Technical summary: The flat correction in wave 2 continues to unfold just as expected. We are currently looking for one final decline to just below 1.6325 to terminate wave 2 and set the stage for wave 3 higher. A break above minor resistance at 1.6602 will be the first indication that wave 2 is over […]
Technical summary We are still looking for a break above resistance at 137.80 that will confirm continuation higher to 141.06 and 144.03 as the next upside targets. There is still risk of a break below minor support at 135.49 and more importantly a break below the support-line at 134.83. That will question the bullish outlook, […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx When have we seen a similar optimism towards IPOs before? You may be surprised to find out. Learn How the Wave Principle Can Improve Your Trading Related Posts:Analysis of Gold for October 20, 2023 – Resistance on the… October 20, 2023 Technical analysis: Gold has been trading upside and I found…Trading Signals for GOLD […]
The stochastic oscillator is a technical tool that was popularized by George Lane. It is a momentum indicator based on the idea that in an uptrending market the close tends to be near the high of the price bar, and in a downtrending market the close tends to be near the low of the price […]
Technical summary: A flat correction is nicely unfolding. We saw the top of wave b at 1.6808. Now we are looking look for wave c moving lower to 1.6325 or just below to end wave 2 and set the stage for wave 3 higher. In the longer term, we continue to look for much higher […]
Technical summary: We have seen minor resistance at 136.44 broken and now we only need to break resistance at 137.80 too. It will confirm continuation higher to 141.06 and 144.03 as the next upside targets. Short-term support is found in the area of 135.93 – 136.12 now, which will ideally protect the downside for a […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx China’s main stock index just plunged nearly 8.5%. That would be like the Dow diving nearly 1480 in a single session. The Shanghai Composite’s violent downward move may be a part of a larger trend that you need to know about. Learn How the Wave Principle Can Improve Your Trading Related Posts:Video market update […]
Technical summary: A flat correction from 1.6812 is still unfolding. We will be looking for an opportunity of a new test at 1.6812 before renewed downside pressure in wave c, which is expected below 1.6325 to end wave 2 and set the stage for wave 3 much higher. The correction in wave 2 could turn […]
Technical summary: We continue to look higher for a break above minor resistance at 136.44 and more importantly a break above resistance at 137.80 as long as support at 134.83 protects the downside. That said, we are clearly aware of the risk of a break below minor support at 134.83 as long as minor resistance […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Many investors monitor the news for hints on how to position their portfolios. Learn why this is a BIG mistake. 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…Market Comment […]
When I was in college, I had this weekly ritual. I’d drive home to my parents’ house every Friday, run inside to say hello, grab some food, and leave several bags of dirty laundry to be picked up the next morning. One Friday during my sophomore year, though, the music stopped. I set out on […]
“In what traders called a ‘bear raid,’ sellers on Monday dumped an estimated 33 tonnes of gold in just two minutes on exchanges in Shanghai and New York, sending prices on a nearly $50 downward spiral from which they never fully recovered.” (Reuters, July 21) If you live in the U.S., maybe you’ve noticed lately […]
Technical summary: A break above 166.39 has changed a corrective pattern or maybe even complete sub-normal corrective zig-zag at 1.6325. We do prefer more corrective behavior, but is the correction in this cross can be very small. Now we are looking for an opportunity to test the top at 1.6812 in a flat, but it […]
Technical summary: We still need a clear breakout above resistance in the area of136.38 – 136.44 to confirm more upside pressure towards 141.06 and 144.03. As long as this resistance area is able to protect the upside, the risk of a break below minor support at 134.83 remains that will keep both bullish and bearish […]
Technical summary: As long as minor support at 134.83 protects the downside, we will stay cautiously bullish for a break above resistance at 136.38 and more important a break above resistance at 137.80 confirming a continuation higher to 141.06 and 144.03. To alter the bullish count a break below important support at 133.27 will be […]
