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!
Hello Traders, Dow Futures short-term Elliott wave view suggests that the rally from 6/28/2018 low cycle to 25572 high on 7/27/2018 peak ended red wave 1. The internals of that rally higher took place as an impulse structure with sub-division of 5 waves structure in each leg higher. Down from there, the index corrected the 6/28/2018 cycle in 3 swings pullback &...
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...
As per Elliott Wave theory, wave 4 should not retrace lower than wave 1. Also, we are at 61.8 level, so if the bulls are to take charge, this would be the moment. If you want to get it, wait for some green volume candles to come in and market structure. Risk to new lows.
Many ideas posted about bullish up wave in the flag, but to get to that we need to have a down wave first. Only q? How low will it go? Three possibles depicted here in chart - Fibo .382, .50, .618 retracements. I'm confident we will get back to at least 250 support (former resistance) for a .382 pullback in an Elliott A wave. If investor confidence fails and we...
Look for the ABC Correction to end and a sell opportunity.
Look for price to make an impulsive move to the downside then a correction to get short. I believe price is near the end of forming a correction structure that has taken the shape of a Triangle of Flat, Both will point price to move lower
Watch for USD/CHF to finish the corrective structure which I believe is a running flat. Look for an impulse then a correction to get long and ride the wave up
EUR/USD have been forming a corrective structure. We could be near the end of the scorrection which I believe is a Triangle. Watch for an impulse to the downside then a correction to get short.
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...
If my wave counts are correct, we are finishing up subwave 3 of the a-correction wave. I've adjusted the target of "a" down further since this wave 3 extended further than I predicted. But either way, this is a good looking correction wave. We should bounce back up to the resistance rectangle 78XX for subwave 4 before hitting the 7250 target of wave "a". Than the...
Apple beat their ER expectation - of course, they're a beast. is it enough to save the market? That's the real question. I haven't touched elliott wave count in awhile so I thought I give it a shot. According to the wave count. I see a drop coming in the next week or so. Maybe August will be a weak month after all, now that we're done with all of the FAANG ER's...
Wave 4 correction is over, it was a Flat 3,3,5. Now we head up for the 5th wave, Target 1 9300 - 9400.
We have a pattern of 5 complete waves, which in turn form wave 1 of greater degree, now we are in correction a-b, once the c wave is finished, ideally in 78.6 a perfect Cypher pattern will be formed that will give us a more confirmed entry for wave 2 of greater degree.. also we have 2 magnets in 78.6 level that must be closed
Showing how this weeks currency pairs are playing out for the weeks end.
Some people didn't think a correction was possible. But here we are, couple of days later, and bitcoin made a much needed and healthy correction so far. It seems we are currently working on the 5 of the C wave which could end around the 61.8% fib levels. That would be nicely above wave 1 , so valid according to Elliott rules I will be looking to long when 4 is in...
Some people didnt believe a correction was going to happen. Well here we are, a couple of days later and BTC sure did a nice and healthy correction. And...It looks like the correction almost done ? From what i see we're putting in the 4 of the 5 of the C wave. Logical target for 4 seems to be around the 0.618 fib level which is still above the wave 1 high, so not...
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...