reports
- Eric Morera
Elliott Wave View: Further Downside in AMD Expected
July 1, 2022 By Short term Elliott Wave view in AMD suggests the decline from 6/6/2022 high is unfolding as a 5 waves impulse Elliott Wave structure. Down from 6/6/2022 high, wave (1) ended at 79.43 and rally in wave (2) ended at 88.61. Internal subdivision of wave (2) unfolded as a . Wave A of this zigzag ended at 86.38 as the chart below shows. Pullback in wave B ended at 80.23, and final leg wave C ended at 88.62 which also completed wave (2). Wave (3) lower is in progress with su...
- Eric Morera
EURAUD Buying The Dips At The Blue Box Area
July 1, 2022 By Hello fellow traders. In this technical blog we’re going to take a quick look at the of EURAUD, published in members area of the website. As our members know, we’ve been favoring the long side in EURAUD due to incomplete bullish structure the pair is showing in the cycle from the April 5th low. Consequently, we recommended members to avoid selling the pair, while keep favoring the long side. Recently the pair made a short term pull back that has given us good tradi...
- Eric Morera
$MC : Luxury Producer LVMH Provides an Opportunity to Join the Rally
June 30, 2022 By Moët Hennessy Louis Vuitton, commonly known as LVMH, is a French multinational luxury goods company. Headquartered in Paris, LMVH was formed 1987 through a merger of the fashion house Louis Vuitton (founded in 1854) with Moët Hennessy (established in 1971). The company controls and manages 75 prestigious brands under the umbrellas of 6 branches: Perfumes and Cosmetics, Wine and Spirits, Watches and Jewelry, Fashion Group, Selective Distribution, and Other Activities. ...
- Eric Morera
USDCAD Is Showing Reaction From The Blue Box Area
June 30, 2022 By Hello fellow traders. USDCAD has given us another trading opportunity recently. As our members know, we’ve been favoring the long side in USDCAD and buying the dips in 3,7,11 swings. Reason for expecting further rally is incomplete bullish structure the pair is showing in the weekly cycle from the 05.30. low . In this technical blog we’re going to take a quick look at the of USDCAD, published in members area of the website. USDCAD Elliott Wave 1 Hour Chart 06.28...
- Eric Morera
XME Reacting Strongly From The Blue Box Area
June 29, 2022 By In this technical blog, we will look at the past performance of 1 hour Elliott Wave Charts of XME ETF. In which, the decline from 08 June 2022 high unfolded as an and showed a lower low sequence within the cycle from the April peak. Therefore, we knew that the structure in XME is incomplete to the downside & should see more weakness. So, we advised members to sell the bounces in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below:...
- Eric Morera
Elliott Wave View: Silver (XAGUSD) Has Resumed Lower
June 29, 2022 By Short term Elliott Wave view in Silver (XAGUSD) suggests the decline from 6/6/2022 high is in progress as a . Down from 6/6/2022 high, wave 1 ended at 20.87 and rally in wave 2 ended at 21.96. Wave 3 lower is now in progress and subdivides as another 5 waves impulse in lesser degree. Down from wave 2, wave (i) ended at 21.08 and rally in wave (ii) ended at 21.50. The metal then extends lower in wave (iii) towards 20.77, wave (iv) rally ended at 21.14, and final wave (...
- Eric Morera
Silver Miners (SIL) Pullback Nearing Support
June 28, 2022 By Since bottoming on March 2020 low, Silver Miners ETF (SIL) has continued to extend lower to correct the cycle from March 2020 low. The correction looks to be in the form of a double Below is what a double three structure looks like: A double three is a 3-3-3 structure, labelled as WXY. The first leg wave W and the third leg Y both subdivide into 3 corrective waves. The subdivision of each leg can be either zigzag, flat or another double three but in lesser degree....
- Eric Morera
Elliott Wave View: Nikkei Zigzag Rally Approaching Target
June 28, 2022 By Short term Elliott Wave view in Nikkei suggests the decline from 3/29/2022 peak is unfolding as a . A Zigzag is a corrective structure labelled as ABC with 5-3-5 subdivision. Down from 3/29/2022 peak, wave A ended at 25555 and rally in wave B ended at 28401. Wave C lower is in progress as a 5 waves impulse. Down from wave B, wave (i) ended at 26195 and rally in wave (ii) ended at 26960. Index then resumes lower in wave (iii) towards 25615, wave (iv) ended at 26235 and...
- Eric Morera
COF : Expect Short Term Weakness Before Resumes Upside
June 27, 2022 By Capital One Financial Corporation., (COF) operates as the financial services holding company for the Capital One Bank & National Association. Capital One & National Association provides various financial products & services in the US, Canada and UK. It operates through three segments, credit card, consumer banking & commercial banking. It comes under Financial services sector and trades as “COF” ticker at NYSE. COF made intermediate low of $38.00 on 3/18/2020 during ...
- Eric Morera
Bull Market Could Have Arrived to Swiss Index (SMI)
June 26, 2022 By The Swiss Market Index (SMI) is one of the other Capital Markets worldwide that was building a motive wave from the lows of March 2020. That impulse we called wave I and we believe correction as wave II could be done already after reach a blue box in Daily chart. SMI October 22nd Daily Chart In October last year, the SMI ended wave ((4)) at 11381.74 a little below from our buying area 11844 – 11395. Index bounced nicely and we expected to break wave ((3)) high to re...
