ended blue wave (2). Above from there, the stock is rallying higher in blue wave (3). The internals of that extension higher is unfolding as Elliott wave impulse structure with sub-division of 5 waves. Above from $1646.48 low, the...
Hello Traders, In this Elliott Wave Analysis, we will have a look at Oil. OIL short-term Elliott wave analysis suggests that the rally to $75.31 high ended in red wave III. Down from there, the larger correction in red wave IV is taking place in 3, 7 or 11 swings before Oil resumes higher. The internal of the first leg of the decline from $75.28 high took place...
Hello Traders, Today we will have a look at the VOX ETF in the 1-hour chart. Near-term the ETF ended the cycle from 06/28/18 low (84.09) in blue wave (1) at the peak of 07/12/18 (88.26). The internals of blue wave (1) unfolded in a 5 waves Elliott Wave impulse with an extended red wave 3, where it ended red wave 1 at the peak of 06/28/18 (85.43) and red wave 2...
Hello Traders, In this Elliott Wave Analysis, we will have a look at Amazon. Short-term it is suggesting that the cycle from 6/25/2018 low ($1646.31) is rallying higher in an impulse structure. This suggests that the internal sub-division of each leg higher is unfolding as 5 waves structure of lesser degree i.e black wave ((i)), ((iii)) & ((v)), whereas wave...
Hello Traders, In this Elliott Wave Analysis, we will have a look at GBPUSD in the 1-hour timeframe. GBPUSD ended the cycle from 06/07/18 peak (1.3475) in blue wave (1) at the low of 06/21/18 (1.3102). Up from that low, it ended blue wave (2) pullback at the peak of 07/09/18 (1.3364). The internals of blue wave (2) unfolded as a Elliott Wave flat structure....
Hello Traders, In this Elliott Wave Analysis, we will have a look at Oil in the 1 hour chart. The commodity ended its cycle from 8/1/2016 low (39.19) at the peak of 07/03 in red wave III and currently, it is correcting that cycle in 3-7 or 11 swings in red wave IV lower before the rally can resume. Near-term it ended blue wave (W) at 07/12 low (69.23). The...
Hello Traders, In this Analysis, we will have a look at AUDUSD. AUDUSD short-term Elliott Wave view suggests that the decline to $0.7308 low ended blue wave (A) coming from 6/06/2018 peak ($0.7676). Above from there, the 3 waves recovery to $0.7484 high ended in blue wave (B). The internals of that blue wave (B) unfolded as Elliott Wave Zigzag correction where...
Hello Traders, In this Elliott Wave analysis, we will have a look at Bitcoin in the 1-hour time. Bitcoin ended the cycle from 05/05/18 peak at 06/24/18 low and it is currently correcting the cycle from 05/05/18 peak in 7 or 11 swings, targeting the equal legs from 06/24/18 low towards 7289.04-7529.43 areas before it can turn lower again. The cryptocurrency...
Hello Traders, In this Elliott Wave analysis, we will have a look at EURJPY in the 1- hour timeframe. EURJPY short-term suggests that the decline to 126.63 on 6/19 low ended blue wave (2) pullback. Up from there, blue wave (3) remains in progress as Elliott wave impulse. The internals of red wave 1 is unfolding as a leading diagonal with sub-division of...
Hello Traders, In this Elliott Wave Analysis, we will have a look at the Hang Seng Index. Short-term view suggests that the rally to 31521.13 high on 6/07/2018 peak ended blue wave (2). Down from there, the decline to 27990.45 low is proposed to have completed blue wave (3). The internals of blue wave (3) unfolded as Elliott Wave Impulse structure with...
Hello Traders, In this Elliott Wave analysis, we will have a look at the SPX Index. SPX short-term suggests that the rally from 4/02/2018 low to $2792.25 ended the blue wave (1). Down from there, correction against that cycle remains in progress in 3, 7 or 11 swing structure. Also, it’s important to note here that the decline from $2792.25 peak shows an...