Short Term Elliott Wave View in GBPUSD suggests decline from 9.26.2024 high is in progress as a zigzag structure. Down from 9.26.2024 high, wave A ended at 1.284. Wave B bounce ended at 1.3047 as the 1 hour chart below shows. Wave C lower is now in progress with internal subdivision as a 5 waves impulse Elliott Wave structure.  Down from wave B, wave ((i)) ended at 1.283 and wave ((ii)) ended at 1.3. Pair then resumed lower in wave ((iii)). Down from wave ((ii)), wave (i) ended at 1.294 and rally in wave (ii) ended at 1.3. Pair resumed lower in wave (iii) towards 1.2627 and wave (iv) rally ended at 1.272. Wave (v) lower ended at 1.2594 which completed wave ((iii)) in higher degree. Rally in wave ((iv)) unfolded as a zigzag structure. Up from wave ((iii)), wave (a) ended at 1.2689 and

Short Term Elliott Wave View in Gold (XAUUSD) suggests that rally to 2790.07 ended wave ((3)). Pullback in wave ((4)) unfolded as a double three Elliott Wave structure. Down from wave ((3)), wave A ended at 2724.6 and rally in wave B ended at 2749.9. Wave C lower ended at 2643.1 which completed wave (W) in higher degree. Rally in wave (X) ended at 2710.61. The metal then turned lower in wave (Y) with subdivision as another zigzag. Down from wave (X), wave A ended at 2589.5 and wave B rally ended at 2618.8. Wave C lower ended at 2537.7 which completed wave (Y) of ((4)) in higher degree. The metal has turned higher in wave ((5)). Up from wave ((4)), wave ((i)) ended at 2577.47 and wave ((ii)) pullback ended at 2554.34. The metal extended higher in wave ((iii)) towards 2641.92 and pullback in

In our previous article, BlackRock (NYSE: BLK) was expected to continue the rally to the upside based on the bullish sequence created from 2022 low. In today’s video blog, we’ll go over the new development in the technical structure of the stock and we’ll explain the potential path based on the Elliott Wave Theory . BLK cycle from 2022 low remains in progress showing 5 swings to the upside with the 3rd one being the shortest. Therefore, we can expect the stock to remain supported to the upside within a 9 swings structure to establish the main 5 waves advance in wave I. The break above 2021 peak was a key moment for BLK weekly structure because it’s now showing an incomplete bullish sequence from all time lows. Consequently, investors are advised to keep buying the daily pull

Short Term Elliott Wave View in IBEX suggests rally to 12040.79 ended wave ((3)). Wave ((4)) pullback is currently in progress to correct larger degree cycle from 3.20.2023 low. Internal subdivision of wave ((4)) is unfolding as double three (W)-(X)-(Y) where wave (W) is now unfolding as a zigzag. Down from wave ((3)), wave (i) ended at 11682.7 and rally in wave (ii) ended at 11959. Index extended lower in wave (iii) towards 11621.7 and rally in wave (iv) ended at 11716.9. Final leg wave (v) ended at 11616.6 which completed wave ((i)). Rally in wave ((ii)) ended at 11891.80. The Index then extended lower in wave ((iii)) towards 11462.2 and wave ((iv)) bounce ended at 11667. Final leg wave ((v)) ended at 11295.2 which completed wave A. Wave B rally is now in progress to correct cycle from 1

Short Term Elliott Wave View in EURUSD suggests cycle from 9.25.2024 high is in progress as a zigzag. Down from 9.25.2024 high, wave A ended at 1.076 and wave B rally ended at 1.09369. Wave C lower is in progress as a 5 waves impulse Elliott Wave structure. Down from 11.6.2024 high, wave (i) ended at 1.082 and wave (ii) rally ended at 1.0857. Wave (iii) lower ended at 1.0718 and wave (iv) ended at 1.078. Wave (v) lower ended at 1.0682 which completed wave ((i)) in higher degree. Rally in wave ((ii)) ended at 1.0825 with internal subdivision as a zigzag. Pair then turned lower in wave ((iii)). Down from wave ((ii)), wave (i) ended at 1.076 and rally in wave (ii) ended at 1.0809. Pair resumed lower in wave (iii) towards 1.059 and rally in wave (iv) ended at 1.0654. Pair extended lower 1 more

Hello everyone! In today’s article, we’ll examine the recent performance of Tesla Inc. ($TSLA) through the lens of Elliott Wave Theory. We’ll review how the rally from the November 4, 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 1H Elliott Wave Chart 11.15.2024: In the 1-hour Elliott Wave count from November 15, 2024, we see that $TSLA completed a 5-wave impulsive cycle beginning on November 4, 2024, and ending on November 12, 2024, at the blue (iii). As expected, this initial wave prompted a pullback. We anticipated this pullback to unfold in 3 swings, likely finding buyers in the equal legs area between $304.08 and

