Wave summary: We have moved closer to important support at 1.6470 which should protect the downside for a new rally above 1.6715 and, more importantly, above resistance at 1.6874 confirming a rally towards 1.7220 and higher. A break below 1.6470 will not invalidate the bullish bias, but merely delay the expected upside rally. Only a […]
Wave summary: The important short term resistance at 126.70 has protected the upside nicely and we will now be looking for renewed weakness to below support at 125.05 confirming more downside pressure towards 123.01 and below to 122.06 and 119.90. Only an unexpected break above 126.70 will delay the expected downside pressure for a move […]
Using Fibonacci calculations helps you identify high-probability price targets and trade setups. In this new interview with our Senior Instructor Jeffrey Kennedy, you’ll learn how Fibonacci pairs perfectly with Elliott wave analysis. Watch now. Learn more: http://www.elliottwave.com/wave/ImproveYourTrading http://www.elliottwave.com/r.asp?rcn=ytvideos1503&url=http://beta.elliottwave.com/Free-Reports/Learn-How-the-Wave-Principle-Can-Improve-Your-Trading Learn How the Wave Principle Can Improve Your Trading Related Posts:Weekly forecast based on simplified wave analysis […]
Wave summary: We have seen a minor break above the resistance at 1.6845, but it is not enough to confirm that the next impulsive rally towards 1.7220 is developing. However, we expect the minor support at 1.6616 will be able to protect the downside for a new rally above 1.6845 for the expected rally to […]
Wave summary: Nothing new to add here. We still expect that the former support at 126.03 will act as resistance and protect the upside for renewed weakness towards 122.06 on the way lower to 119.90. Only an unexpected break above resistance at 126.70 will invalidate the bearish outlook for a move slightly above 127.27 before […]
The Wave Principle is the only technical analysis tool that lets you know exactly where you’re wrong, to the pip, tick, or penny. Senior Instructor Jeffrey Kennedy explains this important value — among others — of Elliott wave analysis. Learn more: http://www.elliottwave.com/wave/ImproveYourTrading http://www.elliottwave.com/r.asp?rcn=ytvideos1503&url=http://beta.elliottwave.com/Free-Reports/Learn-How-the-Wave-Principle-Can-Improve-Your-Trading Learn How the Wave Principle Can Improve Your Trading
Wave summary: The support area between 1.6445 – 1.6521 held perfect for a new rally. In the short term, I will be looking for a break above 1.6703 as the first good indication that the next impulsive rally is building for a rally towards 1.7220 and above. To confirm the rally towards 1.7220 a break […]
Wave summary: The break below minor support at 126.03 is the first strong indication that the corrective wave b terminated at 127.27 and wave c now is developing for a decline to 119.90 and maybe even lower to 117.35. In the short term, the former support at 126.03 now acts as resistance for a continuation […]
Credit deflation — and DE-flation in other areas — in Europe is a surprise only for those who have been expecting IN-flation, due to the European Cebtral Bank’s “uber-inflationary” measures such as quantitative easing. However, subscribers of our monthly European Financial Forecast, edited by Brian Whitmer, got multiple warnings about deflation years ago. In this […]
Wave summary: After testing very strong resistance near 126.90, we are look for a breakout below minor support at 126.05 to confirm that wave b is over and wave c towards 119.90, and possibly even lower to 117.35, is developing. It should just be a matter of time before we could see the peak of […]
Wave summary: The correction we where looking for has become slightly deeper than expected, but that does not alter our expectation of a new impulsive rally taking off soon. The deeper correction just tells us that the Market is still unsure about the validity of this rally, which is well understood taking into consideration of […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/more_info/the-socionomist.aspx?code=SOCIONET&latest=on One manifestation of negative social mood is the rising fear or hatred of strangers, i.e, xenophobia. Exclusionism is on the rise in Europe, and social upheaval could arise in the United States next. Learn how you can prepare for what we see just around the corner. Learn How the Wave Principle Can Improve Your […]
Natural gas recently hit a 17-year low. Elliott Wave International’s Steve Craig talks to ElliottWaveTV’s Alexandra Lienhard about his analysis and his surprising forecasts. The full 7-minute interview with Steve Craig is reserved for his Energy Pro Service subscribers. Get the rest of this interview, along with Steve’s full forecast for crude oil and natural […]
Wave summary: A price swing were quite volatile yesterday, but nothing has changed in the general picture. Wave [ii] terminated at 1.6086 and wave [iii] higher towards 1.8551 is now developing. Short-term support is found near 1.6589, which will ideally protect the downside for a breakout above minor resistance at 1.6768 and more importantly above […]
Wave summary: EUR/JPY has moved higher than expected and is likely to test the strong resistance near 126.90. As long as this resistance protects the upside, the long-term correction lower will be intact for a decline closer to 119.90 and even lower to 117.37. If, however, this resistance gets broken, it will be the first […]
