GBP/USD Wave Analysis Sell Set UpPrice is completing a corrective structure that I believe to be a triangle structure, look for price to have a sell of completing the bigger corrective structure finishing in the blue box.
Elliottwaveretracement
Gold Wave Analysis Multiple Trading OpportunitiesGold is in the middle of a corrective structure. The structure is still forming and it is not yet clear if it is a variation of a Flat pattern or a zig zag. It is clear that price will make an initial sell off to retest the low of the A wave support, then it will either push to the blue box to finish the corrective structure forming a zig zag or it will push back up towards the resistance of the B wave to form a Flat pattern then push lower. After price reach the blue box I am looking for a very strong Impulse wave to finish the Bullish trend
Elliott Wave View: S&P 500 Futures Eyeing New All-Time HighShort term Elliott Wave view on S&P 500 Futures (ES_F) suggests that the rally from March 9, 2019 low (2726.50) is unfolding as a 5 waves impulse Elliott Wave structure. The Index is now within wave (3) which subdivides in 5 waves of lesser degree. In the chart below, we can see wave 3 of (3) ended at 2899.5 and wave 4 of (3) pullback ended at 2877.61.
Short term, index ended wave (3) at 2921.5 peak. Subdivision of wave 5 is unfolded as a 5 waves impulse of lesser degree. Up from 2877.61, wave ((i)) ended at 2900 and wave ((ii)) pullback ended at 2885.25. Rally to 2914.75 ended wave ((iii)), and wave ((iv)) ended at 2900.50. Wave ((v)) of 5 ended at 2921.5. Currently, we are in the pullback in wave (4) to correct cycle from March 25, 2019 low before the rally resumes. The pullback in wave (4) is expected to stay above March 25, 2019 low (2790.25) for further upside. We don’t like selling the Index.
Elliott Wave View: Nikkei Still Missing Wave 5Short Term Elliott Wave view on Nikkei Futures suggests the pullback to 20704 ended wave (2). The Index then resumed higher in wave (3) which ended at 21985. The internal of wave (3) subdivided as an impulse Elliott Wave structure. Up from 20704, wave 1 ended at 21415, wave 2 ended at 20985, wave 3 ended at 21765, wave 4 ended at 21490, and wave 5 of (3) ended at 21985. We can also see the internal of wave 1, 3, and 5 all subdivide as an impulse (5 waves) of lesser degree. This is an illustration of fractal within Elliott Wave where each wave consists of smaller waves and the pattern repeats indefinitely.
Wave (4) dips appears complete after a 3 waves pullback ended at 21588+ blue box area. The internal of wave (4) unfolded as a zigzag Elliott Wave structure where wave A ended at 21735, wave B ended at 21835, and wave C ended at 21565. At this stage, Nikkei still needs to break above wave (3) at 21985 to avoid a double correction in wave (4). While dips continue to stay above wave (2) low at 20704, expect Index to extend higher in wave (5). If bounce from the blue box fails to break above (3) high and it breaks the recent low, then structure of wave (4) should become a double three Elliott Wave structure and would be labelled as WXY. We would be able to define the next blue box area for a bounce if the bounce does fail and breaks the recent low.
Elliott Wave View: Further Strength in FTSEElliott Wave view on FTSE calls the rally from February 28, 2019 low (7041) as an impulse Elliott Wave structure. An impulse is a 5 waves structure with wave 1, 3, and 5 all subdivide in 5 waves of lesser degree. Up from 7041 low, wave 1 ended at 7370.6 and wave 2 ended at 7146.29 and Wave 3 ended at 7477 peak. Up from 7146.29, wave ((i)) ended at 7222.64, wave ((ii)) pullback ended at 7160.14. Index resumes rally in wave ((iii)) at 7461.39, and wave ((iv)) ended at 7420.41 and wave ((v)) of wave 3 ended at 7477.
Index should now pullback in wave 4 before the rally resumes in wave 5. Wave 4 should correct wave 3 rally from 7146.29 low. We don’t like selling the Index and expect buyers to appear to buy dips in 3, 7, or 11 swing as far as pivot at 7146.29 low stays intact.
Elliott Wave View: DJIA Futures (YM_F) Should Extend HigherShort term Elliott Wave view on Dow Jones Future (YM_F) suggests that rally from March 9, 2019 low is unfolding as a 5 waves impulse Elliott Wave structure. In the chart above, we can see wave (2) ended at 25448. Now wave (3) ended at around 26507.
