Hello Traders, In this Elliott Wave analysis, we will have a look at Bitcoin in the 1-hour time. Bitcoin ended the cycle from 05/05/18 peak at 06/24/18 low and it is currently correcting the cycle from 05/05/18 peak in 7 or 11 swings, targeting the equal legs from 06/24/18 low towards 7289.04-7529.43 areas before it can turn lower again. The cryptocurrency...
Hello Traders, In this Elliott Wave analysis, we will have a look at EURJPY in the 1- hour timeframe. EURJPY short-term suggests that the decline to 126.63 on 6/19 low ended blue wave (2) pullback. Up from there, blue wave (3) remains in progress as Elliott wave impulse. The internals of red wave 1 is unfolding as a leading diagonal with sub-division of...
Hello Traders, In this Elliott Wave Analysis, we will have a look at the Hang Seng Index. Short-term view suggests that the rally to 31521.13 high on 6/07/2018 peak ended blue wave (2). Down from there, the decline to 27990.45 low is proposed to have completed blue wave (3). The internals of blue wave (3) unfolded as Elliott Wave Impulse structure with...
Hello Traders, In this Elliott Wave analysis, we will have a look at the SPX Index. SPX short-term suggests that the rally from 4/02/2018 low to $2792.25 ended the blue wave (1). Down from there, correction against that cycle remains in progress in 3, 7 or 11 swing structure. Also, it’s important to note here that the decline from $2792.25 peak shows an...
Hello Traders, In this Elliott Wave Analysis, we will have a look at Facebook in the 1-hour chart. Short-term Elliott wave analysis suggests that the rally to $203.55 ended in black wave ((1)). Down from there, the pullback in black wave ((2)) remains in progress in 3, 7 or 11 swings to correct cycle from 3/26/2018 low. The internals of that pullback shows an...
Hello traders, In this Elliott Wave analysis, we will have a look at Bitcoin In the 1-hour time. Bitcoin ended the cycle from 05/05/18 peak at 06/24/18 low and it is currently correcting the cycle from 05/05/18 peak in 3-7 or 11 swings before it can turn lower again. The cryptocurrency ended the cycle from 05/05/18 peak in blue wave (A) at the low of 06/24/18...
Hello Traders, Today we will have a look at the Dollar Index in the 1-hour chart. The DXY has a bullish sequence in the 1-hour chart suggesting more upside. Dollar index ended the cycle from 06/07/18 low at the peak of 06/15/18 (95.13) in the blue wave (W). From that peak it ended the correction to the cycle from 06/07/18 low at the low of 06/29/18 (94.46) in...
Hello Traders, In this 1-hour Elliott Wave analysis, we will have a look at the CHK stock. Up from 02/09/18 low, CHK it’s proposed to be nesting higher, where it ended blue wave (1) at the peak of 02/23/18 (3.45) and blue wave (2) pullback at the low of 03/02/18 (2.76). Up from that low, current view is suggesting that the stock is in a extend blue wave (3),...
Hello Traders, In this analysis, we will have a look at GBPUSD in the 1-hour chart. The pair is correcting cycle from 10/7/16 low within red wave b which is expected to take the form of a zig-zag. Black wave ((A)) ended at 05/21/18 low (1.3201) and black wave ((B)) pullback is proposed to be completed at 06/07/18 peak (1.3473). Below from 06/07/18 peak, it ended...
Hello Traders, In this analysis, we will have a look at XRP/USD in the 4-hour chart. Down from 04/24/18 peak, Ripple is showing an incomplete 5 swings sequence to the downside. Ripple completed the cycle from 04/24/18 in blue wave (W) at the low of 05/29/18 (0.5428). The internals of blue wave (W) unfolded as an Elliott Wave Zig-Zag structure where it ended...
Hello Traders, In this 1 hour Elliott Wave Analysis we will have a look at AUDUSD. The pair ended cycle from 06/06/18 peak (0.7677) at the low of 06/21/18 (0.7344) in red wave A. The internal structure of red wave A unfolded as 5 waves Elliott Wave Impulse. Where black wave ((i)) ended at 06/08/18 low (0.75603). Up from there, it ended black wave ((ii))...
Hello Traders, In this analysis, we will have a look at the Dow Jones 1 hour Elliott Wave chart. Dow Jones ended cycle from 04/02 low (23311) at the peak of 06/11 peak (25417). Below from that peak, the instrument is currently correcting the cycle from 04/02 in 7 or 11 swings before the rally resumes or bounce in 3 waves at least. Down from 06/11 peak, the...
Hello Traders, In this analysis, we will have a look at NZDUSD -0.63% on the 1-hour chart. NZDUSD -0.63% short-term Elliott Wave view suggests that the bounce to 0.7060 high ended intermediate wave (4). Down from there, the decline is unfolding as Impulse Elliott Wave structure where sub-division of the Minute wave ((i)), ((iii)) & ((v)) are unfolding in 5...
Hello Traders, FTSE short-term Elliott Wave view suggests that the bounce to 7904.97 high on 5/22/18 peak ended in black wave ((1)). Below from there, the index is doing a double correction lower in blue (W)-(X) to correct cycle from 3/23/18 low. Down from 7904.97 high, the decline to 7610.66 low ended the first leg of the pullback in blue wave (W) at 05/29/18...
Hello Traders, In this analysis, we will have a look at the FTSE -0.03% Index in the 4-hour chart. FTSE -0.03% cycle from 2/11/16 low ended at the peak of 01/12/18 (7792.56) in red wave a, and red wave b pullback is proposed to be completed at 03/26/18 low (6869.79). Up from there, black wave ((1)) ended at 7904.55 peak. The rally from 03/26/18 low can be...
Bitcoin is now showing a 5 swing incomplete sequence to the downside from 02/20/18 peak (11751.36), targeting lower levels. Bitcoin ended the cycle from 02/20/18 peak (11751.36) at the low of 04/01/18 (6419.51) in black wave ((W)). Up from there, it ended the correction to that cycle at the peak of 05/05/18 (9956.99) in black wave ((X)). Below from there, it...
Hello Traders, With the recent break below 05/28/18 low (490.42), Ethereum is now showing a 5 swing incomplete sequence to the downside from 05/06/18 peak, targeting lower levels. The cryptocurrency ended the cycle from 05/06/18 peak (840.70) as a zig-zag structure at 05/28/18 low (490.42) in black wave ((W)). Internal blue wave (A) ended at 05/07/18 low...
Dow Jones Futures Elliott Wave view suggests that the pullback to 24227 low on 5/29/18 ended in red wave 4 pullback. Above from there, the rally is unfolding as an impulse Elliott Wave structure with extension in the 3rd wave higher. As an impulse, the internal of Minute degree wave ((i)), (( iii )) and ((v)) should also unfold as an impulse with 5 waves...