IBEX shows an incomplete bearish sequence from 6.14.2021 high favoring further downside against 5.30.2022 high (8992.7). Short term, Index is now correcting cycle from 5.30.2022 high in 3, 7, or 11 swing before the decline resumes. Down from 5.30.2022 high, wave (W) ended at 7191.57 as the 1 hour chart below shows. Wave (X) rally is currently in progress to...
Short term Elliott Wave view on Nifty suggests the decline from 9.15.2022 high is unfolding as a 5 waves impulse Elliott Wave structure. Down from 9.15.2022 high, wave 1 ended at 17429.7 and rally in wave 2 ended at 17919.30. Index then resumes lower in wave 3 towards 16820.40, rally in wave 4 ended at 17026.05, and final leg lower wave 5 ended at 16747.70 which...
Short term Elliott Wave view on Nasdaq (NQ) shows an incomplete bearish sequence from 11.22.2021 high favoring further downside in the higher time frame. Near term, cycle from 8.16.2022 high has ended and the Index is now rallying to correct this cycle in 3, 7, or 11 swing before the decline resumes. Down from 8.16.2022 high, wave (A) has ended at 10485.39 as the...
Short term Elliott Wave view on Gold (XAUUSD) continued with bearish momentum from 10.04.2022 high calling for further downside. Decline from 10.04.2022 high is unfolding in 3 waves to complete a double correction. Down from 10.04.2022 high, wave (i) ended at 1700.00 and rally in wave (ii) ended at 1725.78. Then XAUUSD resumes the drop as wave (iii). Internal...
Short term Elliott Wave view on Silver (XAGUSD) continued with bearish momentum from 10.04.2022 high calling for further downside. Decline from 10.04.2022 high is unfolding as a 5 waves impulse. Down from 10.04.2022 high, wave ((i)) ended at 19.92 and rally in wave ((ii)) ended at 20.87. Then silver resumes the drop as wave ((iii)). Internal subdivision has...
Short term Elliott Wave view on EURUSD suggests the cycle from 10.04.2022 high is over at 0.9630 low as a double correction structure. The market bounced and a new double correction is in progress to end the cycle from 9.28.2022. Up from 10.13.2022 low, wave (a) ended at 0.9808 and dips in wave (b) ended at 0.9706 as a flat correction. Pair then resumes higher in...
EURJPY broke above the previous high on 9.12.2022 and shows bullish sequence favoring further upside against 140.87 in the first degree. Up from 9.26.2022 low, wave 1 ended at 144.08 and dips in wave 2 ended at 140.87. The pair has resumed higher in wave 3 with internal subdivision as another 5 waves in lesser degree. Up from wave 2, wave ((i)) ended at 144.84 and...
Short term view of Hangseng Index suggests cycle from 6.28.2022 high is unfolding as a 5 waves impulse Elliott Wave structure. Down from 6.28.2022 high, wave ((i)) ended at 19469.11 and wave ((ii)) ended at 20185.15. Index then resumes lower in wave ((iii)) towards 16906.96 with internal subdivision as an impulse in lesser degree. Wave ((iv)) rally ended at...
S&P 500 (SPX) shows a 5 swing bearish sequence from 1.4.2022 high calling for further downside towards the extreme area of 2425 – 3150. Short term, the decline from 8.16.2022 high remains in progress as a 5 waves impulse Elliott Wave structure. Down from 8.16.2022 high, wave 1 ended at 3906.03 and rally in wave 2 ended at 4119.28. The Index resumes lower in wave 3...
Short term Elliott Wave view on Alphabet (ticker: GOOGL) suggests the decline from 8.16.2022 peak is unfolding as a 5 waves impulse structure. Down from 8.16.2022 peak, wave ((1)) ended at 105.78 and rally in wave ((2)) ended at 111.62. Stock resumed lower in wave ((3)) towards 95.56 and rally in wave ((4)) ended at 102.93. Internal of wave ((4)) unfolded as an...
Short term Elliott Wave view on USDCAD suggests the cycle from 8.11.2022 low is in progress as a 5 waves impulse structure. Up from 8.11.2022 low, wave (1) ended at 1.3208 and dips in wave (2) ended at 1.295. Pair then resumes higher in wave (3) towards 1.3833. Pullback in wave (4) ended at 1.35 with internal subdivision as a zigzag structure. Down from wave (3),...
Dow Futures (YM) shows incomplete bearish sequence from 1.5.2022 high favoring further downside. The decline from 8.16.2022 high is in progress as a double three Elliott Wave structure. Down from 8.16.2022 high, wave A ended at 30975 and rally in wave B ended at 32789. Index extends lower again wave C towards 28635 which completed wave (W). Rally in wave (X) is...
DAX shows incomplete bearish sequence from 11.18.2021 high and 3.29.2022 high favoring further downside. Decline from 3.29.2022 high is unfolding as a double three Elliott Wave structure. Down from 3.29.2022 high, wave (W) ended at 12390.95 and wave (X) rally ended at 13947.85. Wave (Y) decline is now in progress with subdivision as another double three WXY in...
Nike (ticker: NKE) shows incomplete bearish sequence from the all-time high 11.5.2021 high as well as from 3.30.2022 high. The ideal and minimum target for this bearish sequence is around 77. The right side therefore remains to the downside and rally should fail in 3, 7, or 11 swing. Near term, the Elliott Wave view on Nike (NKE) suggests that cycle from...
Short term Elliott Wave view on AUDUSD suggests that cycle from 8.11.2022 high is in progress as a 5 waves impulse structure. Down from 8.11.2022 high, wave 1 ended at 0.6699 and rally in wave 2 ended at 0.6916. Wave 3 took the form of an impulse in lesser degree. Down from wave 2, wave ((i)) ended at 0.6701 and rally in wave ((ii)) ended at 0.677. Pair resumes...
Short term Elliott Wave view on USDCAD suggests cycle from 8.11.2022 high is in progress as a 5 waves impulse structure. Down from 8.11.2022 high, wave 1 ended at 0.9864 and rally in wave 2 ended at 1.0198. Pair has resumed lower in wave 3 towards 0.9536. Down from wave 2, wave ((i)) ended at 0.9943 and rally in wave ((ii)) ended at 1.0052. Pair then resumes...
Short term Elliott Wave view on USDCAD suggests cycle from 8.11.2022 low is in progress as a 5 waves impulse structure. Up from 8.11.2022 low, wave 1 ended at 1.3208 and pullback in wave 2 ended at 1.2954. Pair has resumed higher in wave 3 with internal subdivision in another 5 waves of lesser degree. Up from wave 2, wave ((i)) ended at 1.3344 and pullback in wave...
Short term Elliott Wave view on Bank of America (BAC) shows that cycle from 9.12.2022 high is unfolding as a 5 waves impulse Elliott Wave structure. Down from 9.12.2022 high, wave 1 ended at 33.54 and rally in wave 2 ended at 34.90. The stock has resumed lower in wave 3. Down from wave 2, wave ((i)) ended at 33.66 and rally in wave ((ii)) ended at 34.87. The stock...