Wave summary: The price action continues to be very discouraging. We continue to look for a firm break above 1.5408 and more importantly for a break above resistance at 1.5520 for confirmation that the ongoing correction finally has completed and a new impulsive rally higher to 1.5900 and 1.6426 is developing. Longer term, we continue […]
Wave summary: The impulsive rally from 113.11 continues to unfold as expected. We are looking for a rally to the 116.19 – 116.36 area to complete red wave [iii] and after a small correction/consolidation towards 115.36 more upside pressure towards 118.54 will be expected. Longer term, we continue to expect higher levels, as we regard […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/products/ffs/Financial-Forecast-Service.aspx?code=CG The late Paul Montgomery, the originator of the magazine cover indicator, said that when a financial trend makes the cover of a general-interest magazine like Time or Newsweek, the trend is close to a reversal. See how this time-tested indicator helped us to spot the top in in Icahn Enterprises. Learn How the Wave […]
Wave summary: Another disappointing performance has been seen. We remain locked between support near 1.5283 and resistance near 1.5416. We continue to favor the upside and a break above minor resistance at 1.5416 for a rally higher towards 1.5649 and 1.5839 on the way higher. That said, we will have to accept that as long […]
Wave summary: The impulsive rally from 113.11 continues to unfold nicely. The next upside target to look for is seen in the 116.19 – 116.36 area, but longer term, we continue to look for much higher levels. Short-term resistance is seen at 114.96 and then at 114.62 that should be able to protect the downside […]
Wave summary: No change in view here. We are still looking for support at 1.5283 to be able to protect the downside for a break above minor resistance at 1.5520 and more importantly for a break above resistance at 1.5642 confirming renewed upside pressure towards 1.5839 on the way higher to 1.7253. Only an unexpected […]
Wave summary: The rally of the 113.11 low continues to unfold as expected. We would of cause like to see more upside acceleration, but overall the rally looks as expected. We continue to expect minor support at 114.63 and more importantly support at 113.81 will protect the downside for the continuations higher towards 116.19 and […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www2.elliottwave.com/club/signuplt/newsletters.aspx August 15th saw prices reach an all-time high in the Dow. Yet, the Elliott wave pattern we’re following suggests something else was also at work: Namely, a near-term peak at 3 degrees of trend. Learn How the Wave Principle Can Improve Your Trading Related Posts:Technical Analysis of Intraday Price Movement of Filecoin… April 7, […]
We continue to look for a break above minor resistance at 1.5545 and more importantly a break above 1.5649 to confirm the next rally higher to at least 1.5839 and above here will open up the upside for a continuation towards 1.6931 and above. The risk remains a break below 1.5187 that will call for […]
Wave summary: The break above important short-term resistance at 104.03 has opened up the upside for a rally towards 118.58 and 122.00 as the next larger upside targets. This is also supported by the possible Inverse S/H/S bottom (not the most pretty we have ever seen). This bottom formation was triggered by the break above […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/products/ffs/Financial-Forecast-Service.aspx?code=CG Elliott wave analysts made 10 terrific crude oil calls in a row—simply by observing the market’s pattern—while their mainstream counterparts routinely fell on the wrong side of the trend. Why? It starts with an obvious data discrepancy they always seem to ignore. Learn How the Wave Principle Can Improve Your Trading Related Posts:UK house […]
Wave summary: Friday’s weird price-action pushed prices lower to 1.5283 before a recovery was seen. We are currently looking for a break above minor resistance at 1.5545 and more importantly for a break above resistance at 1.5642, confirming the next impulsive rally towards 1.6428 and possibly even higher to 1.7193. Short term, we expected minor […]
Wave summary: We waited a long time for the break above 114.03. On Friday our patience finally was rewarded with the expected break above this resistance, which calls for a continuation higher to 116.19 and 118.58 as the next upside targets. Longer term, we are looking for much higher levels as the long-term corrective decline […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/products/ffs/Financial-Forecast-Service.aspx?code=CG You can make high-confidence market forecasts based on the Wave Principle. Using the Wave Principle, our Short Term Update made a specific market call on Aug. 22, and the market fulfilled our expectation, serving our subscribers well as a result. High volatility may be ahead. The calm before the storm is the time to […]
