reports
- Eric Morera
Elliott Wave View: EURUSD Short Term Remains Bearish
Short Term Elliott Wave view in EURUSD suggests the decline from 9.25.2024 high is in progress as an impulse. Down from 9.25.2024 high, wave 1 ended at 1.076 and wave 2 rally ended at 1.0936. Pair then resumed lower in wave 3 towards 1.033. Corrective rally in wave ended at 1.063 as the 1 hour chart below shows. Pair still needs to break below 1.033 to rule out any double correction possibility. Wave 5 lower is currently in progress with internal subdivision as a 5 waves impulse. Down from wa...
- Eric Morera
SUI Expecting The Final Bullish Wave To Break Above $5
Since our previous Video blog about SUI, the coin rallied more than 900%. Therefore, we’ll be looking at the daily Elliott Wave Structure and explain the current structure within the cycle. The recent daily rally started in August 2024, SUI established an impulsive 5 waves structure to the upside within wave ((3)). In addition, it reached the 1.618 Fibonacci extension area around $4.7 before ending the cycle. The coin, is currently showing 3 swings from all time lows and consequently it’s exp...
- Eric Morera
Elliott Wave View Expects NZDUSD to Extend Lower
NZDUD decline from 10.1.2024 high is in progress as an impulse Elliott Wave structure. Down from 10.1.2024 high, wave 1 ended at 0.6049 and wave 2 rally ended at 0.6119. Pair then resumed lower in wave 3 towards 0.5813 and wave 4 ended at 0.5928. Currently wave 5 is in progress with internal subdivision as another impulse as the 1 hour chart below shows. Down from wave 4, wave ((i)) ended at 0.5801 and wave ((ii)) ended at 0.5888. Pair has resumed lower in wave ((iii)). Down from wave ((ii))...
- Eric Morera
Elliott Wave View: Bitcoin (BTCUSD) Has Reached Inflection Area
Short Term Elliott Wave View in Bitcoin (BTCUSD) suggests rally from 6 September 2024 low is in progress as a 5 waves impulse. Up from 6 September, wave 1 ended at 66508 and dips in wave 2 ended at 58867. The crypto-currency has extended higher in wave 3 towards 103647 as the 1 hour chart below. Pullback in wave 4 unfolded as a zigzag Elliott Wave structure. Down from wave 3, wave ((a)) ended at 97917 and wave ((b)) ended at 99577. Wave ((c)) lower ended at 92310 which completed wave 4 in higher...
- Eric Morera
Elliott Wave View: DAX Pullback Should Find Buyers
Short Term Elliott Wave View in DAX suggests cycle from 8.5.2024 low is in progress as a 5 waves impulse structure. Up from 8.5.2024 low, wave 1 ended at 19674.68 and pullback in wave 2 ended at 18812.53. Index has resumed higher in wave 3. Up from wave 2, wave ((i)) ended at 19198.74 and dips in wave ((ii)) ended at 18900.02. Index then resumes higher in wave ((iii)). Up from wave ((ii)), wave (i) ended at 19272.99 and pullback in wave (ii) ended at 19036.41. Wave (iii) higher ended at 20425.86...
- Eric Morera
Uranium Miners ETF (URA) Correction Should Find Support
The Global X Uranium ETF (URA) is an exchange-traded fund (ETF) that seeks to provide investment results that correspond generally to the price and yield performance of the Solactive Global Uranium & Nuclear Components Total Return Index. In this article, we will look at the long term technical outlook using Elliott Wave method. $URA Elliott Wave Chart Monthly Chart Uranium ETF (URA) Monthly Chart shows the EF has a bullish sequence after ending wave ((II)) at 7.01. Up from there, wave I...
- Eric Morera
IONQ Soon Should Be Entering Into Wave IV pullback
IONQ, Inc. develops and manufactures quantum computers. The firm specializes in quantum computing and quantum information processing. The company was founded by Christopher Monroe and Jung Sang Kim in 2015 and is headquartered in College Park, MD. In this blog we are going to take a look at the technical analysis for IONQ ticker symbol: $IONQ. In which, we will look at the weekly chart showing two channels to the upside from all time lows. Supporting a possible nest structure in the making favor...
- Eric Morera
EURGBP Elliott Wave Analysis: Decline Forecast from Equal Legs Area
Hello, fellow traders. In this technical article, we’ll take a quick look at the Elliott Wave charts for the EURGBP forex pair, published in the members’ area of the website. As our members know, EURGBP is showing incomplete bearish sequences, suggesting further decline. The pair recently gave us a bounce in a 3-wave pattern, with sellers appearing right at the equal legs zone. Let’s break down our Elliott Wave forecast further in this article. EURGBP H1 Asia Update 12.15.2024 The current v...
- Eric Morera
Alphabet Inc. $GOOGL Blue Box Area Offers A Buying Opportunity
Hello everyone! In today’s article, we’ll examine the recent performance of Alphabet Inc. ($GOOGL) through the lens of Elliott Wave Theory. We’ll review how the rally from the November 21, 2024, low unfolded as a 5-wave impulse and discuss our forecast for the next move. Let’s dive into the structure and expectations for this stock. 5 Wave Impulse Structure + ABC correction $TSLA $GOOGL 1H Elliott Wave Chart 12.13.2024: $GOOGL In the 1-hour Elliott Wave count from December 13, 2024, we...
