Elliottwave-Forecast

Elliottwave-Forecast

Short term Elliott Wave View suggests that rally from January 29 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from January 29 low, wave (1) ended at 85.098 and pullback in wave (2) ended at 83.597. Pair then resumed higher and ended wave (3) at 88.082. Internal subdivision of wave (3) unfolded as impulse in lesser degree. Up from wave (2) low,...

Elliottwave-Forecast

Short term Elliott Wave View suggests that AUDUSD ended wave ((4)) pullback at 0.7617. Pair however still needs to break above wave ((3)) high at 0.8007 to avoid a double correction. Up from wave ((4)) low, wave ((i)) ended at 0.7726 and pullback in wave ((ii)) ended at 0.7665. Pair then resumed higher in wave ((iii)) towards 0.7784 and pullback in wave ((iv))...

Elliottwave-Forecast

Short term Elliott Wave View suggests that CADJPY’s rally from March 1, 2021 low is unfolding a 5 waves impulse Elliott Wave structure. Up from March 1, 2021 low, wave 1 ended at 86.38 and pullback in wave 2 ended at 85.708. Up from there, wave ((i)) ended at 86.048 and wave ((ii)) pullback ended at 85.74. Pair then extended higher in wave ((iii)) towards 87.489,...

Elliottwave-Forecast

Short term Elliott Wave View suggests that the rally from September 2020 low is unfolding as a 5 waves impulse Elliott Wave structure. The 1 hour chart below shows wave (3) of this impulse ended at 35.2. Wave 4 of (3) ended at 32.16, and the rally in wave 5 of (3) unfolded as an impulse in lesser degree. Up from wave 4, wave ((i)) ended at 33.95, and pullback in...

Elliottwave-Forecast

Short term Elliott Wave View suggests that EURUSD ended wave ((4)) pullback at 1.1834. Internal of wave ((4)) unfolded as a zigzag Elliott Wave structure where wave (A) ended at 1.1951, wave (B) ended at 1.2243, and wave (C) ended at 1.1834. Wave ((5)) higher is now in progress as an impulse structure but pair still needs to break above wave ((3)) on January 6 at...

Elliottwave-Forecast

Short term Elliott Wave View suggests that Eurostoxx rallies from January 28 low as a 5 waves impulse Elliott Wave structure. Up from January 28 low, wave 1 ended at 3742.53 and pullback in wave 2 ended at 3622.24. Internal of wave 2 unfolded as a Flat where wave ((a)) ended at 3643.33 and bounce in wave ((b)) ended at 3728.65. Index then resumed lower and ended...

Elliottwave-Forecast

Short term Elliott Wave View suggests that the rally from February 28, 2021 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from February 28 low, wave (1) ended at 1658 and pullback in wave (2) ended at 1443.77. Internal of wave (2) subdivided as a zigzag where wave A ended at 1527.09 and wave B ended at 1602.45. Final leg wave C of (2) ended at...

Elliottwave-Forecast

Elliott Wave View suggests that since forming the low in March 2020, S&P E-Mini Futures (ES) has rallied in an impulse Elliott Wave structure. Rally to 3959.25 ended wave ((3)) and pullback in wave ((4)) is proposed complete at 3721.55 as a double three structure. Down from wave ((3)), wave (W) ended at 3804.75, rally in wave (X) ended at 3934.50, and decline to...

Elliottwave-Forecast

Elliott Wave in Oil (CL) suggests the rally from April 23, 2020 low is unfolding as an impulse Elliott Wave structure. It is currently still ending wave ((3)) from April 23, 2020 low. Within wave ((3)) subdivision, it’s now in the wave (5). Short term 45 minutes chart below shows the rally to 63 ended wave (3) of ((3)). Pullback in wave (4) of ((3)) has ended at...

Elliottwave-Forecast

DAX has broken to new all-time high suggesting the next leg higher has likely started. Short Term Elliott Wave View on the Index suggests the rally to 14169.49 high ended wave (1). Pullback in wave (2) is proposed complete at 13664.06 with internal subdivision as a double three Elliott Wave structure. Down from wave (1) peak, wave W ended at 13830.12 and bounce in...

Elliottwave-Forecast

Short Term Elliott Wave View on GBPUSD suggests the rally to 1.4239 ended wave ((W)). Pair is now correcting in wave ((X)) in a larger 3, 7, or 11 swing pullback. Internal of wave ((X)) is proposed to be unfolding as a zigzag Elliott Wave structure. Zigzag is a 5-3-5 structure where wave A and C subdivide into a 5 waves either as impulse or diagonal. Down from...

Elliottwave-Forecast

Silver (XAGUSD) formed a high on February 1 at $30.09 during the reddit #silversqueeze event. Since then, the metal has continued to pullback. The decline from February 1 peak is progressing as a zigzag Elliott Wave structure where wave (A) ended at $25.87, and wave (B) ended at $28.33. Internal of wave (B), as seen in the 1 hour chart below, unfolded as a Flat...

Elliottwave-Forecast

Short term Elliott Wave View in AUDJPY suggests cycle from January 28 low has ended with wave 1 at 84.95. The rally from January 28 low unfolded as a 5 waves impulse where wave ((i)) ended at 80.647 and pullback in wave ((ii)) ended at 79.52. Index resumed higher in wave ((iii)) which ended at 83.43, and pullback in wave ((iv)) ended at 82.89. The final leg higher...

Elliottwave-Forecast

Dow Futures (YM_F) continues to make a new all-time high and the Index should see further upside. Short term Elliott Wave suggests the rally from February 1 low is unfolding as a 5 waves impulse. Up from February 1 low, wave 1 ended at 31662 and pullback in wave 2 ended at 31100. The internal subdivision in wave 2 unfolded as a double three Elliott Wave structure....

Elliottwave-Forecast

GBPJPY continues to rally in impulsive Elliott Wave structure from January 18, 2021 low (140.3). Up from there, wave ((i)) ended at 144.09 and pullback in wave ((ii)) ended at 142.81. Pair extended higher in wave ((iii)) which ended at 148.29 and pullback in wave ((iv)) ended at 147.52. Wave ((v)) is now in progress and should subdivide in another 5 waves in...

Elliottwave-Forecast

Short Term Elliott Wave in Nasdaq (NQ) suggests the rally from September 21, 2020 low is unfolding as a 5 waves impulse Elliott Wave structure. In the chart below, we can see wave (4) ended at 12727.25. Index has resumed higher in wave (5) with subdivision as another 5 waves in lesser degree. Up from wave (4) low, wave ((i)) ended at 13584.5, and pullback in wave...

Elliottwave-Forecast

Gold has been consolidating for 6 months after forming the top at $2075 on August 2020 and the low at $1764 on November 2020. Today, the metal has finally broken out of the range to the downside. This suggests the weakness in the metal should continue in the near term. 45 Minutes chart in Gold below shows the rally to $1855.3 ended wave (2). Gold thus is within...

Elliottwave-Forecast

Short term Elliott Wave view on DAX suggests that the decline to 13309.4 ended wave ((4)). The Index has resumed higher in wave ((5)) with internal subdivision as a 5 waves impulse Elliott Wave structure. Up from wave ((4)) low, wave ((i)) ended at 13698.54 and wave ((ii)) pullback ended at 13403.74. Index then resumed higher again in wave ((iii)) towards...