After forming the peak on January 25 at 900.4, Tesla (TSLA) has spent a month consolidating. The decline from January 25 high is unfolding as a zigzag Elliott Wave structure where wave (A) ended at 780.1 and wave (B) bounce ended at 880.69 as seen in the chart below. The stock is now finishing up wave (C) with the internal subdivision unfolding as a 5 waves...
Short term Elliott wave view in GBPUSD suggests the pullback to 1.3562 ended wave ((ii)). Internal of the decline unfolded as a triple three structure. Down from wave ((i)) high on January 27 at 1.3759, wave (w) ended at 1.3628 and bounce in wave (x) ended at 1.3758. Pair has resumed lower again in wave (y) towards 1.3610, and wave ((x)) bounce ended at 1.3683....
Short term Elliott wave view in AUDJPY suggests that the main cycle from March low is showing a higher high sequence favoring more upside. While in the chart below, the pullback to 28 January low (79.18) ended wave (2). Up from there, the pair is showing an overlapping 5 wave structure thus suggests that it’s forming a leading diagonal structure where wave ((i))...
The Cycle from March 2020 low in Eurostoxx shows an incomplete sequence favoring more strength in the index as far as it remains above 3476.57 low seen on 1/28/2021. In the chart below, we can see that wave (4) unfolded as a double three structure where wave W ended at 3540.25 low. Wave X bounce ended at 3607.42 high and wave Y ended at 3476.57 low. After reaching...
Since bottoming on March 2020, S&P 500 ETF (SPY) continues to make a new high, suggesting the trend and cycle remain bullish. Entire rally from March 2020 low is unfolding as a 5 waves impulse Elliott Wave structure. In the short term 45 minutes chart below, we can see wave ((4)) of this impulse ended at 368.24. The ETF has since extended higher in wave ((5))....
Cycle from March 2020 low in Nifty remains in play as a 5 waves impulse Elliott Wave structure. In the chart below, we can see wave ((3)) of the impulse ended at 14653.35. Wave ((4)) pullback has also ended at 13597.81. The internal subdivision of wave ((4)) unfolded as an Expanded Flat structure. Down from wave ((3)), wave (A) ended at 14222.80, wave (B) ended at...
Short Term Elliott Wave View in Nike (NKE) suggests the pullback to $128.91 ended wave ((4)). Internal of wave ((4)) unfolded as a Flat where wave (A) ended at 138.32, wave (B) ended at $147.90, and wave (C) ended at $128.91. The stock has resumed higher in wave ((5)), but it still needs to break above wave ((3)) at 147.95 on December 21, 2020 high to avoid a...
Short Term Elliott Wave View in Nasdaq (NQ) suggests the rally to 13599.75 ended wave (3). Pullback in wave (4) ended at 12726.87. The internal subdivision of wave (4) unfolded as a double three Elliott Wave structure. Down from wave (3) high, wave W ended at 12884.75. The Index then bounced in wave X and ended at 13394. From there, it extends lower in wave Y...
Cycle from March 2020 low in Dow Futures (YM_F) still remains intact as a diagonal 5 waves. In the 60 minutes chart below, we can see wave ((3)) of the diagonal ended at 31188. Wave ((4)) pullback is proposed complete at 29550 as a double zigzag Elliott Wave structure. Down from wave ((3)) high, wave A ended at 30457, bounce in wave B ended at 31017, and wave C...
Silver has made a new 52 week high this week suggesting last year’s correction is over. From the 60 minutes chart below, we can see the rally from January 18 low is unfolding as a 5 waves impulsive Elliott Wave structure. Up from wave ((2)) low on January 18, wave ((i)) ended at 25.56, and pullback in wave ((ii)) ended at 25.01. Wave ((iii)) ended at 25.9, wave...
Short Term Elliott Wave View in EURJPY suggests the decline to 125.07 low ended wave 2. Pair has started to turn higher in wave 3 as an impulsive structure. Rally from wave 2 low unfolded as 5 waves leading diagonal and ended wave ((i)) at 126.66. Up from wave 2 low on January 18, wave (i) ended at 126.21 and pullback in wave (ii) ended at 125.23. Pair then...
Short Term Elliott Wave View in USDJPY suggests the rally from January 6 low is unfolding as a zigzag Elliott Wave structure. Up from January 6 low, wave A ended at 104.39 and wave B pullback ended at 103.3. The 1 hour chart below shows the wave B pullback. The internal subdivision of wave B unfolded as a double three Elliott Wave structure. Down from wave A,...
Short Term Elliott Wave view in Alphabet (ticker: GOOGL) suggests the rally from December 21,2020 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from December 21 low, wave 1 ended at 1788.57 and pullback in wave 2 ended at 1696.10. Wave 3 higher remains in progress as another 5 waves of lesser degree. Up from wave 2 low at 1696.10, wave ((i))...
Short Term Elliott Wave view in General Electric (ticker: GE) suggests the rally to January 13 high at $11.91 ended wave (3). The stock is now in wave (4) pullback and the internal is unfolding as a double three Elliott Wave structure. Down from wave (3) peak, wave ((w)) ended at $11.25, bounce in wave ((x)) ended at $11.65, and wave ((y)) lower ended at $10.87....
Short Term Elliott Wave view in NZDUSD suggests the pair ended wave ((2)) pullback at 0.7093. This pullback ended correction of the cycle from September 24 low. Internal of wave ((2)) unfolded as a double three Elliott Wave structure. Wave (W) ended at 0.7144, wave (X) ended at 0.7239, and wave (Y) of ((2)) ended at 0.7093. Pair has started to turn higher in wave...
Short Term Elliott Wave view in S&P 500 (SPX) suggests the Index ended wave 1 at 3726.70 and pullback in wave 2 ended at 3636.48. Internal of wave 2 unfolded as a zigzag. Wave ((a)) ended at 3685.84, wave ((b)) ended at 3716.65, and wave ((c)) ended at 3636.48. Index has resumed higher in wave 3 with the internal subdivision as a 5 waves impulse. Up from wave 2...
Short Term Elliott Wave view in Ethereum (ETHUSD) suggests the decline to 913.59 ended wave ((4)). The crypto currency has now resumed higher in wave ((5)). Internal subdivision of wave ((5)) is unfolding as a 5 waves impulse Elliott Wave structure. Up from wave ((4)) low at 913.59, wave 1 ended at 152.78 and pullback in wave 2 ended at 985.01. The crypto currency...
Short Term Elliott Wave structure in Dollar Index (DXY) suggests the decline to 89.209 on January 6 low ended wave (3). Wave (4) bounce is currently in progress and the Index shows an incomplete 5 swing sequence from January 6 low, favoring more upside. Internal of wave (4) is unfolding as a double three WXY Elliott Wave structure. Up from wave (3) low at 89.209,...