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Wave summary: We are looking for a corrective low near 1.5439 for a break above minor resistance at 1.5633 and more importantly a break above 1.5720 that confirms the corrective low is in place for the next impulsive rally higher in wave iii/ towards 1.6655. As long as minor resistance at 1.5633 is able to […]
Wave summary: Not really much to add here. The triangle consolidation remains the preferred outlook. We continue to look for wave d closer to 134.62 before the final dip lower in wave e to complete the triangle consolidation, setting the stage for renewed upside pressure towards 134.58 and likely even closer to 138.52. Only an […]
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Wave summary: We continue to look for confirmation that the corrective decline from 1.6237 has completed. The first strong indication will be a break above the resistance line seen at 1.5636, while a break above resistance at 1.5720 will add confidence in wave iii/ developing towards 1.6655. R3: 1.5931 R2: 1.5720 R1: 1.5636 Pivot: 1.5600 […]
Wave summary: No change in view here. We are still looking for more upside in wave d closer to 134.62 before a final dip in wave e will be expected to complete the triangle consolidation and set the stage for the next rally higher to at least 134.58 and likely even closer to 138.52. Only […]
http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 The head of credit research for a municipal-bond management firm just commented: “We haven’t seen this in a modern state before.” He was talking about Illinois’ deep fiscal trouble. Look at the eye-brow-raising credit spread. Learn How the Wave Principle Can Improve Your Trading Related Posts:What to choose: gold or bonds? October 26, 2023 […]
Wave summary: We continue to look for confirmation that the wave ii has completed in form of a break above the resistance line near 1.5685 and more importantly a break above resistance at 1.5720. Once this resistance is broken, renewed upside pressure will be expected towards 1.6002 on the way higher to 1.6655. R3: 1.5931 […]
Wave summary: The outlook has not been changed. We are still looking for the wave d of the triangle consolidation to move closer to the resistance at 124.62 before turning lower in wave e to complete the triangle consolidation and set the stage for a new impulsive rally towards at least 134.48 and likely even […]
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Wave summary: Wave ii/ has extended it’s decline to 1.5468, which should be more than enough to complete wave ii/ and set the stage for a rally higher in wave iii/ towards 1.6655. That said, we will need a break above minor resistance seen at 1.5720 to confirm that wave ii/ has completed and wave […]
Wave summary: Important support at 122.53 is still holding firm and should continue to do so for a rally higher towards 134.62 to complete the wave d of the triangle consolidation. Once the wave d is complete a final dip in wave e should be seen before renewed upside pressure is seen through resistance at […]
Wave summary: We have already seen the expected dip below support at 1.5588 and seen a low at 1.5533. This will likely be enough to complete wave ii/, but a break above minor resistance seen at 1.5746 and more importantly a break above resistance at 1.5931 will be needed to confirm that wave ii/ has […]
Wave summary; Important support at 122.53 protected the downside for a break above minor resistance seen at 123.55 indicating wave c had completed and wave d, of the expected triangle consolidation, now is unfolding. This should provide a rally higher to 124.63 in the coming days. Short-term minor support seen at 122.97 should be able […]
In investing, one rule of thumb tells you that the higher the return, the higher the risk. Today, one high-yield debt instrument that was at the forefront of the 2007-2009 financial crisis has reached a new, dangerous milestone. We’re sounding the alarm — again. Learn How the Wave Principle Can Improve Your Trading Related Posts:EUR/USD. […]
Wave summary: We continue to look for one more dip to just below 1.5588 in an expanded flat correction. This final dip should make it closer to 1.5485 to complete wave ii/ and turn prices higher in wave iii/ to above resistance at 1.6237 for a rally towards 1.6655 and above. R3: 1.6006 R2: 1.5837 […]
Wave summary: A decline to 122.91 has been seen, but important short-term support at 122.53 remains untouched favoring the larger triangle consolidation unfolding. Under this count, we should now see a rally towards 124.92 in wave d and then a final dip in wave e to complete the triangle consolidation to set the stage for […]
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Wave summary: We continue to expect support at 1.5660 will be able to protect the downside for a break above minor resistance at 1.5837 and more importantly a break above resistance at 1.6006 for a rally towards 1.6655. If, however, support at 1.5660 gives away the will extend wave ii lower to 1.5485 in an […]
Wave summary: The failure to rally has shifted the short-term count in favor of a triangle consolidation unfolding for wave B. If this is the case, then support seen at 123.11 should be able to protect the downside for a rally above resistance seen at 123.31 that confirms wave C is developing for a rally […]
The U.S. housing market has staged a significant rebound since prices bottomed in February 2012. Now, at least one measure ofoptimism has returned to the height of the bubble days. Some say not to worry because “the economy is in far better shape than a decade ago.” Is today really different? Learn How the Wave […]
Wave summary: We continue to look for more upside pressure through minor resistance at 1.5931 and more importantly above resistance at 1.6006 confirming a continuation higher towards 1.6655. Only an unexpected break below 1.5660 will delay the expected rally and revive the “old” 1.5485 target in an expanded flat wave ii/, before higher again. R3: […]
Wave summary: Despite a slightly deeper correction from 125.31 than first expected, we remain bullish for more upside pressure above 125.31 and more importantly a break above resistance at 125.81, which will confirm a continuation higher towards 127.50 and above. Even if a break below 124.38 is seen that should only call for a little […]
Wave summary: We still need a break above minor resistance seen at 1.6002 to confirm that wave ii/ did complete with the test of 1.5660 and that wave iii/ higher towards 1.6655 is developing. Short-term, we expect minor support seen at 1.5815 max. 1.5785 will be able to protect the downside for the rally above […]
Wave summary: We are looking for more upside pressure towards at least 127.50 as wave C higher is unfolding. The ideal target for this rally in wave C is seen near 138.52. Short-term, we expect minor support seen at 124.58 will be able to protect the downside for a break above resistance at 125.81 that […]
Wave summary: The break above minor resistance seen at 1.5869 was the first indication that wave ii/ completed early in a running flat instead of the expected dip below 1.5588 in an expanded flat. To confirm that wave iii/ is indeed developing, we still need to see a break above 1.6002, but once seen that […]
Wave summary: The break above minor resistance seen at 124.65 has confirmed that wave iii/ higher towards at least 127.50 now is developing. Short term, we should see support in the 124.53 – 124.65 area protecting the downside for a continuation higher to and above 125.81 for the rally higher to 127.50 as the next […]
http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service?tcn=ytv1703 The demand for luxury tends to increase as a financial mania matures. One of the latest extravagant items weighs 33 pounds and is made of solid gold. Financial trend changes usually occur when they’re least expected. Are you prepared? Learn How the Wave Principle Can Improve Your Trading Related Posts:Weekly forecast based on simplified […]
