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Elliottwaveretracement

Elliott Wave View Suggest Another Push Higher In FacebookElliott wave view in Facebook (ticker symbol: $FB) suggests that the rally from December 24.2018 low ($122.55) is unfolding as Elliott wave zigzag structure. The first leg of a zigzag structure ended in wave ((A)) at $152.43 high. Down from there, wave ((B)) pullback unfolded as double three structure where wave (W) ended at $146.37 low. Wave (X) bounce ended at $148.80 high and wave (Y) of ((B)) ended at $142.52 low. A zigzag structure is a 5-3-5 structure where wave ((A)) & ((C)) can unfold as an impulse or a diagonal structures. In Facebook case, the wave ((C)) is taking a form of an impulse structure where wave (1) ended at $149.83. Wave (2) pullback ended at $143.46 low in lesser degree zigzag structure. Wave (3) ended at $171.68 high in lesser degree 5 waves structure. And wave (4) pullback unfolded as double three structure where wave W ended at $165.35 low. Wave X bounce ended at $169.10 high and wave Y of (4) ended at $163.67 low. While above there, the stock is expected to resume the upside 1 more time in wave (5) towards $172.61-$191.13 100%-161.8% Fibonacci extension area of ((A))-((B)) before it ends the zigzag structure & turns lower again or pull back in 3 swings at least. Near-term, while above $1163.67 low, expect Facebook to extend higher.
NASDAQ:METALong
by Elliottwave-Forecast
Elliott Wave More Upside Is Expect in OilElliott Wave view calls the rally in Oil to $54.24 ending wave ((A)). From there, the pullback ended with wave ((B)) at $51.37. Internal of wave ((B)) takes the form of a double three Elliott Wave structure. Down from $54.24, wave (W) ended at $51.80, wave (X) ended at $53.94, and wave (Y) ended at $51.37. From there, Oil has resumed higher and broke above wave ((A)) at $54.24. This signals that wave ((C)) has likely started. The rally from $51.37 is proposed to take the form of a 5 waves Elliott Wave impulse. Up from $51.37, wave 1 ended at $52.24, wave 2 ended at $51.89, wave 3 ended at $54.93, and wave 4 ended at $53.92. The last move higher in wave 5 also ended wave (1) of larger degree at $55.37. Below from there we are calling now blue wave (2) pullback completed at 53.30 low looking for more upside. As long as it stays above that low but more importantly the pivot at 51.31 stays intact, we expect oil to extend higher due to the rightr side tag and the bullish sequence.
NYMEX:CL1!Long
by Elliottwave-Forecast
Elliott Wave View Expects Exxon Mobil To RallyElliott Wave view in Exxon Mobil (ticker: XOM) suggests that the rally from December 26, 2018 low ($64.65) is unfolding as Elliott Wave zigzag. The first leg of the zigzag ended at $73.33 on January 18, 2019 high as wave A. A zigzag is a 5-3-5 structure and wave A should unfold in 5 waves in impulse or diagonal. We can see in the chart below that wave ((iii)) of A ended at $73, wave ((iv)) of A ended at $71.95, and wave ((v)) of A ended at $73.33. The stock then pullback in wave B with the internal as a zigzag Elliott Wave structure as well. Down from $73.33, wave ((a)) ended at $70.64, wave ((b)) ended at $72.27, and wave ((c)) ended at $70.37. Wave C rally has started and the stock is expected to break above wave A at $73 and could see as high as $79 when wave A = C. To gain confirmation for this view, the stock still needs to break above $73. Otherwise, technically we still can’t rule out a double correction in wave B. Near term, while pullback stays above $73.33, expect Exxon Mobil to extend higher.
NYSE:XOM
by Elliottwave-Forecast
Elliott Wave View: Gold Should Continue HigherElliott Wave view in Gold suggests the pullback to $1276.64 ended wave 4. Internal of wave 4 unfolded as a zigzag Elliott Wave structure. Wave ((a)) of 4 ended at $1276, wave ((b)) of 4 ended at $1295, and wave ((c)) of 4 ended at $1276.64. Rally from there looks impulsive. Up from $1276.64, wave ((i)) ended at $1286.53, wave ((ii)) ended at $1276.59, wave ((iii)) ended at 1315, and wave ((iv)) ended at $1308. The yellow metal can soon end wave ((v)) to end the cycle from 01/21/19 low. Afterwards, we expect a pullback to occur in 3-7 or 11 swings to correct the cycle from 01/21/19. Currently, the 1H right side is to the upside against 1276.75.
