Hello Traders,
EURJPY short-term Elliott wave view suggests that the decline to 124.87 low ended blue wave (2) pullback of a leading diagonal structure from 5/29/2018 cycle. Above from there, the rally higher is taking place as Elliott wave zigzag structure within blue wave (3) of a diagonal. In a zigzag ABC structure, lesser degree cycles should show...
Watch for the correction to come to an end on the smaller time frames. Look for an impulsive wave to the upside follwed by an correction to get long on the Buy Set up.
Hello Traders,
In this Elliott Wave analysis, we will have a look at the Technology ETF.
The ETF ended the cycle from 06/28/18 low in red wave 1 at the peak of 07/25/18 (74.26). The internals of red wave 1 unfolded as a 5 wave Elliott Wave impulsive structure. Where black wave ((i)) ended at 06/29/18 peak (70.08), black wave ((ii)) pullback at 07/02/18 (68.73)....
Watch for price to breakout of the corrective channel for a buy set up to finish the Flat correction then the sell set up after the structure is complete
Watch as I explain some basic Elliot Wave Concepts of Corrective Formations and anticipating the next waves. I Also breaks down the idea of an IF-Then-Thought-Process using Elliot Wave and reacting to price.
Hello Traders,
In this Elliott Wave Analysis, we will have a look at the Real Estate ETF (IYR).
IYR ended the cycle from 03/23/18 (72.71) low at the peak of 07/06/18 (82.20) in blue wave (3). Below from there, the ETF ended the correction from 07/06/18 (82.20) peak in blue wave (4) at 79.23 low. Up from there, it broke already to new highs, confirming that the...
There is a strong possibility that we will see a US Dollar Sell off. We have a completed Bearish Bat and price is at a strong level of Supply. Also price is taking the shape of an Ending Diagonal Elliot Wave formation. I am getting out of my long positions where I have been buying the Dollar. Watch for this set up!
