Technical summary: EUR/JPY is currently in a red wave iv correction towards the corrective target at 133.43, which will be the first estimated support. It will take a break above minor resistance at 134.21 and more importantly a break above resistance at 134.73 to confirm that red wave iv is over and red wave v […]
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Technical summary: The extended rally in red wave iii seems to have peaked between the 261.8% and the 300% extension target of red wave i. We should now be looking for red wave iv. As red wave ii was a simple zig-zag correction, we should expect a shallow but complex correction in red wave iv. […]
Technical summary: The strong rally in wave iii higher towards at least 1.4983 and maybe even 1.5180 has developed nicely. In the short term, we are looking for a minor correction towards 1.4758 before the next rally higher to 1.4983 in wave iii. Even if the correction from 1.4895 proves larger than expected, it should […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx Economic weakness plauges some of the world’s largest economies. At the same time, debt levels have soared. This is a recipe for a historic implosion. Learn How the Wave Principle Can Improve Your Trading
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx The price of gold just saw its biggest surge since January. Yet most precious metals traders have been bearish on gold. See a chart that shows how we’ve kept subscribers ahead of gold’s trend. Learn How the Wave Principle Can Improve Your Trading Related Posts:Weekly forecast based on simplified wave analysis of… April 15, […]
Technical summary: The correction in red wave iv moved slightly below the ideal corrective target at 1.4208. Otherwise, the rally of a low of 1.3880 continues to mirror a textbook rally. In the short term, we expect support at 1.4179 to protect the downside for a break above minor resistance at 1.4273 confirming that red […]
Technical summary: Now, we see the expected break above 130.20. But a break above the base channel resistance-line near 131.00 is still needed to add acceleration higher to the extension target at 131.90. In the short term, we are ideally going to see support at 129.77 protecting the downside for the test. It is likely […]
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Technical summary: The rally from a low of 1.3880 continued to unfold as a textbook impulsive rally. We have seen the expected correction lower towards 1.4208, which is expected to protect the downside for the next impulsive rally higher to just above 1.4547 in red wave v, this should terminate the first larger impulsive wave […]
Technical summary: We keep looking for support near 128.75 to protect the downside for a break above the minor top at 130.20 and more importantly the base channel resistance-line, which should add acceleration to red wave iii for a rally towards 131.90. A break below 128.75 will be of concern, but only a break below […]
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Technical summary: The rally from a low of 1.3880 keeps unfolding as a textbook rally. Red wave iii has become 361.8% the distance traveled in red wave i and after a small correction in red wave iv to 1.4208 the next impulsive rally above 1.4569 should be seen. The rally towards 1.4569 is likely to […]
Technical summary: The base channel resistance-line at 130.21 has protected the upside but we think it is only a matter of time before this resistance line gets broken in favor of acceleration higher towards 131.90. In the short term, we expect support at 128.76 to protect the downside for a break above 129.73 and more […]
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Technical summary: We have seen a very strong rally from 1.3880, which indicates that the firm low for wave B is in place. We also have taken out resistance at 1.4237 adding confidence to call for a low being in place. In the short term, we are looking for the break resistance-line to act as […]
Technical summary: A rally from a low of 126.02 continues to unfold as expected. We are looking for a break above the base channel resistance-line near 130.00 to add acceleration towards a target at 131.90, where red wave iii will be 161.8% longer than red wave i. In the short term, we expect minor support […]
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Technical summary: With a break above 128.80, the odds favor that red wave ii did end at the 50% corrective target at 127.42 and that new impulsive rally in red wave iii is developing higher towards 131.90. If we look at the long-term picture, the very complex correction that has been developing from a high […]
Technical summary: The very complex wave B of the expanded flat correction, which has been unfolding from a high of 1.7274, finally seems to come to the end. A break above 1.4237 is needed to confirm that the bottom is in place. If we zoom in on the shorter time frame, we can see the […]
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Technical summary: We have seen a nice decline to our first downside target at 1.3867. However, as long as resistance at 1.4051 is able to protect the upside, we will be looking for a move closer to our second downside target at 1.3687 before a firm bottom is expected to be in place. A direct […]
Technical summary: The correction from 128.80 has corrected 50% of red wave i. From a pure mathematical point of view, this is enough correction for red wave ii to set the stage for red wave iii moving higher towards 131.30. That said the decline to 127.42 could be just wave a of a flat correction. […]
http://www.elliottwave.com/r.asp?rcn=ytvideos1403&url=http://www.elliottwave.com/free_newsletters/free_newsletters-ind.aspx The most useful financial forecasts anticipate trend changes. Alas, most Wall Street pundits simply project the current trend into the future. See how our method helped us to anticipate two trend turns in the price of oil. Learn How the Wave Principle Can Improve Your Trading Related Posts:Will Netflix earnings take the share price […]
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Technical Summary: We have seen a new low at 1.3979 and wave five decline can be counted from 1.4547. So, we are getting closer to the bottom. However, as long as minor resistance at 1.4105 is protecting the upside, we will be looking for a move lower towards 1.3867 and maybe even lower to 1.3687 […]
Technical summary: We are still certain that a firm bottom has been found at 126.02. The big question right now is which path the first minor wave has taken. Have we seen a series of waves one and two or has a leading diagonal developed? If prices are accelerating higher from here, a series of […]
In March, we covered the return to a popular fascination with technology. The striking resemblance to 2000’s technology mania is not going unnoticed. How can it? With the NASDAQ’s much heralded return to 5000 and magazine covers proclaiming “Google Wants You To Live Forever,” concern about an “asset bubble” is being raised. But this is […]
Technical summary: We are very close to make new lows for the year. A decline from 1.4206 is not very pretty and can be described as a series of waves one and two. In this case, we should expect a powerful decline soon, as a series of wave three needs to unfold. Only a break […]