Up from 25448, wave 1 ended at 25823, wave 2 ended at 25744, wave 3 ended at 26289, and wave 4 ended at 26126 and wave 5 of (3) ended at 26507. Below from there it is in the wave (4) pullback before more upside afterwards should be seen. We don’t like selling the Index as the right side is to the upside against 25448 low.
HUGE SHORT IN COMING! DO NOT MISS THIS!
Confirmation
61,8 retracement
Candl stick pattern
------------> SELL
SILVER 4H Running flat correction complete!Silver completed the running flat correction expecting more upside next week.
WAN/BTC 4H buy for retest of the top.WAN/BTC making the B wave of flat.
Look for buys for retest of the top.
VIA/BTC 4H BUYVia/btc 4H buy for C subwave up to complete the larger degree B wave in this correction.
Cron 23mar2019 update @cryptoKnee2 counts, left is weekly and right is daily for each count. Think we coming down for the 4, we are at some channel and PF fork resistance/support, but they are just imaginary lines. Could go deeper then the .5 potentially depending on the market over all. It my go as deep as 15 dollars ish. Deeper than that or even more time sideways may call for a recount. Monday will be telling, me thinks.
Elliott Wave View: Apple Looking for more UpsideAfter topping at $233.47 on October 3, 2018, Apple (APPL) dropped to $142.9 for a staggering 39% decline only within 3 months. From $142 low on January 4th, 2019, the stock has rallied and retraced 50% of the drop at $187.9. We think the decline from $233.47 to $142.9 only ended the first leg wave a. The rally from January 4 low thus is within wave b correction with subdivision as a zigzag Elliott Wave structure.
In the short term chart, we can see that wave (1) ended at 189.26 peak and the internal structure unfolded as an Elliott Wave impulse. Below from there it pulled back to $184.73 and ended wave (2) as an Elliott Wave double structure. Above from there, it made again a new high confirming the next possible extension higher towards 203.06+ areas which is the 4H equal legs of the ZigZag structure. As long as pullback stays above 184.73 it is expected to extend higher.
AUDJPY ShortAUDJPY looks to be a completed Elliott Impulse Wave during this trend of multiple higher highs & higher lows.
As of now, I'll be anticipating for a breach of the former higher low & a retest of the grey highlighted box before entering a short, targeting the .50 - .618 Fibonacci region.
Elliott Wave View: IBEX Shows Bullish StructureIBEX Elliott Wave sequence from 12.28.2018 low remains bullish , favoring further upside. Near term, the rally from Feb 11, 2019 low (8834.3) is unfolding as a zigzag Elliott Wave structure. The first leg of this zigzag wave A ended at 9361.4 as a 5 waves impulse structure. Wave B pullback ended at 9106.97 as a Flat Elliott Wave structure. Down from 9361.4, wave ((a)) ended at 9204.4, wave ((b)) ended at 9366.2, and wave ((c)) of B ended at 9106.97.
The index has resumed wave C rally higher and broken above previous peak on 9366.2. The internal of wave C is also unfolding as a 5 waves impulse where wave ((i)) ended at 9212.3 and wave ((ii)) at 9123.5 low. Above from there it is suggesting that it is still within black wave (( iii )). Anyway, near term, while pullback stays above 9106.45, expect Index to extend higher. We don’t like selling the Index and expect buyers to appear in 3, 7, or 11 swing as far as pivot at 9106.97 stays intact. Potential target to the upside comes at 9652 – 9771 area where wave C is equal to wave A in length.
Elliott Wave View: Nasdaq Correction In ProgressRally in Nasdaq (NQ_F) from December 26, 2018 low remains in progress as an impulse Elliott Wave structure. An impulse structure consists of a 5 waves move. Wave ((4)) of this impulse move has ended at 6965.57. As the chart shows, after forming wave ((4)) low, Nasdaq has rallied higher and broken above March 4 high at 7211.5, confirming that wave ((5)) has started. Up from 6965.57, the rally ended wave (1) at 7379.50 as an impulse. Internal of wave (1) subdivides into 5 waves where wave 1 ended at 7029.5, and wave 2 ended at 6983.5. Wave 3 ended at 7325.25 ,wave 4 ended at 7262.75, and wave 5 of (1) ended at 7379.50.
Near term, Index is correcting cycle from March 8 low within wave (2) before the rally resumes. As far as pivot at 6965.57 low stays intact, expect the Index to find buyers in 3, 7, or 11 swing for further upside. We don’t like selling the Index.
