Today’s Support and Resistance levels: R3: 134.22 R2: 134.05 R1: 133.83 Current Spot: 133.57 S1: 133.45 S2: 133.01 S3: 132.61 Technical summary: Our new preferred count has worked out perfectly and red wave c of b is developing now. With the decline below 133.60, red wave c could end any time now. However, we are […]
Today’s support and resistance levels: R3: 1.6727 R2: 1.6676 R1: 1.6644 Current Spot: 1.6612 S1: 1.6601 S2: 1.6559 S3: 1.6498 Technical summary: After a very complex b-wave to 1.6726, we have begun a impulsive decline in wave c. This c wave of wave ii should at least decline to 1.6469 and could make it […]
Today’s Support and Resistance levels: R3: 136.27 R2: 135.76 R1: 135.27 Current Spot: 134.89 S1: 134.76 S2: 134.26 S3: 133.88 Technical summary: Having reviewed the price action since the mid-June low at 124.96, we have decided to shift our preferred count to the above. Instead of triangle formation, we have seen a slow overlapping move […]
Today’s Support and Resistance levels: R3: 1.6800 R2: 1.6773 R1: 1.6723 Current Spot: 1.6646 S1: 1.6611 S2: 1.6572 S3: 1.6498 Technical summary: The rally from the 1.6057 low continues higher, and we have seen 1.6723 tested, however, we are clearly observing a loss of momentum, which does indicate that a top could be in place […]
Today’s Support and Resistance levels: R3: 135.76 R2: 135.32 R1: 135.01 Current Spot: 134.86 S1: 134.65 S2: 134.26 S3: 133.88 Technical summary: We continues to gain a little ground all the time, but not in a very convincing way. However, as we have done for the week, we will keep giving the upside the benefit […]
Today’s Support and Resistance levels: R3: 1.6800 R2: 1.6736 R1: 1.6684 Current Spot: 1.6662 S1: 1.6617 S2: 1.6559 S3: 1.6498 Technical summary: Important short-term support at 1.6559 held firmly yesterday and protected the downside for a new rally towards the top at 1.6684. We are still looking for a break below 1.6559 to confirm a […]
Today’s Support and Resistance levels: R3: 135.32 R2: 134.96 R1: 134.65 Current Spot: 134.40 S1: 134.29 S2: 133.88 S3: 133.60 Technical summary: We have not seen much action since yesterday and most of that action has been towards the downside. We have seen a break below minor support at 134.52 (the low of 134.29), but […]
Today’s Support and Resistance levels: R3: 1.6740 R2: 1.6684 R1: 1.6654 Current Spot: 1.6623 S1: 1.6559 S2: 1.6498 S3: 1.6444 Technical summary: There was no time for a correction Friday, as we continued directly higher to the next resistance at 1.6685 (we have seen 1.6684 as the high for now). However, we still think that […]
Today’s Support and Resistance levels: R3: 135.76 R2: 135.32 R1: 135.76 Current Spot: 134.72 S1: 134.52 S2: 133.88 S3: 133.60 Technical summary: We have seen a bottom at 133.88 (our target was at 133.89). The following rally is not yet the most convincing we have seen, but we will give it the benefit of our […]
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Today’s Support and Resistance levels: R3: 1.6740 R2: 1.6685 R1: 1.6618 Current Spot: 1.6591 S1: 1.6544 S2: 1.6498 S2: 1.6455 Technical summary: We have reached our target area between 1.6608 and 1.6618 (as the high we have seen at 1.6615). We are now looking for a break below 1.6544 to indicate that wave i […]
Today’s Support and Resistance levels: R3: 134.79 R2: 134.52 R1: 134.31 Current Spot: 134.16 S1: 133.89 S2: 133.60 – Important short term support. S3: 133.33 Technical summary: We continue to expect that the short-term minor support at 133.89 will protect the downside for a break above 134.31 and more importantly a break above 134.52, which […]
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Today’s Support and Resistance levels: R3: 1.6740 R2: 1.6685 R1: 1.6608 – Likely target for wave i of the new impulsive uptrend Current Spot: 1.6578 S1: 1.6518 S2: 1.6475 S3: 1.6397 Technical summary: With a clear break above 1.6518 all doubts about this rally have been removed. A new impulsive rally is clearly developing. […]
Today’s Support and Resistance levels: R3: 135.76 R2: 135.50 R1: 134.79 Current Spot: 134.26 S1: 133.89 S2: 133.60 S3: 133.33 Technical summary: After a scary deep correction to 133.60 (100% of green wave i) yesterday we are looking for a new impulsive rally to develop. In the short term we expect minor support at 133.89 […]
Today’s Support and Resistance levels: R3: 135.76 R2: 135.32 R1: 135.05 Current Spot: 134.78 S1: 134.55 S2: 134.31 S1: 134.10 Technical summary: We finally saw some acceleration higher as wave iii is getting under way. That said, we expect even more acceleration higher and once we clear 136.00, this wave iii should really take off. […]
