Elliott Wave view in DAX suggests that Index shows an incomplete bullish sequence from December 27, 2018 low favoring more upside. On the 1 hour chart below, we can see the rally to 13374.27 ended wave 3 and the pullback to 12890.56 on December 10, 2019 low ended wave 4. The Index has resumed higher in wave 5 with internal subdivision as a 5 waves Elliott wave...
Elliott Wave view in Nikkei (NKD_F) suggests that the Japanese Index ended wave (4) on December 3 at 22898. This is part of a bigger impulsive 5 waves rally from August 25, 2019 low (not shown on the chart). Up from August 25, 2019 low, wave (1) ended at 21970, wave (2) pullback ended at 21070, wave (3) ended at 23660 and wave (4) ended at 22898. In the 1 hour...
Short-term Elliott Wave view in Tesla (TSLA) suggests that pullback to 327.1 on Nov 27 low ended wave (4). From there, the stock is rallying within wave (5) as a 5 waves Elliott wave impulsive structure looking for more highs. Up from 327.1, wave ((i)) ended at 338.62 as a leading diagonal structure. Wave ((ii) pullback ended at 327.31 as a zigzag structure. The...
Short-term Elliott Wave view in Copper (HG_F) suggests that the metal is rallying as a 5 waves Elliott wave impulsive structure from November 15, 2019 low. Up from there, wave ((i)) ended at 2.69, and wave ((ii) pullback ended at 2.619. Subdivision of wave ((ii)) unfolded as a double zigzag. Wave (w) of ((ii)) ended at 2.653, wave (x) of ((ii)) ended at 2.679, and...
Short-term Elliott Wave view in Apple (ticker: AAPL) suggests that the pullback to 256.31 on December 3, 2019 low ended wave (4). The stock has resumed higher within wave (5) and the internal is unfolding as a 5 waves Elliott wave impulsive structure. Up from 256.31, wave ((i)) ended at 263.31, and wave ((ii) pullback ended at 259.45. The stock extended higher in...
Short term Elliott Wave view on GBPUSD suggests the rally from November 9, 2019 low is unfolding as a 5 waves impulsive Elliott Wave structure. On the chart below, wave 2 of the impulsive structure ended at 1.282. Wave 3 higher remains in progress and subdivides as an impulse in lesser degree. Up from 1.282, wave ((i)) ended at 1.2951 as 5 waves impulse. Pullback...
Short term Elliott Wave view on S&P 500 (SPX) suggests the rally from August 6, 2019 low is unfolding as a 5 waves impulsive Elliott Wave structure. On the chart below, we can see wave 3 of the impulsive move ended at 3155.32. Wave 4 pullback is currently in progress as a double zigzag before the rally resumes. Down from 3155.32, wave (a) ended at 3110.78 and wave...
Short term Elliott Wave view on Gold Miners ETF (symbol: GDX) suggests it is now correcting cycle from November 1, 2019 high (28.22) as a double three Elliott Wave structure. Decline from November 1 high (28.22) ended wave A at 25.98 as a 5 waves impulse. Wave ((i)) of A ended at 27.65 and bounce in wave ((ii)) of A ended at 28.05. Index then resumed lower in wave...
Rally in in Russell 2000 (RTY_F) from October 3, 2019 low is unfolding as 5 waves impulsive Elliott Wave structure. The chart below shows wave ((iv)) of the impulse ended at 1579.28. Index is currently within wave ((v)) before ending the cycle from October 3 low. Up from wave ((iv)), wave i ended at 1592.8 and wave ii pullback ended at 1580.60. Index then resumes...
Elliott Wave View in Nasdaq (NQ_F) suggests that the rally from October 3, 2019 low is unfolding as 5 waves impulsive Elliott Wave structure. On the chart below, we can see wave 3 of the impulse from October 3 low ended at 8379. The pullback in wave 4 ended at 8231 as a zigzag Elliott Wave structure. Wave ((a)) of 4 ended at 8291.50, wave ((b)) of 4 ended at 8348...
Elliott Wave View in SPX suggests that the sequence in the index from December 26.2018 low remains incomplete to the upside suggests any dips should remain supported in 3, 7 or 11 swings looking for more upside. Therefore, we don’t prefer selling the index. On the short term chart below, the index is rallying higher in a wave 3 as 5 waves impulsive Elliott Wave...
Short Term Elliott Wave view on Russell (RTY_F) suggests that the Index ended wave 2 at 1463.14. The Index then resumes higher in wave 3. The internal subdivision of wave 3 is unfolding as a 5 waves Elliott Wave structure. Up from 1463.14, wave ((i)) ended at 1530 and pullback to 1500.80 ended wave ((ii)). From there, Index rallied higher to 1614 to end wave...
Short Term Elliott Wave view on Ten Year Notes (ZN_F) suggests that the decline to 128 ended wave w. Wave x bounce is unfolding as a zigzag Elliott Wave structure. Wave ((A)) of x remains in progress with internal subdivision of a 5 waves impulse. Up from 128, wave (1) ended at 128.18 and pullback in wave (2) ended at 128.04. The Notes then resumed higher in wave...
Exxon Mobil (ticker symbol: $XOM) shows an incomplete 5 swing Elliott Wave sequence from April 23, 2019 high favoring further downside. In the short term chart below, we can see the rally to $73.12 on November 6, 2019 ended wave (X). The stock then resumes lower. The structure of the decline from November 6 high is unfolding as a 5 waves impulse Elliott Wave...
DAX shows an incomplete Elliott Wave sequence from December 27, 2018 low favoring further upside. The rally from August 15, 2019 low (11266.48) is unfolding as an impulse Elliott Wave structure where wave 1 ended at 12814.49 and wave 2 pullback ended at 12607.06. Wave 3 remains in progress and the internal subdivides in 5 waves of lesser degree. Up from 12607.06,...
The rally in Oil (CL_F) from October 3 low ($50.99) looks overlapping and corrective. This suggests the current rally is likely not a new bullish cycle. The structure of the rally is unfolding as a double three Elliott Wave structure. Up from October 3 low, wave ((w)) as shown on the chart below ended at $56.92. The pullback in wave ((x)) ended at 53.71 with the...
Elliott Wave View on USDJPY suggests the rally from October 3 low is unfolding as a leading diagonal. A leading diagonal is one form of a 5 waves move with wave 1 and 4 overlapping and the structure looks like a wedge. Up from October 3 low, wave ((i)) ended at 108.93 (not shown on chart), and wave ((ii)) pullback ended at 107.87. Pair then resumed higher in wave...
Elliott Wave View on Russell index suggests that the rally from 10/03/2019 low is unfolding as a 5 waves impulse structure favoring more upside to take place. While above 10/03/2019 low, wave 1 ended at $1510.7 high and a pullback in wave 2 ended at $1463.8 low. Index has extended higher in wave 3 with the subdivision of another 5 waves in lesser degree cycles...