Elliott Wave View: Crude Oil Breakout In ProgressIn our previous Analysis about Oil we suggested that it is on the verge of a breakout. It has now confirmed our view as price extends higher and breaks above March 1 high at $57.88. The production output’s curb by the OPEC members as well as the political upheaval in Venezuela have contributed to the strength in Oil. Technical wise, the sequence remains bullish from both Dec 24, 2018 low and Feb 11, 2019 low. In the chart below, we can see a bullish sequence stamp and right side up to clearly show the direction that we prefer.
Since forming intermediate high on February 21 at $57.61, Oil has been in sideways and complex correction. The rally to $57.61 ended wave (1), and wave (2) pullback has ended at $54.49. The internal of wave (2) unfolded as a double three Elliott Wave structure. Down from $57.61, wave W ended at $55.02, wave X ended at $57.39, and wave Y of (2) ended at $54.52. Oil has since rallied and broken to new high above March 1 high ($57.88). This confirms the view that the next leg higher has started. Near term, while dips stay above $54.51, expect Oil to resume higher. A 100% extension from December 24, 2018 low can see Oil reaching $63.2 -$66 area next. We dont like the selling.
Elliott Wave View: Gold Can See Profit TakingGold has ended the cycle from August 16, 2018 low at $1347.18 as wave (A). The yellow metal is in the process of correcting the cycle from August 16, 2018 low in 3, 7, or 11 swing within wave (B). Near term, the decline from $1347.18 looks impulsive and ended wave A at $1280.49. The internal of wave A unfolded as a 5 waves impulse Elliott Wave structure. Down from $1347.18, wave ((i)) ended at $1320.79 and rally to $1333.13 ended wave ((ii)). Gold then resumed lower in wave ((iii)) at $1282.7, bounce to $1288.53 ended wave ((iv)), and finally wave ((v)) of A ended at $1280.49.
Wave B bounce is in progress to correct cycle from Feb 20, 2019 peak in 3, 7, or 11 swing. Current structure of wave B bounce is unfolding as a zigzag Elliott Wave structure. Up from $1280.49, wave ((a)) ended at $1300.8 and wave ((b)) ended at $1290.2. Expect Gold to see profit taking and sellers at $1310.67 – $1323.36. From this area, the yellow metal can either extend lower below wave A or at least pullback in 3 waves. As far as the current rally fails below $1347.18, we can’t rule out another leg lower to continue the correction from August 16, 2018 low.
Elliott Wave View: EURJPY Should Extend LowerEURJPY has ended the cycle from Jan 3, 2019 low at 127.5. We label this rally from Jan 3 to March 1, 2019 as wave ((X)). This means the pair is in the initial stage of turning lower and eventually can break below Jan 3, 2019 low (118.51). At minimum, the pair should be correcting the cycle from 1/3 low in larger 3 swing. The first swing ended at 124.25 on March 8 as wave ((i)). The internal of wave ((i)) takes the form of as a 5 waves impulse Elliott Wave structure. Down from 127.5, wave (i) ended at 126.14 and wave (ii) ended at 126.53. Pair then declined in wave (iii) to 124.65, and bounce to 125.02 ended wave (iv). The last push lower to 124.25 ended wave (v) of ((i)).
Wave ((ii)) bounce is currently in progress to correct the decline from March 1 high (127.5) as a double three Elliott Wave structure. Up from 124.25, wave (w) ended at 125.2 and wave (x) ended at 124.78. Wave (y) of ((ii)) is expected to see sellers at 125,75 – 126.3 blue box area and pair can either resume to new low from here or pullback in 3 waves at least. As far as pivot at 127.5 high stays intact, expect pair to see sellers in 3, 7, 11 swing and extends lower.
Elliott Wave View: EURUSD What’s Next?Last week the ECB (European Central Bank) has downgraded their economic growth and inflation forecast. In addition, it has announced a fresh stimulus in the form of TLTRO (Targeted Longer-Term Refinancing Operations). This is basically a long term loan given to banks to increase loan creation. If the banks can lend above a specified benchmark, then they will be able to borrow from ECB at a negative rate. This will provide incentive for the banks to lend and thus increase private spending in the economy.
EURUSD fell 120 pips as a response and broke below the previous low on 11/12/2018 at 1.1216. This has created a bearish sequence in the pair and favors further downside. The decline from 2/28/2019 high (1.1419) is unfolding as an impulse Elliott Wave structure where wave (i) ended at 1.1357, wave (ii) ended at 1.1408. Wave (iii) ended at 1.1290 and wave (iv) ended at 1.13253. Below from there it ended wave (v) of ((i)) at 1.11758 low. Near term, while bounce stays below 1.1421, expect pair to extend lower. We don’t like buying the pair and prefer further downside while rally fails in 3, 7, or 11 swing below 1.1421.
