Short term Elliott Wave View in IBEX suggests the rally from January 28, 2021 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from January 28 low, wave 1 ended at 8739.9 and wave 2 pullback ended at 8274.60. The Index extended higher in wave 3 towards 9148.9 and pullback in wave 4 ended at 8804.90. Subdivision of wave 4 unfolded as a zigzag...
Short term Elliott Wave View in XLV (Healthcare EtF) suggests the rally from March 5, 2021 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from March 5 low, wave 1 ended at 115.79 and pullback in wave 2 ended at 113.35. The ETF extended higher again in wave 3 which ended at 125.19. Pullback in wave 4 ended at 121.38 as the 1 hour chart below...
Short term Elliott Wave View in EURUSD suggests the rally from March 31, 2021 low is unfolding as a 5 waves nesting impulse Elliott wave structure. Up from March 31 low, wave (1) ended at 1.215 and pullback in wave (2) ended at 1.1984. Wave (3) is now in progress with subdivision as 5 waves in lesser degree. Up from wave (2) low, wave ((i)) ended at 1.2181, and...
After forming all-time high at 4380.64 on May 12, Ethereum (ETHUSD) has sold off tremendously. In a span of just 8 days, it has dropped more than 50% to today’s low at 1856.86. We are calling the move up to 4380.64 on May 12 as wave III. The pullback to 1856.86 ended wave IV. The internal subdivision of wave IV unfolded as a zigzag Elliott Wave Structure. Down...
Bank of America (BAC) has just made a 12 year high and structure from February 1, 2021 suggests the rally is unfolding as a 5 waves impulsive Elliott Wave structure. Up from February 1, wave 1 ended at 39.97 and wave 2 pullback ended at 36.63. The stock rallies higher again and ended wave 3 at 42.94 as the 45 minutes chart below shows. Pullback in wave 4 completed...
Short Term Elliott Wave structure for XME (S&P Metals & Mining ETF) suggests the rally from March 25, 2021 low is unfolding as a 5 waves impulse Elliott Wave structure. Wave 3 of this impulse ended at 47.27 and pullback in wave 4 ended at 43. Internal subdivision of wave 4 unfolded as a zigzag. Down from wave 3, wave ((a)) ended at 44, and bounce in wave ((b))...
Short Term Elliott Wave structure for Oil (CL) suggests the rally from March 24, 2021 low ended wave (1) at 66.75 a 5 waves diagonal Elliott Wave structure. Wave (2) pullback is currently in progress to correct cycle from March 24 low before the rally resumes. Internal of wave (2) is unfolding as a zigzag Elliott Wave structure. Down from wave (1), wave ((i))...
Short Term Elliott Wave structure for Facebook (FB) suggests the rally from January 14, 2021 low ended wave ((1)) at 322.86 as an impulse Elliott Wave structure. In the 1 hour chart below, we can see wave (4) of this impulse ended at 295 and from there it rallied in wave (5) as an impulse in lesser degree towards 322.86. This completed wave ((1)) in higher...
Short Term Elliott Wave structure for USDNOK suggests the decline from March 24, 2021 high is unfolding as a 5 waves impulse Elliott Wave structure. Down from March 24 high, wave (1) ended at 8.149 and bounce in wave (2) ended at 8.369. The 45 minutes chart below shows the wave (2) bounce and pair resumes lower from there in wave (3). Pair still needs to break...
Short Term Elliott Wave structure for Gold (XAUUSD) suggests the rally from March 31, 2021 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from March 31 low, wave (1) ended at 1797.83 and wave (2) pullback ended at 1755.93. Gold has resumed higher within wave (3) which has internal subdivision of another 5 waves in lesser degree. Up from wave...
Short Term Elliott Wave structure for Bitcoin (BTCUSD) suggests pullback to 47204.57 ended wave IV. Wave V is currently in progress with internal subdivision as a 5 waves impulse Elliott Wave structure. The crypto currency still needs to break above the previous peak (wave III) on April 14 at 64895.22 to avoid a double correction. Up from wave IV, wave (1) ended...
S&P 500 E-Mini Futures (ES) rally from February 1, 2021 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from February 1 low, wave 1 ended at 3959.25 and pullback in wave 2 ended at 3720.5. The Index extends higher in wave 3 towards 4211 as the 45 minutes Elliott Wave chart below shows. Wave 4 pullback is proposed complete at 4120.4. The Index...
Short term Elliott wave view in DAX suggests the rally from January 28, 2021 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from January 28 low, wave 1 ended at 14169.49 and pullback in wave 2 ended at 13664.71. The Index extends higher in wave 3 towards 15501.84 and pullback in wave 4 is currently in progress. Internal of wave 4 unfolded as a...
Short term Elliott wave view in Silver suggests the rally from March 31, 2021 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from March 31 low, wave 1 ended at 25.61 and pullback in wave 2 ended at 24.66. The metal extends higher in wave 3 towards 26.64 and wave 4 has also ended at 25.68. Internal of wave 4 unfolded as a zigzag Elliott Wave...
Short term Elliott wave view in Ten Year Notes (ZN) suggests the decline from August 5, 2020 high is unfolding as a 5 waves impulse Elliott Wave structure. Down from August 5, 2020 high, wave 1 ended at 136 and bounce in wave 2 ended at 137’2. The Notes then extended lower and ended wave ((3)) at 130’2. Bounce in wave ((4)) is proposed complete at 137’245. Wave...
Short term Elliott wave view in Dollar Index (DXY) suggests the decline from March 31, 2021 high is unfolding as a 5 waves impulse Elliott Wave structure. Down from March 31 high, wave 1 ended at 92 and bounce in wave 2 ended at 92.41. The Index then resumed lower and ended wave 3 at 90.85 as the 45 minutes chart below shows. Bounce in wave 4 ended at 91.42 as a...
Short term Elliott wave view in Copper (HG) suggests the rally from April 1, 2021 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from April 1 low, wave 1 ended at 4.16 and pullback in wave 2 ended at 3.988. Wave 3 is currently in progress with internal subdivision as another impulse in lesser degree. Up from wave 2, wave (i) ended at 4.034 and...
Short term Elliott wave view in SPY suggests the rally from March 5, 2021 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from March 5 low, wave ((i)) ended at 398.25 and pullback in wave ((ii)) ended at 383.90. The ETF then extended higher in wave ((iii)) towards 417.91 and dips in wave ((iv)) ended at 410.61. Internal subdivision of wave ((iv))...