US Dollar(DXY) Sell Set Up Wave AnalysisThis week I will be looking for shorts in the US Dollar, A potential 3rd Wave to the downside. Wait for price to give us confirmation
Elliottwavecorrection
Soybean Futures Buy Set Up Wave AnalysisLook for a Bullish wave to the upside, in either a wave 5 or wave c
Elliott Wave View: Dow Jones Futures (YM_F) Has Resumed HigherDow Jones Futures (YM_F) broke above June 10 high (26289) suggesting that the next leg higher has started. The Index is now showing an incomplete sequence from June 3 low (24610), favoring further upside. Short term Elliott Wave view calls the rally to 26289 on June 10 as wave 1 and pullback to 25898 as wave 2. This indicates that the entire rally from June 3 low is unfolding as an impulse Elliott Wave structure. Wave 2 unfolded as a double zigzag where wave ((w)) ended at 26050, wave ((x)) ended at 26261, and wave ((y)) of 2 ended at 25898.
Wave 3 is currently in progress and subdivides as an impulse in lesser degree. Up from wave 2 low at 25898, wave (i) ended at 26153 and wave (ii) ended at 26001. Expect the Index to see a few more highs to end 5 waves up from 25898 low. This 5 waves up will end wave ((i)) of 3. Index should then pullback in wave ((ii)) to correct cycle from June 13 low before the rally resumes. We do not like selling the Index and expect buyers to appear as dips continue to hold above 25898 in 3, 7, or 11 swing
AUD/NZD Buy Set Up!!! Potential Bullish 3rd Wave Wave AnalysisI am looking for a big push up in AUD/NZD, a 3rd wave of a 3rd wave= Money.
EUR/CHF Potential Sell Set Up Wave AnalysisLook for a break in trend line to give us more confluence of a bearish wave trend continuation
EUR/AUD Potential Long Term Sell Set Up Wave AnalysisWe could be near the end of a corrective structure that started in 2012, Look for signs of a sell off.
short on correction H4 waveEWT wave projection market..
Looking selling opportunity in peak of wave B..
currently market in subwave D in wave B..
Looking forward to sell at new hi in current small which is TF h1 and below..
unless market break and close below 1331.7 for tf h1...
Break below market wont go any hi..just pick a good price to sell
Trade wisely
Goodluck!!!
Elliott Wave View Favors More Upside in Nike (NKE)Short term Elliott wave view in Nike (NKE) calls the rally from June 3 low unfolding as a 5 waves impulse Elliott Wave structure. Up from June 3 low, wave 1 ended at 78.58 and wave 2 pullback ended at 77.58. Wave 3 ended at 84.23 and subdivides as another impulse structure in lesser degree. Wave 4 pullback ended at 82.47, and wave 5 ended at 84.38 which also subdivides as an impulse in lesser degree. The 5 waves move higher ended wave (A) and the stock is now correcting cycle from June 3 low in wave (B)
The correction is proposed to unfold as a zigzag Elliott Wave structure. Potential area where wave (B) can end is 50 – 61.8% Fibonacci retracement of wave (A). This area comes at 79.69 – 80.54 where buyers can appear for more upside. We don’t like selling the stock.
Short at the end of Wave 4NZDJPY has completed waves 1, 2, and 3 in its descent from 75.954. Wave 4 is forming and expected to retrace up to Fibo lvl 38.2 of Wave 3 (72.695). A short entry from there is possible with targets set at inverse Fibo levels 100, 123.6, and 161.8 of Wave 4 as shown on the chart.
Happy Trading
Elliott Wave View: Further Strength in DAX Short TermElliott wave view in DAX calls the pullback to 11625.31 as ending wave (W). This move lower ended the decline from May 3 high. The Index thus is within wave (X) rally to correct the cycle from May 3 high (12435.67) before it resumes lower again. On the chart below, we can see the rally from June 3 low (11625.31) is unfolding as an impulse Elliott Wave structure. Up from 11625.31, Wave ((i)) ended at 11744.93, wave ((ii)) ended at 11689.51, and wave ((iii)) ended at 11972 peak and wave ((iv)) at 11109 low and wave ((v)) at 12055 peak in red wave A.
It should now pullback in wave B to correct the cycle from June 3 low in 3, 7, or 11 swing before turning higher. We don’t like selling the Index.
E Mini S&P 500 Buy Set Up Elliot Wave AnalysisI am looking at the decline in the E Mini S&P 500 that started on May 1st of this year to be a corrective structure as of now. I believe the corrective structure could be coming to an end now that we have entered my kill zone(orange box). We are at the bottom of the channel which is acting as support right now. Watch for the Buy set up of what could be a nice Bullish wave to create new highs.
Elliott Wave View: Gold Should Remain SupportedElliott wave view in Gold suggests that the decline to $1269.30 low ended intermediate wave (2) pullback. Above from there, the metal is nesting higher in an impulse structure looking for more upside within intermediate wave (3).
Down from there, wave 2 unfolded as a zigzag structure where black wave ((a)) ended at $1275.90 low. Wave ((b)) ended at $1285.80 high and wave ((c)) 2 ended at $1274.79 low. Up from there, (3) is in progress in another 5 waves structure initially looking for more upside in wave (3) of 1. Afterward, metal is expected to do a pullback in 3, 7 or 11 swings. However, for now it is expected to extend further in ((iii)). We don’t like selling it as the right side tag is bullish & calling for more upside against 1274.79 low.
