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- Hendra Lau
Elliott Wave Analysis on EURJPY Expects Support Soon
Short Term Elliott Wave View on EURJPY suggests the rally from 12.7.2023 low is in progress as a 5 waves. Up from 12.7.2023 low, wave 1 ended at 163.71 and pullback in wave 2 ended at 160.21. Pair extended higher in wave 3 towards 171.58. The 60 minutes time frame below shows the rally which ended wave 3. Wave 4 pullback is currently in progress with internal subdivision as a . Down from wave 3, wave (i) ended at 170.41 and rally in wave (ii) rally ended at 171. Pair extended lower in wave (iii)...
- Hendra Lau
OIL (CL_F) Elliott Wave: Incomplete Sequences Forecasting The Path
Hello fellow traders. In this technical article we’re going to look at the of Oil published in members area of the website. The commodity shows bullish sequences in the cycle from the 67.75 low. Consequently we are favoring the long side and recommending members to keep buying the dips in 3,7,11 swings when get a chance. However, short term cycle from the April 12th peak shows incomplete sequences, suggesting more downside in near term. In further text we’re going to explain the Elliott Wave...
- Hendra Lau
Elliott Wave Analysis: 7 Swing Correction in Gold (XAUUSD)
Short Term Elliott Wave View on Gold (XAUUSD) suggests that rally from 11.13.2023 low is unfolding as a 5 waves impulse. Up from 11.13.2023 low, wave 1 ended at 2146.79 and dips in wave 2 ended at 1973.13. The metal extended higher in wave 3 towards 2431.78. Pullback in wave 4 is unfolding in a . Down from wave 3, wave (a) ended at 2323.86 and wave (b) ended at 2417.89.
- Hendra Lau
Elliott Wave Expects IBEX to Pullback Lower
Elliott Wave Expects IBEX to Pullback Lower May 1, 2024 By Short Term Elliott Wave View on IBEX suggests rally from 10.25.2023 low is in progress as a 5 waves impulse. Up from 10.25.2023 low, wave (1) ended at 10301.2 and pullback in wave (2) ended at 9798.80. The stock extended higher again in wave (3) towards 11139.9. Down from there, wave (4) unfolded as a . Wave W ended at 10855.4 and wave X ended at 10932.20. Final leg wave Y ended at 10504.09 and this completed wave (4) in higher ...
- Hendra Lau
Nikkei Blue Box Offered Another Buying Opportunity
In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of Nikkei. We presented to members at the . In which, the rally from the 08 March 2022 low unfolded as an impulse structure and showed a bullish sequence. Suggested that the index should see more upside extension to complete the impulse sequence. Therefore, we advised members not to sell the index & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below...
- Hendra Lau
Elliott Wave Analysis on EURJPY Expects Support Soon
Short Term Elliott Wave View on EURJPY suggests the rally from 12.7.2023 low is in progress as a 5 waves. Up from 12.7.2023 low, wave 1 ended at 163.71 and pullback in wave 2 ended at 160.21. Pair extended higher in wave 3 towards 171.58. The 60 minutes time frame below shows the rally which ended wave 3. Wave 4 pullback is currently in progress with internal subdivision as a . Down from wave 3, wave (i) ended at 170.41 and rally in wave (ii) rally ended at 171. Pair extended lower in wave (iii)...
- Hendra Lau
OIL (CL_F) Elliott Wave: Incomplete Sequences Forecasting The Path
Hello fellow traders. In this technical article we’re going to look at the of Oil published in members area of the website. The commodity shows bullish sequences in the cycle from the 67.75 low. Consequently we are favoring the long side and recommending members to keep buying the dips in 3,7,11 swings when get a chance. However, short term cycle from the April 12th peak shows incomplete sequences, suggesting more downside in near term. In further text we’re going to explain the Elliott Wave...
- Hendra Lau
Elliott Wave Analysis: 7 Swing Correction in Gold (XAUUSD)
Short Term Elliott Wave View on Gold (XAUUSD) suggests that rally from 11.13.2023 low is unfolding as a 5 waves impulse. Up from 11.13.2023 low, wave 1 ended at 2146.79 and dips in wave 2 ended at 1973.13. The metal extended higher in wave 3 towards 2431.78. Pullback in wave 4 is unfolding in a . Down from wave 3, wave (a) ended at 2323.86 and wave (b) ended at 2417.89.
- Hendra Lau
Elliott Wave Expects IBEX to Pullback Lower
Elliott Wave Expects IBEX to Pullback Lower May 1, 2024 By Short Term Elliott Wave View on IBEX suggests rally from 10.25.2023 low is in progress as a 5 waves impulse. Up from 10.25.2023 low, wave (1) ended at 10301.2 and pullback in wave (2) ended at 9798.80. The stock extended higher again in wave (3) towards 11139.9. Down from there, wave (4) unfolded as a . Wave W ended at 10855.4 and wave X ended at 10932.20. Final leg wave Y ended at 10504.09 and this completed wave (4) in higher ...
- Hendra Lau
Nikkei Blue Box Offered Another Buying Opportunity
In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of Nikkei. We presented to members at the . In which, the rally from the 08 March 2022 low unfolded as an impulse structure and showed a bullish sequence. Suggested that the index should see more upside extension to complete the impulse sequence. Therefore, we advised members not to sell the index & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below...
Fear of Hard Brexit and Poundsterling
​Fears of the consequences of the hard Brexit sent pound tumbling down to a new 31-year low against the dollar. The current rate around 1.27 is a level not seen since June 1985. Going forward, the uncertainty surrounding the negotiations can create volatility to the pound as the process of leaving the EU gets underway.
