http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 The notion that “earnings drive stock prices” powers a lot of research on Wall Street. See a chart that torches this assumption. 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 […]
Wave summary: We still don’t have much to add here. We continue to look for evidence that the red wave ii/ has completed and the red wave iii/ higher to 1.6236 is ready to unfold. The first good indication that the red wave ii/ have completed and the red wave iii/ is developing will be […]
Wave summary: We continue to look for the final rally towards the ideal target at 133.34. A break above the resistance at 130.77 will confirm that the final leg higher is developing. Once the 133.34 target has been tested, we should start looking for a reversal lower. That said, a break below minor support at […]
Wave summary: We continue to look for the final rally towards the ideal target at 133.34. A break above the resistance at 130.77 will confirm that the final leg higher is developing. Once the 133.34 target has been tested, we should start looking for a reversal lower. That said, a break below minor support at […]
Wave summary: The trading range has finally been broken. A little surprising it was broken towards the downside for a deeper correction in red wave ii/, but short-term important support at 1.5419 should continue to cap the downside for renewed strength and a break above minor resistance at 1.5729 and more importantly a break above […]
Wave summary: We continue to look for a break above minor resistance at 130.77 to confirm the next part of the rally higher towards the ideal 133.34 target. Short-term minor support is seen at 129.90 which is expected to be able to protect the downside for the break above 130.77. It will, however, only be […]
http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 The stock market began to rally long before Donald Trump was elected president. What’s more, the evidence shows that the rally would have likely occurred even if another candidate had won. It boils down to the market’s price pattern – see for yourself. Learn How the Wave Principle Can Improve Your Trading Related Posts:Financial […]
Wave summary: There is absolutely nothing new to add here. The range-trading in the 1.5577-1.5899 area is continuing. We still expect a break above 1.5780 and more importantly a break above 1.5899 to be seen for a continuation higher towards 1.6236 and above. Trading recommendation: We are long EUR from 1.5510 with stop placed at […]
Wave summary: EUR/JPY has failed to break lower towards 127.22, which indicates that wave v higher towards the ideal 133.46 target already is developing. Support is now seen at 129.22 and should be able to protect the downside for a break above resistance at 130.77 confirming that wave v is unfolding. Trading recommendation: Our stop+reverse […]
See just how much you can learn from three simple charts. http://www.elliottwave.com/free-Events/commodity-hotlist?tcn=ytv1703 Learn How the Wave Principle Can Improve Your Trading Related Posts:EUR/USD. April 11th. Fed minutes: inflation concerns persist April 11, 2024 On Wednesday, the EUR/USD pair rebounded from the corrective level…Weekly Forex Outlook: 16/02/2024 – Fed minutes headline a… February 16, 2024 Dollar […]
Wave summary: The range-trading continues here. We continue to look for a break above minor resistance at 1.5780 and more importantly a break above resistance at 1.5899 that confirms continuation higher to 1.6236 and above. Only an unexpected break below 1.5419 will delay the expected rally higher. Trading recommendation: We are long EUR from 1.5510 […]
Wave summary: As long as minor resistance at 129.70 is able to cap the upside, we will continue to look for a deeper decline in wave c of iv closer to 127.22. Once this target has been tested or upon a direct break above minor resistance at 129.70 the final rally higher towards 133.46 should […]
http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 The evidence shows that when corporate executives initiate buyback programs of shares, the decisions are usually not born from rational analysis. The share price performance of corporations which invested in their own shares might surprise you. Learn How the Wave Principle Can Improve Your Trading Related Posts:Will Netflix earnings take the share price closer […]
Wave summary: No much to add here. We are still looking for a break above 1.5899 to confirm the next impulsive rally higher towards 1.6236 and above. As long as resistance at 1.5899 is able to cap the upside, more sideways consolidation should be expected, but no break below 1.5419 can be accepted under this […]
Wave summary: The corrective structure has shifted in favor of a flat correction. Short-term, we expecte resistance at 130.77 will be able to cap the upside for a final leg lower to support at 127.22 to complete the flat correction in wave iv and then move higher towards 133.46 in wave v. Trading recommendation: Our […]
