Short term Elliott Wave view on EURJPY suggests cycle from 8.16.2024 high ended at 155.14 as wave A. Internal subdivision of wave A unfolded as 5 waves impulse. Down from 8.16.2024 high, wave ((i)) ended at 160 and wave ((ii)) rally ended at 162.89. Wave ((iii)) lower ended at 155.446 and rally in wave ((iv)) ended at 157.51. The pair then extended lower in wave...
Short term Elliott Wave view on S&P 500 ETF (SPY) suggests that cycle from 8.5.2024 low is unfolding as a 5 waves impulse. Up from 8.5.2024 low, wave (1) ended at 564.2 and pullback in wave (2) ended at 539.44. The ETF has extended to new all-time high in wave (3). The internal subdivision of wave (3) takes the form of another 5 waves in lesser degree. Up from...
Short term Elliott Wave view on Nasdaq (NQ) shows that rally from 8.5.2024 low is unfolding as a 5 waves impulse. Up from 8.5.2024 low, wave (1) ended at 20025.25. Pullback in wave (2) ended at 18338.45 with internal subdivision as a double three Elliott Wave structure. Down from wave (1), wave W ended at 19140.25 and wave X ended at 19693.50. Wave Y lower...
Short term Elliott Wave view on Nasdaq (NQ) shows that rally from 8.5.2024 low is unfolding as a 5 waves impulse. Up from 8.5.2024 low, wave (1) ended at 20025.25. Pullback in wave (2) ended at 18338.45 with internal subdivision as a double three Elliott Wave structure. Down from wave (1), wave W ended at 19140.25 and wave X ended at 19693.50. Wave Y lower...
Short term Elliott Wave view on Gold Miners ETF (GDX) suggests that decline to 33.86 ended wave (4). The ETF has turned higher in wave (5). Internal subdivision of wave (5) is unfolding as a 5 waves impulse Elliott Wave structure. Up from wave (4), wave ((i)) ended at 36.25 and dips in wave ((ii)) ended at 34.54. The Index extended higher in wave ((iii)) towards...
Short Term Elliott Wave view on DAX suggests that the Index is correcting cycle from 8.5.2024 low in 3, 7, or 11 swing before it resumes higher. The pullback on 8.5.2024 towards 17024.6 ended wave ((4)). The Index has turned higher in wave ((5)) with internal subdivision as an impulse Elliott Wave structure. Up from wave ((4)), wave ((i)) ended at 17505.23 and...
Short Term Elliott Wave view on NIFTY suggests that rally to 25078.3 ended wave ((3)). Pullback to 23900 ended wave ((4)) with internal subdivision as a zigzag Elliott Wave structure. Down from wave ((3)), wave (A) ended at 24723.7 and rally in wave (B) ended at 24835.10. Wave (C) lower ended at 23900.8 which completed wave ((4)) in higher degree. The Index has...
Short Term Elliott Wave view on Ten Year Notes (ZN) suggests that cycle from 8.9.2024 low is about to complete as 5 waves impulse. Up from 8.9.2024 low, wave ((i)) ended at 114’02 and dips in wave ((ii)) ended at 112’25. The Notes then extended higher in wave ((iii)) with internal subdivision as another 5 waves. Up from wave ((ii)), wave (i) ended at 114’01 and...
Short Term Elliott Wave in Dow Futures (YM) suggests that pullback to 38532 low on 8.5.2024 ended wave ((4)). The Index then turned higher and made a new all-time high in wave ((5)) as an impulse. Up from wave ((4)), wave 1 ended at 39619 and wave 2 pullback ended at 38689. The Index then extended higher in a nesting impulse with wave ((i)) ended at 39770 and dips...
Short Term Elliott Wave in Oil (CL) suggests the decline from 8.13.2024 high is unfolding as a 5 waves impulse. Down from 8.13.2024 high, wave (i) ended at 76.83 and rally in wave (ii) ended at 78.6. The commodity extended lower in wave (iii) towards 72.89 and rally in wave (iv) ended at 74.16. Final leg wave (v) ended at 71.46 which completed wave ((i)) in higher...
Short Term Elliott Wave in Tesla (TSLA) suggests that rally from 4.22.2024 low is in progress as a 5 waves leading diagonal. The internal subdivision of this diagonal is in 3-3-3-3-3. Up from 4.22.2024 low, wave (1) ended at 271 and pullback in wave (2) ended at 181.22. The stock has turned higher in wave (3) with internal subdivision as a 3 waves zigzag...
Short Term Elliott Wave in GBPJPY shows a bullish sequence from 8.5.2024 low, favoring further upside. Rally from 8.5.2024 low is unfolding as a 5 waves impulse. Wave (1) higher ended at 192.01. Pullback in wave (2) unfolded as a zigzag Elliott Wave structure like the 1 hour chart below shows. Down from wave (1), wave A ended at 190.34 and rally in wave B ended at...
Short Term Elliott Wave in Apple (AAPL) suggests pullback to 195.99 ended wave IV. The stock has turned higher in wave V with internal subdivision as 5 waves impulse. However, it still needs to break above previous wave III peak at 237.23 on July 15 to rule out a double correction. Up from wave IV, wave (1) ended at 213.5 and wave (2) pullback ended at 201.07. The...
Short Term Elliott Wave in NASDAQ:NVDA suggests that pullback to 90.7 ended wave IV. The stock has turned higher in wave V with internal subdivision as a 5 waves impulse. Up from wave IV, wave (1) ended at 109.25 and wave (2) pullback ended at 97.15. The stock has resumed higher as a nest. Up from wave (2), wave 1 ended at 108.3 and pullback in wave 2 ended at...
Short Term Elliott Wave in NASDAQ:IBEX suggests decline to 10307.61 ended wave ((4)). The Index has turned higher in wave ((5)) but it still needs to break above wave ((3)) peak at 11469 to rule out a double correction. Internal subdivision of wave ((5)) is unfolding as a 5 waves impulse Elliott Wave structure. Up from wave ((4)), wave ((i)) ended at 10488.6 and...
GBPUSD recently broke above previous peak on 7.14.2023 high at 1.3143 and shows a higher high bullish sequence from 9.26.2022 low. This leaves no doubt about the right side and direction of the pair which is higher. Near term, rally from 4.22.2024 low is ongoing as a 5 waves impulse Elliott Wave structure. Up from 4.22.2024 low, wave 1 ended at 1.3045 and pullback...
Short Term Elliott Wave in Silver suggests that rally to 5.20.2024 high at 32.51 ended wave ((3)). Pullback in wave ((4)) ended at 26.4 as the 1 hour chart below shows. The metal has turned higher in wave ((5)), but it still needs to break above wave ((3)) at 32.51 to rule out a bigger double correction. Up from wave ((4)), wave (i) ended at 27.74 and wave (ii)...
Short Term Elliott Wave View suggests rally in XETR:DAX to 18892.92 ended wave ((3)). Pullback in wave ((4)) unfolded as a double three structure where wave (W) ended at 17951.17 and wave (X) ended at 18779.40. Index then resumed lower in wave (Y) towards 17039.47 which completed wave ((4)). The Index has turned higher in wave ((5)) with internal subdivision as...