AUDJPY has a higher high bullish sequence from 7.28.2023 low favoring further upside with 100% – 161.8% target towards 98.08 – 101.23. Short term, the rally from 10.3.2023 low is unfolding as a 5 waves impulse. Up from 10.3.2023 low, wave ((i)) ended at 95.825 and pullback in wave ((ii)) ended at 94.227 as the 1 hour chart. Pair then resumed higher in wave...
Short term Elliott Wave view in Gold Miners ETF (GDX) suggests the ETF is correcting cycle from 10.4.2023 low. Rally from 10.4.2023 low ended wave (1) at 30.16. Pullback in wave (2) is unfolding as a zigzag Elliott Wave structure. Down from wave (1), wave A ended at 27.61 as a diagonal. Rally in wave B ended at 29.81 as another zigzag in lesser degree. Up from...
Short Term Elliott Wave in Gold (XAUUSD) suggests that the metal is correcting cycle from 10.6.2023 low. Up from 10.6.2023 low, wave (1) ended at1997.16. Pullback in wave (2) is in progress as an expanded Flat structure. Down from wave (1), wave A ended at 1953.4 and rally in wave B ended at 2009.38. Internal of wave (B) unfolded as a zigzag in lesser degree as...
Short Term Elliott Wave in Nasdaq Futures (NQ_F) shows the Index ended wave ((W)) at 14140.25. The Index rallies to correct cycle from 7.19.2023 high in wave ((X)). Internal of wave ((X)) is unfolding as a zigzag Elliott Wave structure. Up from wave ((W)), wave (A) is in progress as a nesting impulse. Wave 1 rally ended at 14476.5 and pulback in wave 2 ended at...
The short-term Elliott wave view in the DAX suggests that the index has ended the cycle from the 31 July 2023 peak as a leading diagonal structure in a higher degree corrective sequence. Whereas the decline to 15468 low ended wave 1, wave 2 ended at 16042 high. Wave 3 ended at 14948 low & wave 4 ended at 15575 high. Down from there, wave 5 unfolded in a lesser...
The short-term Elliott wave view in the AUDUSD suggests that the decline from the 02 February 2023 peak has ended as a diagonal structure where wave 1 ended at $0.6458 low. A bounce to $0.6899 high ended wave 2. Wave 3 ended at $0.6356 low, and wave 4 ended at $0.6511 high. Then a decline to $0.6269 low ended wave 5 thus ended wave (1). Above from there, the pair...
The short-term Elliott wave view in the GBPJPY suggests that the cycle from 03 October 2023 low is nesting higher & expected to accelerate higher. Up from there, the rally to 183.81 high ended wave 1 & then made a pullback in wave 2. The internals of that pullback unfolded as Elliott wave flat correction. Whereas the first leg of the flat ended in wave ((a)) at...
The Short-term Elliott wave view in the Tesla stock ticker symbol: TSLA is doing a pullback from the 19 July 2023 peak to correct the cycle from the 06 January 2023 low. The pullback from the peak is unfolding as Elliott wave double three structure where wave (W) ended in 3 swings at $212.36 low. Up from there, the stock made a 3-wave bounce higher in wave (X)...
Russell 2000 (RTY) is close to breaking below 6.16.2022 low at 1640.70. A break below that level will open a bearish sequence from 11.8.2021 peak favoring further downside. Short term Elliott Wave View suggests that cycle from 8.1.2023 high is in progress as an impulse Elliott Wave structure. Down from 8.1.2023 high, wave 1 ended at 1832.8 and rally in wave 2...
Short term Elliott Wave View in S&P 500 (SPX) suggests that cycle from 7.28.2023 high is in progress as a diagonal structure. Down from 7.28.2023 high, wave 1 ended at 4344.75 and rally in wave 2 ended at 4532.26. Index resumes lower in wave 3 towards 4216.45 as the 45 minutes chart below shows. Wave 4 ended at 4393.04 with internal subdivision as a zigzag...
Short Term view of Bitcoin (BTCUSD) suggests that cycle from 9.11.2023 low is in progress as an impulse Elliott Wave structure. Up from 9.11.2023 low, wave 1 ended at 27493.1 and pullback in wave 2 ended at 25994.2. The crypto currency then extended higher again in wave 3. Up from wave 2, wave ((i)) at 28582.4 and pullback in wave ((ii)) ended at 26526.78 as the...
EURJPY extends higher and the pair has broken above the previous high on 8.30.2023 at 159.76 suggesting the next leg higher has started. Cycle from 10.3.2023 low is currently in progress as an impulse structure. Up from 10.3.2023 low, wave (i) ended at 158.26. Pullback in wave (ii) ended at 156.5 and wave (iii) rally ended at 158.44. Dips in wave (iv) ended at...
Short Term Elliott Wave in NZDUSD shows pair is unfolding as a 5 waves move lower from 2.2.2023 high. Down from 2.2.2023 high, wave 1 ended at 0.6084 and rally in wave 2 ended at 0.6411. Pair resumed lower in wave 3 towards 0.58594. Bounce in wave 4 ended at 0.6054 as the 1 hour chart below. Pair has resumed lower in wave 5. Internal subdivision of wave 5 is...
Short Term Elliott Wave in Dow Futures (YM) suggests the decline from 7.27.2023 high has ended with wave (W) at 33014. The Index is now correcting that cycle in wave (X) with internal subdivision as a double three Elliott Wave structure. Up from wave (W), wave (i) ended at 33410 and pullback in wave (ii) ended at 33032. Index then resumed higher again in wave...
Short Term Elliott Wave in Light Crude Oil (CL) suggests the decline from 9.28.2023 high ended wave (W) at 81.53. Internal subdivision of (W) unfolded in a double three Elliott Wave structure. Down from 9.28.2023 high, wave ((a)) ended at 90.35 and wave ((b)) ended at 91.88. Wave ((c)) lower ended at 87.76 which completed wave W. Rally in wave X ended at 90.27....
Short Term Elliott Wave in Boeing (BA) suggests the decline from 8.1.2023 high is unfolding as a 5 waves impulse. Down from 8.1.2023 high, wave 1 ended at 212.88 and wave 2 rally ended at 231.17. The stock then extends lower in wave 3 towards 182.55, and wave 4 rally ended at 199.65. Internal subdivision of wave 4 unfolded as a zigzag. Up from wave 3, wave ((a))...
Short Term Elliott Wave in Silver (XAGUSD) suggests cycle from 5.5.2023 high ended with wave ((2)) at 20.65. Internal subdivision of wave ((2)) unfolded in a double three Elliott Wave structure. Down from 5.5.2023 high, wave (W) ended at 22.1 and wave (X) ended at 25.26. Wave (Y) ended at 20.65 which completed wave ((2)) as the 45 minutes chart below shows. The...
Short Term Elliott Wave in S&P 500 Futures (ES_F) suggests that cycle from 7.27.2023 high has ended with wave (4) at 4235.5. The Index has turned higher in wave (5). The rally is currently in progress as a 5 waves impulse Elliott Wave structure. Up from wave (4), wave ((i)) ended at 4304 and pullback in wave ((ii)) ended at 4242.35. The Index then extended higher...