Short Term Elliott Wave in Tesla (TSLA) shows that the rally from 8.18.2023 low is in progress as a 5 waves impulse. Up from 8.18.2023 low, wave (1) ended at 278.99 and dips in wave (2) ended at 234.58. The stock has turned higher in wave (3). Up from wave (2), wave ((i)) ended at 254.77 and pullback in wave ((ii)) ended at 239.35. The stock resumed higher in...
Short Term Elliott Wave in S&P 500 ETF (SPY) suggests that the ETF has ended correction in wave ((4)) at 418.81. The decline from 7.27.2023 high unfolded as a zigzag Elliott Wave structure. Down from 7.27.2023 high, wave (A) ended at 433.01 and wave (B) ended at 453.67. Wave (C) lower subdivided into 5 waves impulse. Down from wave (B), wave 1 ended at 442.75 and...
Short Term Elliott Wave in Nvidia (NVDA) suggests the stock ended wave IV correction at 407.24. The stock has turned higher in wave V with internal subdivision as a 5 waves impulse. Up from wave IV, wave 1 ended at 428.2 and pullback in wave 2 ended at 416.29. The stock extended higher in wave 3 towards 441.44 and pullback in wave 4 ended at 433.07. Final leg...
Short Term Elliott Wave in EURUSD suggests cycle from 8.30.2023 high is in progress as a 5 waves impulse. Down from 8.30.2023 high, wave ((i)) ended at 1.063 and rally in wave ((ii)) ended at 1.0737 as the 1 hour chart below shows. Pair then extended lower in wave ((iii)) with internal subdivision as another 5 waves in lesser degree. Down from wave ((ii)), wave...
Gold Miners ETF (GDX) shows incomplete bearish sequence from 5.4.2023 high looking for further downside. In shorter cycle, the decline from 7.18.2023 high is in progress as a 5 waves impulse. Down from 7.18.2023 high, wave 1 ended at 27.27 and rally in wave 2 ended at 30.13. The ETF then extended lower in wave 3 towards 25.68. Internal subdivision of wave 3...
Gold shows incomplete bearish sequence from 5.4.2023 high favoring further downside. Down from 5.4.2023 high, wave (W) ended at 1898.12 and wave (X) rally ended at 1987.42. Gold then resumed lower in wave (Y) with internal subdivision as a zigzag Elliott Wave structure. Down from wave (X), wave A ended at 1884.89 low and wave B ended at 1952.95 high on September...
Short term Elliott Wave view suggests that cycle from 9.1.2023 high in Ten Year Notes ($ZN) remains incomplete. The decline is unfolding as a 5 waves impulse Elliott Wave structure. Down from 9.1.2023 high, wave 1 ended at 109’19 and rally in wave 2 ended at 110’07. The Notes extended lower in wave 3 as an impulse in lesser degree. Down from wave 2, wave ((i))...
Short term Elliott Wave view suggests the USDJPY is trading to the upside in a wave 3 following an impulse structure. Up from wave 2 at 9.11.2023 low, wave ((i)) ended at 148.46 as a leading diagonal. Wave ((ii)) made a zig zag correction (a), (b), and (c) ended at 147.29 low. From here, the pair continued the rally trading higher in wave ((iii)). 1 hour chart...
QQQ shows 3 swings lower from July 19, 2023 high favoring further downside to reach equal legs target. The drop from July 19 high is unfolding as a zig zag correction Elliott Wave structure. Down from July 19 high, wave (A) ended at 354.71 and wave (B) corrective rally ended at 381.05. Wave (C) lower is currently in progress as a 5 waves impulse structure. The ETF...
Rusell (RTY) shows a 3 swing from July 31, 2023 high favoring further downside to reach equal legs target. It breaks below August 25 low confirming the idea. The drop from July 31 high is unfolding as a zig zag correction Elliott Wave structure. Down from July 31 high, wave A ended at 1832.80 and wave B corrective rally ended at 1934. Wave C lower is currently in...
SPX shows a 5 swing sequence from July 27, 2023 high favoring further downside. 5 swing is an incomplete bearish sequence and the Index therefore likely extends lower. The drop from July 27 high unfolded as a double correction Elliott Wave structure. Down from July 27 high, wave ((a)) ended at 4461.33 and pullback in wave ((b)) ended at 4523.34 The Index extended...
Short term Elliott Wave view suggests the USDX is correcting cycle from 9.28.2022 high in an expanded flat structure. Down from 9.28.2022 high, wave (A) ended at 100.82 and wave (B) is still ending a flat correction higher. Up from 100.82 wave A ended at 105.88. Then we saw 3 swings lower to end wave B at 99.58 and after that, the index rallied in wave C of (B)....
Short Term Elliott Wave View in Silver (XAGUSD) suggests decline from 7.20.2023 high is in progress as a 5 waves diagonal. Down from 7.20.2023 high, wave 1 ended at 22.608 and rally in wave 2 ended at 25. The metal extends lower in wave 3 with internal subdivision as 5 waves. Down from wave 2, wave ((i)) ended at 24.34 and rally in wave ((ii)) ended at 24.82. The...
Short Term Elliott Wave View in Apple (AAPL) suggests the decline from 7.19.2023 high is unfolding as a zigzag structure. Down from 7.19.2023 high, wave ((A)) ended at 171.7 and rally in wave ((B)) ended at 190. The stock has turned lower in wave ((C)) although it still needs to break below wave ((A)) at 171.7 to confirm the view. Down from wave ((B)), wave 1...
Short Term Elliott Wave View in Oil (CL) suggests the rally from 6.12.2023 low is in progress as a 5 waves impulse structure. Up from 6.12.2023 low, wave 1 ended at 84.89 and pullback in wave 2 ended at 77.59. Oil then extends higher again in wave 3. Internal subdivision of wave 3 unfolded as another 5 waves impulse in lesser degree. Up from wave 2, wave ((i))...
Netflix (NFLX) decline from 7.20.2023 high is unfolding as a double three Elliott Wave structure. Down from 7.20.2023 high, wave (A) ended at 411.88 and rally in wave (B) ended at 445.25. Wave (C) lower ended at 398.15 which completed wave ((W)). Rally in wave ((X)) ended at 453.53 with internal subdivision as a zigzag strcuture. Up from wave ((W)), wave (A) ended...
Nasdaq (NQ) shows a 5 swing sequence from August 18, 2023 low favoring further upside. 5 swing is a motive sequence and the Index therefore likely extends higher. The rally from August 18 low is unfolding as a diagonal Elliott Wave structure. Up from August 18, wave 1 ended at 15418 and pullback in wave 2 ended at 14751.7. The Index extended higher again in wave 3...
Short term Elliott Wave view suggests rally from August 18, 2023 low is unfolding as a 5 waves impulse. Up from August 18 low, wave 1 ended at 241.55 and pullback in wave 2 ended at 226.50. The stock then extended higher in wave 3 towards 261.18. Pullback in wave 4 ended at 242 with internal subdivision as a regular flat. Down from wave 3, wave ((a)) ended at...