Short Term Elliott Wave View suggests rally in XETR:DAX to 18892.92 ended wave ((3)). Pullback in wave ((4)) unfolded as a double three structure where wave (W) ended at 17951.17 and wave (X) ended at 18779.40. Index then resumed lower in wave (Y) towards 17039.47 which completed wave ((4)). The Index has turned higher in wave ((5)) with internal subdivision as...
Short Term Elliott Wave View in EURUSD suggests that pair is close to form a bullish sequence. A break above the previous high on 12.28.2023 at 1.1139 suggests the next leg higher has started. Near term, rally from 6.26.2024 low is unfolding as a 5 waves impulsive structure. Up from 6.26.2024 low, wave 1 ended at 1.0948 and pullback in wave 2 ended at 1.0777....
Rally from 9.26.2022 low in AMEX:GDX is currently in progress as a 5 waves diagonal. Up from 9.26.2022 low, wave (1) ended at 36.26 and pullback in wave (2) ended at 25.62. The ETF then extended higher in wave (3) towards 39.4 and pullback in wave (4) ended at 33.85 as the 1 hour chart below shows. Internal subdivision of wave (4) unfolded as a double three...
Short Term Elliott Wave in NFLX suggests that the Stock has completed a bearish sequence from 7.05.2024 high. The decline made a double correction Elliott Wave structure. Down from 7.05.2024 high, wave (W) ended at 600.00 low. Rally in wave (X) ended at 678.97 with internal subdivision as a zig zag correction structure. Up from wave (W), wave A ended at 655.54 and...
Short Term Elliott Wave USDJPY suggests that the pair is developing a bearish sequence from 07.03.2024 high. The decline made a double correction Elliott Wave structure. Down from 07.03.2024 high, wave A ended at 155.36 low. Rally in wave B ended at 157.86 high with internal subdivision as zig zag structure. Then, the pair resuming lower completing wave C at...
Short Term Elliott Wave View in SPX suggests the trend should continue higher within the sequence started from March 2023 low as the part of daily sequence. It favors upside in wave ((5)) while dips remain above 5124.76 low. Since March 2024 high of (3), it starts a correction as wave (4) ending in April at 4953.56 low and bounced again. The market resumed the...
Short Term Elliott Wave in FTSE suggests that the index has completed a bearish sequence from 5.15.2024 high. The decline made a zig zag Elliott Wave structure. Down from 5.15.2024 high, wave A ended at 8106.79 low. Rally in wave B ended at 8405.24 high with internal subdivision as a expanded flat structure. Up from wave A, wave ((a)) ended at 8279.75 and wave...
Short Term Elliott Wave View in E-Mini Dow Jones Futures (YM_F) suggests the trend should continue higher within the sequence started from April-2023 low as the part of daily sequence. It favors upside in wave ((5)) while dips remain above 38535 low. Since April-2024 high of (3), it starts to move sideways for almost 3 months to build a triangle structure. This...
Short Term Elliott Wave View in Silver (XAGUSD) suggests that pullback to 28.58 low ended a wave (A). The metal turned higher again in wave (B) ended at 31.75 high. The market resuming lower from wave (B) high breaking below 28.58 low to rule a larger correction. It means, Silver is developing a wave (C) of ((4)) as a zig zag Elliott Wave structure. Down from wave...
Short Term Elliott Wave in QQQ suggests that the ETF has completed a bearish sequence from 7.11.2024 high. The decline made a zig zag Elliott Wave structure. Down from 7.11.2024 high, wave (A) ended at 455.63 low. Rally in wave (B) ended at 475.61 with internal subdivision as a expanded flat structure. Up from wave (A), wave A ended at 467.94 and wave B ended at...
Short Term Elliott Wave View in Oil (CL) suggests that cycle from 4.12.2024 high is in progress as a 5 waves impulse Elliott Wave structure. Down from 4.12.2024 high, wave (1) ended at 72.48 and rally in wave (2) ended at 84.55. The commodity has turned lower in wave (3) with internal subdivision as another impulse in lesser degree. Down from wave (2), wave (i)...
Short Term Elliott Wave in Nikkei (NKD) suggests the Index shows short term incomplete bearish sequence from 7.10.2024 high favoring further downside. Decline from 7.10.2024 is in progress as a double three Elliott Wave structure. Down from 7.10.2024 high, wave (W) ended at 37395. Rally in wave (X) ended at 39318 with internal subdivision as a zigzag structure. Up...
Short Term Elliott Wave in USDJPY suggests that cycle from 7.3.2024 high is in progress as a double three Elliott Wave structure. Down from 7.3.2024 high, wave A ended at 155.37 and rally in wave B ended at 157.86. Wave C lower ended at 151.94 which completed wave (W) in higher degree. Pair then rallied in wave (X) which ended at 155.25 as a zigzag structure. Up...
Short Term Elliott Wave in Russell 2000 (RTY) suggests that rally to 2304.90 ended wave 3. Pullback in wave 4 unfolded as a zigzag Elliott Wave structure. Down from wave 3, wave (i) ended at 2246.1 and wave (ii) ended at 2285.50. Index resumed lower in wave (iii) towards 2206.80 and wave (iv) rally ended at 2224.20. Final wave (v) lower ended at 2193.6 which...
Short Term Elliott Wave View in E-Mini Dow Jones Futures (YM) suggests the trend should continue higher within the sequence started from April-2024 low as the part of daily sequence. It favors upside in wave 5 of (5) since 18-April, 2024 low, while dips remain above 40053 low. Since April-2024 low of (4), it placed 1 at 40213 high, 2 at 38111 low as dip pullback...
Short Term Elliott Wave view in CHFJPY suggests the decline from 7.11.2024 high unfolded as a zigzag structure. Down from 7.11.2024 high, wave A ended at 175.84 and rally in wave B ended at 177.64. The pair then extended lower in wave C with internal subdivision as an impulse. Down from wave B, wave ((i)) ended at 176.91 and rally in wave ((ii)) ended at 177.51....
Short Term Elliott Wave View in Ethereum (ETHUSD) suggests the impulse sequence ended at $3562.6 high started from 7.05.2024 low. Below there, it favors corrective pullback in wave (2). In daily sequence, it ended ((4)) correction at $2811 low as double three structure against November-2022 low. Above ((4)) low, it ended wave (1) rally at $3562.6 high as the part...
Short Term Elliott Wave View in Oil (CL) suggests that cycle from 4.12.2024 high is in progress as a 5 waves impulse Elliott Wave structure. Down from 4.12.2024 high, wave (1) ended at 72.48 and rally in wave (2) ended at 84.55. The commodity has turned lower in wave (3) with internal subdivision as another impulse in lesser degree. Down from wave (2), wave (i)...