Short Term Elliott Wave view on GDX suggests cycle from October 4, 2021 low is in progress as a 5 waves impulse Elliott Wave structure. Up from October 4 low, wave (1) ended at 33.95 and pullback in wave (2) ended at 30.96. The ETF then extended higher and broke above wave (1), suggesting wave (3) has started. Up from wave (2) low, wave ((i)) ended at 32.69 and...
Short Term Elliott Wave view on FTSE suggests the rally from September 20, 2021 low is unfolding as a 5 waves impulse. Up from September 20 low, wave 1 ended at 7159.61 and dips in wave 2 ended at 6945.50. The Index then rallies higher in wave 3 towards 7281.176, and pullback in wave 4 ended at 7192.05. Internal subdivision of wave 4 unfolded as a zigzag structure...
Short Term Elliott Wave view on Dollar Index (DXY) suggests the rally from October 28, 2021 low is unfolding as a 5 waves impulse. Up from October 28 low, wave ((i)) ended at 94.3 and dips in wave ((ii)) ended at 93.82. The Index rallies higher in wave ((iii)) towards 94.47, pullback in wave ((iv)) ended at 94.28, and final leg wave ((v)) ended at 94.62. This...
Short-term Elliott wave view in Litecoin suggests the rally from October 27, 2021 low is in progress as a 5 waves impulse Elliott Wave structure. Up from October 27 low, wave (i) ended at 187.82 and pullback in wave (ii) ended at 178. The crypto currency has extended higher in wave (iii) towards 198.62. Dips in wave (iv) ended at 188 and final leg higher wave (v)...
Short-term Elliott wave view in Oil (CL) suggests the decline from Oct 25, 2021 peak is unfolding as a zigzag Elliott Wave structure. Down from Oct 25, wave ((i)) ended at 80.58 and bounce in wave ((ii)) ended at 84.88. The commodity then extends lower in wave ((iii)) towards 79.69 and bounce in wave ((iv)) ended at 83.42. Last leg lower wave ((v)) ended at 78.25...
Short-term Elliott wave view in EURUSD suggests the decline from May 25, 2021 peak is unfolding as a 5 waves impulse Elliott Wave structure. Down from May 25, wave (1) ended at 1.1664 and rally in wave (2) ended at 1.1909. Pair then extends lower in wave (3) towards 1.1522 and bounce in wave (4) ended at 1.1692. Internal of wave (4) subdivided into a double three...
Short-term Elliott wave view in S&P 500 (SPX) suggests the rally from October 4, 2021 low is in progress as a 5 waves impulse. Up from there, wave 1 ended at 4369.23 and pullback in wave 2 ended at 4290.49. The Index then extended higher in wave 3 towards 4598.53 and pullback in wave 4 ended at 4551.96. Internal subdivision of wave 4 unfolded as a zigzag...
Short-term Elliott wave view in DAX suggests the rally from October 6, 2021 low is in progress as a 5 waves impulse. Up from there, wave 1 ended at 15267.92 and pullback in wave 2 ended at 15012.07. The Index then extended higher in wave 3 towards 15781 with internal subdivision as 5 waves in lesser degree. Up from wave 2, wave ((i)) ended at 15174.29 and pullback...
Short-term Elliott wave view in Energy ETF (XLE) shows a 5 waves impulse structure from August 19, 2021 low. Up from there, wave 1 ended at 49.69 and pullback in wave 2 ended at 46.47. The ETF then extended higher in wave 3 towards 59.41 and pullback in wave 4 is also proposed complete at 57. The 1 hour chart below shows the internal subdivision of wave 4 as a...
Short-term Elliott wave view in USDCAD suggests that the decline from September 20, 2021, high is unfolding as an impulse structure favoring some more downside. Down from 9/20/2021 high, wave ((i)) ended in 5 waves at $1.2590 low. Wave ((ii)) ended at $1.2774 high, and wave ((iii)) ended in 5 waves at 1.2309 low. Then above from there, the pair made a bounce in...
Financial Times Stock Exchange (FTSE) has continued higher following other major indices world wide. Short term Elliott Wave view suggests the rally from September 20, 2021 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from September 20 low, wave 1 ended at 7159.61 and pullback in wave 2 ended at 6945.04. Index then resumes higher in wave 3...
Nasdaq Futures (NQ) breaks to a new all time high above the previous peak on September 7, 2021 at 15708.75. This suggests that buyers remain in control and the next leg higher has started. Short term Elliott Wave view suggests the rally from October 6, 2021 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from October 6 low, wave ((i)) ended at...
In larger degree context, the rally from October 1, 2021 low in S&P 500 Futures (ES) is unfolding as a 5 waves impulse Elliott Wave structure. Up from October 1 low, wave 1 ended at 4365.75 and pullback in wave 2 ended at 4267.50. Wave 3 is in progress with internal subdivision as a 5 waves in lesser degree. Up from wave 2 low, wave ((i)) ended at 4421.50 and wave...
Short Term view in Copper suggests the rally from September 21 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from September 21 low, wave ((i)) ended at 4.3175 and pullback in wave ((ii)) ended at 4.0545. The metal then extends higher in wave ((iii)) as another 5 waves in lesser degree. Up from wave ((ii)), wave (i) ended at 4.3955 and pullback...
Short Term view in XLK suggests the rally from October 5 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from October 5, wave ((i)) ended at 153.71 and pullback in wave ((ii)) ended at 149.60. Internal of wave ((ii)) unfolded as a zigzag structure. Down from wave ((i)), wave (a) ended at 150.53 and wave (b) pullback ended at 153.15. Stock then...
Short Term view in Nvidia (NVDA) suggests the rally from October 5 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from October 5, wave ((1)) ended at 213.22 and pullback in wave ((2)) ended at 204.33. Internal of wave ((2)) unfolded as a zigzag structure. Down from wave ((1)), wave (A) ended at 209.41 and wave (B) pullback ended at 212.99. Stock...
Short Term view in GBPUSD suggests the rally from September 30, 2021 low is unfolding as a zigzag Elliott Wave structure. Up from September 30, wave A ended at 1.3648 and pullback in wave B ended at 1.3542. Wave C higher is in progress with internal subdivision as a 5 waves impulse. Up from wave B, wave (i) ended at 1.3639 and dips in wave (ii) ended at 1.3581....
Short Term view in Bank of America (BAC) suggests the rally from July 19, 2021 low is in progress as a 5 waves impulse Elliott Wave structure. Up from July 19 low, wave (1) ended at 42.84 and pullback in wave (2) ended at 38.36. The stock has resumed higher in wave (3) with internal subdivision as another impulse in lesser degree. Up from wave (2), wave ((i))...