Elliott Wave View in Exxon (ticker: XOM) shows that the stock has an incomplete bearish sequence against June 8 high. The decline from June 8 high unfolded as a zigzag Elliott Wave structure, where wave (A) ended at 44.75 low. Afterwards, the bounce in wave (B) ended at 49.8 as a zig-zag Elliott Wave Structure in lesser degree. The bounce reached the 100%...
Elliott Wave View in Exxon (ticker: XOM) shows that the stock has an incomplete bearish sequence against June 8 high. The decline from June 8 high unfolded as a zigzag Elliott Wave structure, where wave (A) ended at 44.75 low. Afterwards, the bounce in wave (B) ended at 49.8 as a zig-zag Elliott Wave Structure in lesser degree. The bounce reached the 100%...
Facebook (ticker: FB) shows a higher high sequence from June 15 low, favoring further upside. The 30 minutes chart update below shows that the stock ended wave 3 at 241.75 high. Afterwards, the stock did a pullback in wave 4. Wave ((a)) ended at 223.55 low and wave ((b)) bounce ended at 231.66 high. Facebook then extended lower in wave ((c)), which ended at...
Gold (XAUUSD) shows a higher high sequence from 6.5.2020 low favoring further upside. Up from 6.5.2020 low, the precious metal extended higher in wave 1 as 5 waves impulse Elliott Wave Structure. The rally in wave 1 ended at 1744.77 high. From there, the metal did a pullback in wave 2, which unfolded as a zigzag Elliott Wave structure. Wave ((a)) ended at 1720.20...
Microsoft Corporation ( MSFT ) is currently still extending higher from 3.23.2020 low. The stock reached all time high on 6.11.2020 and ended wave ((3)) at 198.52 high. From there, MSFT did a pullback in wave ((4)) as a Double Three Elliott Wave structure. Down from 6.11.2020 high, wave (W) ended at 186.07 low. The bounce in wave (X) ended at 191.72 high. The...
Elliott Wave View in EURJPY suggests the decline from 6.1.2020 high is unfolding as a 5 waves impulse Elliott Wave structure. Down from 6.1.2020 high, wave 1 ended at 120.23 as an impulse. Afterwards, the bounce in wave 2 ended at 122.11 as a zigzag. Up from wave 1 low, wave ((a)) ended at 121.81 and wave ((b)) pullback ended at 120.31. The pair then extended...
Bitcoin (BTC/USD) is currently correcting the cycle from 3.13.2020 low. The instrument has just ended cycle from 6.1.2020 high (10429) as a double three structure. Down from 6.1.2020 high, wave W ended at 9135 low. The bounce in wave X ended at 10011 high. From there, the instrument extended lower and ended wave Y at 8901.38 low. Bitcoin is now bouncing higher in...
IBEX shows an incomplete sequence from November 2007 high and still favors more downside while below 2.19.2020 high (10093). Near term, the Index ended the rally from 3.16.2020 low in 3 swing as a zigzag Elliott Wave structure. Up from 3.16.2020 low, wave (A) ended at 7209.7, wave (B) ended at 6421.4, and wave (C) ended at 7995.3. The 3 waves move higher from...
Oil (CL_F) has just ended cycle from 4.29.2020 low as a 5 waves impulse Elliott Wave structure. Up from 4.29.2020 low, wave 1 ended at 23.4 and pullback in wave 2 ended at 20.84. Oil resumes higher again in wave 3 towards 38.18, wave 4 dips ended at 35.88, and wave 5 ended at 40.48. The 5 waves move higher ended wave (A) in higher degree. The instrument is now...
Silver (XAGUSD) shows an incomplete sequence from 3.19.2020 low favoring further upside. The cycle has a 100% – 123.6% Fibonacci extension target towards 18.7 – 19.7 which can be the minimum target before larger pullback can be seen. Up from 3.19.2020 low, cycle from 4.22.2020 low is unfolding as a zigzag Elliott Wave structure where Wave (A) ended at 15.82 and...
Nasdaq (NQ_F) has made an all-time high suggesting that the Covid-19 correction is over at 6628.75. Index has now resumed higher and short term 30 minutes chart below suggests the rally to 9742.5 ended wave 1 and pullback to 9572.34 ended wave 2. Wave 3 is currently in progress and the subdivision is unfolding as a 5 waves Elliott Wave structure. Up from wave 2...
Incomplete bullish sequence in S&P 500 (SPX) from 3.23.2020 low suggests the Index should stay supported. Up from the Covid-19 selloff low on 3.23.2020, Index has resumed higher as a 5 waves Impulse Elliott Wave structure. Wave ((1)) ended at 2954.86 and pullback in wave ((2)) ended at 2766.64. Index has resumed higher in wave ((3)) with the internal as another 5...
Exxon Mobil (ticker: XOM) shows an incomplete bullish sequence from 3.23.2020 low favoring more upside. Short term, the rally from 5.15.2020 low is unfolding as a 5 waves Impulse Elliott Wave structure. Up from 5.15.2020 low, wave 1 ended at 46.63 and wave 2 dips ended at 43.3. Wave 3 is now in progress as another impulse in lesser degree. Up from wave 2 low at...
Short Term Elliott Wave view in EURUSD suggests cycle from 5.14.2020 low is unfolding as a 5 waves Impulse Elliott Wave structure. Up from 5.14.2020 low, wave 1 ended at 1.1 and pullback in wave 2 ended at 1.0869. Pair then resumed higher again in wave 3 as another impulse in lesser degree. Up from wave 2 low at 1.0869, wave ((i)) ended at 1.0996 and pullback in...
Short term Elliott Wave View in AUDUSD suggests the rally from 5.22.2020 low is unfolding as a 5 waves impulsive Elliott Wave structure. Up from 5.22.2020 low, wave (1) ended at 0.668 and dips to 0.6566 ended wave (2). Pair then resumed higher in wave (3) as an impulse in lower degree. Up from wave (2) low at 0.6566, wave 1 ended at 0.668 and pullback in wave 2...
Elliott Wave View in GBPAUD suggests the decline from 5.4.2020 high is unfolding as a 5 waves impulsive Elliott Wave structure. Down from 5.4.2020 high, wave 1 ended at 1.8943 and bounce in wave 2 ended at 1.9127. Pair then resumed lower in wave 3 towards 1.845. The 30 minutes chart below shows the move down in wave 3. Pair then bounced in wave 4 and ended at...
After forming the low on 3.23.2020 low, ASX 200 (XJO) starts a new leg higher. Short term Elliott Wave chart below suggests that the rally from 3.23.2020 low is unfolding as a 5 waves impulsive Elliott Wave structure. Up from 3.23.2020 low, wave ((1)) ended at 5563.6 and pullback in wave ((2)) ended at 5100.7. Index then resumes higher in wave ((3)) and shows a...
Short term Elliott Wave view of Nikkei (NKD_F) suggests that the rally from 5.14.2020 low is unfolding as a 5 waves impulsive Elliott Wave structure. Up from 5.14.2020 low, wave (1) ended at 20830 and pullback in wave (2) ended at 20247 as chart below shows. Internal of wave (2) unfolded as a double three (double zigzag). Down from wave (1) at 20830, Wave W ended...