Short Term Elliott Wave view on Dogecoin (DOGEUSD) suggests rally from 6 September 2024 low is unfolding as a 5 waves impulse. Up from 6 September, wave ((i)) ended at 0.1798 and pullback in wave ((ii)) ended at 0.1419. The crypto extended higher again in wave ((iii)). Up from wave ((ii)), wave (i) ended at 0.2178 and pullback in wave (ii) ended at 0.185. Wave (iii) higher ended at 0.304 and pullback in wave (iv) ended at 0.273. Final leg wave (v) higher ended at 0.4397 which completed wave ((iii)) in higher degree. Wave ((iv)) pullback is in progress with internal subdivision as a double three Elliott Wave structure. Down from wave ((iii)), wave (w) ended at 0.3406 and wave (x) rally ended at 0.434. Wave (y) lower is now in progress and expected to reach the blue box area of 0.274 – 0.335

Short Term Elliott Wave view on Russell 2000 (RTY) suggests rally from 8.5.2024 low is in progress as a 5 waves impulse. Up from 8.5.2024 low, wave 1 ended at 2311.4 and pullback in wave 2 ended at 2198.51 like the 1 hour chart below shows. The Index then extends higher in wave 3 with internal subdivision as an impulse. Up from wave 2, wave ((i)) ended at 2240 and dips in wave ((ii)) ended at 2203.3. Rally in wave ((iii)) higher ended at 2424.5 and pullback in wave ((iv)) ended at 2386.5. Final leg wave ((v)) ended at 2455.6 which completed wave 3 in higher degree. Wave 4 pullback is in progress with internal subdivision as a zigzag Elliott Wave structure. Down from wave 3, wave (i) ended at 2425.9 and wave (ii) rally ended at 2449.7. Wave (iii) lower ended at 2396.3 and wave (iv) ral

Short Term Elliott Wave View in DAX suggests rally to 19670 ended wave ((3)). Wave ((4)) pullback is currently in progress as a double three Elliott Wave structure.  Down from wave ((3)), wave (i) ended at 19451.7 and rally in wave (ii) ended at 19591.5. Wave (iii) lower ended at 19368.69 and wave (iv) rally ended at 19468.6. Final wave (v) lower ended at 19330.1 which completed wave ((a)). Rally in wave ((b)) ended at 19643.12 with internal subdivision as a zigzag. Up from wave ((a)), wave (a) ended at 19555.45 and wave (b) ended at 19399.16. Wave (c) higher ended at 19643.12 which completed wave ((b)) in higher degree. Wave ((c)) lower ended at 19004.97 which completed wave W in higher degree. Up from wave W, wave ((a)) rally ended at 19297.6 and wave ((b)) ended at 19104.59. Wave (

In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of XLF. In which, the rally from the 05 August 2024 low unfolded as an impulse structure and showed a higher high sequence. Suggested that ETF should see more upside extension to complete the impulse sequence. Therefore, we advised members not to sell the ETF & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below: XLF 1-Hour Elliott Wave Chart From 10.31.2024 Here’s the 1-hour Elliott wave chart of XLF from the 10.31.2024 Midday update. In which, the short-term cycle from the 9.25.2024 low ended in wave ((iii)) as impulse at $47.81 high. Down from there, the ETF made a pullback in wave ((iv)) to correct that cycle. The int

Hello fellow traders.  In this technical blog we’re going to take a quick look at the Elliott Wave charts of AMD stock  published in members area of the website.  As our members know, AMD recently gave us a correction from the 241.58 peak, after which we called the drop in the stock. Recovery formed Elliott Wave Wave Zig Zag Pattern. In the further text we are going to explain the Elliott Wave Pattern and the Forecast. Before we take a look at the real market example, let’s explain Elliott Wave Zigzag pattern. Elliott Wave Zigzag is the most popular corrective pattern in Elliott Wave theory . It’s made of 3 swings which have 5-3-5 inner structure. Inner swings are labeled as A,B,C where A =5 waves, B=3 waves and C=5 waves. That means A and C can be either impulsive

Bellscoin BELLS was created by BillyM2k, the creator of Doge Coin and the idea was motivated by animal crossing, the most popular Nintendo game. Bellscoin is the original meme coin born in 2013 before Doge emerged, but it was revived after 20 years in 2023. In today’s blog, we’ll dive into the daily Elliott Wave structure taking place and show the potential outcome for the coin. Since February 2023, BELLS established a 5 swings move to the upside within an impulsive overlapping structure. The advance is considered as a bullish event within Elliott Wave Theory. The more aggressive approach suggest that Bells was building a nest structure and it’s now looking for breakout to accrue within the strongest segment of the cycle in wave 3. Consequently, the coin is expected to stays above 11/

Costco Wholesale Corporation., (COST) engages in the operation of membership warehouse in the United States & globally together with its subsidiaries. It offers branded & private-label products in the range of merchandise categories. It also operates e-commerce websites in the US, Canada, UK & many other countries. It is based in Issaquah, Washington, comes under Consumer Defensive sector & trades as “COST” ticker at Nasdaq. As shown in the previous article dated 9.09.2024, COST favors upside in ((5)) of III from August-2024 low. It already broke above ((3)) high & expected few more highs to finish the III as long as remain above daily price trendline. COST – Elliott Wave View From 9.09.2024:  COST – Elliott Wave View From 9.09.2024:  In Weekly sequence, it pl