FX:XAUUSDLong
by Elliottwave-Forecast
Elliott Wave View Expects Tesla Rally to FailElliott Wave view in Tesla (Ticker: TSLA) suggests the rally to $352.09 ended wave ((2)). This suggests the stock is in an impulsive Elliott Wave structure to the downside. Wave ((3)) is in progress and the subdivision unfolded also as a 5 waves Elliott Wave impulse of lesser degree. Down from $352.09, wave 1 ended at $343.8 and wave 2 ended at $351.5. Wave 3 ended at $281.69, wave 4 ended at $290.61, and wave 5 of ended at $279.28. The entire move lower from $352.14 to $279.28 ended wave (1) of ((3)). Tesla is now correcting the decline from $352.09 in wave (2). The correction looks to be unfolding as a double three Elliott Wave structure. Up from $279.28, wave W ended at $298.52 and wave X ended at $287.75. The stock has scope to extend higher towards $307.16 – $319.20 area to end wave Y of (2). Afterwards, it should extend to the next leg lower or at least pullback in 3 waves. As far as pivot at $352.09 stays intact during the correction, we expect the rally in Tesla to fail and the stock to extend to the downside.
NASDAQ:TSLAShort
by Elliottwave-Forecast
1
A LOOK AT WHY NETFLIX IS GOING TO HIT 162 USD Since we already had a ABC downtrending. We got our corrective wave up hitting near the 0.618-0.65 extension. (350-355) I expected that we would encounter some sort of resistance there as corrective waves usually end there. By doing a simple RSI 4H analysis, we can see that we have a bearish resistance at the top of the RSI, which suggest we should expect a downward movement. We should see the RSI hitting the bullish divergence, marked as a blue line. We can also see that MACD has been losing volume over time, and that the first candle started appearing for a bearish outcome. I expect that we should see a 162 USD Netflix price very soon.
NASDAQ:NFLXShort
by LukeSkywalker
6
THE NEXT BITCOIN LONG SETUP FOR ANOTHER 20% GAINOn my last idea we shorted 4100 to 3490. Gaining us a 18% gain (non leveraged). I would like to take the time to let you know of my new long setup which follows the ABC correction we currently are having. Note: Index chart The C is either going to end at 3445, where we would have our first Long. If that is to fail the stop loss would be set to 3410. breaking 3410, would mean we would to 3265, where we set another long. Stop Loss for that one would be 3230. Overall we would not risk a bunch for taking these trades, but we would have a high reward opportunity. I am aiming for a 4110 USD, price gain. Setup in short: Long: 3445 SL: 3410 If it fails Long: 3265 SL: 3230 TP: 4100
BITMEX:XBTLong
by LukeSkywalker
3
Elliott Wave View: 5 Waves Rally in Alibaba (BABA)Short term Elliott Wave view of Alibaba (BABA) calls for the rally from Dec 24, 2018 low ($129.1) as a 5 waves impulse Elliott Wave structure. Up from there, wave ((1)) ended at $142.51 and wave ((2)) pullback ended at $129.99. Wave ((3)) rally ended at $153.35 and wave ((4)) pullback is proposed complete at $146.54. The stock still needs to break above wave ((3)) at $153.35 to avoid a double correction. As an Impulse, internal of wave ((1)), ((3)), and ((5)) subdivide in 5 waves of lesser degree. Within wave ((3)), we see the lesser degree Impulse in wave (1) at $131.15, wave (2) at $130.05, wave (3) at $147.54, wave (4) at $142.06, and wave (5) at $153.35. Wave ((4)) pullback ended as a double three Elliott Wave structure, where wave (W) ended at $148.88, wave (X) ended at $153.38, and wave (Y) ended at $146.54. Near term, expect Alibaba to extend higher in wave ((5)) while it stays above $146.54. Potential target wave ((5)) can reach as high as $160 – $163 area when wave ((5)) = ((1)). Afterwards, cycle from Dec 24, 2018 should end and Alibaba can pullback to correct that cycle in 3, 7, or 11 swing.
