Get started

Elliottwaveretracement

Elliott Wave View: DAX Looking for Further DownsideDAX continues to make a new low and this week broke below 11/20 low (11009) suggesting that the move lower remains in progress. Near term Elliott Wave outlook calls for the decline to 11009.25 on 11/20 as blue wave (3). From there, rally to 11566.97 ended blue wave (4) as a zigzag Elliott Wave structure. Red wave A of (4) ended at 11403.72, red wave B of (4) ended at 11208.60 and red wave C of (4) ended at 11566.97. Decline from there is unfolding as an impulse Elliott Wave structure and a marginal low still can happen before ending the 5 waves down. This move lower also ended blue wave (5) and black wave ((3)) of a larger degree. Afterwards, expect black wave ((4)) rally in 3, 7, or 11 swing before the decline resumes again. We don’t like buying the proposed rally as the right side still remains lower.
TVC:DEU40Short
by Elliottwave-Forecast
Elliott Wave View Supporting Further Strength in USDCADUSDCAD has broken above 11/29/2018 high (1.336) as well as above 6/27/2018 high (1.3386) creating an incomplete bullish sequence. Short term Elliott Wave view suggests the rally to 1.336 on 11/29 ended blue wave (W) and the pullback to 1.3157 ended blue wave (X). Internal of blue wave (X) unfolded as a zigzag Elliott Wave structure where red wave A ended at 1.324. Red wave B bounce ended at 1.333, and red wave C of (X) ended at 1.3157 low. Up from 1.3157, pair has made a new high above blue wave (W) at 1.3157, suggesting the next leg higher has started. The rally is unfolding as a 5 waves impulse Elliott Wave structure where black wave ((i)) ended at 1.322 and black wave ((ii)) ended at 1.316, wave ((iii)) at 1.3445 and wave ((iv)) pullback at 1.3378. WE Expect pair to do 1 more leg higher to end the 5 waves impulse and complete red wave A of larger degree. Pair should then pullback in red wave B to correct cycle from 12/3/2018 low in 3-7-11 swing before the rally resumes.
Long
by Elliottwave-Forecast
2
Elliott Wave Analysis: Further Weakness Expected in USDJPYHello Traders, Short term Elliott Wave view in USDJPY suggests that cycle from 11/12 peak (114.21) remains in progress as a double three Elliott Wave structure. Down from 114.21, black wave ((w)) ended at 112.27 and black wave ((x)) bounce ended at 114.03. Internal of black wave ((x)) unfolded as a zigzag Elliott Wave structure where blue wave (a) ended at 113.23, blue wave (b) ended at 112.63, and blue wave (c) of ((x)) ended at 114.03. Black wave ((y)) lower is currently in progress and the internal is unfolding as a double three Elliott Wave structure in lesser degree. Down from 114.03, blue wave (w) ended at 112.54 as a zigzag Elliott Wave structure, and blue wave (x) bounce is correcting cycle from 11/29 high before the decline resumes. We expect sellers to appear after blue wave (x) bounce is complete in 3, 7, or 11 swing as far as pivot at 114.03 high stays intact.
by Elliottwave-Forecast
Elliott Wave Analysis: Suggest Supported NZDUSDNZDUSD short-term Elliott wave analysis suggests that a decline to 0.6751 low ended blue wave (4) pullback. The internals of that pullback unfolded as double three structure where red wave W ended at 0.6780 low. Up from there, a 3 wave bounce to 0.6852 high ended red wave X. Then finally a decline to 0.6751 low ended red wave Y to completed blue wave (4). Up from 0.6751 low, the pair has made a new high above 11/16/2018 peak favoring a next leg higher. Thus suggests supported to higher NZDUSD looking for more upside. Above from 0.6751 low, the initial rally to 0.6809 high ended black wave ((i)). black wave ((ii)) ended at 0.6770 low, black wave ((iii)) ended at 0.6879 & black wave ((iv)) ended at 0.6851 low. Black wave ((v)) ended at 0.6885 high which also completed red wave 1 as an impulse. Down from there, red wave 2 pullback completed at 0.6849. Above from that low it made again a new high suggesting that red wave 3 is in progress. We don’t like selling it and expect buyers to appear in 3, 7 or 11 swings against 0.68337 low.
