Short Term Elliott Wave view in Apple (AAPL) suggests the decline from 7.20.2023 high ended at 171.74 as wave a. The internal subdivision of wave a unfolded as a 5 waves impulse. Wave b corrective rally is now in progress as a zigzag Elliott Wave structure. Up from wave a, wave 1 ended at 173.35 and wave 2 ended at 172.43. Wave 3 higher ended at 175.49, pullback...
Short Term Elliott Wave view in Dow Futures (YM_F) suggests that cycle from 7.27.2023 high is mature and about to complete soon as 5 waves impulse. Down from 7.27.2023 high, wave ((i)) ended at 35076 and rally in wave ((ii)) ended at 35660. Index extended lower in wave ((iii)) as another impulse in lesser degree. Down from wave ((ii)), wave (i) ended at 35115 and...
Short Term Elliott Wave view in S&P 500 ETF (SPY) suggests the decline from 7.27.2023 high is in progress as a double three Elliott Wave structure. Down from 7.27.2023 high, wave ((a)) ended at 444.96 and rally in wave ((b)) ended at 451.7. The ETF then extended lower in wave ((c)). Down from wave ((b)), wave (i) ended at 443.35 and rally in wave (ii) ended at...
Short Term Elliott Wave structure in Gold (XAUUSD) suggests the rally in Gold on 7.27.2023 high ended wave 2. The metal now extends lower in wave 3 a 5 waves impulse. Down from 7.27.2023 high, wave ((i)) ended at 1942.1 and wave ((ii)) rally ended at 1972.35. Down from wave ((ii)), wave (i) ended at 1929.2 and wave (ii) ended at 1946.55. The 1 hour chart below...
Short Term Elliott Wave structure in Nifty suggests cycle from 7.20.2023 high is in progress as a double three structure. Down from 7.20.2023 high, wave (a) ended at 19615.95 and rally in wave (b) ended at 19876.55. The Index then extended lower in wave (c) towards 19296.45 and it completed wave ((w)) in higher degree. The Index then corrected in wave ((x)) as a...
Silver (XAGUSD) cycle from 5.5.2023 high remains in progress with extreme area target of 18.78 – 21.26. Near term, cycle from 7.27.2023 high is in progress as a 5 waves impulse Elliott Wave structure. Down from 7.27.2023 peak, wave ((i)) ended at 24.03 and wave ((ii)) rally ended at 24.85. The 1 hour chart below shows the wave ((ii)) starting point. The metal then...
Tesla (TSLA) cycle from July 19, 2023, high remains in progress. The cycle has a 100% – 161.8% Fibonacci extension area target of 198.9 – 227.6. Near term, cycle from July 31 high is in progress as an impulse Elliott Wave structure. Down from July 31 high, wave ((i)) ended at 250.49 and wave ((ii)) rally ended at 264.79 as the 30 minutes chart below shows. The...
The short-term Elliott wave view in GDX suggests that the cycle from the 5 May 2023 peak is showing a 5 swings lower low sequence in higher time frame charts. Supporting more downside in the instrument. The decline from that peak is unfolding as an Elliott wave zigzag correction where wave (A) ended at $30.11 low. Wave (B) bounce unfolded as a lesser degree flat...
The short-term Elliott wave view in S&P 500 (SPX) suggests that the rally from the 3.13.2023 low unfolded as a 5 waves impulse structure. Up from 3.15.2023 low, wave ((i)) ended at $4186.92. Dip in wave ((ii)) ended at $4048.28 low and the rally to $4458.48 high ended wave ((iii)). Down from there, the pullback to 4385.05 low & started the wave ((v)) higher. Up...
The short-term Elliott wave view in the OIL futures ($CL_F) suggests that the cycle from the 12 June 2023 low is unfolding in an impulse sequence that supports more upside in the instrument. Up from that low, the wave ((i)) ended at $72.72 high in a lesser degree 5 waves. While wave ((ii)) ended at 67.05 low and wave ((iii)) also unfolded in a lesser degree 5...
The Short term view in Nikkei futures ticket symbol: $NKD_F suggests that the index is doing a bigger pullback in wave (4) to correct the cycle from the 03 January 2023 low. The index is expected to find the extreme in the pullback soon. Before it can start the next leg higher or it does a 3-wave reaction higher at least. So far the pullback from the peak is...
The Elliott wave view in the CHFJPY suggests that the pair should remain supported in 3, 7, or 11 swings & extend higher. Because the main cycle from the 13 January 2023 low is having a higher high impulse sequence favoring more upside to take place. Within the short-term sequence, the pullback in wave 4 unfolded as an expanded flat correction where wave ((a))...
The short-term Elliott wave view in NVDA suggests that the stock has ended the cycle from the 22 February 2023 low in 5 waves impulse sequence within bigger wave ((3)) at $480.88 high. Now, while below there the stock is doing a pullback lower in wave ((4)). To correct that cycle in 3, 7, or 11 swings before the upside resumes again. So far the pullback is...
The short-term Elliott wave view in GBPJPY suggests that the pullback to 176.26 low ended larger degree wave (4). While the pullback unfolded as a zigzag structure where wave A ended at 179.45 low. Wave B bounce ended at 182.52 high and wave C managed to reach the 177.65- 174.63 100%-161.8% Fibonacci extension area of A-B. From there, the pair started the next leg...
Short Term Elliott Wave view in DAX suggests that a index ended wave (3) at 16427.42 high. Down from there, the index made a pullback in wave (4). The internals of that pullback unfolded as a zigzag correction where wave A ended at 15713.70 low. Up from there, the wave B bounce ended at 16209.29 high in a lesser degree 3 wave. And started the C leg lower towards...
Short term view in GBPUSD suggests the rally to 1.3143 ended wave 1. Pullback in wave 2 is currently in progress as a zigzag Elliott Wave structure. Down from wave 1, wave (i) ended at 1.305 and rally in wave (ii) at 1.3126. Pair then declined in wave (iii) towards 1.2867 and rally in wave (iv) ended at 1.2965. Pair made the last leg lower wave (v) towards 1.2839...
Rally in Microsoft (ticker: MSFT) from the 11.4.2022 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from 11.4.2022 low, wave ((1)) ended at 263.92 and pullback in wave ((2)) ended at 219.35. The stock rallies again in wave ((3)) which ended at 366.82 as the 30 minutes chart below shows. Wave ((4)) pullback is currently in progress as a zigzag...
Short Term Elliott Wave view in USDCAD suggests wave 2 ended at 1.338. The pair has extended lower within wave 3 with internal subdivision as a 5 waves impulse structure. Down from wave 2, wave (i) ended at 1.326 and rally in wave (ii) ended at 1.33. Pair then extended lower in wave (iii) towards 1.3139 and rally in wave (iv) ended at 1.3199. Pair made a final leg...