Short term Elliott Wave View view in Nike (ticker symbol: NKE) suggests the rally from October 30 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from October 30 low, wave (1) ended at 139.09 and pullback in wave (2) ended at 125.63. The stock has resumed higher in wave (3) which is unfolding in another 5 waves in lesser degree. Up from wave (2)...
S&P 500 (SPX) Elliott Wave View suggests the rally from October 31 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from October 31 low, wave (1) ended at 3646 and pullback in wave (2) ended at 3511.9. Wave (3) is currently in progress and the internal subdivision is unfolding as another 5 waves impulse in lesser degree. Up from wave (2) low at...
Elliott Wave view in $GDX suggests that the Gold Miner Index ended cycle from March low in wave ((2)) at 33.16. The Index has turned higher again in wave ((3)) with the internal unfolding as an impulse Elliott Wave structure. Gold Miners still need to break above previous wave ((1)) high on August 5 at 45.78 to avoid a double correction. Up from wave ((2)) low at...
Short term Elliott Wave view in $EURUSD suggests that rally from November 11 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from wave November 11 low, wave ((i)) ended at 1.189 and pullback in wave ((ii)) ended at 1.18. Internal of wave ((ii)) subdivided as a flat structure. Wave (a) ended at 1.1814, wave (b) ended at 1.1906, and wave (c) of...
Short term Elliott Wave view in Copper (HG) suggests that the dips to 3.11 on November 11 ended wave ((ii)). The metal has resumed higher and ended wave ((iii)) at 3.52. Internal of wave ((iii)) unfolded as a 5 waves impulse Elliott Wave structure. Up from wave ((ii)) low, wave i ended at 3.26 and pullback in wave ii ended at 3.169. The metal resumed higher in...
Short term Elliott Wave View in EURJPY suggests the rally from October 30 low is unfolding as a 5 waves impulsive Elliott Wave structure. Up from October 30 low, wave ((i)) ended at 125.13, and pullback in wave ((ii)) ended at 122.81. Wave (((iii)) is now in progress and the internal subdivides in another 5 waves in lesser degree. Up from wave ((ii)) low at...
Short term Elliott Wave View in Nasdaq (NQ) suggests the Index ended wave 2 on November 10 at 11505.33. The Index has since turned higher in wave 3. The internal of wave 3 is unfolding as a 5 waves impulse. Up from wave 2 low at 11505.33, wave (i) ended at 12065, and wave (ii) pullback ended at 11804.5. Index resumes higher in wave (iii) towards 12337.25 and wave...
Oil (CL_F) shows a bullish sequence from April 22, 2020 low calling for further upside. Near term, rally from November 2, 2020 low is unfolding as a 5 waves impulsive Elliott Wave structure where wave ((1)) ended at $43.33 and pullback in wave ((2)) ended at $40.34. Internal of wave ((2)) unfolded as a zigzag where wave (A) ended at $41.29, wave (B) ended at...
Short Term Elliott Wave view in AUDJPY suggests the pullback to 75.3 ended wave 2. Internal subdivision of wave 2 unfolded as a double three Elliott Wave structure. Down from November 11 peak (77.09), wave ((w)) ended at 75.74, wave ((x)) ended at 76.77, and wave ((y)) ended at 75.3. Pair has turned higher in wave 3, but it still needs to break above the previous...
Short Term Elliott Wave view in Alibaba suggests the decline from October 27 peak has ended at $252.5 as wave (4). The internal subdivision of wave (4) unfolded as a zigzag Elliott Wave structure. The 60 minutes chart below shows wave C of that zigzag which completed at $252.5. The stock has since turned higher in wave (5). Alibaba however still needs to break...
Short Term Elliott Wave view in Gold (XAUUSD) suggests the metal continues the correction lower. The internal of the decline from November 9 peak is unfolding as a zigzag Elliott Wave structure. Down from November 9 peak, wave ((a)) ended at 1850. Up from there, bounce in wave ((b)) unfolded as a zigzag in lesser degree. Wave (a) ended at 1890.41, wave (b) ended...
Short Term Elliott Wave view in Silver (XAGUSD) suggests the metal remains in complex correction. Decline from August 7 peak (29.86) is unfolding as a double three Elliott Wave Structure. In the 45 minutes chart below, we can see wave ((X)) of this double three ended at $26. Wave ((Y)) lower is currently in progress. Down from wave ((X)), wave 1 ended at $23.55...
Elliott Wave view in Gold Miners (GDX) suggests the Index is correcting the cycle from March 16, 2020 low. The correction is unfolding as a double three Elliott Wave Structure. In the 60 minutes chart below, we can see wave (X) of this double three ended at $42.05. The Miners have turned lower in wave (Y). The internal of wave (Y) is unfolding as a zigzag Elliott...
Elliott Wave view in Bitcoin suggests the decline to $14351 ended wave 4. The crypto currency has since rallied higher in wave 5. The internal of wave 5 is unfolding as a nesting impulsive Elliott Wave structure. Up from wave 4 low at $14351, wave ((i)) ended at $15664.9 and pullback in wave ((ii)) ended at $14824.66. Up from there, wave i ended at $15508.73, and...
Short term Elliott Wave view in DAX suggests the decline to 11450.76 ended wave ((2)). This pullback ended the correction to the cycle from March 16, 2020 low. Index is proposed to have turned higher in wave ((3)), but it should still break above the previous peak on September 3 at 13460.46. A break above this level will confirm the next leg higher has started and...
Dow Futures (YM) has broken to new all-time high above its previous high on February 13, 2020 at 29543. This suggests the bulls remain in control and the next bullish cycle has started. The 60 minutes chart below shows that the Index ended wave ((4)) at 25946 and it has resumed higher in wave ((5)). Internal of wave ((5)) is unfolding as a 5 waves impulse...
Short term Elliott Wave View in USDJPY suggests it is correcting the cycle from March 24 high in an expanded Flat Elliott Wave structure. The Flat structure started from September 21 low where wave A ended at 106.1 and wave B ended at 103.1. In the 45 minutes chart below, we can see wave B ended on November 9 low at 103.13. The internal of wave B unfolded as a...
Short term Elliott Wave View in Oil (CL) suggests it ended wave II at $33.65 on November 2. Internal of wave II unfolded as a zigzag Elliott wave structure where wave (A) ended at $37.11, wave (B) ended at 41.90, and wave (C) ended at $33.65. This wave II is part of a 5 waves impulsive Elliott Wave structure which started on April 22 low. Short term 60 minutes...