To The Moon

Short Term Elliott Wave in AMD suggests the rally from 5.01.2024 low is in progress as an impulse. Up from 5.01.2024 low, wave (1) ended at 174.56 as the 30 minutes chart below showing. Wave (2) pullback is currently in progress. The internal subdivision of wave (2) takes the form of a double three Elliott Wave structure. Down from wave (2), wave ((a)) ended at 168.75 low and wave ((b)) bounce ended at 171.51. The stock extended lower in wave ((c)) towards 162.91 which completed wave W. The market rallied starting wave X also taking the form of a double three Elliott Wave structure. Up from wave W, wave ((w)) ended at 168.75 and pullback in wave ((x)) ended at 164.00. Wave ((y)) higher is in progress. We are looking a bounce in 3 swings to 169.88 – 173.51 area to end wave ((y)) and also wa

Short Term Elliott Wave in EURUSD suggests rally from 4.16.2024 low unfolded as a 5 waves impulse Elliott Wave structure. Up from 4.16.2024 low, wave ((i)) ended at 1.0753 and pullback in wave ((ii)) ended at 1.0649. The pair extends higher again in wave ((iii)) ended at 1.0812 and correction in wave ((iv)) towards 1.0723 low. Then the pair extend higher in wave ((v)) with internal subdivision as an impulse in lesser degree. The 1 hour chart below shows the subdivision of wave ((v)). Up from wave ((iv)), wave (i) ended at 1.0790 and dips in wave (ii) ended at 1.0760. EURUSD then extended higher in wave (iii) towards 1.0870 and pullback in wave (iv) ended at 1.0831. Final leg wave (v) ended at 1.0895 which completed wave ((v)) and wave 1. The pair then started a correction in wave 2 an

Hello fellow traders. In this article we’re going to take a quick look at the Elliott Wave charts of IBEX published in members area of the website.  IBEX is showing impulsive bullish sequences in the cycle from the 10502.5 low. Recently we got a 3 waves pull back that has ended right at the Blue Box zone (buying area).  In the further text we are going to explain the Elliott Wave Forecast and trading setup. IBEX Elliott Wave 1 Hour  Chart 05.29.2024 IBEX  remains bullish against the 10820.15 pivot. The index is currently giving us a wave ((iv)) black pullback, appearing to unfold as a Double Three pattern. We can count 7 swings from the peak , reaching extreme area at 11134.8-10997.55  blue box ( buying zone). From that zone, IBEX should ideally make a rally toward

Short Term Elliott Wave in GBPUSD suggests rally from 4.22.2024 low unfolded as a 5 waves impulse Elliott Wave structure. Up from 4.22.2024 low, wave ((i)) ended at 1.2635 and pullback in wave ((ii)) ended at 1.2445. The pair extends higher again in wave ((iii)) with internal subdivision as an impulse in lesser degree. The 1 hour chart below shows the subdivision of wave ((iii)). Up from wave ((ii)), wave (i) ended at 1.2541 and dips in wave (ii) ended at 1.2502. GBPUSD then extended higher in wave (iii) towards 1.2726 and pullback in wave (iv) ended at 1.2685. Final leg wave (v) ended at 1.2761 which completed wave ((iii)). The pair then pullback in wave ((iv)) towards 1.2675 and extended higher in wave ((v)) to end at 1.2801 high completing wave 1 in higher degree. Near term, as far as p

Hello everyone! In today’s article, we will follow up on the past performance of the SPDR Utilities Select Sector ETF ($XLU) forecast. We will also review the latest weekly count. First, let’s take a look at how we analyzed it back in October 2023. $XLU Weekly Elliott Wave View – October 2023: $XLU In our last article, we explained that $XLU had reached the Blue Box area at $55.81 – $44.73. A bounce was anticipated at this level. This area was a critical support zone identified by our Elliott Wave analysis. $XLU Weekly Elliott Wave View – May 28, 2024: $XLU The latest weekly update confirms that $XLU has bounced as expected from the Blue Box area. As a result, the ETF has moved higher, allowing long positions to become risk-free. We expect $XLU to continue its rally towards the $

