After forming the low on September 26, 2022 low, GBPUSD shows an incomplete higher high bullish sequence. This suggests the right side is higher and dips therefore should see support in 3, 7, or 11 swing. The pair is currently correcting cycle from 10.4.2023 low. Internal subdivision of the correction is unfolding as a double three Elliott Wave structure. Down...
Short Term Elliott Wave View in S&P 500 Futures (ES) suggests that cycle from 8.5.2024 low is in progress as a 5 waves impulse. Up from 8.5.2024 low, wave 1 ended at 5669.75 and dips in wave 2 ended at 5394. The Index extends higher in wave 3 towards 5830 and pullback in wave 4 ended at 5724. Internal subdivision of wave 4 unfolded as a zigzag structure. Down from...
Short Term Elliott Wave View in spot Silver (XAGUSD) suggests that rally from 8.8.2024 low is in progress as an impulse. Up from 8.8.2024 low, wave 1 ended at 30.18 and dips in wave 2 ended at 27.69. Wave 3 higher ended at 32.71 and pullback in wave 4 ended at 30.13 with internal subdivision as an expanded Flat structure. Down from wave 3, wave ((a)) ended at...
Short Term Elliott Wave View in Nasdaq (NQ) suggests that the Index formed a 5 swing sequence since 8.5.2024 low. Since 5 swing Elliott Wave sequence is a motive sequence, it favors further upside. Up from 8.5.2024 low, wave 1 ended at 20025.25 and pullback in wave 2 ended at 18339.75. Wave 3 higher ended at 20538 and dips in wave 4 ended at 19818 as 1 hour chart...
Short Term Elliott Wave View in Nvidia (NVDA) suggests that cycle from 9.6.2024 low is in progress as a 5 waves impulse. Up from 9.6.2024 low, wave (1) ended at 127.67. Dips in wave (2) ended at 114.7 as the 1 hour chart below shows. Internal subdivision of wave (2) unfolded as a zigzag Elliott Wave structure. Down from wave (1), wave A ended at 117.72 and wave B...
Short Term Elliott Wave View in META suggests that rally from 7.25.2024 low is in progress as an impulsive structure. Up from 7.25.2024 low, wave (1) ended at 544.23. Wave (2) pullback ended at 495.51 as the 1 hour chart below shows. Up from there, the stock extended higher in wave ((3)) as an impulse. Wave 1 of (3) ended at 527.94 and pullback in wave 2 of (3)...
Short Term Elliott Wave View in Dow Futures (YM) suggests rally to 43005 ended wave 3. Pullback in wave 4 unfolded as a zigzag Elliott Wave structure. Down from wave 3, wave ((a)) ended at 42245. Rally in wave ((b)) unfolded as expanded flat Elliott Wave structure. Up from wave ((a)), wave (a) ended at 42673 and dips in wave (b) ended at 42142. Wave (c) higher...
Short Term Elliott Wave View in GBPJPY suggests that cycle from 9.11.2024 low is currently in progress as a zigzag. Up from 9.11.2024 low, wave A ended at 195.97. Pullback in wave B also unfolded as a zigzag Elliott Wave structure. Down from wave A, wave ((a)) ended at 190.96 and wave ((b)) ended at 192.22. Wave ((c)) lower ended at 189.56 which completed wave B...
Short Term Elliott Wave View in GDX suggests the zigzag correction should find support towards extreme areas before resume higher to finish the impulse sequence from 5-August, 2024 low. It is showing higher high sequence in daily from September-2022 low and expect short term rally to continue against August-2024 low. Since 5-August, 2024 low, it placed 1 at 39.97...
Short Term Elliott Wave View in Gold (XAUUSD) suggests that rally to 2685.58 ended wave 3. The metal then did a pullback in wave 4 with internal subdivision as a double three Elliott Wave structure. Down from wave 3, wave (a) ended at 2654.68 and wave (b) rally ended at 2677.86. The metal extended lower in wave (c) towards 2643.02 which completed wave ((w)). Rally...
Short Term Elliott Wave View in EURUSD suggests that cycle from 4.16.2024 low is in progress as a 5 waves impulsive Elliott Wave structure. Rally to 1.12 ended wave (3) of the impulse. Pullback in wave (4) is now in progress with internal subdivision as an expanded Flat structure. Down from 8.26.2024 high, wave A ended at 1.10. Rally in wave B unfolded as a double...
Short Term Elliott Wave View in Dollar Index (DXY) suggests that decline to 100.2 ended wave 1. Rally in wave 2 is in progress as an expanded flat Elliott Wave structure. Up from wave 1, wave (a) ended at 101.14 and pullback in wave (b) ended at 100.91. Wave (c) higher ended at 101.47 which completed wave ((a)) in higher degree. Wave ((b)) dips takes the form of...
Short Term Elliott Wave View in USDJPY suggests decline to 139.57 ended wave (W). Pair then corrected in wave (X) with internal subdivision as a double three Elliott Wave structure. Up from wave (W), wave ((w)) ended at 142.46 and pullback in wave ((x)) ended at 140.43. Rally in wave ((y)) ended at 143.94 which completed wave W in higher degree. Pullback in wave X...
Short Term Elliott Wave View in S&P 500 ( SP:SPX ) suggests that cycle from 8.5.2024 low is in progress as a 5 waves impulse. Up from 8.5.2024 low, wave (1) ended at 5651.62 and dips in wave (2) ended at 5402.62. Internal subdivision of wave (2) unfolded as a zigzag structure where wave A ended at 5480.54, wave B ended at 5522.47, and wave C lower ended at...
Cycle from 8.5.2024 low in GBPJPY is in progress as a double three Elliott Wave structure. Up from 8.5.2024 low, wave (W) ended at 193.48 and pullback in wave (X) ended at 183.67. Internal subdivision of wave (X) unfolded as a zigzag. Down from wave (W), wave A ended at 187.23 and wave B ended at 189.58. Wave C lower ended at 183.67 which completed wave (X). Pair...
Silver (XAGUSD) is close to breaking above previous peak on 5.20.2024 high at 32.51. A break above the level confirms the next leg higher has resumed. Short term, rally from 9.9.2024 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 9.9.2024 low, wave ((i)) ended at 31.23 and pullback in wave ((ii)) ended at 29.68. The metal has resumed...
Short term Elliott Wave view on Apple (AAPL) suggests that the stock shows a bullish sequence from 8.5.2024 low favoring more upside. Rally from 8.5.2024 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from there, wave ((1)) ended at 232.92 and wave ((2)) pullback ended at 213.92 as the 1 hour chart below shows. Internal subdivision of wave ((2))...
Short term Elliott Wave view on Dow Futures (YM) suggests that cycle from 8.8.2024 low is in progress as an impulse. Up from 8.8.2024 low, wave (1) ended at 41682 and wave (2) pullback ended at 40028 as the 1 hour chart below shows. Internal subdivision of wave (2) unfolded as a zigzag Elliott Wave structure. Down from wave (1), wave A ended at 40264 and rally in...