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Impulse

SP500 Is Looking Higher By Elliott Wave TheorySP500 is looking higher for wave 5 of (5) of a five-wave bullish impulse by Elliott wave theory. SP500 is bullish from 4100 area, an impulse that can resume even higher as the current sideways price action at 4360-4500 area appears like a corrective fourth wave, possibly a triangle or flat, but in either case more gains can be seen this month. Hidden divergence also suggests that price can be looking for a support soon. Support is at 4368, for a more complex and deeper w. 4.
CME_MINI:ESU2023
by ew-forecast
Apple (AAPL) Breaking Higher Suggesting Further UpsideShort term view in Apple (AAPL) suggests the rally from 3.2.2023 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 3.2.2023 low, wave 1 ended at 166.84 and dips in wave 2 ended at 159.78. The stock extends higher again in wave 3 towards 184.95 and pullback in wave 4 ended at 182.6. The stock has turne dhigher in wave 5. Up from wave 4, wave (i) ended at 185.2 and dips in wave (ii) ended at 183.07. Stock resumes higher in wave (iii) towards 187.24, and pullback in wave (iv) ended at 185.01. Final leg wave (v) ended at 187.56 which completed wave ((i)). Pullback in wave ((ii)) ended at 185 with internal subdivision as a flat structure. Down from wave ((i)), wave (a) ended at 186 and rally in wave (b) ended at 188.05. Wave (c) lower ended at 185 which completed wave ((ii)). The stock resumes higher in wave ((iii)). Up from wave ((ii)), wave (i) ended at 186.15 and dips in wave (ii) ended at 185.27. The stock resumes higher in wave (iii) towards 189.9 and pullback in wave (iv) ended at 188.29. Near term, as far as pivot at 182.6 low stays intact, expect pullback to find support in 3, 7, 11 swing for further upside.
NASDAQ:AAPL
by Elliottwave-Forecast
ELLIOTT WAVE STRUCTURE BASICShere is some basic principles to discern between Corrective and Impulse. For corrective waves, it helps contextually to have a wave prior to measure the timing and retracement to. A simple way to tell the two apart is their retracements either do or do not intersect each other. A trending impulse wave will never have wave 4 enter wave 1's territory, and never surpasses 2. Otherwise the wave count is incorrect. The left-most corrective waves (ABC) are generally classed as 2nd wave structures, and the corrective waves on the right (ABCDE) are generally wave 4s. important to actually do the homework and chart the waves, and the waves within the waves. With many revisions, will notice that waves in whole are congruent within the structures within, and so forth. aka fractals.
BITSTAMP:BTCUSDEducation
by jjbuttersnaps
S&P 500 ETF (SPY) Elliott Wave Sequence Remains BullishShort term, SPY favors higher in impulse Elliott wave sequence started from 5.04.2023 low and expect further strength to continue in wave 3. SPY finished wave 1 at 417.62 high started from 3.13.2023 low. It placed ((i)) at 402.49 high and ((ii)) at 389.33 low as 0.618 Fibonacci retracement. It finished ((iii)) of 1 at 416.06 high and ((iv)) at 403.78 low. Finally, it ended ((v)) at 417.62 high as wave 1. It corrected lower in 2, ended at 403.74 low as 0.382 Fibonacci retracement of wave 1. Above there, it favors higher in wave 3 and expect further strength to continue before correcting in 4. Within wave 3, it placed ((i)) at 420.87 high and ((ii)) at 409.88 low as 0.618 Fibonacci retracement of ((i)). Above 409.88 low, it favors higher in ((iii)) of 3. It placed (i) at 422.99 high and (ii) at 416.22 low. It finished (iii) at 443.90 high, in which it ended i at 429.67 high, ii at 425.75 low, iii at 439.06 high, iv at 433.59 low and v at 443.90 high as (iii). It proposed ended (iv) at 435.03 low. Within (iv), it placed at 440.01 low, b at 443.25 high and c in zigzag at 435.03 low as 3 swing reaction lower. Above there, it favors higher in (v) to finish ((iii)) of 3. As long as price remain above 409.88 low of ((ii)), it expects at least one more high. Alternate view can be ended ((iii)) at last high and correcting in ((iv)) as double correction, which may extend lower below 435.03. In that case, it can find support at next extreme areas before upside resumes.
