Elliott Wave View of Oil (CL) suggests the correction against the cycle from July 30 low has ended as wave B. The dip unfolded as running flat Elliott Wave Structure. Down from August 5 high, wave ((a)) ended at 41.33 low. The bounce in wave ((b)) ended at 43.29 high. Afterwards, the commodity resumed lower and ended wave ((c)) at 41.45 low. This ended wave B...
Elliott Wave View of SPY suggests the rally from July 25,2020 low has ended at 339.61 high as wave 3. Afterwards, the ETF did a pullback in wave 4 to correct that cycle. The dip unfolded as zigzag Elliott Wave Structure. From wave 3 high, wave ((a)) ended at 337.69 low. The bounce in wave ((b)) ended at 337.52 high. SPY then pushed lower in wave ((c)) and ended...
Elliott Wave View of DAX suggests the rally from July 30,2020 low has ended at 13101.12 high as wave (1). Up from July 30 low, wave 1 ended at 12799.21 high and wave 2 dip ended at 12517.44 low. Index then extended higher in wave 3 towards 13046.13 high. Afterwards, the Index did a pullback in wave 4, which ended at 12909.72 low. Finally, wave 5 higher ended at...
Tesla (TSLA) 15 minutes chart below shows that the stock has continued to extend higher from August 15 low. Up from that low, the stock extended higher in wave 3, which ended at 1939 high. The rally unfolded as a 5 waves impulsive Elliott Wave Structure. From wave 2 low, wave ((i)) ended at 1652 high. The dip in wave ((ii)) ended at 1646 low. The stock then...
Elliott Wave View of S&P 500 (SPX) suggests the rally from July 25,2020 low has ended at 3399.54 high as wave 3, which is also a new all-time high. Up from July 25 low, wave ((i)) ended at 3264.74 high and wave ((ii)) dip ended at 3204.13 low. Index then extended higher in wave ((iii)) towards 3381.01 high. The internal subdivision of wave ((iii)) unfolded as 5...
Elliott Wave View of Russell 2000 (RTY) suggests the rally from July 31,2020 low has ended at 1605.70 high as wave 3. Up from July 30 low, wave ((i)) ended at 1482.60 high and wave ((ii)) dips ended at 1467.80 low. Index then extended higher in wave ((iii)) towards 1552.60 high. The internal subdivision of wave ((iii)) unfolded as 5 waves impulse Elliott Wave...
GDX 45 minutes chart below shows that the stock has ended the cycle from June 5 low as wave (3). The rally ended at 45.78 high. From there, the stock did a pullback in wave (4), which unfolded as a zigzag Elliott Wave Structure. Down from August 5 high, wave A ended at 42.25 low. The bounce in wave B ended at 44.18 high. Afterwards, the stock resumed lower in...
Elliott Wave View in 10-year Note (ZN_F) suggests that the Note has ended the cycle from June 5 low as wave (1). From there, the Note can do a pullback in 3 waves to correct that cycle. Down from August 5 high, wave ((i)) ended at 140 low. The bounce in wave ((ii)) ended at 140.13 high. The Note then resumed lower in wave ((iii)), which ended at 139 low. The...
Elliott Wave View in Nikkei Futures (NKD_F) suggests the Index has just broken above June 5 high, suggesting the cycle from March low remains alive and the Index has resumed higher. The break higher is likely still part of wave ((5)) of the same cycle from March low. Shorter cycle, 1 hour chart below shows pullback to 21705 ended wave (2). Up from there, the Index...
Elliott Wave View in Dow Futures (YM_F) suggests the rally from July 30,2020 low has ended at 28069 high as wave 3. Up from July 30 low, wave ((i)) ended at 26457 high and wave ((ii)) dips ended at 25905 low. Index then extended higher in wave ((iii)) towards 27307 high. The internal subdivision of wave ((iii)) unfolded as 5 waves impulse Elliott Wave Structure....
AMD 30 minutes chart below shows that the stock has ended the cycle from July 14 low as wave (3). The rally ended at 87.29 high. The subdivision unfolded as a 5 waves impulse Elliott Wave Structure. From July 14 low, wave 1 ended at 62.68 high and the pullback in wave 2 ended at 58.63 low. Afterwards, the stock resumed higher in wave 3, which ended at 77.19 high....
Bitcoin (BTC/USD) 1 hour chart below shows that the cryptocurrency has ended the cycle from July 16 as wave 3 at 12100 high. From there, the cryptocurrency did a pullback in wave 4, which ended at 10591.41 low. Afterwards, Bitcoin has continued to extend higher. Up from wave 4 low, wave ((i)) ended at 11424.13 high. The pullback in wave ((ii)) ended at 10900...
S&P 500 (SPX) 30 minutes chart below shows that the Index has ended the correction from July 14 high. From July 14 high, wave (2) ended at 3127.66 low. From there, the Index has continued to resume higher. The rally has already broken above July 14 high, confirming that the next leg higher has already started. Up from wave (2) low, the Index rallied higher in wave...
EURJPY 45 Minutes chart below shows that the pair has ended the cycle from July 22 high in wave ((iv)) at 122.81 low. Up from wave ((iv)) low, the pair extended higher in wave (i), which ended at 123.87 high. The pullback in wave (ii) then ended at 122.98 low. The correction unfolded as a Flat Elliott Wave Structure. Afterwards, the pair resumed higher in wave...
DAX 30 minutes chart below shows that the Index has ended the cycle from July 21 peak. The decline unfolded as a zig-zag Elliott Wave Structure. Down from July 21 high, wave (A) ended at 12811.44 low. The bounce in wave (B) ended at 12936.01 high. The Index then extended lower in wave (C), which ended at 12245.06 low. This completed wave ((4)) in larger degree....
Nasdaq (NQ_F) 1 hour chart below shows that the Index has ended the correction from July 13 all-time high. The pullback unfolded as a flat Elliott Wave Structure. From July 13 high, wave (A) ended at 10358.75 low. The bounce in wave (B) ended at 11058 high. The Index then extended lower in wave (C), which ended at 10301.91 low. This completed wave ((2)) in larger...
Gold 1 hour chart below shows that the metal has ended the cycle from July 6 low in wave 3 at 1981.20 high. The metal has now broken to new all-time high above September 2011 high. The rally from July 6 low unfolded as a 5 waves impulsive Elliott Wave Structure. Up from July 6 low, wave ((i)) ended at 1818.14 high and the dip in wave ((ii)) ended at 1789.87 low....
Tesla (TSLA) 30 minutes chart below shows that the stock has ended the correction from July 13 peak. The decline unfolded as a zig-zag Elliott Wave Structure. From July 13 high, wave A ended at 1450 low. The bounce in wave B ended at 1716.47 high. The stock then extended lower in wave C, which ended at 1366.30 low. This completed wave (4) in larger degree. The...