Technical summary: A back-test of the broken support-line has been seen and we are looking for a decline to the bottom of wave (iv) at 1.6035, which also marks the 23.6% corrective target of a rally in wave 1. This correction is wave 2 could be deep, but we have seen the cross producing only […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx The share price of Apple, Inc. has risen more than 14,500% during the past 12 years. But this Wall Street favorite is now getting the cold shoulder. We’re following indicators which suggest greater volatility ahead. Learn How the Wave Principle Can Improve Your Trading Related Posts:EUR/USD: trading plan for the US session on April […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Many private companies want to go public during a bull market trend. Even companies that are losing money get listed on major stock exchanges when optimism reaches an extreme. See a chart that tells a story that investors need to know now. Learn How the Wave Principle Can Improve Your Trading Related Posts:Will Netflix […]
Technical summary: We continue looking for an opportunity to move more upside towards 1.6915 and even 1.7050 on the way higher to the ideal target for wave (v) at 1.7154. That said wave (v) has already formed a top at 1.6812 and a larger correction is about to unfold. To indicate that a top is […]
Technical summary: A decline from 137.80 became deeper than expected, but as long as important support at 133.27 protects the downside, we will stay cautiously bullish for a rally above minor resistance at 13527 and more importantly a break above 136.38 for a new rally to 141.06 and higer. However, a break below 133.27 will […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Much fanfare was made over Janet Yellen’s appointment as the first female chair of the Fed. But it appears the honeymoon is over. The central bank’s inflationary policies have been impotent. Learn why Yellen’s legacy may be greatly tarnished. Learn How the Wave Principle Can Improve Your Trading
Technical summary: We have seen a low of 165.84 (just below our support at 1.6590) and we think it’s just a matter of time before blue wave iii moves higher towards 1.6915 and 1.7050 on its way to 1.7245. In the short term, a breakout above minor resistance at 1.6714 will confirm that the correction […]
Technical summary: An expanded flat took longer time than we had expected. Now, we need a break above minor resistance at 135.55 to indicate that wave ii is over and wave iii is ready to take over. Until a break above 135.55 is seen, we must accept a possibility of a move closer to 134.45 […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx On the same day that China released three positive economic reports, the nation’s main index took another nosedive. Why? Learn the answer now. Learn How the Wave Principle Can Improve Your Trading Related Posts:Technical Analysis – Citigroup stock pulls back ahead of… April 10, 2024 Citigroup shares post 25-month high in 2024 But experience a setback…Banks Q1 […]
Technical summary: We have seen a nice rally to a new high, just as we expected. We continue to look for even more upside towards 1.6915 and even higher to 1.7050. That said we have to be aware that a five wave rally now can be counted from a low of 1.3880 . So, there […]
Technical summary: Minor resistance at 136.44 succeeded in protecting the upside for a new low in wave ii at 135.14. This could mean that wave ii will need more time to finish in an ending diagonal, but no matter what the downside potential should be very limited from here. We are currently aiming for a […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx What does the Iran deal mean for the price of crude oil? You might be surprised, but market fundamentals aren’t everything — here’s why. Learn How the Wave Principle Can Improve Your Trading Related Posts:Technical Analysis of Daily Price Movement of Crude Oil… November 8, 2023 On the daily chart of Crude Oil commodity […]
Technical summary: Once again our patience was tested as blue wave ii moved lower than expected, but important support at 1.6329 was never in any real danger of being broken. We will now look for a break above minor resistance at 1.6535 confirming that blue wave iii higher is developing for a rally towards at […]
Technical summary: An expanded flat correction has unfolded as expected. We are now looking for an upside acceleration through resistance at 138.14 confirming a continuation higher towards at least 141.52 and possibly even higher to 143.05, which also marks the inverse S/H/S bottom measured target. Only an unexpected break below support at 133.27 will invalidate […]
Get new Elliott wave forecasts for the euro and Japanese yen. Learn How the Wave Principle Can Improve Your Trading Related Posts:Analysis for EUR/USD on April 15th. Monday – a tough day for… April 15, 2024 The wave analysis of the 4-hour chart for the EUR/USD…EUR/USD: trading plan for the US session on April 15th… […]
