Short term Elliott wave view in Nikkei (NKD_F) suggests the Index is doing a larger degree pullback to correct the cycle up from August 26, 2019 low in wave IV, which is unfolding as a flat. Wave ((A)) of IV ended at 22630 low and wave ((B)) ended at 24030 high. From there, it has extended lower in wave ((C)), which is unfolding as a 5 waves impulse Elliott Wave...
Elliott wave view in NZDUSD suggests the move lower from 12.31.2019 high in the pair is unfolding as a 5 waves impulse. Down from 12.31.2019 high, wave (1) ended at 0.6596, and wave (2) bounce ended at 0.666. Pair has resumed lower in wave (3) towards 0.6374 and wave (4) bounce ended at 0.6488. The short term chart below shows that the pair has resumed lower in...
Short term Elliott wave view in NASDAQ (NQ_F) suggests the Index ended the cycle up from February 1, 2020 low in wave 1 at 9687.50 high. The index then corrected that cycle up in wave 2 as a zig-zag. Wave ((a)) of 2 ended at 9655.50 low. The bounce in wave ((b)) ended at 9669.25 high. It then resumed lower in wave ((c)) of 2, which ended at 9536.85 low. The index...
Short term Elliott wave view in Oil (CL_F) suggests the rally from February 5 low shows a 5 swing bullish sequence. We label the rally as an impulse Elliott Wave structure with a nest. Up from February 5 low, wave 1 ended at 52.2 and wave 2 pullback ended at 49.42. Wave 3 higher is in progress and nesting in another 5 waves. Up from wave 2 low at 42.42, wave ((i))...
Short term Elliott wave view in EURUSD suggests the cycle from December 31, 2019 high is unfolding as an impulse wave. Down from December 31, wave (1) ended at 1.0991 low and the bounce in wave (2) ended at 1.1097 high. The pair continues to the downside and wave (3) is still in progress. Wave 1 of (3) ended at 1.1034 low. The bounce in wave 2 ended at 1.1066...
Short term Elliott wave view in Bitcoin (BTCUSD) suggests the rally from January 24, 2020 low has ended as a 5 waves impulse Elliott Wave structure. Up from January 24 low, wave ((i)) ended at 9570 and pullback in wave ((ii)) ended at 9075. The crypto currency then resumed higher in wave ((iii)) towards 10199.85 and the pullback in wave ((iv)) ended at 9706.94....
Short term Elliott wave view in Bank of America (ticker: BAC) suggests the rally from January 27, 2020 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from January 27 low, wave ((i)) ended at 33.49 and pullback in wave ((ii)) ended at 32.65. The stock has resumed higher in wave ((iii)) which ended at 35.45. Internal of wave ((iii)) subdivided in 5...
Short term Elliott wave view in AUDUSD suggests the pair ended the cycle from January 1, 2020 high in wave (1) at 0.6658 low. Down from January 1, wave 1 ended at 0.6845 low and wave 2 ended at 0.6934 high. The pair continues to the downside and ended wave 3 at 0.6675 low and the bounce in wave 4 ended at 0.6774 high. Wave ((i)) of 5 ended at 0.6708 low. The...
Amazon (ticker symbol: AMZN) broke above July 11, 2019 high (2035.8) a few weeks ago after reporting strong earnings. The stock now shows an incomplete bullish sequence from December 24, 2018 low favoring further upside. In the short term chart below, the rally to 2055.72 ended wave (1) and the pullback to 2000.25 ended wave (2). The internal of wave (2) pullback...
Short term Elliott wave view in Russell (RTY_F) suggests the Index ended the correction from January 17, 2020 high in wave (4) at 1609.56. It has since resumed higher in wave (5) and the internal subdivision is unfolding as a 5 waves impulse Elliott Wave structure, The Index still needs to break above wave (3) at 1715.1 to avoid a double correction in wave (4)....
Short term Elliott wave view in Nikkei (NKD_F) suggests the Index ended the correction from December 17, 2019 high in wave ((4)) at 22628. The Index has resumed higher in wave ((5)) although it still needs to break above wave ((3)) on December 17, 2019 high at 24140 to avoid a double correction. However, the rally from February 1, 2010 low (22628) is unfolding as...
Elliott wave view in Tesla (TSLA) suggests the stock rallies as an impulsive structure from September 25, 2019 low. The stock is currently within wave (3) and the internal is unfolding as a 5 waves impulse Elliott Wave structure. In the short term chart below, we can see wave 2 ended at 539.28 and wave 3 rally ended at 968.99. The subdivision of wave 3 unfolded as...
Elliott wave view in Exxon Mobil (ticker: XOM) suggests that the sequence from April 23, 2019 high (not visible in the short term chart below) is incomplete. Medium term downside target for the stock is 100% – 123.6% Fibonacci extension from April 23, 2019 high which comes at 52 – 56.1. XOM thus remains favored to the downside and rally should fail in 3, 7, or 11...
Short term Elliott wave view in Dow Jones Future (YM_F) suggests that the Index has ended wave ((4)) correction at 28411. The internal of wave ((4)) unfolded as a double zigzag Elliott Wave structure. Wave (W) of ((4)) ended at 28796, wave (X) of ((4)) ended at 29007, and wave (Y) of ((4)) ended at 28411. The Index has resumed higher in wave ((5)) with subdivision...
Elliott wave view in Silver (ticker: XAGUSD) suggests that the sequence from January 8, 2020 high remains incomplete. As such, the metal still has scope to see more downside to reach the 100 – 123.6% Fibonacci extension towards 16.77 – 17.07 area before stronger support is seen. The decline from January 8 high is unfolding as a double three Elliott Wave structure....
Short term Elliott wave view in Tesla (ticker: TSLA) suggests the rally to $594.5 ended wave (3). The stock then corrected in wave (4) and the pullback ended at $539.28. The structure of wave (4) unfolded as a double three Elliott Wave structure. Down from 594.5, wave W ended at 555.60 as a zigzag where wave ((a)) of W ended at 559.1, wave ((b)) of W ended at...
Short term Elliott wave view in CADJPY suggests that the rally from August 25, 2019 low ended 5 waves as a Leading diagonal structure at 84.57 high. Down from there, the pair is correcting that cycle in wave (B) pullback. The internals of that pullback is unfolding as a zigzag structure where wave ((i)) ended at 83.89 low. Wave ((ii)) ended at 84.35 high, wave...
Boeing ticker symbol: $BA is showing an incomplete sequence from March 1, 2019 peak favoring more downside towards $275-$248 target area to the downside. In the chart below, the stock is showing an overlapping price action from September 25, 2019 peak. With each leg down showing sub-division of 3 waves corrective structure. Thus suggesting that the cycle degree y...