Are you interested in taking your trading to the next level? Would you like to learn methods that will allow you to spot trading opportunities for yourself? Join Jeffrey Kennedy for one of our most popular free events, Trader Education Week — watch. http://www.elliottwave.com/r.asp?rcn=ytvideos1503&url=http://beta.elliottwave.com/Free-Events/Trader-Education-Week Register here: http://www.elliottwave.com/wave/TEW0316 Learn How the Wave Principle Can Improve Your […]
Wondering “What did I do wrong?” Discover if you’re making one of these common mistakes. Seasoned traders and investors are susceptible to these mistakes, too. Watch. Learn more: http://www.elliottwave.com/wave/CrashCourse http://www.elliottwave.com/r.asp?rcn=ytvideos1503&url=http://beta.elliottwave.com/Investing/The-Top-5-Mistakes-Traders-And-Investors-Make Learn How the Wave Principle Can Improve Your Trading Related Posts:Energy in Focus: What news awaits investors on Wall Street April 15, 2024 US stocks […]
Are you interested in taking your trading to the next level? Would you like to learn methods that will allow you to spot trading opportunities for yourself? Join Jeffrey Kennedy for one of our most popular free events, Trader Education Week — watch. http://www.elliottwave.com/r.asp?rcn=ytvideos1503&url=http://beta.elliottwave.com/Free-Events/Trader-Education-Week Register here: http://www.elliottwave.com/wave/TEW0316 Learn How the Wave Principle Can Improve Your […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/products/ffs/Financial-Forecast-Service.aspx?code=CG Fed up with earning next to nothing on your bank deposits? It could be worse. Some depositors are actually paying for the privilege. Here’s an idea for protecting your hard-earned money. Learn How the Wave Principle Can Improve Your Trading Related Posts:Technical Analysis – Gold attempts to unlock new high April 10, 2024 Gold […]
Wave summary: We have just seen the expected test of support at 1.6110 (the pair hit the low at 1.6085). We are now looking for a break above minor resistance at 1.6304 as the first good indication that wave [ii] is over and wave [iii] higher is developing. A break above resistance at 1.6637 confirms […]
Wave summary: With the break above minor resistance at 125.01 the possible running triangle was invalidated and instead the expanded flat correction took over as a preferred corrective pattern. Red wave c should ideally make it to 126.24 before the expanded flat is complete for a new impulsive decline to 119.90. Short-term support is seen […]
Jeffrey Kennedy, a recognized expert in Elliott wave analysis and forecasting, explains why the Wave Principle is such a reliable and powerful way to forecast the financial markets. Announcing Trader Education Week — learn more: http://www.elliottwave.com/wave/tew0316 Learn How the Wave Principle Can Improve Your Trading Related Posts:GBP/USD: trading plan for the US session on April […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/products/ffs/Financial-Forecast-Service.aspx?code=CG It’s been over 80 years since the world plunged into a devastating deflation. Now, an entire lifetime later, the evidence for this rare event is appearing again. Look at these two charts. Learn How the Wave Principle Can Improve Your Trading Related Posts:Congrats on Winning in the Ramadan Challenge Promo April 10, 2024 We’d […]
Wave summary: We have almost reached the expected target of 1.6110. Short term, we expect minor resistance at 1.6305 will be able to protect the upside for a final decline closer to the 1.6110 target, from where the next impulsive rally is likely to take off and break above resistance at 1.6305. More importantly, resistance […]
Wave summary: We still opt for the running triangle coount rather than the alternative counts. Short term, we would like to see a break below minor support at 123.91 and more importantly below 123.66, which would call for the termination of red wave c and indicate that red wave d towards 122.68 is developing. It […]
In this new ElliottWaveTV interview, Elliott Wave International’s Global Opportunities Expert Chris Carolan puts the Shanghai Composite’s recent 6% decline in perspective with the overall trend. Learn more: http://www.elliottwave.com/wave/Carolan Learn How the Wave Principle Can Improve Your Trading Related Posts:Technical Analysis – GBPJPY trades lower ahead of key market… April 7, 2024 GBPJPY is in […]
Wave summary: This cross again did, what it has done many times lately. It stages the first minor signal that the correction in wave [ii] was over and then took a new dive to new lows, this is pretty confusing. The break to a new low, does call for a move closer to 1.6110 before […]
Wave summary: The rally from 122.08 seems to have topped at 124.36. The failure to take out the 125.01 high does indicate that a running triangle is developing, but not an expanded flat. We will totally rule out the possibility of the expanded flat, but the odds now favor a running triangle (it’s called a […]
Wave summary: We continue to look for a confirmation that wave [ii] is over and wave [iii] higher towards 1.8629 is unfolding. Ideally we will see the low at 1.6236 protect the downside for a break above minor resistance at 1.6513 and more importantly a break above resistance at 1.6637 that would confirm wave [iii] […]
Wave summary: The break above the minor resistance-line from 131.66 is yet another good indication that wave c of the expanded flat correction now is unfolding. The ideal target for wave c is seen at 125.63, from where the risk again will turn towards the downside. That does not mean a turn will be seen, […]
