NZDUSD short-term Elliott wave analysis suggests that a decline to 0.6751 low ended blue wave (4) pullback. The internals of that pullback unfolded as double three structure where red wave W ended at 0.6780 low. Up from there, a 3 wave bounce to 0.6852 high ended red wave X. Then finally a decline to 0.6751 low ended red wave Y to completed blue wave (4). Up from...
Hello traders, USDJPY Short term Elliott Wave View in USDJPY suggests that the pullback to 112.27 ended black wave ((x)). Internal of black wave ((x)) unfolded as a zigzag Elliott Wave structure where blue wave (a) ended at 113.07, blue wave (b) ended at 113.7, and blue wave (c) of ((x)) ended at 112.27. Black wave ((y)) rally is now progressing as a double three...
Hello Traders, Cycle from Sept 24 high (1.182) in EURUSD remains in progress as an Elliott Wave impulse structure where black wave ((1)) ended at 1.1214 and black wave ((2)) is proposed complete at 1.147. Pair still needs to break below black wave ((1)) at 1.1214 to validate this view. Until then, we still can’t rule out a double correction in black wave ((2)) in...
CADJPY short-term Elliott wave view suggests that a bounce to 87.00 on 11/08/2018 high ended blue wave (X). Down from there, the decline unfolded as double three structure where black wave ((w)) ended at 85.44 low as zigzag structure. A bounce to 86.35 ended black wave ((x)). Then a decline to 84.61 low ended black wave ((y)) & completed the red wave W lower....
Hello Traders, DAX has broken below Oct 26 low (11051) and suggests that the Index has resumed the decline lower. We are calling the decline from July 27 high (12886.83) as a triple three Elliott Wave Structure where decline to 11051.04 low on Oct 26 ended blue wave (Y) and bounce to 11692.91 high on Nov 2 ended second blue wave (X). Down from 1162.91, short...
Hello Traders, The precious metal group does not get any break in the past 7 years. The move lower has been relentless and rally has been short lived. Silver in particular has corrected 70% from the 2011 high at $50 and still has not shown any sign of serious recovery. Our short term Elliott Wave view suggests that Silver is doing a 5 waves impulsive Elliott Wave...
Hello Traders, Short term Elliott Wave view on Oil suggests that the decline starting from Oct 3 high ($76.9) remains in progress as a 5 waves impulse Elliott Wave structure. Down from Oct 3 high, black wave ((1)) ended at $68.47 and black wave ((2)) ended at $69.66. Black wave ((3)) ended at $54.75 and black wave ((4)) is proposed complete at $57.37. Consistent...
Hello Traders, Short term Elliott Wave view on Nifty suggests that the decline to 10004 on Oct 26 low ended black wave ((2)). This means that Index has ended the selloff which started from Aug 28 high (11760.20). It is currently either in the process of eventually breaking to new high again or at least rallying in 3 waves to correct the cycle from Aug 28 high...
Hello Traders, Short Term Elliott wave view in GBPJPY suggests that the decline to 142.77 ended blue wave (2). Up from there, the pair rallies as an impulse and ended red wave A at 149.49. Red wave B pullback is currently in progress to correct cycle from Oct 26 low (142.77) before the next leg higher. We can see internals of wave A unfolded in 5 waves where...
Hello Traders, Short term S&P 500 (SPX) Elliott wave view suggests that the selloff starting from Sept 21 high (2940.9) has ended at Oct 29 low (2603.54). We take the most aggressive view and call the low at 2603.54 as red wave IV. This suggests that SPX is ready to rally in a new bullish cycle towards a new all time high. However, for this view to gain validity,...
Hello traders, Oil (CL_F) short-term Elliott wave analysis suggests that the decline from Oct 3rd high is unfolding as a 5 waves impulse structure. In an impulse structure, the internals of wave 1, 3, and 5 also subdivide in another 5 waves of lesser degree. With Oil, we propose red wave 3 ended at $62.52 , red wave 4 ended at $64.12, and red wave 5 is still in...
Hello Traders, Apple decline from 10/03 peak (233.43) ended black wave ((W)) at 10/11 low (211.94). Above from there it ended black wave ((X)) pullback at 10/24 peak (224.16). Down from there it ended smaller degree blue wave (W) at 10/29 low (206.17) as flat structure in a lesser degree. Above from there it ended blue wave (X) pullback at 11/01 peak (223.48)....
Hello Traders, Bank of America Elliott wave analysis suggests that a decline to $27.26 low ended blue wave (3). The internals of that decline unfolded in 5 waves impulse structure in lesser degree cycles. Up from there a 3 wave bounce to $29.19 high ended blue wave (4) as double three structure. Down from there, the stock declined lower in another lesser degree 5...
keep in mind, I'm still a bit newer to Elliot waves so its a bit hard for me to draw them "in the dark", so to speak, but I think by tomorrow we will see ETH hit the resistance around 192 and you should probably take a long there for the next uptrend to begin. take this with a grain of salt but tomorrow if you see it happen then you know :D if you want to short...
GBPAUD is in a big monthly corrective structure as WXYXZ triple wave combo prior to which there was an impulsive leg down. There is divergence present the between Y and Z wave indicating the corrective structure is coming to an end. This a good short trade to take, if the trendline below breaks its can be a big move down to test the lows. Watch for break and...
ETH seems to be large corrective flat structure with C leg remaining. Looking for this flat breakout to retest the top here before continuation to downside.
Hello Traders, EURNZD short-term Elliott wave analysis suggests that the decline from 10/08/2018 peak is unfolding as Zigzag structure. Where a bounce to 1.7881 high ended black wave ((ii)), black wave ((iii)) ended in lesser degree 5 waves at 1.7528 low. Black wave ((iv)) ended at 1.7596 high. And black wave ((v)) ended at 1.7493 low which also completed the red...
Hello Traders, IBEX short-term Elliott wave view suggests that a decline to 8850.20 low ended red wave A of a zigzag structure. The internals of that decline unfolded as 5 waves impulse structure where black wave ((i)) ended at 9471.20 low. Black wave ((ii)) ended in 3 swings at 9542.80 high. Black wave ((iii)) ended in lesser degree 5 waves at 8971.30 low. Then...