Elliottwave-Forecast

Elliottwave-Forecast

Hello traders, USDJPY Short term Elliott Wave View in USDJPY suggests that the pullback to 112.27 ended black wave ((x)). Internal of black wave ((x)) unfolded as a zigzag Elliott Wave structure where blue wave (a) ended at 113.07, blue wave (b) ended at 113.7, and blue wave (c) of ((x)) ended at 112.27. Black wave ((y)) rally is now progressing as a double three...

Elliottwave-Forecast

Hello Traders, Short term Elliott Wave View in Amazon suggests that the bounce to 1784 ended red wave x. And red wave y is currently in progress lower as a double three Elliott Wave structure. Down from 1784, black wave ((W)) ended at 1420 and black wave ((X)) bounce is in progress and is currently trading in the blue box area where a reaction lower is expected....

Elliottwave-Forecast

Hello Traders, Cycle from Sept 24 high (1.182) in EURUSD remains in progress as an Elliott Wave impulse structure where black wave ((1)) ended at 1.1214 and black wave ((2)) is proposed complete at 1.147. Pair still needs to break below black wave ((1)) at 1.1214 to validate this view. Until then, we still can’t rule out a double correction in black wave ((2)) in...

Elliottwave-Forecast

Hello Traders, Since forming the high on Oct 3 at $76.9, Oil (CL_F) has dropped more than 30% in just less than 2 months. The move lower is pretty fast and short term Elliott Wave view suggests the decline is unfolding as an impulse Elliott Wave structure. Down from $76.9, black wave ((1)) ended at $68.47, black wave ((2)) ended at $69.65, black wave ((3)) ended...

Elliottwave-Forecast

CADJPY short-term Elliott wave view suggests that a bounce to 87.00 on 11/08/2018 high ended blue wave (X). Down from there, the decline unfolded as double three structure where black wave ((w)) ended at 85.44 low as zigzag structure. A bounce to 86.35 ended black wave ((x)). Then a decline to 84.61 low ended black wave ((y)) & completed the red wave W lower....

Elliottwave-Forecast

Hello Traders, DAX has broken below Oct 26 low (11051) and suggests that the Index has resumed the decline lower. We are calling the decline from July 27 high (12886.83) as a triple three Elliott Wave Structure where decline to 11051.04 low on Oct 26 ended blue wave (Y) and bounce to 11692.91 high on Nov 2 ended second blue wave (X). Down from 1162.91, short...

Elliottwave-Forecast

Hello Traders, EURUSD ended the cycle from 11/24 peak (1.1819) at the low of 11/12 (1.1218) in black wave ((1)). Above from that low we are calling black wave ((2)) pullback complete at 11/21 peak (1.14733). The internals of black wave ((2)) unfolded as an Elliott Wave ZigZag structure (5-3-5) where blue wave (A) ended at 11/15 peak (1.1350). The internals of...

Elliottwave-Forecast

Hello Traders, The precious metal group does not get any break in the past 7 years. The move lower has been relentless and rally has been short lived. Silver in particular has corrected 70% from the 2011 high at $50 and still has not shown any sign of serious recovery. Our short term Elliott Wave view suggests that Silver is doing a 5 waves impulsive Elliott Wave...

Elliottwave-Forecast

Hello Traders, Short term Elliott Wave view on Oil suggests that the decline starting from Oct 3 high ($76.9) remains in progress as a 5 waves impulse Elliott Wave structure. Down from Oct 3 high, black wave ((1)) ended at $68.47 and black wave ((2)) ended at $69.66. Black wave ((3)) ended at $54.75 and black wave ((4)) is proposed complete at $57.37. Consistent...

Elliottwave-Forecast

Hello Traders, Short term Elliott Wave view on Nifty suggests that the decline to 10004 on Oct 26 low ended black wave ((2)). This means that Index has ended the selloff which started from Aug 28 high (11760.20). It is currently either in the process of eventually breaking to new high again or at least rallying in 3 waves to correct the cycle from Aug 28 high...

Elliottwave-Forecast

Hello Traders, EURUSD has broken below Nov 1 low (1.13) and now the pair shows a 5 swing bearish sequence from Sept 24 high (1.1815), favoring further downside. Short term Elliott Wave view suggests that the move higher to 1.15 ended black wave ((2)). Internal of wave ((2)) unfolded as a double three Elliott Wave structure. Wave (W) of ((2)) ended at 1.1455, wave...

Elliottwave-Forecast

Hello Traders, Short Term Elliott wave view in GBPJPY suggests that the decline to 142.77 ended blue wave (2). Up from there, the pair rallies as an impulse and ended red wave A at 149.49. Red wave B pullback is currently in progress to correct cycle from Oct 26 low (142.77) before the next leg higher. We can see internals of wave A unfolded in 5 waves where...

Elliottwave-Forecast

Hello Traders, Short term S&P 500 (SPX) Elliott wave view suggests that the selloff starting from Sept 21 high (2940.9) has ended at Oct 29 low (2603.54). We take the most aggressive view and call the low at 2603.54 as red wave IV. This suggests that SPX is ready to rally in a new bullish cycle towards a new all time high. However, for this view to gain validity,...

Elliottwave-Forecast

Hello traders, Oil (CL_F) short-term Elliott wave analysis suggests that the decline from Oct 3rd high is unfolding as a 5 waves impulse structure. In an impulse structure, the internals of wave 1, 3, and 5 also subdivide in another 5 waves of lesser degree. With Oil, we propose red wave 3 ended at $62.52 , red wave 4 ended at $64.12, and red wave 5 is still in...

Elliottwave-Forecast

Hello Traders, Apple decline from 10/03 peak (233.43) ended black wave ((W)) at 10/11 low (211.94). Above from there it ended black wave ((X)) pullback at 10/24 peak (224.16). Down from there it ended smaller degree blue wave (W) at 10/29 low (206.17) as flat structure in a lesser degree. Above from there it ended blue wave (X) pullback at 11/01 peak (223.48)....

Elliottwave-Forecast

Hello Traders, Bank of America Elliott wave analysis suggests that a decline to $27.26 low ended blue wave (3). The internals of that decline unfolded in 5 waves impulse structure in lesser degree cycles. Up from there a 3 wave bounce to $29.19 high ended blue wave (4) as double three structure. Down from there, the stock declined lower in another lesser degree 5...

Elliottwave-Forecast

Hello Traders, YM short-term Elliott wave view suggests that a bounce to 25845 high ended red wave “b”. Down from there, red wave “c” unfolded as ending diagonal structure i.e lesser degree cycles within black wave ((1)), ((3)) & ((5)) also unfolded in 3 swings structure. Where black wave ((1)) ended at 25220 low as zigzag structure. Up from there, a bounce to...

Elliottwave-Forecast

Hello Traders, EURNZD short-term Elliott wave analysis suggests that the decline from 10/08/2018 peak is unfolding as Zigzag structure. Where a bounce to 1.7881 high ended black wave ((ii)), black wave ((iii)) ended in lesser degree 5 waves at 1.7528 low. Black wave ((iv)) ended at 1.7596 high. And black wave ((v)) ended at 1.7493 low which also completed the red...