- Eric Morera
lliott Wave View Looking for Zigzag Correction in GBPJPY
Short Term Elliott Wave view in GBPJPY shows decline from 10.30.2024 high ended at 188.14 as wave 1. The decline unfolded as a 5 waves diagonal Elliott Wave structure. Pair has turned higher in wave 2 to correct this 5 waves decline. The internal subdivision of wave 2 rally is unfolding as a zigzag Elliott Wave structure. Up from wave 1, wave i ended at 191.53 and wave ii ended at 190.3. Wave iii higher ended at 192.2, wave iv dips ended at 190.91, and final wave v higher ended at 192.37. This ...
- Eric Morera
Ethereum (ETHUSD) Forecast: Anticipating the Rally After a 3-Wave Pull...
Hello fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of Ethereum (ETHUSD) , published in members area of the website. As many of our members are aware, the crypto is showing impulsive bullish sequences in the cycle from the August 2024low , that are calling for a further strength. In the further text we are going to explain the Elliott Wave Analysis. ETHUSD Elliott Wave 1 Hour Chart 12.10.2024 ETHUSD completed wave 4 (blue) at the 3490...
- Eric Morera
Bitcoin BTCUSD Forecasting the Rally After 3 Waves Pull Back
Hello fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of Bitcoing BTCUSD , published in members area of the website. As many of our members are aware, the crypto has given us good buying opportunities recently. BTCUSD is showing impulsive bullish sequences in the cycle from the 52598 low , that are calling for a further strength. In the further text we are going to explain the Elliott Wave Forecast. BTCUSD Elliott Wave 1 Hour Chart 12....
- Eric Morera
Cardano (ADAUSD) journeys toward $2 from blue box
Hello traders. Welcome to a new blog post where we discuss trades that Elliottwave-Forecast members took from the blue box. In this post, we will discuss Cardano with symbol ADAUSD ($ADA.X). Cardano is a decentralized blockchain platform and cryptocurrency (ADA) designed to provide a more secure and scalable infrastructure for the development of decentralized applications (dApps) and smart contracts. Launched in 2017 by the Cardano Foundation and developed by IOHK (Input Output Hong Kong), C...
- Eric Morera
Bittensor TAO Bullish Path Leads To Break Above $1000
Bittensor TAO is a decentralized infrastructure for building and deploying machine learning models on the blockchain. It’s pioneering the decentralized production of artificial intelligence and its coin TAO has currently a $4.62 Billion Market capitalization. In this article, we’ll explain the bullish Elliott Wave structure within the daily cycle and provide a potential projection of the future price. Since August 2024, TAO started a new impulsive structure to the upside. Wave (1) ended at $6...
- Eric Morera
RGTI is Looking for Support in 5.89 – 7.07 Area (Updated)
RGTI has risen rapidly in value in recent days attracting the attention of investors. Here we have the 15-minute chart. Applying the Elliott Waves principle, the stock should find support in 5.89 – 7.07 area to complete a wave 4. This would generate a new rally on wave 5 that could reach around 8.94 – 10.25 or extend higher. RGTI 15 Min Chart 12.11.2024 RGTI 15 Min Chart 12.11.2024 In any case, as long as the market respects the 5.89 – 7.07 area, RGTI must continue with the upward movemen...
- Eric Morera
Natural Gas Bouncing From Elliott Wave Blue Box Area
In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of the Natural Gas futures ticker symbol: $NG_F. The rally from the 28 August 2024 low showed a higher high sequence & provided a short-term opportunity at the blue box area. In this case, the pullback managed to reach the Elliott wave blue box area & bounce higher. So, we advised members not to sell Natural Gas but to buy the blue box area for a minimum reaction higher to happen. We will explain the s...
- Eric Morera
Pan American Silver (PAAS) Impulsive Rally in Progress
Pan American Silver Corp. (PAAS) is a mining company headquartered in Vancouver, Canada. It specializes in the exploration, development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines. Established in 1979, the company operates mines across Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil.
- Eric Morera
- Eric Morera
Elliott Wave View: Dow Futures (YM) Looking for Further Upside
Short Term Elliott Wave in Dow Futures (YM) suggests rally from 11.5.2024 low is in progress as a 5 waves diagonal. Up from 11.5.2024 low, wave ((i)) ended at 44625. Pullback in wave ((ii)) ended at 42999. The Index has resumed the rally higher in wave ((iii)). Up from wave ((ii)), wave (i) ended at 43563 and wave (ii) pullback ended at 43181. The Index nested higher in wave (iii). Up from wave (ii), wave i ended at 43749 and wave ii ended at 43445. Wave iii higher ended at 45121 and wave iv pu...
- Eric Morera
Elliott Wave Suggests Alibaba Group $BABA Can Reach $130 in 2025
Hello everyone! In today’s article, we’ll examine the recent performance of Alibaba Group ($BABA) through the lens of Elliott Wave Theory. We’ll review how the rally from the November 22, 2024, low unfolded as a 5-wave impulse and discuss our forecast for the next move. Let’s dive into the structure and expectations for this stock.
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