Elliott Wave View in Nasdaq (NQ) suggests it is currently within wave ((5)) from March low. The Index still needs to break above wave ((3)) at 12465.25 on September 2 high to validate this view. Internal of wave ((5)) is unfolding as an an impulse Elliott Wave structure where wave (1) ended at 12249 and wave (2) pullback ended at 10945.77. In the short term 45...
Short Term Elliott Wave View in S&P 500 E-Mini Futures (ES) suggests that the Index remains within the cycle from March low as an impulse Elliott Wave structure. The 60 minutes chart below shows the Index ended wave ((4)) at 3226.90 and it has resumed higher. Up from wave ((4)) low at 3226.90, 1 ended at 3323.5 and pullback in wave 2 ended at 3272. Index resumed...
1 Hour chart in Bitcoin (BTCUSD) below shows that the crypto currency is ending a wave 5 impulsive rally from September 8 low. The subdivision of wave 5 is unfolding as an ending diagonal Elliott Wave structure. Ending diagonal is a special type of 5 waves with subdivision of 3-3-3-3-3. As the chart below shows, BTCUSD ended wave 3 rally from September 8 low at...
EURUSD still shows an incomplete sequence from September 1 peak and has scope for further downside. Decline from September 1 peak is unfolding as a double three Elliott Wave structure. Down from September 1 peak, wave (W) ended at 1.1611 and wave (X) bounce ended at 1.188. Wave (Y) is currently in progress as a another double three in lesser degree. Down from...
Short term Elliott Wave view on Nikkei (NKD) suggests the Index ended cycle from October 9 peak in wave (2) at 22889. Subdivision of wave (2) unfolded as a zigzag. Down from October 9 peak, wave A ended at 23380 and wave B ended at 23705. Wave C of (2) ended at 22889 which can be seen in the 45 minutes chart below. Index has since turned higher in wave (3)....
AUDUSD shows an incomplete sequence from September 1 peak favoring further downside. The decline from there is unfolding as a zigzag Elliott Wave structure. Down from September 1 peak (0.741), wave ((A)) ended at 0.7 and wave ((B)) ended at 0.724. Pair is currently within wave ((C)) lower and the subdivision of this wave ((C)) is in 5 waves, as 45 minutes chart...
Short term Elliott Wave View in Silver (XAGUSD) suggests that cycle from August 7 peak is unfolding as a triple three Elliott Wave structure. In the 60 minutes chart below, the metal ended wave ((X)) ((X)) at $25.57. Silver is proposed to have started wave ((Z)) lower with the internal of a zigzag (A)-(B)-(C). The 5 waves move lower from wave ((X)) ((X)) below is...
Short term Elliott Wave View in Copper (HG) indicates that the metal has ended the rally from March 19 low at $3.218. The entire rally is unfolding as a 5 waves impulse structure. The 5 waves move higher ended wave ((1)) at $3.218. Wave ((2)) pullback is currently in progress to correct cycle from March 19 low in the sequence of 3, 7, or 11 swing before the rally...
Short term Elliott Wave View in ASX 200 (XJO) suggests that cycle from September 22, 2020 low is in progress as a 5 waves impulse structure. In the 30 minutes chart below, Index ended wave ((2)) of this impulsive move from September 22 at 5779.6. Wave ((3)) higher ended at 6248.3 with internal subdivision as another impulse of lesser degree. Up from wave ((2)) low...
Short term Elliott Wave View in AUDJPY suggests that cycle from August 31 high is unfolding as a zigzag Elliott Wave structure. On the 60 minutes chart below, we can see wave B of this zigzag ended at 76.52. Pair has resumed lower in wave C with the internal subdivision as 5 waves impulse. Pair still needs to break below the previous low on September 24 low (not...
Elliott Wave View in Oil Futures (CL) shows that it has ended wave ((4)) pullback at $36.89. This wave ((4)) is part of the cycle starts from April 22 low as a 5 waves impulse. Oil has turned higher in wave ((5)) and should subdivide in 5 waves impulse in lesser degree. Up from wave ((4)) low at $36.89, wave 1 ended at $38.08 and pullback in wave 2 ended at...
Elliott Wave view in EURUSD suggests that cycle from September 25 low is in progress as a double three structure. Up from September 25 low, wave W ended at 1.1831 and wave X pullback ended at 1.1686 as a zigzag. Down from wave W high at 1.183, wave (i) ended at 1.1777 and wave (ii) bounce ended at 1.1798. Down from there, wave (iii) ended at 1.1728, wave (iv)...
Elliott Wave view in Russell (RTY) suggests the rally from September 24 low unfolded as an impulsive Elliott Wave structure. Up from September 24 low (1426.20), wave 1 ended at 1530.80 and wave 2 pullback ended at 1490.70. From there, Index rallied and ended wave 3 at 1617.70 and wave 4 ended at 1563.10. Last leg higher in wave 5 ended at 1651.70. The 5 waves...
Elliott Wave view in IBEX suggests the decline to 6552.17 ended wave (1). Wave (2) rally is currently in progress as a zigzag Elliott Wave structure to correct the decline from June 8, 2020 high. Up from wave (1) at 6552.17, wave ((i)) ended at 6797.60 and pullback in wave ((ii)) ended at 6639.80. Index then resumed higher in wave ((iii)) which subdivided into...
Elliott Wave view in Nasdaq Futures (NQ) suggests the pullback to 10665.49 ended wave ((4)). The Index has resumed higher in wave ((5)) and the rally from wave ((4)) is unfolding as a 5 waves impulse Elliott Wave structure. Up from wave ((4)) low at 10665.49, wave 1 ended at 11011.75 and pullback in wave 2 ended at 10806.75. Index resumed higher in wave 3 towards...
Elliott Wave view in Facebook (FB) calls the rally from September 21 low as a 5 waves impulse Elliott Wave structure. In the short term chart below, wave 2 is seen to have ended at $245.41. Up from there, wave ((i)) ended at 251.9, and wave ((ii)) pullback ended at $246.61. Wave ((iii)) ended at $259.98, wave ((iv)) ended at $254.82, and wave ((v)) ended at...
Elliott Wave view in Dow Futures (YM) suggests that the rally from March 23, 2020 low remains in progress as a 5 waves diagonal Elliott Wave structure. In the 45 minutes chart below, we can see wave ((4)) of that diagonal ended at 26407. The Index still needs to break above previous peak on September 3 at 29180 to avoid a double correction. Wave ((5)) is...
Elliott Wave view of Nifty suggests the cycle from March 24 low still remains in progress as a 5 waves impulse. The 30 minutes chart below shows the rally to 11794.25 ended wave ((3)) of this impulse from March low. Pullback to 10791.03 ended wave ((4)) as a zigzag Elliott Wave structure. Down from wave ((3)) high at 11794.25, wave 1 ended at 11325.85 and wave 2...