Long
by Elliottwave-Forecast
2
Elliott Wave Analysis: Further Downside Expected in OilHello Traders, Since forming the high on Oct 3 at $76.9, Oil (CL_F) has dropped more than 30% in just less than 2 months. The move lower is pretty fast and short term Elliott Wave view suggests the decline is unfolding as an impulse Elliott Wave structure. Down from $76.9, black wave ((1)) ended at $68.47, black wave ((2)) ended at $69.65, black wave ((3)) ended at $54.75, and black wave ((4)) ended at $57.98. Oil is currently in the final leg black wave ((5)). From 57.98 peak, oil ended internal blue wave (1) at 52.76, above from there it ended blue wave (2) bounce at 55.90. Below from there it ended blue wave (3) at 50 as a 5 waves impulse structure where it ended red wave 1 at 54.15, red wave 2 bounce at 54.87, red wave 3 at 50.50 and red wave 4 bounce at 51.72 and finally red wave 5 of blue wave (3) at 50. Above from there we are calling blue wave (4) bounce complete at 52.24 and ideally it should extend now lower. However, as long as it stays above blue wave (3) low a double correction higher in blue wave (4) still can't be ruled out. As long as it stays below 55.90 it should extend lower. We prefer more downside against 55.90 peak. We dont like the buying.
NYMEX:CL1!Short
by Elliottwave-Forecast
1
CADJPY Elliott Wave: Incomplete Sequence Calling LowerCADJPY short-term Elliott wave view suggests that a bounce to 87.00 on 11/08/2018 high ended blue wave (X). Down from there, the decline unfolded as double three structure where black wave ((w)) ended at 85.44 low as zigzag structure. A bounce to 86.35 ended black wave ((x)). Then a decline to 84.61 low ended black wave ((y)) & completed the red wave W lower. Also, with this push lower pair made a new low below 10/26/2018 low (84.83). Which made the sequence from 10/02/2018 peak incomplete to the downside favoring more downside against 11/08/2018 peak (87). Up from 84.61 low, pair is correcting the cycle from 11/08/2018 peak in wave X which is expected to take the form of a double three structure and should ideally reach 86.18 -86.78 area Afterwards, the pair is expected to resume the downside provided the pivot at 11/08/2018 peak (87) stays intact or should produce a 3 wave reaction lower at least. We don’t like buying the pair and expect sellers to appear in the blue box as far as pivot at 87.00 high remains intact
Short
by Elliottwave-Forecast
Hit Bottom - ready to move upOn the log scale, long term uptrend line shown in black shows that yesterdays dive took us right to the intersection of it...see chart pic below for more upclose view. This also coincides with the .786 (4417) fib-retrace beginning at August 2015 at the beginning of that same uptrend line. I would expect BTC to test this line and touch at least one more time, but probably more during this period. This appears to be causing some consolidation, and on the smaller time-scale, it reveals itself to be a broadening descending wedge, a bullish signal. With the panic-selling that has occurred, this also coincided with many major markets losing a lot of ground this week. DJI down 3% plus for the week. NDX down 4% plus. But they are both beginning to rebound already. The panicking investors have swung the pendulum far to the oversold position...lowest RSI on the daily...ever. With all these factors, I am seeing cause for short term bounce, and a long term growth period continuing upward on the black trend line. As show, this line is a steady march upward. Projections are that we remain between 4000-5000 for the remainder of 2018 and we won't see 10,000 again until next November. Hold on to those coins! Growth is coming. Have a Great Day!
COINBASE:BTCUSDLong
by bluemt95
Elliott Wave Analysis: How Much Further Can Oil Drop?Hello Traders, Short term Elliott Wave view on Oil suggests that the decline starting from Oct 3 high ($76.9) remains in progress as a 5 waves impulse Elliott Wave structure. Down from Oct 3 high, black wave ((1)) ended at $68.47 and black wave ((2)) ended at $69.66. Black wave ((3)) ended at $54.75 and black wave ((4)) is proposed complete at $57.37. Consistent with the guidelines in Impulse Elliott Wave structure, Black wave ((3)) also unfolded as 5 waves of lesser degree. Down from $69.66, Blue wave (1) of ((3)) ended at $65.74 and blue wave (2) of ((3)) ended at $67.95. Blue wave (3) of ((3)) ended at $59.26, Blue wave (4) of ((3)) ended at $61.28. The final leg wave (5) of ((3)) ended at $54.75. Black wave ((4)) ended at $57.37 as a double three Elliott Wave structure. Wave (W) of ((4)) ended at $56.49, wave (X) of ((4)) ended at $55.53, and wave (Y) of ((4)) ended at $57.37. Near term, while rally fails below $57.37, and more importantly below $61.35, we expect Oil to extend lower. If Oil breaks above $57.37, then Oil is doing a double correction and can open more upside in 7 swing before the decline resumes. For the downside target, one way to measure wave 5 target in Elliott Wave Theory is wave 1 equal to wave 5. If we project wave ((1)) length to the beginning of wave ((4)), we can estimate potential target for wave ((5)) at $47 – $49. We don’t like buying Oil.
