Short term Elliott Wave chart of S&P 500 (SPX) below suggests that the pullback to 2766.64 ended wave (4). This is part of an Impulsive rally which started on 3.23.2020 low. The Index is currently in wave (5) which is unfolding as an impulsive structure. Up from wave (4) at 2766.64 low, wave 1 ended at 2980.29 as an impulse in lesser degree. Wave ((i)) ended at...
Short term Elliott Wave chart of Apple (ticker: AAPL) below suggests that the pullback to 299.78 ended wave (4). The stock has resumed higher in wave (5) which is unfolding as an impulsive Elliott Waves structure. Up from wave (4) at 299.78, wave ((i)) ended at 306.12 and wave ((ii)) ended at 302.29. Up from there, Apple nested higher in wave ((iii)). Wave (i) of...
Short term Elliott Wave chart below suggests the dips to 8848.71 ended wave ((4)). This is part of a larger impulsive rally which started from 3.23.2020 low. Wave ((5)) is currently in progress as 5 waves in lesser degree. Up from wave ((4)) at 8848.71, wave 1 ended at 9143, and pullback in wave 2 ended at 8925.50. Index then resumed higher in wave 3 towards...
GBPNZD broke below 3.19.2020 low (1.9899) creating an incomplete bearish sequence from 3.9.2020 high (2.182). Short term Elliott Wave View suggests the decline from 4.1.2020 high is unfolding as a 5 waves impulse Elliott Wave structure. Down from 4.1.2020 high, wave 1 ended at 2.01396 and wave 2 bounce ended at 2.0478. Internal of wave 2 unfolded as an Expanded...
Amazon stock (ticker: AMZN) continues to perform well as the demand of the service surges due to the Covid-19. The pandemic forces people to stay at home and buy a lot of things online, which is precisely the strength of Amazon. Technically, Elliott Wave view is calling the rally from March 16, 2020 low as a 5 waves impulsive Elliott Wave structure. The larger...
Short Term Elliott Wave view in SPY (S&P 500 ETF) suggests the rally from 3.23.2020 ended at 296.77 as wave ((1)). Pullback in wave ((2)) is proposed complete at 273.07 as the 30 minute chart below shows. The ETF still needs to break above wave ((1)) at 296.77 to confirm wave ((2)) has ended and creates a bullish sequence from 3.23.2020. Internal of wave ((2))...
The decline in Pound Sterling from 4.15.2020 high is unfolding as a 5 waves impulsive Elliott Wave structure, Down from 4.15,2020 high, wave 1 ended at 1.2245 and bounce in wave 2 ended at 1.2643. Wave 3 is currently in progress as an impulse in lesser degree. Down from wave 2 at 1.2643, wave ((i)) ended at 1.2264 and bounce in wave ((ii)) ended at 1.2467. Pair...
As a larger context, the rally in Russell 2000 (RTY) from 3.19.2020 low took the form of an impulsive structure. Up from there, wave (1) ended at 1180.3 and wave (2) pullback ended at 1029.7. Index then resumed higher in wave (3) and ended at 1265.6 and wave (4) pullback ended at 1148.5. The final leg wave (5) ended at 1374. This move also completed wave ((1)) in...
Elliott Wave View in Dow Futures (YM_F) suggests the rally from 3.23.2020 low ended wave ((1)) at 24806 as an impulse structure. Up from 3.23.2020 low, wave (1) ended at 22545 and wave (2) dips ended at 20500. Index then extended higher in wave (3) towards 24327 and wave (4) pullback ended at 22814. Finally wave (5) higher ended at 24806. This final move also...
Short Term Elliott Wave view in DAX suggests the rally from 3.16.2020 low ended at 11242.77 as an impulse structure. Up from 3.16.2020 low, wave (1) ended at 9145.93 and pullback in wave (2) ended at 8257.53. Index then resumed higher and ended wave (3) at 10820.17 and wave (4) pullback ended at 10257.27. The 30 minutes chart below shows the Index ended wave (4)....
USDJPY shows incomplete lower low (bearish) sequence from March 26, 2020 high and pair has scope to see more downside. The decline from March 26 high is unfolding as a zigzag Elliott Wave structure. Down from March 26 high (111.71), wave (A) ended at 107.1 and wave (B) bounce ended at 109.38. Wave (C) is currently in progress with 5 waves impulse subdivision. In...
Rally in Bitcoin (BTCUSD) from April 16, 2020 low is unfolding as a 5 waves impulse Elliott Waves structure. Up from April 16 low, wave 1 ended at 7306.15 and pullback in wave 2 ended at 6757.75. The crypto currency then resumed higher in wave 3 towards 9485.26. Internal of wave 3 unfolded as another 5 waves impulse in lesser degree. Up from wave 2 low at 6757.75,...
GBPJPY decline from April 9, 2020 high is unfolding as a 5 waves impulse Elliott Wave structure. Down from April 9 high, wave 1 ended at 132.65 and wave 2 bounce ended at 135.45. Internal of wave 2 unfolded as an expanded Flat Wave where ((a)) of 2 ended at 133.68, and pullback in wave ((b)) of 2 ended at 131.88. Final leg wave ((c)) of 2 ended at 135.45. Wave 3...
Short Term Elliott Wave outlook in Oil (CL_F) suggests the decline to $6.53 ended wave ((3)). Wave ((4)) recovery is unfolding as a zigzag Elliott Wave structure where wave (A) is currently in progress as a leading diagonal Elliott Wave structure. Leading diagonal can happen within wave (A) or wave (1) in larger degree and is usually characterized by overlapping...
Short Term Elliott Wave outlook in Tesla (TSLA) suggests the stock ended cycle from March low at 886.09 as wave ((1)). Internal of wave ((1)) unfolded as a 5 waves impulsive Elliott Wave structure. Up from 3.19.2020 low, wave (1) ended at 569 and pullback in wave (2) ended at 446.4. Tesla then continues higher in wave (3) towards 791 and wave (4) pullback ended at...
In the aftermath of COVID-19 selloff, Alphabet (GOOGL) formed a low on March 23, 2020 at 1008.87. From there, the stock is rallying as a 5 waves impulsive Elliott Wave structure. Up from 3.23.2020 low, wave (1) ended at 1173.4 and wave (2) pullback ended at 1075.08. The stock then resumed higher in wave (3) towards 1297. The 45 minutes chart below shows the wave...
The rally in $DAX from March 16 low is unfolding as a 5 waves impulsive Elliott Wave structure. Up from 3.16.2020 low, wave (1) ended at 9145.93 and pullback in wave (2) ended at 8257.53. Wave (3) shows an extension and the rally ended at 10820.17 as the chart below shows. Up from wave (2), wave 1 ended at 9201.07, wave 2 ended at 8480.28, wave 3 ended at...
Short Term Elliott Wave view suggests that the rally in $SPX from March 23 low is unfolding as a 5 waves impulsive Elliott Wave structure. Up from 3.23.2020 low, wave (1) ended at 2637.01 and wave 2 pullback ended at 2447.49. In the chart below, we can see the subdivision of wave (2) unfolded as a zigzag. Wave A ended at 2520.02, wave B ended at 2641.39, and wave...