Wave summary: We are looking for a break above minor resistance at 1.5545 to confirm the onset of the next impulsive rally higher to 1.5839 and above. Short term we do expected minor support at 1.5385 will be able to protect the downside for the expected break above 1.5545. Trading recommendation: We are long EUR […]
Wave summary: There really is not anything new to add here. We remain lock in a very narrow range between 112.28 and 114.03. We slightly favor a break towards the upside for a rally to 118.70 and 122.00 as the next upside targets. Only time will tell, what way we are going to break. Trading […]
Wave summary: We have seen the expected decline closer to 1.5366 (the low has been seen at 1.5328 as an expanded flat wave [ii] has unfolded. We are now looking for a break above minor resistance at 1.5545 to confirm that the correction in wave [ii] is complete and wave [iii] higher is developing. When […]
Wave summary: This cross remains lock inside a very narrow trading range. We try to stay patient and awaits it to break out from this range. We do slightly favor a break towards the upside above 114.03 for a continuation higher to 118.47 and 122.00. That said, as long as as the 112.28 – 114.03 […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/products/ffs/Financial-Forecast-Service.aspx?code=CG The next big monetary event is approaching fast. No, it’s not inflation. The evidence is mounting that deflation already has a foothold and is gaining ground. These two charts reveal a disturbing trend for anyone who’s unprepared. Learn How the Wave Principle Can Improve Your Trading
Wave summary: We remain slightly bullish for a break above minor resistance at 1.5649 soon, but short term, we must allow for a test of support at 1.5366 first, before the next hopefully strong rally will take us clearly above 1.5649 for a continuation towards 1.5839 and above to 1.6428 and 1.7195. Only a clear […]
Wave summary: As we have been trading within a 50 pip range over the last week, there is absolutely nothing new to add here. We remains slightly bullish for a break above 114.03, but until a break is confirmed, we must allow for more consolidation with the 112.28 – 114.03 range. A break above 114.03 […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www2.elliottwave.com/club/signuplt/newsletters.aspx Treasury Bonds are nobody’s idea of a great action movie, yet that’s sort of the point. But … the extremes we see in Treasuries today are as extreme as this market gets. Learn How the Wave Principle Can Improve Your Trading Related Posts:Elliott wave analysis of the 10-year US Treasury yield for… November 3, […]
Wave summary: It is disappointing that this cross has failed to rally impulsively after the break above the resistance line from 1.6904. That said, we do remain cautiously positive for more upside pressure towards 1.5837 and above here will confirm a return to 1.6904 and above. Short term, we need to accept the possibility of […]
Wave summary: We remain locked inside the 112.28 – 114.03 range. The pair is currently trading within an even more narrow range. We remain slightly bullish as long as support at 112.28 is able to protect the downside, for a break above 114.03 that will call for much more upside. That said, we do accept […]
Crude oil has been on a wild ride and has kept investors glued to their screens. Steve Craig, the editor of our Energy Pro Service, reveals why the volatility in crude oil and natural gas keeps him excited about the markets he covers. Get more financial insights like these — 100% FREE. Just follow this […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/products/ffs/Financial-Forecast-Service.aspx?code=CG Network television viewership is dropping, and so is interest in the Olympics. What does this have to do with bull and bear markets? Plenty. Learn How the Wave Principle Can Improve Your Trading
Our partners at Elliott Wave International have just released a new, free report, titled: “Brazil’s Olympic Games ‘Disastrous’ Preparedness: What if?” You’ve heard stories about poor athlete accommodations, unfinished competition facilities, polluted bay waters and green swimming pools and other “disasters.” This new report shows you that, while the Rio Games “disastrous” preparedness caught the […]
Wave summary: The expected new impulsive rally looks increasing likely as long as we stay above support at 1.5448. As long as this support is able to protect the downside, we will be looking for more upside pressure towards 1.5839 and above here will call for a rally towards 1.6931 and above. An unexpected break […]
Wave summary: Nothing new to add here. We remain cautiously bullish for a break above 114.03 confirming our bullish count, that a long term corrective bottom was found at 109.48 and a new impulsive rally is building for much more upside. That said, we do acknowledged the possibility of a deeper corrective move closer to […]
Crude oil has been on a wild ride and has kept investors glued to their screens. Steve Craig, the editor of our Energy Pro Service, explains how he uses the Wave Principle to keep his subscribers ahead of major moves in both crude oil and natural gas. Be sure to come back Monday, August 22, […]
