USDTRY will be making running or expanding flat for the X wave in WXY combo. Looking for longs for the C leg of the flat. We have impulse and correction, watch for breakout to long.
EURUSD is currently in a big correction. We have ending diagonal here watch for breakout and correction for a long trade setup to test the top of the range.
$AMZN short-term Elliott wave view suggests that a decline to $1685.99 low ended black wave ((W)). The internals of that decline unfolded as Elliott wave Flat structure. Up from there, a bounce to $1856.92 high ended black wave ((X)) as Elliott wave zigzag correction. Where blue wave (A) ended in lesser degree 5 waves at $1809.88 high. A pullback to $1734.23 low...
Hello Traders, EURJPY short-term Elliott wave analysis suggests that the decline to 129.13 low ended red wave A. The internals of that decline unfolded in 5 waves impulse structure in a lesser degree cycle. Thus suggests that the pair can be doing a Zigzag correction lower. Up from there, a bounce to 130.18 high ended red wave B bounce as a Flat correction where...
Hello Traders, BAC short-term Elliott wave view suggests that a decline from 8/08/2018 high to $27.64 low ended blue wave (W). The internals of that decline unfolded in 3 swings with the distribution of 5-3-5 zigzag structure. Up from there, a bounce to $29.20 high ended the short-term correction against 8/08/2018 high in blue wave (X) as double three structure....
AAPL short-term Elliott wave view suggests that a rally to $233.53 high ended blue wave (III) as an impulse. Down from there, blue wave (IV) remains in progress as double three structure. Where the initial decline to $212 low ended red wave W The internals of that leg lower unfolded as a Zigzag structure where black wave ((A)) ended in 5 waves at $220.20 low. Up...
USDZAR is correction the impulsive leg down as flat type structure. C leg is still remaining to complete the structure in the B wave of the larger ABC correction. Watch this correction to breakout for long trade to test the top.
Hello Traders, IBEX short-term Elliott wave view suggests that a rally to 9668.31 high ended blue wave (X) bounce. Down from there, the index made a declined in 5 waves impulse structure. And ended red wave A of a zigzag structure at 8850.20 low. Where the lesser degree black wave ((i)) ended at 9471.20 low. Up from there, a bounce to 9542.80 high ended black...
NYSE:F has been in a weekly corrective downtrend for the last 4 years. We finally broke the A wave low. Many analysts consider this a "strong sell". Now will crowd psychology think this price is a bargain and start buying? WIll the funds do the same thing? Time will definitely tell! Personally I will be looking for any chance to go long, as long as there is a...
Hello Traders, EURUSD short-term Elliott wave view suggests that the decline to 1.1427 low ended cycle red wave II pullback. The internals of that pullback unfolded as a Flat structure which ended the correction against 8/15/2018 low. Up from 1.1427 low, the pair is expected to resume the next leg higher in red wave III. The internals of wave III is expected to...
Hello traders, OIL short-term Elliott wave view suggests that a rally to 76.31 high ended the cycle from 8/15/2018 low in blue wave (1). The internals of that rally higher unfolded in a corrective structure thus suggests the instrument can be doing ending diagonal structure in black wave ((5)) higher. Down from there, blue wave (2) pullback remain in progress in...
Hello Traders, SPX short-term Elliott wave view suggests that a rally to $2941.42 high ended black wave ((B)) bounce. Down from there, black wave ((C)) remain in progress as impulse structure. Where initial decline to $2912.63 low ended black wave ((i)). A bounce to $2939.86 high ended black wave ((ii)). A decline to $2883.92 low ended black wave ((iii)), black...
Hello Traders, DAX short-term Elliott wave view suggests that the decline to 11865.47 low ended blue wave (W). Up from there, the bounce to 12460.67 high ended blue wave (X). The internals of that bounce unfolded as a zigzag structure where red wave A ended at 12184.41 high in lesser degree 5 waves. A pullback to 12064.41 low ended red wave B in 3 swings. While a...
Hello Traders. AUDUSD short-term Elliott wave view suggests that the bounce to 0.7316 high ended blue wave (X). Down from there, blue wave (Y) remain in progress as a zigzag structure. Where initial decline to 0.7049 low ended in 5 wave’s impulse structure & also completed the black wave ((a)) lower. Also, it’s important to note that the pair is having a bearish...
Hello Traders, TSLA short-term Elliott wave view suggests that the rally to $317.51 high ended blue wave (X) bounce. The internals of that bounce unfolded as zigzag structure where red wave A ended in 5 waves at $302.64 high. Down from there, red wave B pullback ended as a Flat at $260.56 where lesser degree black wave ((a)) ended at $275.50. Black wave ((b))...
Hello Traders, Oil Near-term cycle from 09/07 low (66.83) ended at the peak of 10/03 (76.93) in red wave 3. The internals of that move unfolded as an Elliott Wave ZigZag structure (5-3-5). From 09/07 low it ended black wave ((a)) at 09/24 peak (72.72) as a 5 wave move. Below from there, it ended black wave ((b)) pullback at 09/27 low (71.72) as triangle...
EURJPY ended the cycle from 09/10 low at the peak of 09/21 (133.121) in red wave 3. Below from there it is correcting the cycle from 09/10 in red wave 4 in the sequences of 3-7 or 11 swings. The pullback in red wave 4 is currently suggesting that it is unfolding as a Elliott Wave Double correction. The first leg lower from 09/21 peak ended black wave ((w)) at...
XLY ended the cycle from 08/02 low (109.99) at the peak of 09/20 at 118.23 in blue wave (3). Below from there, the ETF has been correcting that cycle in the sequences of 3-7 or 11 swings. From 09/20 peak XLY has reached the equal legs area towards 115.55-114.95. The internals of that pullback has been unfolding as an Elliott Wave A-B-C correction. The first...