Short term Elliott Wave in EURUSD suggests rally to 1.078 ended wave ((4)). Wave ((5)) lower is currently in progress with subdivision as a 5 waves impulse Elliott Wave structure. Pair however still needs to break previous wave ((3)) low at 1.0348 on May 13, 2022 to rule out a double correction. Down from wave ((4)), wave 1 ended at 1.0625 and rally in wave 2...
NASDAQ ($NQ) broke below previous low on 5/20/2022 at 11490.50 and opens up a bearish sequence favoring further downside. The entire decline from 11/22/2021 high is unfolding as a zig zag Elliott Wave structure. A zig zag structure is a 3 swing corrective structure where A, B, and C subdivides into 5-3-5 waves. Down from 11/22/2021 high, wave ((A)) ended at...
Short term Elliott Wave view in Ethereum (ETHUSD) suggests that the decline from March 28, 2022 high is unfolding as a zigzag Elliott Wave structure. Down from March 28, 2022 high, wave ((A)) ended at 1700 and wave ((B)) ended at 1918.17. Wave ((C)) lower is currently in progress as the chart below shows. Internal subdivision of wave ((C)) is unfolding as a 5...
Russell 2000 (RTY) broke below previous low on 5/12/2022 at 1698.3 and opens up a bearish sequence favoring further downside. The entire decline from 11/8/2021 high is unfolding as a double three Elliott Wave structure. Double three structure is an 7 swing corrective structure where W, X, and Y subdivides into 3 waves. Down from 11/8/2021 high, wave ((W)) ended at...
Short Term View in USDCAD suggests cycle from 06.08.2022 blue box low finished as a 5 waves impulse Elliott Wave structure. Up from June 08 low, wave (i) ended at 1.2580 and dips in wave (ii) ended at 1.2546. Pair then resumes higher in wave (iii) with internal subdivision as an impulse in lesser degree. Up from wave (ii), wave i ended at 1.2709 and pullback in...
S&P 500 (SPX) broke below previous low on 5/21/2022 at 3810.32 and opens up a bearish sequence favoring further downside. The entire decline from 1/4/2022 high is unfolding as a triple three Elliott Wave structure. Triple three structure is an 11 swing corrective structure where W, Y, and Z subdivides into 3 waves. Down from 1/4/2022 high, wave ((W)) ended at...
Short term View in Bitcoin suggests that cycle from March 28, 2022 high is unfolding as a zigzag Elliott Wave structure. Down from March 28 peak, wave ((A)) ended at 25401 and rally in wave ((B)) ended at 32375.81. Bitcoin has resumed lower in wave ((C)) with internal unfolding as a 5 waves impulse Elliott Wave structure. Down from wave ((B)), wave ((i)) ended at...
USDCHF ended wave (4) pullback at 0.954, and pair has now turned higher in wave (5). Pair still needs to break above the previous wave (3) high on 5/16/2022 high at 1.0064 to confirm the next leg higher has started. Internal subdivision of wave (5) is unfolding as a 5 waves impulse Elliott Wave structure. Up from wave (4), wave (i) ended at 0.958 and pullback in...
The 3/7/2022 low of 12438.85 in $DAX completed correction to the cycle from March 2020 low (Covid-19 low). From 3/7/2022 low, DAX has turned higher in a 5 waves impulse Elliott Wave structure. Up from 3/7, wave (1) ended at 14925.25 and pullback in wave (2) ended at 13387.74 as the 1 hour chart below shows. Internal of wave (2) unfolded as a zigzag where wave A...
EURJPY shows an incomplete bullish sequence from March 2022 low favoring further upside. The 100% – 161.8% Fibonacci extension from March 2022 low can see pair reaching 148.3 – 158 level in the medium term. Short term Elliott Wave view in the pair suggests rally from May 12, 2022 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from 5/12, wave 1...
Short Term Elliott Wave View in FTSE suggests rally from 3/7/2022 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from 3/7 low, wave (1) ended at 7669.56 and pullback in wave (2) ended at 7159.19. Internal subdivision of wave (2) unfolded as a double three where wave W ended at 7339.53, wave X ended at 7619.39, and wave Y ended at 7158.53 which...
Short Term Elliott Wave View in SPX suggests the index has completed a corrective cycle from January 2022 peak. The market bounced from the blue box area at 3807.95 where wave II finished. The rally from 5/22/2022 low looks like it is unfolding as a 5 waves impulse Elliott Wave structure. Up from 5/22/2022 low, wave ((i)) ended at 3982.20 and dips in wave ((ii))...
Short Term Elliott Wave View in CADJPY suggests cycle from April 20, 2022 high has ended with wave ((2)) at 97.73. Pair rallies from that level building an impulsive structure as wave 1 ended at 101.16. Then we saw a zigzag Elliott Wave structure as wave 2. Down from wave 1 high, wave ((a)) ended at 99.10, pullback in wave ((b)) ended at 100.39. Then pair drop...
Short Term Elliott Wave View in Tesla (TSLA) suggests cycle from 11/4/2021 peak ended at 617.20 as wave (II). The stock should now either start the next rally in super cycle wave (III) or else do a 3 waves rally at least. The rally from wave (II) low looks impulsive. Up from wave (II) low, wave 1 ended at 669.32 and pullback in wave 2 ended at 640. Wave 3 ended at...
Short Term Elliott Wave View in DAX suggests the rally from 3/7/2022 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from 3/7/2022 low, wave (1) ended at 14925.25 and dips in wave (2) ended at 13391.12. Internal of wave (2) unfolded as a zigzag structure. Down from wave (1), wave A ended at 13566.2, wave B ended at 14315.24. Wave C ended at...
Short Term Elliott Wave View in IBEX suggests rally from 3/7/2022 low is in progress as a 5 waves impulse. Up from 3/7 low, wave (1) ended at 8875.30. Wave (2) pullback has ended at 8137.37 with internal subdivision as a double three. Down from wave (1), wave ((a)) ended at 8512.3, rally in wave ((b)) ended at 8703.50, and third leg lower wave ((c)) ended at...
Short Term Elliott Wave View in GBPJPY suggests cycle from April 20, 2022 high has ended with wave ((2)) at 155.55. Pair rallies from that level building an impulsive structure as wave 1. Up from the wave ((2)), wave ((i)) ended at 159.24, pullback in wave ((ii)) ended at 157.40. Then pair rally in wave ((iii)) ended at 161.59, small pullback as wave ((iv))...
Short Term Elliott Wave View in Silver (XAGUSD) suggests cycle from 3/8/2022 high ended as a 5 waves impulse structure at 20.42. This impulse wave lower ended wave (1). Wave (2) corrective rally is now in progress as a double three Elliott Wave Structure. Rally from wave (1) began the first leg of a zig zag correction. Wave ((a)) ended at 21.29 and a pullback in...