NYMEX:CL1!Short
by Elliottwave-Forecast
1
Elliott Wave View: Nifty looking to resume rallyHello Traders, Short term Elliott Wave view on Nifty suggests that the decline to 10004 on Oct 26 low ended black wave ((2)). This means that Index has ended the selloff which started from Aug 28 high (11760.20). It is currently either in the process of eventually breaking to new high again or at least rallying in 3 waves to correct the cycle from Aug 28 high before turning lower again. Up from 10004, red wave 1 ended at 10624 and unfolded as a 5 waves impulse Elliott Wave structure. Black wave ((i)) of 1 ended at 10128.85, black wave ((ii)) of 1 ended at 10012.65. Black wave ((iii)) of 1 ended at 10606.95, black wave ((iv)) of 1 ended at 10477 and black wave ((v)) of red wave 1 is proposed complete at 10624 and red wave 2 pullback is also complete at 10442. As long as it stays above that level but more importantly above 10004 we expect Index to extend higher at least 1 more leg higher. We don’t like selling the Index.
NSE:NIFTY
by Elliottwave-Forecast
Elliott Wave Analysis: Further Downside Expected in EURUSDHello Traders, EURUSD has broken below Nov 1 low (1.13) and now the pair shows a 5 swing bearish sequence from Sept 24 high (1.1815), favoring further downside. Short term Elliott Wave view suggests that the move higher to 1.15 ended black wave ((2)). Internal of wave ((2)) unfolded as a double three Elliott Wave structure. Wave (W) of ((2)) ended at 1.1455, wave (X) of ((2)) ended at 1.135, and wave (Y) of ((2)) ended at 1.15. Black Wave ((3)) is currently in progress lower and the subdivision is unfolding as a zigzag Elliott Wave structure where blue wave (A) ended at 1.1215. The internals of blue wave (A) unfolded as 5 wave structure. Down from 1.15, red wave 1 ended at 1.1411 and red wave 2 ended at 1.1447, red wave 3 at 1.1327 and red wave 4 pullback at 1.1360 peak. Down from there, it ended red wave 5 of blue wave (A) at 1.1215. Near term, it is currently correcting cycle from 11/07 peak in the sequences of 3-7 or 11 swings in blue wave (B) and while rally fails below 1.15, expect pair to extend lower. We don’t like buying the pair and prefer selling it in 3-7 or 11 swings against 1.15 peak.
Short
by Elliottwave-Forecast
1
Elliott Wave Analysis: GBPJPY in Correction Before Next Leg HighHello Traders, Short Term Elliott wave view in GBPJPY suggests that the decline to 142.77 ended blue wave (2). Up from there, the pair rallies as an impulse and ended red wave A at 149.49. Red wave B pullback is currently in progress to correct cycle from Oct 26 low (142.77) before the next leg higher. We can see internals of wave A unfolded in 5 waves where black wave ((i)) ended at 144.39, Black wave ((ii)) ended at 143.19, Black wave ((iii)) ended at 147.77, black wave ((iv)) ended at 146.83, and black wave ((v)) ended at 149.49 Subdivision of black wave ((iii)) and ((v)) further reveals another 5 waves of a lesser degree (blue color), fulfilling the rule of an impulse wave. This rally from 142.77 low to 149.49 high completed red wave A of a larger degree and ended cycle from Oct 26 low. Pair should now pullback in red wave B to correct this cycle in the sequence of 3, 7, or 11 swing before the rally resumes, provided that pivot at 142.77 low stays intact. We don’t like selling the pullback and expect buyers to appear again when the red wave B pullback is complete in 3-7-11 swing.
by Elliottwave-Forecast
1
Elliott Wave View: SPX Starts a New Impulsive RallyHello Traders, Short term S&P 500 (SPX) Elliott wave view suggests that the selloff starting from Sept 21 high (2940.9) has ended at Oct 29 low (2603.54). We take the most aggressive view and call the low at 2603.54 as red wave IV. This suggests that SPX is ready to rally in a new bullish cycle towards a new all time high. However, for this view to gain validity, the Index must first break above the previous all-time high, labelled as red wave III at 2940.9. Without this confirmation, the Index technically can just correct the selloff from last month in 3 waves ABC zigzag, then continue the selloff again. Looking at the internal subdivision, it appears the selloff from Sept 21 to Oct 29 low took the form of a double three Elliott Wave structure. Down from 2940.9 high, Black degree wave ((W)) ended at 2710.5, wave ((X)) ended at 2816.94, and wave ((Y)) ended at 2603.54. This move lower also ended a higher degree red wave IV. Since then, the Index has rallied strongly, further getting acceleration to the upside after U.S. midterm election. Rally from red wave IV at 2603.54 is unfolding as a 5 waves impulsive structure where red wave 1 ended at 2756.55 and red wave 2 ended at 2700.25. Index has since extended higher again above red wave 1, suggesting that red wave 3 has started. Near term, while pullbacks stay above 2700.2, and more importantly above 2603.54, expect further upside in the Index. As an alternate, the rally from 2603.54 can take the form of a zigzag Elliott Wave structure, where the first leg higher to 2756.55 ended red wave A instead of red wave 1, and the pullback to 2700.25 ended red wave B instead of red wave 2. In this scenario, then SPX should finish red wave C as 5 waves then start to turn lower again.
