Short term Elliott Wave view in GBPUSD shows that rally to 1.2816 ended blue wave (4). Internal of that rally unfolded as a triple three Elliott Wave structure. Red wave W ended at 1..2687, red wave X ended at 1.2528, red wave Y ended at 1.2739, second red wave X ended at 1.2614, and red wave Z ended a 1.2816. Decline from there ended at 1.2437 in black wave ((a))...
Elliott Wave outlook in Oil (CL_F) suggests that the move lower from 10/3 high ($76.9) remains in progress as a 5 waves impulsive Elliott Wave structure. Down from $76.9, black wave ((1)) ended at $65.74, black wave ((2)) ended at $67.95, and black wave ((3)) ended at 42.27 low. Internal of black wave ((3)) also unfolded as 5 waves impulsive Elliott Wave structure...
Elliott Wave view in Alibaba (BABA) shows that the stock has an incomplete bearish sequence from 6.5.2018 high ($211.7). The 100% target in 7 swing comes at $88.3 and this view remains valid as far as the stock stays below 12.3.2018 high ($168.8). Near term, decline from 12.3.2018 high ended a 5 waves structure in black wave ((1)) at $129.10. Above from there it...
Elliott Wave outlook in Oil (CL_F) suggests that the move lower from 10/3 high ($76.9) remains in progress as a 5 waves impulsive Elliott Wave structure. Down from $76.9, black wave ((1)) ended at $65.74, black wave ((2)) ended at $67.95, and black wave ((3)) remains in play. Internal of black wave ((3)) also unfolded as 5 waves impulsive Elliott Wave structure of...
Hello Traders, EURJPY ended the cycle from 09/25 peak at 10/26 low (126.652) in red wave W. Above from there it ended red wave X bounce at 129.2616 peak as a tringle structure. From there it already broke to new lows confirming that the next extension lower has started. Near-term from 12/13 peak (129.2616) it ended that cycle at 12/25 low (125.329) in black...
Nikkei short-term Elliott wave view suggests that the cycle from 10/01/2018 peak is showing 5 swings bearish sequence. This favor more downside to 19073-16773 100%-123.6% Fibonacci extension area to be reached in 7 swings before support for bigger 3 wave bounce is seen at least. The decline from 10/01 peak is showing overlapping price action thus suggests that...
$NQ_F short-term Elliott wave view suggests that a bounce to $6897 high ended black wave ((X)). Down from there, the decline is unfolding as a zigzag structure within black wave ((Y)) where an initial decline to $6772.25 low ended red wave 1. Red wave 2 bounce ended at $6864.75 high, red wave 3 ended in lesser degree 5 waves at $6523 low. Then a bounce to $6649...
OIL Elliott wave analysis suggests that a decline from October 3, 2018 peak ($76.9) is unfolding as impulse Elliott wave structure. Down from $76.9 peak, the black wave ((1)) ended at $68.47 low. A black wave ((2)) bounce ended at $69.65 high. Then a decline to $54.75 low ended black wave ((3)). Black wave ((4)) bounce ended at $57.98 high. Oil is currently in the...
Short Term Elliott Wave view suggests that cycle from 11.8.2018 high (87) ended at 83.55 in red wave W and bounce to 85.27 ended red wave X. Pair has resumed lower in red wave Y, but it needs to break below red wave W at 83.55 for confirmation and to avoid double correction in red wave X. Internal of red wave W unfolded as a double three Elliott Wave structure...
Short Term Elliott Wave view suggests that cycle from Oct 8 low (0.642) has ended at 0.697 high as black wave ((1)) at 12/04 peak. Pair is now in the process of correcting the rally from Oct 8 low in 3, 7, or 11 swing within black wave ((2)). Decline from 0.6968 is unfolding as a double three Elliott Wave structure where red wave W ended at 0.6852 and red wave X...
Short Term Elliott Wave view suggests that the selloff in Bitcoin is not yet over. Rally to $4409.77 ended blue wave (X). Down from there, the decline is unfolding as a double three Elliott Wave structure where red wave W ended at $3210. Internal of red wave X unfolded also as a double three Elliott Wave structure, but of a lesser black degree. Black wave ((w)) of...
SPX has broken below Oct 30 low (2603.54), i.e. Black wave ((W)), opening further downside with incomplete bearish sequence from Sept 21 high (2940.91). Near term Elliott Wave view suggests the decline to 2603.54 on Oct 30 low ended black wave ((W)). Bounce to 2815.6 ended black wave ((X)) as a zigzag Elliott Wave structure. Up from 2603.54, blue wave (A) ended at...
Hello Traders, Exxon Mobil (ticker: XOM) has broken below Nov 23 low ($74.7) and opens further downside in the stock with incomplete sequence from Sept 25 high ($87.36). Short Term Elliott Wave view suggests bounce to $81.97 on 12/5 high ended red wave X. Decline from there is unfolding as a double three Elliott Wave structure where black wave ((w)) ended at...
DAX continues to make a new low and this week broke below 11/20 low (11009) suggesting that the move lower remains in progress. Near term Elliott Wave outlook calls for the decline to 11009.25 on 11/20 as blue wave (3). From there, rally to 11566.97 ended blue wave (4) as a zigzag Elliott Wave structure. Red wave A of (4) ended at 11403.72, red wave B of (4) ended...
USDCAD has broken above 11/29/2018 high (1.336) as well as above 6/27/2018 high (1.3386) creating an incomplete bullish sequence. Short term Elliott Wave view suggests the rally to 1.336 on 11/29 ended blue wave (W) and the pullback to 1.3157 ended blue wave (X). Internal of blue wave (X) unfolded as a zigzag Elliott Wave structure where red wave A ended at 1.324....
Hello Traders, Short term Elliott Wave view in USDJPY suggests that cycle from 11/12 peak (114.21) remains in progress as a double three Elliott Wave structure. Down from 114.21, black wave ((w)) ended at 112.27 and black wave ((x)) bounce ended at 114.03. Internal of black wave ((x)) unfolded as a zigzag Elliott Wave structure where blue wave (a) ended at...
Hello Traders, NIFTY is showing an incomplete sequence to the upside in the short term, favoring more upside while above 11/26 low (10487.1). Near term, cycle from 10/26 low (10004) remains in progress as a zigzag Elliott Wave structure. Blue Wave (A) ended at 10774.7 as 5 waves impulse Elliott Wave structure and blue wave (B) ended at 10487.13 low. Blue of wave...
NZDUSD short-term Elliott wave analysis suggests that a decline to 0.6751 low ended blue wave (4) pullback. The internals of that pullback unfolded as double three structure where red wave W ended at 0.6780 low. Up from there, a 3 wave bounce to 0.6852 high ended red wave X. Then finally a decline to 0.6751 low ended red wave Y to completed blue wave (4). Up from...