AMEX:SPY
by Elliottwave-Forecast
RNDRing a Bullish Impulse 💻Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. RNDR has been overall bullish trading inside the rising wedge pattern in green, and we are currently in a correction phase approaching the lower green trendline. Moreover, the zone 1.60 is a support zone. 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower green trendline. As per my trading style: As RNDR is sitting around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
RLong
by TheSignalyst
10
DAX Incomplete Elliott Wave Bullish Sequence Favors HigherShort Term Elliott Wave View in DAX suggests the rally from 3.20.2023 low is in progress as a 5 waves impulse. Up from 3.20.2023 low, wave 1 ended at 15298.49 and pullback in wave 2 ended at 14809.82. Index then extends higher in wave 3 towards 16331.94. Pullback in wave 4 is unfolding as a zigzag Elliott Wave structure. Down from wave 3, wave ((a)) ended at 15726.5 and wave ((b)) ended at 16079.73. Wave ((c)) lower ended at 15629.12 which completed wave 4. Index has resumed higher in wave 5. Internal subdivision of wave 5 is unfolding as a 5 waves impulse Elliott Wave structure. Up from wave 4, wave ((i)) ended at 16114.84 and pullback in wave ((ii)) ended at 15909.85. Index then resumes higher again in wave ((iii)). Up from wave ((ii)), wave (i) ended at 16020.28 and wave (ii) ended at 15913.95. Expect the Index to extend higher 1 more leg to complete wave (iii), then it should pullback in wave (iv) before it resumes higher again. Near term, as far as pivot at 15629.38 low stays intact, expect dips to find support in 3, 7, or 11 swing for further upside.
XETR:DAX
by Elliottwave-Forecast
GBPCHF I Impulse correction and continuationWelcome back! Let me know your thoughts in the comments! ** GBPCHF Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
1
Tesla (TSLA) Elliott Wave Bullish Sequence Suggest Further RallyTesla (TSLA) has broken above 2.16.2023 peak at 217.65. The stock now shows a bullish sequence from 1.6.2023 low favoring further upside. Near term, cycle from 5.24.2023 low is currently in progress as a 5 waves impulse with extension Elliott Wave structure. Up from 5.24.2023 low, wave ((i)) ended at 204.48 and dips in wave ((ii)) ended at 195.12. Internal subdivision of wave ((ii)) unfolded as a zigzag structure. Down from wave ((i)), wave (a) ended at 197.53, wave (b) ended at 202.99, and wave (c) lower ended at 195.12. This completed wave ((ii)) in larger degree. The stock then resumes higher in wave ((iii)). Up from wave ((ii)), wave (i) ended at 205.99 and pullback in wave (ii) ended at 199.37. Tesla then extends higher in wave (iii) with internal subdivision as another impulse in lesser degree. Up from wave (ii), wave i ended at 209.8 and dips in wave ii ended at 206.78. Wave iii ended at 218, pullback in wave iv ended at 212, and final leg wave v ended at 221.29 which completed wave (iii). Pullback in wave (iv) is now in progress in 7 swing and can reach 207 – 211 area before finding support for further upside. As far as pivot at 195.12 low stays intact, expect pullback to find support in 3, 7, 11 swing for further upside.
NASDAQ:TSLA
by Elliottwave-Forecast
Elliott Wave Forecasts Nasdaq (NQ) to Continue HigherShort term Elliott Wave View in Nasdaq (NQ) suggests the rally from 4.26.2023 low is in progress as a 5 waves impulse with extension (nest). Up from 4.26.2023 low, wave ((i)) ended at 13370.25 and pullback in wave ((ii)) ended at 13001.75. Wave ((iii)) is currently in progress with internal subdivision as another 5 waves in lesser degree. The 1-hour chart below shows the rally within wave ((iii)). Up from wave ((ii)), wave i ended at 13494.25 and dips in wave ii ended at 13310.50. Wave iii ended at 13960.25, wave iv ended at 13794.25, and final wave v ended at 13979.25 which completed wave (i). Index then pullback in wave (ii) which ended at 13563.60. The Index extended higher again in wave (iii) towards 14570 and pullback in wave (iv) ended at 14336.75. Expect Index to extend higher in wave (v) to complete wave ((iii)). Afterwards, it should pullback in wave ((iv)) to correct cycle from 5.4.2023 low before the Index resumes higher again. Wave ((iv)) typically ends at 23.6 – 38.2% Fibonacci retracement of wave ((iii)). The target can be measured after wave ((iii)) is confirmed complete. Near term, as far as pivot at 13563.6 low stays intact, expect pullback to find support in 3, 7, or 11 swing for further upside.