NYSE:BABALong
by Elliottwave-Forecast
Short Term Elliott Wave View in SPX Favoring More UpsideThe SPX has ended the cycle from 9/21/2018 peak at 2345.96 in red wave W. Above from there the index is correcting that cycle in red wave X in the sequences of 3-7 or 11 swings. Above from 2345.96 low the index can be unfolding as a possible Elliott Wave triple three structure. It ended black wave ((W)) at 2521.27 peak. Internals of black wave ((W)) unfolded as and Elliottwave Zig Zag structure which ended blue wave (A) at 2468.11, blue wave (B) at 2395.19 low and blue wave (C) of black wave ((W)) at 2521.27 peak. Below from there black wave ((X)) pullback ended at 2443.97 low. Above from there SPX is currently targeting the equal legs from 12/26/18 towards 2618.64-2659.87 where we expect black wave ((Y)) to end and a reaction lower is expected. The internals of black wave ((Y)) is currently unfolding as an Zig Zag structure which ended blue wave (A) at 2579.51 peak and blue wave (B) at 2547.10. Above from that low blue wave (C) of ((Y)) can see the areas towards 2618.64-2659.87 where we expect a reaction lower. As long as the pivot at 2443.97 pivot stays intact, we expect SPX to continue higher to correct the cycle from 09/21/18 peak before more downside should ideally be seen.
SP:SPXLong
by Elliottwave-Forecast
Short Term Elliott Wave View in Oil Favoring More UpsideOil's (CL_F) short term Elliott Wave view shows that the decline from 10/3/2018 high ended as 5 waves impulse in wave a at $42.41. The cycle from 10/3/2018 high has ended and Oil should now see at least a 3 waves rally. The rally from $42.41 is unfolding as Elliott Wave zigzag structure where wave ((A)) is currently in progress. An internal of a zigzag is 5-3-5, which means that wave ((A)) should subdivide in 5 waves impulse Elliott Wave structure. Up from $42.41, wave (1) ended at $47, wave (2) ended at $44.35, and wave (3) ended at $52.58. And the pullback in wave (4) can also have ended at 51.38 low and Oil can rally 1 more leg higher in wave (5) to end 5 waves up and complete wave ((A)). After wave ((A)) is complete, it should pullback in wave ((B)) to correct rally from 12/25/2018 low ($42.41) in 3, 7, or 11 swing before the rally resumes again in wave ((C)).
NYMEX:CL1!Long
by Elliottwave-Forecast
Elliott Wave Analysis: Impulse Move Suggests More Downside in USShort term Elliott Wave view in USDCAD shows that the decline from 12/31/2018 high (1.3669) is unfolding as a 5 waves impulse Elliott Wave structure. Down from 1.3669, Wave 1 ended at 1.3563, wave 2 ended at 1.3662, wave 3 ended at 1.3263, and wave 4 ended at 1.3323. We can see a momentum divergence with momentum showing a higher low while price showing a lower low. This suggests that wave 5 is near complete and we can soon see a 3 waves rally to correct the decline from 12/31/2018 high. To get an estimate on how far the bounce can go, it should ideally end around 50 – 61.8% fibonacci retracement of the decline from 1.3669. This however is more of a guideline and not a rule. The actual rally can be deeper or shallower than the 50 – 61.8% retracement guide. The most important level remains to be 1.3669. As the move lower from 1.3669 is impulsive, the bounce should fail below 1.3669 and give us at least another 5 waves down to end a zigzag Elliott Wave structure at minimum. The medium term outlook therefore favors further downside although short term we may see a bounce soon.
by Elliottwave-Forecast
1
Nasdaq update smaller time frame 4 wave completeThese are my two primary count updates for the Nasdaq 5D chart. I believe we are still inside the C or 3 wave in the first part of the correction. Which one doesnt really matter though as either way its a good idea to take some short profit between two targets for a reload. Likely there will be some sort of fundamental news to support a relief rally especially if we make a nice scary move lower, wouldnt be surprised to see a trade deal done after that. You can see the algo target from the .5 retrace we just made lines up nicely with the .618 retrace from the Feb lows, also the .382 from the 2009 lows. Seems like a reasonable spot to reset with a nice ABC, and prepare for the biggest move yet to come, and in my opinion the last chance to position. Good luck out there.