- Eric Morera
CHFJPY – Taking Advantage of Weakening Yen
June 24, 2022 By We saw a surge in the market in CHFJPY last week. First time since 2007, SNB have increased their interest rate by 50 basis points. This occurred as soon as the FED raised their interest rates. Therefore, the next step was us to wait for a 3 or a 7 swing correction. A good way to take advantage of the weak yen. As you know we are not fundamental analysts but we are aware of the world’s macroeconomics. More often than not, macros are in line with our wave count. The ...
- Eric Morera
Elliott Wave View: GBPJPY Correction Can Extend
June 24, 2022 By Short term Elliott Wave in GBPJPY suggests cycle from 12/3/2021 low has ended as wave ((1)) with the rally to 168.7. Wave ((2)) pullback is currently in progress to correct cycle from December 2021 low. Internal subdivision of wave ((2)) is unfolding as a . Down from wave ((1)), wave A ended at 161.31 and rally in wave B ended at 163.8. Pair then extended lower in wave C towards 159.96 and this completed wave (W). Wave (X) rally ended at 167.856 with internal subdivi...
- Eric Morera
USDNOK – Dollar remains strong
June 23, 2022 By We have been pretty bullish on the Dollar throughout the year and I believe Dollar has more strength to come. Recently, we recently posted a trade idea on USDNOK as we saw the market was correcting in a 3 or 7 swing structure and we took advantage of this. Lets have a look at a before short 21st June 2022 – 1 Hour Timeframe We can see that wave 2 was correcting as a Zigzag and our entry is based on wave ((c)) = ((a)) from the extreme of wave ((b)). Therefore, ou...
- Eric Morera
Elliott Wave View: EURUSD 7 Swing Rally
June 23, 2022 By Short term Elliott Wave in EURUSD suggests rally to 1.078 ended wave ((4)). Wave ((5)) lower is currently in progress with subdivision as a 5 waves impulse Elliott Wave structure. Pair however still needs to break previous wave ((3)) low at 1.0348 on May 13, 2022 to rule out a double correction. Down from wave ((4)), wave 1 ended at 1.0625 and rally in wave 2 ended at 1.0774. Pair then resumes lower in wave 3 towards 1.0395, and rally in wave 4 ended at 1.0508. Final ...
- Eric Morera
Elliott Wave View: Further Downside in Nasdaq
June 22, 2022 By NASDAQ ($NQ) broke below previous low on 5/20/2022 at 11490.50 and opens up a bearish sequence favoring further downside. The entire decline from 11/22/2021 high is unfolding as a . A zig zag structure is a 3 swing corrective structure where A, B, and C subdivides into 5-3-5 waves. Down from 11/22/2021 high, wave ((A)) ended at 13024.50, and rally in wave ((B)) as expanded flat ended at 15275.75. Index then extended lower with subdivision as an impulse in wave ((C)). ...
- Eric Morera
Bitcoin ( BTCUSD ) Incomplete Bearish Sequences Calling The Decline
June 22, 2022 By Hello fellow traders. In this technical article we’re going to take a look at the charts of BTCUSD published in members area of the website. As our members know we have had a lot of buying setups in Bitcoin during the past 2 years. However at this moment buyers should be very careful as bitcoin shows incomplete bearish sequences from the All-time high. The price structure is showing lower low sequences, suggesting we can get more downside as far as 48279.5 pivot h...
- Eric Morera
XOM Elliott Wave View: Soon Longs Should Be Risk Free
June 21, 2022 By In this technical blog, we will look at the past performance of the 4hr Elliott Wave Charts of XOM. In which, the rally from the 23 March 2020 low is unfolding as an impulse and showed a higher high sequence. Therefore, we knew that the structure in XOM is incomplete to the upside for 1 more high & should see more upside. So, we advised members not to sell the stock & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast be...
- Eric Morera
Elliott Wave View: Ethereum Rally Likely Corrective
June 21, 2022 By Short term Elliott Wave view in Ethereum (ETHUSD) suggests that the decline from March 28, 2022 high is unfolding as a . Down from March 28, 2022 high, wave ((A)) ended at 1700 and wave ((B)) ended at 1918.17. Wave ((C)) lower is currently in progress as the chart below shows. Internal subdivision of wave ((C)) is unfolding as a 5 waves impulse structure. Down from wave ((B)), wave 1 ended at 1725.21 and rally in wave 2 ended at 1874.03. The crypto currency then exten...
- Eric Morera
$CT #F: How to Buy Pullback in Big Rally of Cotton Prices?
June 21, 2022 By Cotton is one of soft commodities, along with sugar, coffee, and . In early centuries, Alexander the Great has brought cotton from Pakistan to Europe. Much later and finally, it has obtained the dominance in textile manufacturing during the British industrial revolution in the 18th century. It was so critical that at times of Civil War in North America the Confederate bonds sold in Europe were backed by cotton. Today, the largest producers and, at the same time, the ...
- Eric Morera
Chewy.com ($CHWY) One More Low before bottom?
June 20, 2022 By Chewy.com is an e-commerce company that specializes in pet food. Along with many other stocks, prices started a new cycle higher in March 2020. Chewy is now correcting that cycle and currently going fairly deep, and threatening to make new all time lows. Lets take a look at the company profile and see what they do: “Chewy, Inc. is an American online retailer of pet food and other pet-related products based in Dania Beach, Florida. In 2017, Chewy was acquired by Pe...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.