Wave summary: The correction moved deeper than we had expected hitting 1.6637 as a low. The decline to 1.6637 did not change anything and we are still looking for an upside acceleration towards 1.7641 and 1.8020 as the next major upside targets. In the short term, we will be looking for a minor correction lower […]
Wave summary: The triangle consolidation we have been tracking over the last two weeks is finally over and we should now see resistance at 128.75 protecting the upside for a downside thrust out of the triangle and a decline towards 126.05 and 125.45 as the next downside targets. In the longer term, we continue to […]
Wave summary: We are still looking for even more upside acceleration here. In the short term, a breakout above minor resistance at 1.7060 will call for the next impulsive rally higher towards 1.7300. Ideally, a breakout above the red channel resistance line will confirm the expected acceleration higher towards 1.7641 and 1.8021. Support is now […]
Wave summary: No changes are observed here. The triangle consolidation that we have been tracking for the last couple of days is still unfolding, but we are in the final part of this triangle now. We are watching for a minor rally in wave-e to 128.21 or maybe even slightly higher to 128.40. But once […]
Wave summary: We have seen an expected breakout above the base channel resistance line near 1.6750, which now should act as support for upside acceleration towards 1.7205 and 1.7641. In the longer term, we continue to look for even more upside pressure towards 1.8020 as the next important long-term resistance. Trading recommendation: We are long […]
Wave summary: The triangle continues to unfold as we expected. In the short term, we should see support at 127.28 protecting the downside for another small rally towards 128.50 before the thrust downside takes us lower to 126.05 and 125.45. In the long term, I would be looking for even more downside pressure towards 123.57 […]
Can Stock Values Simply “Disappear”? Yes. And it’s happened before, too — just think back to the 2007-2009 financial crisis By Elliott Wave International On Wednesday (Jan. 13) CNBC reported that, “Almost $3.2 trillion has been wiped off the value of stocks around the world since the start of 2016, according to calculations by a […]
Learn how the Wave Principle measures market emotion — and how that helps you be a better investor: http://www.elliottwave.com/wave/PeteK Learn How the Wave Principle Can Improve Your Trading Related Posts:Will Netflix earnings take the share price closer to its… April 15, 2024 Netflix is set to announce strong EPS and revenue growth…Weekly forecast based on […]
Wave summary: With a firm breakout above the base-channel resistance-line and more importantly above resistance at 1.6841, we have been given the next “GO” for the upside acceleration towards 1.7205 and 1.7643 on the way higher to strong resistance of 1.8021. The strong resistance still should be broken sooner or later for a continuation higher […]
Wave summary: The triangle consolidation we have been looking for continues to unfold just as we expected. Still more small squiggles are needed inside the triangle to finish wave d and e before a downside thrust will be seen. It will take an unexpected break above 129.08 to invalidate the triangle scenario, but even if […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Learn How the Wave Principle Can Improve Your Trading Related Posts:Bitcoin will thrive during supply crisis April 12, 2024 What will happen with Bitcoin? The answer to this question…Financial future on the horizon: US stocks rise ahead of… April 10, 2024 On Tuesday, ahead of the release of key inflation data,…Gold rallies above $2000 […]
Wave summary: We have seen the expected rally back to and just above a former high of 1.6841, we still need a firm close above this high to confirm the next rally higher to 1.7205 and even 1.7641 as a close at an 8-hourly basis above 1.6841 will call for an upside acceleration in wave […]
Wave summary: The possible triangle we mentioned yesterday is more and more likely to be formed. As we said yesterday, we are still at the very beginning of the process, so a lot can still happen to the corrective pattern. But for now, we will play out the triangle scenario. Once this triangle terminates, a […]
Wave summary: Overall we continue to look for more downside pressure towards 126.05 and below to 125.45 as the next downside targets. As long as minor resistance at 128.47 protects the upside, we are looking for a direct break below minor support at 127.64 for a new test of 126.76 on the way lower to […]