TVC:NDQShort
by jlantrip
3
Elliott Wave View: EURAUD Bullish Sequence Favors More UpsideElliott Wave view in EURAUD shows that the decline to 1.5337 low ended wave b. Rally from there unfolded as a 5 waves impulsive Elliott Wave structure. Up from 1.5337 low, Wave (1) ended at 1.5886, wave (2) ended at 1.566, wave (3) ended at 1.6453, wave (4) ended at 1.6184, and wave (5) ended at 1.6794. The 5 waves move from 1.5337 low ended wave ((1)) of a higher degree. Pair is currently in wave ((2)) pullback to correct the rally from 12.3.2018 low (1.5337). The correction is expected to unfold in 3, 7, or 11 swing and potential area is 1.568 – 1.6069 (50 – 76.4% Fibonacci Retracement). While the dips stay above 1.5337, pair should then resume higher again. The move to 1.5337 also broke the previous high at 10.11.2018 (1.6357), therefore creating a bullish sequence from 2.22.2017 low favoring further upside.
Long
by Elliottwave-Forecast
2
Elliott Wave PrincipleCSCO:We can clearly see 5 waves up so now we have to see definitely a correction ABC! We know for sure that we are in a bear market from now on the question is how long that will last we may even retrace all 5 waves at some point of the trend depends how the market moves.I'm Trying to create an youtube channel! I`m working only with Elliott Wave so if you want you see my prediction back in October that came true in December can follow me there --> www.youtube.com
NASDAQ:CSCOShort
by iliyanptown
Oil: Impulsive Elliott Wave Structure In PlayElliott Wave outlook in Oil (CL_F) suggests that the move lower from 10/3 high ($76.9) remains in progress as a 5 waves impulsive Elliott Wave structure. Down from $76.9, black wave ((1)) ended at $65.74, black wave ((2)) ended at $67.95, and black wave ((3)) remains in play. Internal of black wave ((3)) also unfolded as 5 waves impulsive Elliott Wave structure of lesser degree where blue wave (4) of ((3)) ended at $54.55. Oil is currently in the final blue wave (5) of ((3)) move lower which should also complete black wave ((3)). Internal of blue wave (5) subdivides as another impulse Elliott Wave structure of lesser degree (red degree). Red wave 1 of (5) ended at $50.08, red wave 2 of (5) ended at $54.26, red wave 3 of (5) ended at $42.36, and red wave 4 of (5) is proposed complete at $47. Near term, while Oil stays below $47, but more importantly below $54.26, expect for more downside in Oil.
NYMEX:CL1!Short
by Elliottwave-Forecast
EURJPY Elliott Wave Analysis: Calling For More WeaknessHello Traders, EURJPY ended the cycle from 09/25 peak at 10/26 low (126.652) in red wave W. Above from there it ended red wave X bounce at 129.2616 peak as a tringle structure. From there it already broke to new lows confirming that the next extension lower has started. Near-term from 12/13 peak (129.2616) it ended that cycle at 12/25 low (125.329) in black wave ((a)). It is the first leg lower as a potential ZigZag structure (5-3-5). The internals of that move unfolded in a 5 waves move, where it ended blue wave (i) at 127.5949, blue wave (ii) bounce at 128.3948 peak. Below from there it ended blue wave (iii) at 126.05 low. Above from there blue wave (iv) bounce ended at 126.7768. And below from there it ended blue wave (v) of black wave ((a)) at 125.329 low. Above from 125.329 low the pair is correcting the cycle from 12/13 peak in the sequences of 3-7 or 11 swings in black wave ((b)) before more downside should be seen. As long as the pivot at 129.2616 stays intact EURJPY should ideally extend lower again.
Short
by Elliottwave-Forecast
Can Aggressive Elliott Wave View In Nikkei Will Play Out?Nikkei short-term Elliott wave view suggests that the cycle from 10/01/2018 peak is showing 5 swings bearish sequence. This favor more downside to 19073-16773 100%-123.6% Fibonacci extension area to be reached in 7 swings before support for bigger 3 wave bounce is seen at least. The decline from 10/01 peak is showing overlapping price action thus suggests that decline is unfolding in a corrective sequence i.e could be unfolding as double three structure. Currently, the decline to 21075 low blue wave (W) lower. Above from there, a bounce in blue wave (X) took place as a Flat correction where red wave A ended at 21735 high. Wave B ended at 20950 low and red wave C ended at 21923 high which also completed blue wave (X). Down from there, blue wave (Y) can be completed at 19278 low. Above from there the index is expected to do a bounce in 3, 7 or 11 swings within blue (X)(X) of a possible triple correction lower. We expect short-term sellers to appear in 3, 7 or 11 swings on a bounce in blue wave (X)(X).
NShort
by Elliottwave-Forecast