EURJPY broke below September 3, 2019 low (115.86) and pair now shows a lower low sequence from February 2018 high and January 2020 high as the video below explains. Near term, decline from April 7, 2020 high is unfolding as a 5 waves impulsive Elliott Wave structure. Down from April 7, wave (i) ended at 117.89 and wave (ii) bounce ended at 119. Pair then resumes...
Elliott Wave view in Gold Miners ETF (GDX) suggests the rally from March 16, 2020 low is unfolding as a 5 waves impulsive structure. Up from March 16 low, wave (1) ended at 27.21 and pullback in wave (2) ended at 23. The ETF then extends higher in wave (3) towards 32.27 and wave (4) pullback ended at 29.37. The 45 minutes chart below shows the internal of wave (3)...
Elliott Wave view in Bank of America (BAC) suggests the decline from January 15, 2020 high is unfolding as a 5 waves impulse. Down from January 15 high, wave (1) ended at 32.47 and bounce in wave (2) ended at 35.45. Stock has resumed lower in wave (3) which ended at 17.95. Bounce in wave (4) is proposed complete at 25.35 as a zigzag. Short term 45 minutes chart...
Short Term Elliott Wave view in S&P 500 ETF (SPY) suggests the rally from March 23, 2020 low low is unfolding as a 5 waves impulse. Up from 3.23 low (218.26), wave (1) ended at 263.7, and pullback in wave (2) ended at 242.94. Index has resumed higher in wave (3) as another 5 waves in lesser degree which ended at 281.2. Up from wave (2) low at 242.94, wave 1 ended...
Short Term Elliott Wave view in Nasdaq suggests the rally from April 8, 2020 low is unfolding as a 5 waves impulse. Up from 4.8 low, wave (1) ended at 8326.25, and pullback in wave (2) ended at 8073.25. The Index then resumes higher in wave (3) towards 8710. The internal subdivision of wave (3) is in 5 waves of lesser degree, as below chart shows. Up from wave (2)...
Decline from April 23, 2019 high in Oil (CL_F) remains in progress as a 5 waves impulse. Down from April 23, 2019 high, wave (1) ended at 50.6 and wave (2) bounce ended at 65.65. Oil then resumed lower in wave (3) to 19.46, and wave (4) bounce ended at 29.21. Short term chart below shows wave (4) at 29.21 which ended on April 4. Oil has broken below March 30 low...
Short Term Elliott Wave View suggests rally in Tesla (Ticker: TSLA) from April 3 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from April 3 low, wave 1 ended at 547.97. Wave 2 pullback ended at 468.39 low. The stock has resumed higher in wave 3 which subdivides into another 5 waves Up from 468.39, wave (i) ended at 513.17 and wave (ii) pullback...
Short Term Elliott Wave View suggests rally in Amazon (Ticker: AMZN) from March 26 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from March 26 low, wave (1) ended at 1993.02 high. The pullback in wave (2) ended at 1889.15 low. From there, the stock has resumed higher and has broken above previous wave (1) high. Wave 1 ended at 2059.54 high. The...
Short Term Elliott Wave View suggests rally in Gold (XAUUSD) from March 16 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from March 16 low, wave ((1)) ended at 1519.57, and pullback in wave ((2)) ended at 1454.90. The precious metal has resumed higher in wave ((3)) towards 1645.5 and wave ((4)) pullback ended at 1566.53. Gold has broken above...
Short Term Elliott Wave View suggests AUDJPY rally from March 19 low shows incomplete sequence favoring more upside. The rally is currently unfolding as a double three structure. Up from March 19 low, wave (W) ended at 67.7 and pullback in wave (X) ended at 64.37. Internal of wave (X) unfolded as a zigzag where wave A ended at 64.86, wave B ended at 67.27, and...
Elliott Wave View suggests USDCHF rally from March 9 low is unfolding as 5 waves impulse structure. Up from March 9 low, wave ((1)) ended at 0.9889, and wave ((2)) pullback is proposed complete at 0.9497. Internal of wave ((2)) unfolded as a Flat structure. Wave (A) ended at 0.974, wave (B) bounce ended at 0.99, and wave (C) of ((2)) ended at 0.9497. Pair still...
S&P 500 E-Mini Futures (ES_F) broke above last week’s high at 2635.75 and shows incomplete sequence from 3.23 low, favoring further upside in near term. Short Term Elliott Wave suggests the rally from 3.23 low (2174) is unfolding as Elliott Wave zigzag structure. Up from 3.23 low, wave ((A)) ended at 2634.5. Internal of wave ((A)) unfolded as 5 waves impulse...
Short term Elliott Wave view in EURJPY suggests the decline from January 14, 2020 high is unfolding as a 5 waves impulse structure. Down from Jan 14 high, wave (1) ended at 116.13 and wave (2) bounce ended at 121.15. Pair is proposed to have resumed lower in wave (3), although pair still needs to break below wave (1) at 116.13 to validate the view. Down from wave...
EURAUD shows incomplete sequence from March 19, 2020 high, favoring further downside. The internal of the decline from March 19 (1.98) high is unfolding as a double three Elliott Wave structure. Down from 1.98 high, wave ((W)) ended at 1.802 and wave ((X)) bounce ended at 1.875 as a running Flat. Pair has resumed lower in wave ((Y)) which is unfolding as a...
EURUSD shows an incomplete sequence from Feb 16, 2018 high favoring further downside while below March 9 high (1.1496). Near term, the decline from March 9, 2020 high (1.1496) ended wave ((1)). Bounce in wave ((2)) is unfolding as a zigzag Elliott Wave structure where wave (A) ended at 1.1147. Internal of wave (A) unfolded as a 5 waves impulse. Up from March 23...
Dow Jones Futures (YM_F) ended the cycle from February 13, 2020 high at 18086 as wave a. Down from February 13 high, wave ((1)) ended at 24675 and wave ((2)) ended at 27075. Wave ((3)) ended at 18766 and bounce in wave ((4)) ended at 20882. Finally, wave ((5)) of a ended at 18086. Wave b bounce remains in progress as a zigzag Elliott Wave structure. Up from 18066,...
Nasdaq Index (NQ_F) ended the cycle from February 20, 2020 high at 6628.75 as wave (a). Internal of wave (a) unfolded as a 5 waves impulse Elliott Wave structure. Down from February 20 high, wave I ended at 8126.25 and bounce in wave II ended at 9002.50. Index then resumed lower in wave III towards 6810 and wave IV bounce ended at 7629. The last leg wave V of (a)...
Short Term Elliott Wave view in Apple (AAPL) suggests that cycle from February 13, 2020 high has ended at 212.6 low as wave w. Internal of wave a unfolded as a double three Elliott Wave structure Down from February 13 high, wave (W)) ended at 256.37 and wave ((X)) bounce ended at 304.15. The Index then resumed lower in wave ((Y)) towards 212.6 which also ended...