Wave summary: The correction from 1.6841 is likely to be over with the test of 1.6370. We will now be looking for a break above 1.6714 and of course more importantly a break above 1.6841 confirming upside acceleration towards 1.7205 and likely even higher to 1.7641. In the longer term, we continue to look for […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx A well-known financial publication suggests that now is the time to invest for the long-term. Such an approach might be hazardous to your portfolio. See a chart that shows a dip-buyer’s nightmare. Learn How the Wave Principle Can Improve Your Trading Related Posts:Financial future on the horizon: US stocks rise ahead of… April 10, […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Here we’ll briefly look at two measures of gold sentiment. First is this chart of gold we published on December 21st. Learn How the Wave Principle Can Improve Your Trading Related Posts:Weekly forecast based on simplified wave analysis of… April 15, 2024 EUR/USDAnalysis:The daily chart scale of the major pair of the…Technical Analysis – […]
Wave summary: The rally of the wave ii low at 1.5794 continues progressing higher. We have now seen the resistance at 1.6445 tested, but not broken clearly. We think that the minor support at 1.6238 will be able to protect the downside for the next rally through resistance at 1.6445 for continuation higher to 1.6583 […]
Wave summary: The correction in red wave (iv) has unfolded well as an expanding flat correction. As red wave (ii) was a simple zigzag correction, some kind of flat or triangle was expected in red wave (iv) due to the alternation principle. Wave c of red wave (iv) could move slightly higher to 129.36, but […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx An important sector of the U.S. economy has contracted for the second month in a row. Deflation is a rare condition that’s occurred only twice in U.S. history. Has the third episode already started? Learn How the Wave Principle Can Improve Your Trading Related Posts:The ECB has not yet made a final decision on […]
Wave summary: We have now seen a clear break above an important resistance at 1.6220, which has opened up the upside for a rally to 1.6583 and 1.6736 as next upside targets. Support is now found in the 1.6197-1.6220 area, which ideally will protect the downside for a continuation towards 1.6445 and 1.6583. In the […]
Wave summary: As we expected, red wave (iii) ended at 126.97 and wave (iv) is now unfolding. This correction in red wave (iv) is more about time than the price. It means the correction is expected to shallow and pave the way for the next move lower towards 125.84 as the next downside target. A […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Pay attention to the market’s momentum. The late Richard Russell of Dow Theory fame developed a proprietary configuration of eight market-based measures. We’ve created a momentum indicator from this configuration. Look at the chart. Learn How the Wave Principle Can Improve Your Trading Related Posts:Behind the scenes of Wall Street’s rise: the impact of… […]
Chris Carolan joins Alexandra Lienhard on ElliottWaveTV to discusses Monday’s sharp declines in China’s Shanghai Composite and Germany’s DAX. Learn more: http://www.elliottwave.com/wave/carolan Learn How the Wave Principle Can Improve Your Trading Related Posts:Outlook for GBP/USD on April 8. The pound feels great in a… April 8, 2024 Analysis of GBP/USD 5M GBP/USD showed absolutely absurd […]
Wave summary: We have seen a failed test to break above 1.6220, but we think the next test to break above this minor resistance will be successful. A clear break above 1.6220 will open up the upside for a continuation higher towards 1.6446 and 1.6749 as the next upside targets. In the short term, we […]
Wave summary: We have seen the expected downside acceleration as wave (iii) lowered towards the expected target near 116.13. We were looking for a minor sideways consolidation near minor support at 128.03, but there was no support to be found here and it is typical behavior of wave (iii). Corrections during a third wave tend […]
Wave summary: The first attempt to break above short term important resistance at 1.6220 failed, but it should just be a matter of time before this resistance at 1.6220 will be broken and pave the way for a continuation higher towards 1.6935. Longer term, we are only in the very beginning of a new impulsive […]
Wave summary: Once an important short-term support at 131.00 gave away, there was no looking back and we have seen a nice impulsive decline to the long-term support line near 129.00. Sooner or later, we expect the support line to be broken clearly as downside acceleration towards 116.13 is anticipated in the longer term. As […]
Wave summary: The wave ii tooled us all the way down to 1.5794 just above the start of the wave i at 1.5784. Second waves are allowed to correct 100% of the first wave, but they must never ever break below the start point of the first wave. In this case, the wave ii stopped […]
Wave summary: A direct break below important support at 131.00 was the deciding factor. That break indicated that the wave (ii) ended at 134.59; and the wave (iii), lower to 126.05 and more likely even lower towards 116.13, which is now unfolding. In the short term, we will ideally see resistance at 130.55 protecting the […]
