Cycle from March 2020 low in Dow Futures (YM_F) still remains intact as a diagonal 5 waves. In the 60 minutes chart below, we can see wave ((3)) of the diagonal ended at 31188. Wave ((4)) pullback is proposed complete at 29550 as a double zigzag Elliott Wave structure. Down from wave ((3)) high, wave A ended at 30457, bounce in wave B ended at 31017, and wave C...
Silver has made a new 52 week high this week suggesting last year’s correction is over. From the 60 minutes chart below, we can see the rally from January 18 low is unfolding as a 5 waves impulsive Elliott Wave structure. Up from wave ((2)) low on January 18, wave ((i)) ended at 25.56, and pullback in wave ((ii)) ended at 25.01. Wave ((iii)) ended at 25.9, wave...
Short Term Elliott Wave View in EURJPY suggests the decline to 125.07 low ended wave 2. Pair has started to turn higher in wave 3 as an impulsive structure. Rally from wave 2 low unfolded as 5 waves leading diagonal and ended wave ((i)) at 126.66. Up from wave 2 low on January 18, wave (i) ended at 126.21 and pullback in wave (ii) ended at 125.23. Pair then...
Short Term Elliott Wave View in USDJPY suggests the rally from January 6 low is unfolding as a zigzag Elliott Wave structure. Up from January 6 low, wave A ended at 104.39 and wave B pullback ended at 103.3. The 1 hour chart below shows the wave B pullback. The internal subdivision of wave B unfolded as a double three Elliott Wave structure. Down from wave A,...
Short Term Elliott Wave view in Alphabet (ticker: GOOGL) suggests the rally from December 21,2020 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from December 21 low, wave 1 ended at 1788.57 and pullback in wave 2 ended at 1696.10. Wave 3 higher remains in progress as another 5 waves of lesser degree. Up from wave 2 low at 1696.10, wave ((i))...
Short Term Elliott Wave view in General Electric (ticker: GE) suggests the rally to January 13 high at $11.91 ended wave (3). The stock is now in wave (4) pullback and the internal is unfolding as a double three Elliott Wave structure. Down from wave (3) peak, wave ((w)) ended at $11.25, bounce in wave ((x)) ended at $11.65, and wave ((y)) lower ended at $10.87....
Short Term Elliott Wave view in NZDUSD suggests the pair ended wave ((2)) pullback at 0.7093. This pullback ended correction of the cycle from September 24 low. Internal of wave ((2)) unfolded as a double three Elliott Wave structure. Wave (W) ended at 0.7144, wave (X) ended at 0.7239, and wave (Y) of ((2)) ended at 0.7093. Pair has started to turn higher in wave...
Short Term Elliott Wave view in S&P 500 (SPX) suggests the Index ended wave 1 at 3726.70 and pullback in wave 2 ended at 3636.48. Internal of wave 2 unfolded as a zigzag. Wave ((a)) ended at 3685.84, wave ((b)) ended at 3716.65, and wave ((c)) ended at 3636.48. Index has resumed higher in wave 3 with the internal subdivision as a 5 waves impulse. Up from wave 2...
Short Term Elliott Wave view in Ethereum (ETHUSD) suggests the decline to 913.59 ended wave ((4)). The crypto currency has now resumed higher in wave ((5)). Internal subdivision of wave ((5)) is unfolding as a 5 waves impulse Elliott Wave structure. Up from wave ((4)) low at 913.59, wave 1 ended at 152.78 and pullback in wave 2 ended at 985.01. The crypto currency...
Short Term Elliott Wave structure in Dollar Index (DXY) suggests the decline to 89.209 on January 6 low ended wave (3). Wave (4) bounce is currently in progress and the Index shows an incomplete 5 swing sequence from January 6 low, favoring more upside. Internal of wave (4) is unfolding as a double three WXY Elliott Wave structure. Up from wave (3) low at 89.209,...
Elliott Wave structure of the rally in Oil from December 23, 2020 low is unfolding as a 5 waves impulse. Up from December 23 low, wave ((i)) ended at 48.62 and dips in wave ((ii)) ended at 47.18. The commodity then continues the rally higher in wave ((iii)) with subdivision as another impulse in lesser degree. Up from wave ((ii)), wave (i) ended at 50.94 and...
Short Term Elliott Wave view suggests the rally from December 21, 2020 low in Nikkei Futures is unfolding as a 5 waves impulse Elliott Wave structure. Up from December 21 low, wave ((i)) ended at 27715 and pullback in wave ((ii)) ended at 26955. Index then rallied to 27615 to end wave (i) and pullback in wave (ii) ended at 27410. Wave (iii) ended at 28300, dips to...
Short Term Elliott Wave view suggests the rally from September 24, 2020 low in Silver ended wave ((1)) as a leading diagonal. Pullback in wave ((2)) is now in progress as a zigzag Elliott Wave structure. Down from wave ((1)) high, wave 1 ended at 26.58 and bounce in wave 2 ended at 27.35. The metal then extended lower in wave 3 towards 24.45, and bounce in wave 4...
Short Term Elliott Wave view suggests the decline in Ten Year Notes (ZN) from November 20 high is unfolding as a 5 waves impulse Elliott Wave structure. Down from November 20 high, wave 1 ended at 137.075 and bounce in wave 2 ended at 138.08. Wave 3 lower remains in progress and unfolding in 5 waves impulse in lesser degree. Down from wave 2, wave ((i)) ended at...
Bitcoin (BTCUSD) has rallied parabolically since forming the low in March of last year. The rally from 8 September low is unfolding as a 5 waves impulsive Elliott Wave structure. In the 1 hour chart below, we can see wave (3) of this impulsive rally ended at 34800, while pullback in wave (4) ended at 27704. The crypto currency has since resumed higher within the...
Short Term Elliott Wave View suggests the rally from December 21, 2020 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from December 21 low, wave (i) ended at 30198 and dips in wave (ii) ended at 29735. Index then resumed higher in wave (iii) towards 30502, wave (iv) ended at 30166, and wave (v) ended at 30691. This completed wave ((i)) in higher...
Since bottoming on December 1, 2020 low at $1764., Gold has steadily risen. Short Term Elliott Wave View suggests the rally from December 14, 2020 low is unfolding as a 5 waves impulse Elliott Wave structure. In the 45 minutes chart below, we can see wave 1 of this impulse ended at $1906.74 and dips in wave 2 ended at $1855.55. Up from there, wave ((i)) ended at...
Short Term Elliott Wave View suggests the rally from September 25 low in Russell 2000 (RTY) is unfolding as a 5 waves impulse Elliott Wave structure. In the 1 hour chart below, we can see wave 3 of this impulsive rally ended at 2032.3. Wave 4 pullback is in progress with the internal subdivision as a double three Elliott Wave structure. Down from wave 3 high at...