The Future of Energy Sector
​Scientists are looking to power the planet with renewable energy by the year 2030 , till that happens the main source for the world energy will remain OIL , GAS and Coal as we can see it clearly in the world energy demand figure which proves that Energy Sector is still among the strongest investment for the future even many are expecting it to reach the end of an era which could drive the public away from investing in its related stocks .To have a better understanding let’s check The Energy...
How far USD will rally - Gold may provide an answer
​Fed Chairwoman Janet Yellen and other Fed members gave hawkish comments at Jackson Hole meeting last week, boosting the U.S. dollar against several currencies. Janet Yellen suggested that in light of the solid performance in the labor market, the case for an increase in federal funds rate has strengthened in recent months. However, she did not specifically say the timing of the next rate hike and added that the decision to raise rate will depend on the incoming data. Vice-chairman Fisher and ...
Potential Impacts of Brexit
​Market, Political, and Economic Impact of Brexit and Technical Picks to play it.,Take our FREE 14 Day Trial to find levels to trade $GBPUSD, $EURGBP, and other forex, indices, and commodities using Elliottwave technique. You may also read other technical articles at our Technical Blogs and check Chart of The Day. We provide Elliott Wave chart in 4 different time frames, up to 4 times a day update in 1 hour chart, two live sessions by our expert analysts, 24 hour chat room moderated by our exp...
- Hendra Lau
Has the Next Bull Market for Gold Started?
Has the Next Bull Market for Gold Started? Gold has been used as the currency of choice throughout history, despite what the central banks of the world say. Ben Bernanke, then the Fed Chairman, famously said that Gold is not money in 2011 during congressional hearing with Senator Ron Paul. Since President Nixon removed Gold’s peg from the US Dollar in 1971, the world has officially came off the yellow metal’s standard. This new fiat system is backed only by faith in the government wh...
- Hendra Lau
Elliott Wave Analysis: Palladium’s Target Area Reaction
Elliott Wave Analysis: Palladium’s Target Area Reaction Welcome traders, today we will look at a couple of Palladium futures (PA #F) charts. The metal reached one of our blue target areas and react perfectly to our expectations. This will show you how profitable and efficient it can be to trade with our philosophy and basic Elliott Wave analysis. First of all, we start with Palladium futures’ 45 minute chart from December 23rd presented to our members. At the time, we maintained a bull...
- Hendra Lau
Corn Futures Forecasting The Decline After Elliott Wave Flat
Corn Futures Forecasting The Decline After Elliott Wave Flat Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of Corn Futures published in members area of the website. As our members know, the Commodity has corrected the cycle from the 412’7 peak. Proposed recovery has been unfolding as Expanded Elliott Wave Flat structure. In further text we’re going to explain the forecast and Elliott Wave Pattern. Before we take a look at the r...
- Daud Bhatti
Tesla (TSLA) Correction Remains in Progress
August 15, 2023 By Tesla (TSLA) cycle from July 19, 2023 high remains in progres. The cycle has a 100% – 161.8% Fibonacci extension area target of 198.9 – 227.6. Near term, cycle from July 31 high is in progress as an impulse Elliott Wave structure. Down from July 31 high, wave ((i)) ended at 250.49 and wave ((ii)) rally ended at 264.79 as the 30 minutes chart below shows. The stock then extended lower in wave ((iii)). Down from wave ((ii)), wave (i) ended at 253.1 and rally in wave ...
- Daud Bhatti
Eli Lilly & Company (LLY) Remains Supported In Bullish sequence
August 15, 2023 By Eli Lilly & Company (LLY) discovers, develops & markets human pharmaceuticals worldwide. It is based in Indianapolis, Indiana, US, comes under Healthcare sector & trades as “LLY” ticker at NYSE. As shown from , LLY favors higher in ((3)) of III as the part of sequence & expect to extend towards 584 or higher levels before it may correct lower in ((4)). LLY – Elliott Wave View From 7.09.2023: In Weekly sequence, it finished (I) at $92.85 high in September-2015 &...
- Daud Bhatti
NVIDIA Corp. ($NVDA) Found Buyers After a Corrective Pull Back.
August 14, 2023 By Hello everyone. In today’s article, we will look at the past performance of the 4 Hour Elliott Wave chart of NVIDIA Corp. ($NVDA) The rally from 10.13.2022 low unfolded as a 5 wave impulse breaking to new all time highs with an incomplete bullish sequence from 2.28.2023 low. So, we expected the pullback to unfold in 7 swings and find buyers. We will explain the structure & forecast below: $NVDA 4H Elliott Wave Chart 8.09.2023: Here is the 4H Elliott Wave count fro...
- Daud Bhatti
CHFJPY Made The Rally After 3 Waves Pull Back
August 13, 2023 By Hello fellow traders. In this technical article we’re going to take a look at the charts of CHFJPY forex pair published in members area of the website. As our members know CHFJPY is showing impulsive bullish sequences in the cycle from the January 2023 low. The pair has recently made pull back against the 158.8 pivot. The pair made clear 3 waves correction and gave us rally toward new highs as expected. In further text we’re going to explain the Elliott Wave pa...
- Daud Bhatti
American Express (AXP) Structure Shows Financial Crisis Are Coming
American Express Company (Amex), symbol AXP, is an American multinational financial services corporation that specializes in payment cards. Headquartered in New York City, it is one of the most valuable companies in the world and one of the 30 components of the Dow Jones Industrial Average. AXP Weekly Chart August 2023 We believe that the AXP ended a Great Super Cycle at the peak of 199.55 which we call wave ((I)). From there, started a bearish structure (a), (b), and (c). Wave (a) built a l...