Short term Elliott Wave View suggests FX:EURUSD ended wave 1 rally at 1.11395. Pair is now doing wave 2 pullback to correct cycle from 10.03.2023 low. Wave 2 subdivides into a zigzag Elliott Wave structure. Zigzag is a 5-3-5 structure with ABC as the label. Wave A and C in zigzag subdivide into 5 waves as the chart of EURUSD shows. Down from wave 1, wave (i)...
Short term Elliott Wave View in NZDUSD suggests that rally to 0.637 ended wave 1. Pair is now doing wave 2 pullback to correct cycle from 10.26.2023 low. Internal subdivision of wave 2 is unfolding as a zigzag Elliott Wave structure. Down from wave 1, wave (i) ended at 06325 and rally in wave (ii) ended at 0.636. Pair then resumes lower in wave (iii) towards...
Short Term Elliott Wave view in Silver (XAGUSD) suggests that the metal shows a bearish sequence from 12.4.2023 high. The decline from 12.4.2023 high is unfolding as a zigzag Elliott Wave structure. Down from 12.4.2023 high, wave A ended at 22.49 and wave B rally ended at 24.6. The metal resumes lower in wave C which subdivides into a 5 waves impulsive...
Nvidia (NVDA) broke to new all-time high as we start 2024. The stock shows incomplete impulsive structure from the last significant low on October 31, 2023 low. The rally from October 31 is unfolding as a 5 waves impulse Elliott Wave structure. Up from October 31, wave ((1)) ended at 505.48 and dips in wave ((2)) ended at 450.10. The stock then resumes higher in...
Short-term Elliott Wave View in Meta shows an ending diagonal rally from 10.23.2023 low. Up from 10.23.2023 low, wave (1) ended at 342.92 and pullback in wave (2) ended at 313.66. The stock rallies again in wave (3) towards 361.90 and dips in wave (4) ended at 340.01. Internal subdivision of wave (4) unfolded as a double three Elliott Wave structure as the 45...
Short-term Elliott Wave View in Dow Futures (YM) suggests that the rally to $38115 high has ended the cycle from the 10.27.2023 low in wave (3) as 5 wave impulse structure. Down from there, the index is doing a corrective pullback in wave (4) against the October 2023 low cycle. And is expected to find buyers in 3, 7, or 11 swings looking for more upside. We will...
Nasdaq 100 (NQ_F )shows a bullish sequence from October 2022 low favoring further upside. The rally higher from 10.13.2022 is unfolding as Elliott Wave leading diagonal. Up from 10.13.2022 low, wave ((1)) ended at 16062.75 and pullback in wave ((2)) ended at 14140.25 low. Wave ((3)) finished at 17165.94 high as the 1 hour chart below shows. Pullback as wave ((4))...
GOLD (XAUUSD) shows a bullish sequence from September 2022 low favoring further upside. The rally higher from 09.28.2022 is unfolding as Elliott Wave leading diagonal. Up from 09.28.2022 low, wave ((1)) ended at 2081.82 and pullback in wave ((2)) ended at 1810.58 low. Wave ((3)) finished at 2147.53 high as the 1 hour chart below shows. Pullback as wave ((4)) is...
Short Term Elliott Wave View in Dow Futures (YM) suggests that rally from 10.27.2023 low is in progress as a 5 waves impulse structure. Up from 10.27.2023, wave 1 ended at 34315 and pullback in wave 2 ended at 33913. The Index then rallied higher in wave 3 towards 38012 and pullback in wave 4 ended at 37390 as the 30 minutes chart below shows. Wave 5 higher is...
Short Term Elliott Wave View in Boeing (BA) suggests rally from 10.27.2023 low is in progress as a 5 waves impulse. Up from 10.27.2023 low, wave 1 ended at 197.14 and pullback in wave 2 ended at 189.57. The stock then resumed higher in wave 3. Up from wave 2, wave ((i)) ended at 211.09 and pullback in wave ((ii)) ended at 204.81. Boeing then extended higher in...
Short Term Elliott Wave View in America Airlines (AAL) suggests rally from 10.31.2023 low is in progress as a 5 waves impulse structure. Up from 10.31.2023 low, wave 1 ended at 12.77 and pullback in wave 2 ended at 11.95. The stock then resumed higher in wave 3. Up from wave 2, wave ((i)) ended at 12.56 and dips in wave ((ii)) ended at 12.08. The stock resumed...
Short Term Elliott Wave View in S&P 500 ETF (SPY) shows the rally from October 28 low is in progress as a 5 waves impulse Elliott Wave structure. Up from October 28 low, wave (1) ended at 459.9 and pullback in wave (2) ended at 454.34. The ETF then rallied higher again in wave (3) towards 475.89 and dips in wave (4) ended at 467.36. Wave (5) is in progress as...
Short Term Elliott Wave View in AMD shows a bullish sequence from 10.26.2023 low favoring further upside. Up from 10.26.2023 low, wave (1) ended at 125.72 and dips in wave (2) ended at 116.37. The impulse is in progress as the 45 minutes chart below shows. Internal subdivision of wave (3) was unfolding as a 5 waves impulse Elliott Wave structure. Up from wave (2),...
Short Term Elliott Wave View in GBPJPY shows that it has ended wave ((3)) at 188.66. Pullback in wave ((4)) is currently in progress as a double three Elliott Wave structure. Down from wave ((3)), wave A ended at 185.06 and wave B ended at 186.18. Wave C lower made a strong drop ended at 178.47 which completed wave (W). The yen pair then corrected in wave (X) as a...
Short Term Elliott Wave View in Nasdaq (NQ) shows a bullish sequence from 10.26.2023 low favoring further upside. Up from 10.26.2023 low, wave (1) ended at 16208.5 and dips in wave (2) ended at 15721.25. Wave (3) is in progress as the 45 minutes chart below shows. Internal subdivision of wave (3) is unfolding as a 5 waves impulse Elliott Wave structure. Up from...
Short Term Elliott Wave View in Ethereum (ETHUSD) shows that it has ended wave (3) at 2401.18. Pullback in wave (4) is currently in progress as a double three Elliott Wave structure. Down from wave 93), wave (a) ended at 2324.3 and wave (b) ended at 2374.78. Wave (c) lower ended at 2142.28 which completed wave ((w)). The crypto currency then corrected in wave...
S&P 500 (SPX) rally from 10.27.2023 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 10.27.2023 low, wave ((i)) ended at 4381.15. Wave ((ii)) ended at 4343.86 as the 1 hour chart below shows as expanded flat. The Index then resumes higher in wave ((iii)). Up from wave ((ii)), wave i ended at 4418.03 and pullback in wave ii ended at 4399.62....
Dow Futures (YM) has broken to new all-time high, suggesting the trend remains firmly bullish. It also suggests the next bullish cycle has started. Short term, rally from 11.10.2023 low is currently in progress as a 5 waves impulse Elliott Wave structure. Up from 11.10.2023 low, wave ((i)) ended at 36337 and dips in wave ((ii)) ended at 36022. Internal...