Elliottwave-Forecast

Elliottwave-Forecast

Hello Trades, Today we will have a look at bitcoin in the 1-hour timeframe. Short-term Elliott wave analysis suggests that the decline to $6072 low ended red wave 2 pullback. The internals of that pullback unfolded as Elliott wave Flat correction where black wave ((a)) ended in 3 swings at $6445.31 low. Black wave ((b)) bounce ended in 3 swings at $6820 high and...

Elliottwave-Forecast

Hello Traders, Let's have a look at the Amazon 1 hour chart. Short-term Elliott wave analysis suggests that pullback to $1646.48 low ended blue wave (2). Above from there, the stock is rallying higher in blue wave (3). The internals of that extension higher is unfolding as Elliott wave impulse structure with sub-division of 5 waves. Above from $1646.48 low, the...

Elliottwave-Forecast

Hello Traders, In this Elliott Wave Analysis, we will have a look at Oil. OIL short-term Elliott wave analysis suggests that the rally to $75.31 high ended in red wave III. Down from there, the larger correction in red wave IV is taking place in 3, 7 or 11 swings before Oil resumes higher. The internal of the first leg of the decline from $75.28 high took place...

Elliottwave-Forecast

Hello Traders, Today we will have a look at the VOX ETF in the 1-hour chart. Near-term the ETF ended the cycle from 06/28/18 low (84.09) in blue wave (1) at the peak of 07/12/18 (88.26). The internals of blue wave (1) unfolded in a 5 waves Elliott Wave impulse with an extended red wave 3, where it ended red wave 1 at the peak of 06/28/18 (85.43) and red wave 2...

Elliottwave-Forecast

Hello Traders, In this Elliott Wave Analysis, we will have a look at Amazon. Short-term it is suggesting that the cycle from 6/25/2018 low ($1646.31) is rallying higher in an impulse structure. This suggests that the internal sub-division of each leg higher is unfolding as 5 waves structure of lesser degree i.e black wave ((i)), ((iii)) & ((v)), whereas wave...

Elliottwave-Forecast

Hello Traders, In this Elliott Wave Analysis, we will have a look at GBPUSD in the 1-hour timeframe. GBPUSD ended the cycle from 06/07/18 peak (1.3475) in blue wave (1) at the low of 06/21/18 (1.3102). Up from that low, it ended blue wave (2) pullback at the peak of 07/09/18 (1.3364). The internals of blue wave (2) unfolded as a Elliott Wave flat structure....

Elliottwave-Forecast

Hello Traders, In this Elliott Wave Analysis, we will have a look at Oil in the 1 hour chart. The commodity ended its cycle from 8/1/2016 low (39.19) at the peak of 07/03 in red wave III and currently, it is correcting that cycle in 3-7 or 11 swings in red wave IV lower before the rally can resume. Near-term it ended blue wave (W) at 07/12 low (69.23). The...

Elliottwave-Forecast

Hello Traders, In this Analysis, we will have a look at AUDUSD. AUDUSD short-term Elliott Wave view suggests that the decline to $0.7308 low ended blue wave (A) coming from 6/06/2018 peak ($0.7676). Above from there, the 3 waves recovery to $0.7484 high ended in blue wave (B). The internals of that blue wave (B) unfolded as Elliott Wave Zigzag correction where...

Elliottwave-Forecast

Hello Traders, In this Elliott Wave analysis, we will have a look at Bitcoin in the 1-hour time. Bitcoin ended the cycle from 05/05/18 peak at 06/24/18 low and it is currently correcting the cycle from 05/05/18 peak in 7 or 11 swings, targeting the equal legs from 06/24/18 low towards 7289.04-7529.43 areas before it can turn lower again. The cryptocurrency...

Elliottwave-Forecast

Hello Traders, In this Elliott Wave analysis, we will have a look at EURJPY in the 1- hour timeframe. EURJPY short-term suggests that the decline to 126.63 on 6/19 low ended blue wave (2) pullback. Up from there, blue wave (3) remains in progress as Elliott wave impulse. The internals of red wave 1 is unfolding as a leading diagonal with sub-division of...

Elliottwave-Forecast

Hello Traders, In this Elliott Wave Analysis, we will have a look at the Hang Seng Index. Short-term view suggests that the rally to 31521.13 high on 6/07/2018 peak ended blue wave (2). Down from there, the decline to 27990.45 low is proposed to have completed blue wave (3). The internals of blue wave (3) unfolded as Elliott Wave Impulse structure with...

Elliottwave-Forecast

Hello Traders, In this Elliott Wave analysis, we will have a look at the SPX Index. SPX short-term suggests that the rally from 4/02/2018 low to $2792.25 ended the blue wave (1). Down from there, correction against that cycle remains in progress in 3, 7 or 11 swing structure. Also, it’s important to note here that the decline from $2792.25 peak shows an...

Elliottwave-Forecast

Hello Traders, In this Elliott Wave Analysis, we will have a look at Facebook in the 1-hour chart. Short-term Elliott wave analysis suggests that the rally to $203.55 ended in black wave ((1)). Down from there, the pullback in black wave ((2)) remains in progress in 3, 7 or 11 swings to correct cycle from 3/26/2018 low. The internals of that pullback shows an...

Elliottwave-Forecast

Hello traders, In this Elliott Wave analysis, we will have a look at Bitcoin In the 1-hour time. Bitcoin ended the cycle from 05/05/18 peak at 06/24/18 low and it is currently correcting the cycle from 05/05/18 peak in 3-7 or 11 swings before it can turn lower again. The cryptocurrency ended the cycle from 05/05/18 peak in blue wave (A) at the low of 06/24/18...

Elliottwave-Forecast

Hello Traders, Today we will have a look at the Dollar Index in the 1-hour chart. The DXY has a bullish sequence in the 1-hour chart suggesting more upside. Dollar index ended the cycle from 06/07/18 low at the peak of 06/15/18 (95.13) in the blue wave (W). From that peak it ended the correction to the cycle from 06/07/18 low at the low of 06/29/18 (94.46) in...

Elliottwave-Forecast

Hello Traders, In this 1-hour Elliott Wave analysis, we will have a look at the CHK stock. Up from 02/09/18 low, CHK it’s proposed to be nesting higher, where it ended blue wave (1) at the peak of 02/23/18 (3.45) and blue wave (2) pullback at the low of 03/02/18 (2.76). Up from that low, current view is suggesting that the stock is in a extend blue wave (3),...

Elliottwave-Forecast

Hello Traders, In this analysis, we will have a look at GBPUSD in the 1-hour chart. The pair is correcting cycle from 10/7/16 low within red wave b which is expected to take the form of a zig-zag. Black wave ((A)) ended at 05/21/18 low (1.3201) and black wave ((B)) pullback is proposed to be completed at 06/07/18 peak (1.3473). Below from 06/07/18 peak, it ended...

Elliottwave-Forecast

Hello Traders, In this analysis, we will have a look at XRP/USD in the 4-hour chart. Down from 04/24/18 peak, Ripple is showing an incomplete 5 swings sequence to the downside. Ripple completed the cycle from 04/24/18 in blue wave (W) at the low of 05/29/18 (0.5428). The internals of blue wave (W) unfolded as an Elliott Wave Zig-Zag structure where it ended...