CME_MINI:NQ1!
by Elliottwave-Forecast
3
Elliott Wave View: NVDA Bullish Momentum Looking for More UpsideShort term Elliott Wave View in Nvidia Corporation (ticker: NVDA) suggests that rally from 4.26.2023 low is unfolding as a 5 waves impulse Elliott Wave structure with extension. Up from 4.26.2023 low, wave ((i)) ended at 290.58 and dips in wave ((ii)) ended at 272.40. Stock has resumed higher in wave ((iii)) which subdivides into another 5 waves in lesser degree. Up from wave ((ii)), wave i ended at 276.6 and wave ii ended at 273.80. Wave iii ended at 287.55, pullback in wave iv ended at 283.50, and final leg wave v ended at 292.20 which completed wave (i). Pullback in wave (ii) ended at 280.42 with internal subdivision as a zigzag structure. Down from wave (i), wave a ended at 284.5, wave b ended at 291.13, and wave c ended at 280.42. This completed wave (ii). The stock has resumed higher in wave (iii). Up from wave (ii), wave i ended at 298.70 and pullback in wave ii ended at 291.84. Wave iii ended at 318.24, pullback in wave iv ended at 312.50, and wave v higher ended at 319.08 which completed wave (iii). Pullback in wave (iv) ended at 306.80 with internal subdivision as a zigzag. Near term, while above 306.80, and more importantly above 280.42, expect stock to extend higher.
NASDAQ:NVDA
by Elliottwave-Forecast
Elliott Wave View: S&P 500 (SPX) Has Started Wave 5 Higher Short term Elliott Wave View in S&P 500 (SPX) shows the Index ended wave 3 at 4186.92 and pullback in wave 4 ended at 4048.4. Internal subdivision of wave 4 unfolded as a zigzag Elliott Wave structure. Down from wave 3, wave ((a)) ended at 4089.72 and rally in wave ((b)) ended at 4148.3. Final leg wave ((c)) lower ended at 4048.47. The Index has resumed higher and broken above wave 3, confirming that wave 5 has started. Wave 5 is unfolding as a 5 waves impulse structure with an extension. Up from wave 4, wave ((i)) ended at 4147.02 and pullback in wave ((ii)) ended at 4098.92. The Index then resumes higher again in wave ((iii)) in 5 waves of a lesser degree. Up from wave ((ii)), wave (i) ended at 4147.32 and dips in wave (ii) ended at 4099.12. Up from there, wave i ended at 4141.25, wave ii ended at 4109.86. Wave iii ended at 4186.2, wave iv ended at 4160.04. Final leg wave v is expected to end soon which should complete wave (iii). Afterwards, it should pullback in wave (iv) before the rally resumes again. Near term, as far as pivot at 4048.47 low stays intact, expect pullback to find support in 3, 7, 11 swing and Index to resume higher.
SP:SPX
by Elliottwave-Forecast
Google (GOOGL) Elliott Wave Impulsive Structure IncompleteShort Term Elliott Wave View on Google ( NASDAQ:GOOGL ) suggests it ended wave 2 pullback at 103.68. Wave 3 higher is currently in progress with internal subdivision as a 5 waves impulse with extension. This is often called nesting impulse. Up from wave 2, wave ((i)) ended at 107.49 and pullback in wave ((ii)) ended at 103.97. The stock resumes higher in wave ((iii)) with internal subdivision as another impulse in lesser degree. Up from wave ((ii)), wave i ended at 105.56 and wave ii ended at 104.11 Wave iii ended at 109.7, pullback in wave iv ended at 107.72, and wave v higher ended at 110.15 which completed wave (i). Stock then pullback in wave (ii) which ended at 106.70. Google has resumed higher in wave (iii) again. Up from wave (ii), wave i ended at 113.83 and dips in wave ii ended at 111.75. Stock resumes higher in wave iii towards 117.92, and pullback in wave iv ended at 115.85. Final leg wave v ended at 118.48 which completed wave (iii). Expect wave (iv) pullback to find support in 3, 7, 11 swing for further upside. Potential target for wave (iv) is 23.6 – 38.2% Fibonacci retracement of wave (iii) which comes at 113.9 – 115.7. Near term, as far as pivot at 103.7 low stays intact, expect the stock to extend higher.