Today’s Support and Resistance levels: R3: 1.6406 R2: 1.6356 R1: 1.6300 Current Spot: 1.6297 S1: 1.6265 S2: 1.6230 S3: 1.6196 Technical summary: We have seen an unexpected rally above important resistance at 1.6233, which tells us, that blue wave v became the fifth wave failure (no new low was seen), that also means that we […]
How to Find Trading Opportunities in ANY Market Learn ways to spot trading opportunities using wave analysis and other technical analysis methods By Elliott Wave International Senior Analyst Jeffrey Kennedy is the editor of our Elliott Wave Junctures and one of our most popular instructors. Jeffrey’s primary analytical method is the Elliott Wave Principle, but […]
Today’s Support and Resistance levels: R3: 135.76 R2: 134.95 R1: 134.50 Current Spot: 134.38 S1: 134.18 S2: 133.60 S3: 133.33 Technical summary: We keep gaining ground, but we still in lack of acceleration towards the upside, which we normally expect during wave iii, but then we are still only in the early stages of wave […]
Today’s Support and Resistance levels: R3: 1.6263 R2: 1.6233 R1: 1.6211 Current Spot: 1.6177 S1: 1.6120 S2: 1.6057 S3: 1.6017 Technical summary: With a break above the minor resistance at 1.6136, we knew that blue wave iv would extend higher towards 1.6183 and possibly even to 1.6211, before blue wave v would be ready to […]
Today’s Support and Resistance levels: R3: 1.6233 R2: 1.6173 R1: 1.6136 Current Spot: 1.6104 S1: 1.6081 S2: 1.6057 S3: 1.6017 Technical summary: Ideally, we will now see the minor resistance at 1.6136 protects the upside for a break below the minor support at 1.6081, and more importantly a break below 1.6057, which confirms a […]
Today’s Support and Resistance levels: R3: 135.05 R2: 134.55 R1: 134.18 Current Spot: 133.97 S1: 133.60 S2: 133.33 S3: 132.96 Technical summary: With a break below the short-term support at 133.84, we have seen a correction lower to 133.60, but we could still see a slightly deeper correction towards 133.57 and maybe even to 133.33, […]
Today’s Support and Resistance levels: R3: 1.6263 R2: 1.6233 R1: 1.6183 Current Spot: 1.6149 S1: 1.6115 S2: 1.6068 S3: 1.6017 Technical summary: The break above minor resistance has extended the consolidation from 1.6017 higher to 1.6173. As long as the minor support at 1.6131 and more important as support at 1.6115 holds firm, we could […]
Today’s Support and Resistance levels: R3: 135.05 R2: 134.55 R1: 134.10 Current Spot: 133.86 S1: 133.84 S2: 133.57 S1: 133.30 Technical summary: We have seen the expected move higher, but no acceleration, which does worry. However, as long as the minor support at 133.84 and more importantly as long as the support at 133.57 protects […]
Today’s Support and Resistance levels: R3: 1.6239 R2: 1.6183 R1: 1.6136 Current Spot: 1.6068 S1: 1.6017 S2: 1.5945 S3: 1.5872 Technical summary: We have seen the expected decline towards 1.6018 (the low has been at 1.6017). After a minor consolidation in the 1.6017 – 1.6136 area, we should see the next decline towards 1.5945 and […]
Today’s Support and Resistance levels: R3: 134.55 R2: 134.07 R1: 133.84 Current Spot:133.65 S1: 133.53 S2: 133.24 S3: 132.96 Technical summary: With the direct break above resistance at 133.63 we most likely had the confirmation we needed that red wave ii ended already with the test of 132.61 and red wave iii is unfolding. Short-term […]
Today’s Support and Resistance levels: R3: 1.6239 R2: 1.6193 R1: 1.6149 Current Spot: 1.6107 S1: 1.6068 S2: 1.6036 S3: 1.5996 Technical summary: With the break below the support at 1.6072 the last piece of doubt for the new more bearish count was eliminated. In the short term we are now looking for minor resistance at […]
Today’s Support and Resistance levels: R3: 133.83 R2: 133.63 R1: 133.33 Current Spot: 133.16 S1: 132.96 S2: 132.61 S1: 132.15 – 61.8% retracement of red wave i most likely target for red wave ii. Technical summary: With the early break below important support at 133.35, we knew that we had already ended red wave i […]
Today’s Support and Resistance levels: R3: 1.6274 R2: 1.6238 R1: 1.6198 Current Spot: 1.6161 S1: 1.6117 S2: 1.6071 S3: 1.6024 Technical summary: The sideways consolidation was finally resolved with a break below the support at 1.6219. The break below important support at 1.6219 has triggered a S/H/S formation calling for a continuation lower towards […]
Today’s Support and Resistance levels: R3: 134.59 R2: 134.30 R1: 134.00 – Ideal target for red wave v Current Spot: 133.59 S1: 133.35 – Important support. A break below here indicates that wave i of iii is done. S2: 133.03 S3: 132.79 Technical summary Red wave iv ended early and only corrected 23.6% of […]