SP:SPXLong
by Elliottwave-Forecast
Elliott Wave Analysis: Oil (CL_F) looking to end 5 WavesHello traders, Oil (CL_F) short-term Elliott wave analysis suggests that the decline from Oct 3rd high is unfolding as a 5 waves impulse structure. In an impulse structure, the internals of wave 1, 3, and 5 also subdivide in another 5 waves of lesser degree. With Oil, we propose red wave 3 ended at $62.52 , red wave 4 ended at $64.12, and red wave 5 is still in progress as 5 waves of lesser degree. Looking at the internal of red wave 3, a clear 5 waves subdivision can be observed. Black wave ((i)) ended at $70.51, black wave ((ii)) ended at $72.70, black wave ((iii)) ended at $65.74, black wave ((iv)) ended at $67.95 and black wave ((v)) ended at $62.52. After a relatively shallow bounce to $64.12, Oil has extended lower again which we think is the last red wave 5 from Oct 3rd high. Near term, while bounces stay below $64.11, Oil still can extend a bit lower towards $59.4 – $60.3 area before ending red wave 5. Once red wave 5 completes, expect Oil to at least rally in 3 waves to correct the decline from Oct 3rd peak.
NYMEX:CL1!Short
by Elliottwave-Forecast
Apple Elliott Wave Analysis suggesting a Bounce HigherHello Traders, Apple decline from 10/03 peak (233.43) ended black wave ((W)) at 10/11 low (211.94). Above from there it ended black wave ((X)) pullback at 10/24 peak (224.16). Down from there it ended smaller degree blue wave (W) at 10/29 low (206.17) as flat structure in a lesser degree. Above from there it ended blue wave (X) pullback at 11/01 peak (223.48). Down from there, it reached already the equal legs extreme area from 10/03 peak towards 202.48-197.31 (blue box) which is 100%-123.6% Fibonacci extension area of black wave ((W))-(X)). It is currently suggesting that it ended black wave ((Y)) of bigger picture red wave IV at 11/05 low (198.12) as a Elliott Wave double three structure. As long as the stock stays above 198.25 but more importantly the pivot at 189.32 stays intact we expect it to extend higher. We dont like selling it.
NASDAQ:AAPL
by Elliottwave-Forecast
ADA ADA ADA... STILL IN PATTERNHey Everyone, A few quick updates today as I go through the charts and check for trades for myself, I have just noticed ADA is sideways, and has had an extended 4th wave, but for the EW geeks like me... Wave 4 did not drop down past wave 1 territory so to me this looks to be still headed up to hit targets I posted a while ago. REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION (minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!! <3 Lisa DISCLAIMER: The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons... PS make sure you give me a like, that way you get updates as I post them.... :) <3
BINANCE:ADAUSD
by LisaNEdwards
BAC Elliott Wave Analysis: Correction EndedHello Traders, Bank of America Elliott wave analysis suggests that a decline to $27.26 low ended blue wave (3). The internals of that decline unfolded in 5 waves impulse structure in lesser degree cycles. Up from there a 3 wave bounce to $29.19 high ended blue wave (4) as double three structure. Down from there, the stock declined lower in another lesser degree 5 waves structure. That completed the blue wave (5) lower at $25.91 low. Which then also completed black wave ((C)) & the cycle of red wave IV pullback. Above from there, the stock is expected to resume the upside in cycle red wave V ideally. Or should do a larger 3 wave bounce to correct the cycle from 3/12/2018 peak. Currently, the rally from $25.91 low is nesting higher and it ended blue wave (1) at 28.38 peak and the pullback is also proposed to be compelted at 27.51 in blue wave (2). As long as the stock remains above 27.51 low but more importantly above 25.91 invalidation level, it is expected to extend higher. We don’t like selling the stock.
NYSE:BAC
by Elliottwave-Forecast
My Price Prediction for ETHEREUM keep in mind, I'm still a bit newer to Elliot waves so its a bit hard for me to draw them "in the dark", so to speak, but I think by tomorrow we will see ETH hit the resistance around 192 and you should probably take a long there for the next uptrend to begin. take this with a grain of salt but tomorrow if you see it happen then you know :D if you want to short soon wait for the B to complete somewhere above the resistance line at 198, possibly around 200 and short there to C
BITMEX:ETHUSD.PLong
by mon3y