Gold Buy Set Up Elliot Wave + Technical AnalysisWatch as I use Elliot Wave and Technical Analysis to forecast and start to plan a trade on Gold.
Elliott Wave View: S&P 500 (SPX) Has Resumed LowerShort term Elliott Wave view on S&P 500 (SPX) suggests that it has resumed the next leg lower. The Index has ended the cycle from December 26, 2018 low after a 5 months rally. After topping at 2961.25 on May 1, 2019, it is now expected to pullback in larger 3, 7, 11 swing to correct the cycle from December 2018 low. We are calling the decline from May 1, 2019 as a zigzag Elliott Wave structure. On the chart below, we can see the bounce to 2892.15 ended wave B.
The Index has resumed lower in wave C with potential 100% extension target towards 2702.4 – 2738.4 area. The internal of wave C is unfolding as Elliott Wave impulse structure. Down from wave B at 2892.15, wave ((i)) ended at 2831.29 and wave ((ii)) ended at 2868.88. Wave ((iii)) is nesting and currently unfolding also as an impulse in lesser degree. Wave (i) of ((iii)) ended at 2805.49 and wave (ii) of ((iii)) ended at 2841.94. Near term, while rally fails below 2841.94 in the first degree, and 2892.15 in second degree, expect the Index to extend lower.
Crude Oil Sell Set Up Wave Analysis Complex CorrectionLook for the sell set up to finish the complex W-X-Y corrective structure.
Bitcoin Wave Analysis Bullish Wave To Create Higher HighsBitcoin formed a big corrective structure all of 2018 and I believe it have ended. Price have began to rise quite impulsively from the $3,270 low of December 2018. Price is approaching a strong resistance/supply area around the $10,000 level wgere I believe we will encounter some weakness which will give people a chance to buy the pullback. In conclusion I do believe Bitcoin will keep gaining strength throughout the year eventually creating new highs.
Crude Oil WaveAnalysis Buy Set UpI believe the bearish corrective structure is near the end and the Bullish wave have started. Look for a small corrective structure to ride the wave up to retest the highs and create new highs.
USD/JPY Sell Set Up Wave AnalysisLook for price to break out of the corrective structure to head lower in the bearish trend towards the support level of 108.490
Elliott Wave View: Nasdaq Looking to Turn LowerNasdaq (NQ_F) decline from April 25 peak (7879.93) unfolded as an impulsive Elliott Wave structure and ended wave ((A)) at 7290. The internal of wave ((A)) unfolded as a 5 waves impulse. Down from 7879.93, wave (1) ended at 7682.25 and wave (2) ended at 7872.50. Wave (3) ended at 7481, wave (4) ended at 7637, and wave (5) of ((A)) ended at 7290. Subdivision of wave (1), wave (3), and wave (5) also unfolded as 5 waves as the chart below shows.
Wave ((B)) bounce is in progress to correct cycle from April 25 peak. The internal of wave ((B)) is unfolding as a double zigzag Elliott Wave structure.
We don’t like buying the Index and expect rally to fail in 3, 7, or 11 swing for more downside or at least 3 waves pullback. This view remains valid as far as pivot at 7879.93 high stays intact.
Elliott Wave View: Downside Pressure in USDJPYhort Term Elliott Wave is calling for an impulsive move in USDJPY from April 25, 2019 peak. Down from 112.4, wave ((i)) ended at 111.36 and wave ((ii)) ended at 112.03. Wave ((iii)) ended at 109.44, and wave ((iv)) ended at 110.05. Internal of wave ((iii)) subdivides also as an impulse of lesser degree. Down from 112.03, Wave (i) of ((iii)) ended at 111.02, wave (ii) of ((iii)) ended at 111.7. Wave (iii) of ((iii)) ended at 110.27, wave (iv) of ((iii)) ended at 110.96, and wave (v) of ((iii)) ended at 109.44.
Bounce in wave ((iv)) ended at 110.05 as a zigzag structure. Below from there it made a new low suggesting that wave ((v)) is in progress. While below 110.05 peak it should extend lower.
Elliott Wave View: Impulsive Decline in NikkeiOur Elliott Wave view on Nikkei suggests the rally to May 4, 2019 high (22505) ended wave w. This ended cycle from December 26, 2018 low and the Index is in the process of at least doing a larger 3 waves pullback. Short Term, decline in Nikkei from May 4, 2019 high is unfolding as an Elliott Wave impulse structure. Down from 22505, wave 1 ended at 21935 and wave 2 ended at 22245. Wave 3 ended at 21080 low.
Expect wave 4 bounce to fail in 3, 7, or 11 swing as far as wave 2 pivot at 22245 stays intact. Possible target for wave 4 is 23.6 – 38.2 retracement of wave 3 at 21539 – 21672. Alternatively, Index can end the entire 5 waves from May 4, 2019 high already. In this case, it should do a larger 3 waves bounce to correct the cycle from May 4 high before the decline resumes. We don’t like buying the Index and expect further downside in the Index to complete a 5 waves down.
USD/CAD WAVE ANALYSIS POTENTIAL BUY SET UPWatch for price to push higher towards the Blue box if we break through the orange box which is a supply zone. I believe we have a completed 3 wave structure as well and we are gearing up for a Impulsive Bullish wave