http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 Some trends pull prices like a freight train, and jumping on the wrong one can cost you dearly. That’s why, in the Elliott wave approach, identifying the trend is paramount. Let’s look at crude oil prices as an example. Learn How the Wave Principle Can Improve Your Trading Related Posts:Technical Analysis of Daily Price […]
Wave summary: No change in view here. We countinue to look for a break above minor resistance seen at 1.5733 and more importantly above resistance at 1.5899 that will call for a continuation higher towards 1.6236 and above here too in the longer term. Only an unexpected break below support at 1.5419 will delay the […]
Wave summary: No change in view here except that for a possible downside target. As the sideways consolidation in wave b drags out the likely downside target for wave c of iv, it will only make it lower to 127.22 before turning higher again in wave v towards 133.46. Trading recommendation: We are short EUR […]
http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 A housing market measure that just surged to the highest level ever may also be a warning to home buyers. We saw a similar development 10 years ago, when the worst part of the housing market implosion was still ahead. Learn How the Wave Principle Can Improve Your Trading Related Posts:Market Comment – Gold […]
Wave summary: We continue to look for a break above minor resistance at 1.5899 that should provide upside acceleration towards 1.6236 and higher. Short-term support is now seen at 1.5613 and important support is seen at 1.5419, which must protect the downside. Trading recommendation: We are long EUR from 1.5510 with stop placed at 1.5410. […]
Wave summary: We are still looking for a deeper correction in wave iv closer to 126.38 before the next rally higher in wave v will take over for a rally towards 133.46. Short-term resistance is seen at 129.57 which ideally will be able to cap the upside for the decline towards 126.38. Trading recommendation: We […]
http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 Gold and silver are widely considered classic inflation hedges. But conventional wisdom often does not square with reality. Market observers tend to see what fits with their paradigm. This will change yours. 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 […]
Wave summary: After the spike down to 1.5419, we are looking for a new rally to and above resistance at 1.5899 for a continuation to 1.6236 and even higher longer-term. Support is now seen at 1.5419 and is expected to be able to protect the downside. Trading recommendation: We are long EUR from 1.5510 with […]
Wave summary: EUR/JPY continues to point lower in a correction, which ideally will reach a low of 126.39 before turning higher again towards at least 1.3346. Short-term minor resistance is seen at 129.52, which we expect will cap the upside for a deeper corrective decline. Trading recommendation: We are short EUR from 129.85 with stop […]
Stock market action in recent weeks suggests that the enthusiasm for the technology sector is simmering down. More than that, outright animosity is being directed toward some of technology’s biggest names. Here’s what we see down the road. Learn How the Wave Principle Can Improve Your Trading Related Posts:Technical Analysis – Is CADJPY setting the […]
Get more financial insights like these — 100% free. Just follow this link: http://www.elliottwave.com/wave/etv2016. Learn How the Wave Principle Can Improve Your Trading Related Posts:Will US retail sales add juice to the dollar’s rally? –… April 12, 2024 US retail sales will hit the markets at 12:30 GMT…Technical Analysis – WTI oil pauses rally but […]
Wave summary: Red wave ii has turned into an expanded flat, which is now calling for an extended rally in red wave iii. Ideally red wave ii completed with the test of 1.5419 and red wave iii towards at least 1.6232 now is developing. To confirm red wave iii is developing, we need to see […]
Wave summary: We continue to look for a deeper correction closer to support near 125.82 before the next rally higher should be expected. Short-term, we are looking for minor resistance at 129.66 to be able to protect the upside for the next decline towards 125.82. Trading recommendation: We are short EUR from 129.85 with a […]
Wave summary: The break back below support at 1.5712 has taken us by surprise. Short term, we might even see a continuation slightly below 1.5509 before red wave ii is complete and a new impulsive rally to above 1.5887 will be seen in red wave iii. Only a break above minor resistance at 1.5737 confirms, […]
Wave summary: After topping at 130.77 a nice decline towards 125.82 is being seen. Minor resistance is now seen at 129.66, which we expect will be able to cap the upside for the expected decline towards 125.82. Trading recommendation: We sold EUR at 129.85 and will lower our stop to 129.70. If you are not […]