Hello traders. Let’s dive into the Wheat Elliott wave analysis, focusing on the bullish sequence that began in March 2024. We’ll revisit our traders’ last opportunity and explore the next one. Wheat (ZW_F) is one of the 78 instruments we analyze and share with members of www.elliottwave-forecast.com. This commodity belongs to group 2, alongside 25 others. Wheat (ZW_F) completed the wave (II) supercycle pullback in March 2024. Since then, buyers have taken over, riding wave (III), which has just begun. Currently, we are in wave (3) of ((1)) of I of (III). Clearly, wave (III) has just started, implying a potential long-term bullish cycle for many years. While maintaining the long-term bullish trend, we focus on the current trend’s degree – wave (3) of the intermediate degree. Wheat is now in

Short Term Elliott Wave in Nasdaq Futures (NQ) suggests the rally from 4.19.2024 low is in progress as an impulse. Up from 4.19.2024 low, wave ((i)) ended at 17949 and dips in wave ((ii)) ended at 17386. The NQ extended higher in wave ((iii)) with internal subdivision as another impulse in lesser degree. Up from wave ((ii)), wave (i) ended at 18348 and dips in wave (ii) ended at 18165. Wave (iii) ended at 18760, wave (iv) ended at 18545, and wave (v) ended at 19023 which completed wave ((iii)). Wave ((iv)) pullback did a zig zag Elliott Wave structure. Down from wave ((iii)), wave (a) ended at 18802 and pullback in wave (b) ended at 18933. Final leg wave (c) completed wave ((iv)) at 18621 low.  The future rallied again in wave ((v)) ending an impulse as wave (i) of ((v)

EUROSTOXX (SX5E) Forecasting the Rally After Elliott Wave Double Three May 28, 2024 By EWF Vlada Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of EUROSTOXX (SX5E) Index published in members area of the website.  Our members know EUROSTOXX recently made a clear three-wave correction against the 4888.28 low . The pull back completed right within the Equal Legs zone. In this discussion, we’ll break down the Elliott Wave pattern and forecast. Elliott Wave Double Three Pattern Double three is the common pattern in the market , also known as 7 swing structure. It’s a reliable pattern which is giving us good trading entries with clearly defined invalidation levels. The picture below presents what Elliott Wave Double Three pattern

Discover Financial Services (DFS) provides digital banking products & services, & payment services in United States. It operates through two segments – Digital banking & Payment services. It is based in Riverwoods, Illinois, comes under Financial services sector & trades as “DFS” ticker at NYSE. DFS favors upside in wave (III), while dips remain above $79.04 low & confirms when break above $135.69 high of (I). Short term, it favors upside in (5) to complete the impulse sequence to be ((1)) of I. DFS – Elliott Wave Latest Weekly View:  DFS – Elliott Wave Latest Weekly View:  It ended ((II)) at $23.25 low in March-2020 low in weekly sequence. Above there, it placed (I) at $135.69 high in August-2021 as the part of ((III)). Within (I), it placed I at $43.82 high,

Hello fellow traders. In this article we’re going to take a quick look at the Elliott Wave charts of DAX published in members area of the website.  DAX  is showing impulsive bullish sequences in the cycle from the October 2023 low. Recently we got a 3 waves pull back that has ended right at the Blue Box zone (buying area).  In the further text we are going to explain the Elliott Wave Forecast and trading setup. DAX Elliott Wave 1 Hour  Chart 05.23.2024 DAX remains bullish against the 17624.8 pivot. The Index is currently giving  us pull back in 3 waves , wave ((iv)) black.  The price made 5 waves from the peak, suggesting DAX ended only first leg (a) of ((iv)) that is unfolding as Elliott Wave Zig Zag pattern. We expect DAX to make another leg down toward extr