NASDAQ:GOOGL
by Elliottwave-Forecast
Elliott Wave Outlook: S&P-500 E-Mini (ES) Looking to Extend HighShort Term Elliott Wave View on S&P 500 E-Mini (ES) below shows that the Index ended wave 3 at 4206.25 and pullback in wave 4 is proposed complete at 4062.25. This view will get validation if the Index manages to break above wave 3. Internal subdivision of wave 4 unfolded as a double three Elliott Wave structure. Down from wave 3, wave (a) ended at 4176.25 and rally in wave (b) ended at 4191.50. Index resumed lower in wave (c) towards 4105.50 and this completed wave ((w)). Index then corrected in wave ((x)) towards 4167 with internal subdivision as a zigzag. Up from wave ((w)), wave (a) ended at 4154.5 and pullback in wave (b) ended at 4130.75. Wave (c) higher ended at 4167 which completed wave ((x)). Index resumed lower again in wave ((y)) with internal subdivision as a zigzag. Down from wave ((x)), wave (a) ended at 4075.5 and wave (b) rally ended at 4118. Index then resumes lower in wave (c) towards 4062.25 which completed wave ((y)) of 4. Index has since turned higher in wave 5 with internal subdivision as a 5 waves impulse. Up from wave 4, wave ((i)) ended at 4163.25. Pullback in wave ((ii)) ended at 4112.25 with internal structure of an expanded flat Near term, as far as pivot at 4062.25 low stays intact, expect the Index to extend higher.
CME_MINI:ES1!
by Elliottwave-Forecast
Elliott Wave Impulse Decline in XOM Suggests Further DownsideShort term Elliott Wave view in Exxon Mobil (ticker: NYSE:XOM ) suggests that the decline from 4.28.2023 high took the form of a 5 waves impulse. Down from 4.28.2023 high, wave (1) ended at 115.64 and rally in wave (2) ended at 117.30. The stock resumes lower again afterwards. Down from wave (2), wave 1 ended at 114.45 and rally in wave 2 ended at 115.22. Stock resumes lower again in wave 3 towards 109.29 and wave 4 rally ended at 111.39. Final leg wave 5 ended at 108.15 which ended wave (3). Stock then rallies higher in wave (4) towards 109.81 and then extends lower in wave (5) towards 105.5. This completed wave ((A)) in higher degree. Wave ((B)) is currently in progress to correct cycle from 4.28.2023 high. Internal subdivision of wave ((B)) is unfolding as a double three Elliott Wave structure. Up from wave ((A)), wave A ended at 109 and dips in wave B ended at 105.80. Wave C higher ended at 110.97 which completed wave (W). Pullback in wave (X) ended at 108.1 and the stock has resumed higher again. Potential target higher for wave (Y) is 100% – 161.8% Fibonacci extension of wave (W) which comes at 113.5 – 116.8. Near term, as far as pivot at 119.9 high stays intact, expect rally to fail in 3, 7, 11 swing for further downside.
NYSE:XOM
by Elliottwave-Forecast
EURCAD - The Perfect Impulsive Wave ✨EURCAD is showing us the perfect impulsive wave. As we can see, we are currently on the 4th wave correction which is an ABC wave. We are on Wave C now, which has 5 waves. We're expecting the final 5th wave higher, which will be broken down into 5 subwaves. 4H Timeframe Trade Idea: - Watch for break of red trendline for confirmation that we've started the 5th wave - Enter with stops below the lows - Target: 1.463 (500pips), 1.49 (800pips) Goodluck and as always, trade safe!
by WicktatorFX
6