Toncoin $TON is the native cryptocurrency of The Open Network blockchain (previously Telegram Open Network). It is used for network operations, transactions, games or collectibles. In today’s article, we’ll dive into the daily Elliott Wave structure taking place and explore the potential path based on the Theory. $TON started a new bullish trend in June 2022. Since then, it rallied from $0.73 to a high of $7.6 ( +900% move ). The recent April peak is proposed to be a wave ((3)) within the current daily cycle and the coin already did a minimum of a 3 waves pullback to finish the wave ((4)). The downside correction unfolded within a Zigzag structure and it did reach the buying area around equal legs at $4.62 – $3. The blue box showing in our chart is a technical area where we expec
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IBM Elliott Wave Analysis-Unraveling the Recovery Ahead
IBM, founded in 1911, is a global technology leader known for pioneering innovations in computing. From tabulating machines to AI and quantum computing, IBM has consistently shaped the tech landscape, providing cutting-edge solutions for businesses worldwide. IBM stock is listed on the New York Stock Exchange NYSE. In this blog post, let’s do the IBM Elliott wave analysis. This can help us understand the long-term and near-term dynamics of this stock. The IBM stock fell together with the US stock markets and has thus shed over 16% between 03.12.24 and 05.03.24. However, there is barely a 2% net gain in 2024 as almost all of the profits are now gone. How soon can a real recovery begin or how deeper can the sell-off go? This blog post seeks to answer that from our Elliott wave perspective. L
IBM Elliott Wave Analysis-Unraveling the Recovery Ahead
Toncoin $TON Daily Cycle Favors More Upside Toward $10
Toncoin $TON Daily Cycle Favors More Upside Toward $10
Elliott Wave Analysis on Dow Futures (YM) Favors Upside
Short Term Elliott Wave View in Dow Futures (YM) suggests the Index ended wave (4) correction at 37473. The Index has now turned higher in wave (5). However, it still needs to break above the previous wave (3) peak on 4.1.2024 at 40358 to rule out a double correction. Up from wave (4), wave ((i)) ended at 38451 and pullback in wave ((ii)) ended at 382808. Wave ((iii)) ended at 38682, dips in wave ((iv)) ended at 38428, and final wave ((v)) higher ended at 38801. This completed wave 1 in higher degree. Pullback in wave 2 unfolded as a zigzag Elliott Wave structure. Down from wave 1, wave ((a)) ended at 37944 and wave ((b)) rally ended at 38592. Wave ((c)) lower ended at 37866 which completed wave 2 in higher degree. The Index has turned higher again in wave 3 of (5). Up from wave 2, wave (i
Elliott Wave Expects New All Time High in Nvidia (NVDA)
Short Term Elliott Wave View on Nvidia (NVDA) suggests the stock ended correction on 4.20.2024 at 756.06. From there, the stock starts a new impulsive rally. Up from 4.20.2024, wave 1 ended at 846.07 and pullback in wave 2 ended at 776.80. The stock extends higher in wave 3 towards 887 and dips in wave 4 ended at 852.66. FInal leg wave 5 ended at 888.19 which completed wave (1) in higher degree. The stock then pullback in wave (2) with internal subdivision as a zigzag Elliott Wave structure. The stock has resumed higher in wave (3). Up from wave (2), wave ((i)) ended at 860 and dips in wave ((ii)) ended at 823. The stock then nested higher with wave (i) ended at 856.6 and pullback in wave (ii) ended at 832. Wave i of (iii) ended at 866.84 and dips in wave ii of (iii) ended at 859.17.
Chevron (CVX) Ended Correction and Resumed Higher
Chevron Corporation (CVX) is a multinational energy corporation operating in all facets of the oil and gas industry. This includes exploration, production, refining, and marketing. Headquartered in San Ramon, California, Chevron has a global presence with operations spanning over 180 countries. This article looks at the long term Elliiot Wave outlook of the company. Chevron Monthly Elliott Wave Chart Monthly Elliott Wave Chart of Chevron (CVX) above shows rally to 135.1 ended wave ((I)). wave ((II)) pullback took the form of a zigzag Elliott Wave structure. Down from wave ((I)), wave (A) ended at 69.58. The stock then rallied in wave (B) towards 133.88. Wave (C) lower resumed lower towards 51.54 which completed wave ((II)) in higher degree. Wave ((III)) higher is currently in
Chevron (CVX) Ended Correction and Resumed Higher
COST Favors Rally To Continue In Bullish Sequence
Costco Wholesale Corporation., (COST) engages in the operation of membership warehouse in the United States, Puerto Rico, Canada, United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China & Taiwan 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. COST favors bullish weekly sequence & expect to remain supported in 3, 7 or 11 swings pullback to extend higher. Short term, it favors upside in ((3)) of III of (I). COST – Elliott Wave Latest Daily View: In Weekly sequence, it placed ((I)) at $
COST Favors Rally To Continue In Bullish Sequence
BTCUSD (Bitcoin) Makes New All Time High. What’s Next?
BTCUSD (Bitcoin) has been in a strong uptrend since November 2022. The previous all-time peak was seen on November 8, 2021 and was broken in March 2024 when Bitcoin made a new all-time high at 73794 on March 14, 2024. It has since seen a pull back which reached a low of 56500 on May 1, 2024 and is now turning higher again. Today, we will take a look at the bigger picture of Bitcoin, what are the upside targets and any possible detours which can take place. BTCUSD Weekly Elliott Wave Chart 7 May 2024 The Bitcoin chart below shows it completed an expanded FLAT correction in November 2022 and resumed the rally. Wave ((1)) ended at 31035, wave ((2)) completed at 24920 after which it resumed the rally in wave ((3)). Within wave ((3)), wave (1) competed at 49048, wave (2) completed at 38505, wav
EURGBP Perfectly Reacting Lower From Blue Box Area
In this technical blog, we are going to take a look at the past performance of EURGBP 4-Hour Elliott wave Charts that we presented to our members. In which, the decline to 2/14/2024 low took place as an impulsive structure and showed a lower sequence with a bearish right side tag calling for more downside to happen. Therefore, our members knew that selling the bounces in the direction of the right side tag remained the preferred path. We will explain the Elliott wave structure & selling opportunity our members took below: EURGBP 4-Hour Elliott Wave Chart From 4.20.2024 EURGBP Perfectly Reacting Lower From Blue Box Area EURGBP 4-Hour Elliott Wave Chart from 4/20/2024 Weekend update. In which the decline to 0.8497 low ended wave 1 as an impulse sequence. Up from there, the pair
EURGBP Perfectly Reacting Lower From Blue Box Area
Do Not Miss Buying Opportunities Palantir (PLTR) Should Resume Higher
Palantir Technologies (PLTR), Inc. is a holding company, which engages in the development of data integration and software solutions. It operates through the Commercial and Government segments. The firm offers automotive, financial compliance, legal intelligence, mergers and acquisitions solutions. PALANTIR (PLTR) Weekly Chart May 2024 PALANTIR (PLTR) Weekly Chart May 2024 Palantir ended a cycle at $45.00 in January 2021. Then it did a deep pullback as a zig zag correction ending wave (II) at 5.91 low. The market started an impulse structure as wave ((1)). The wave (1) finished at $10.31 high. The pullback as wave (2) ended at $7.17 and rallied in 5 swings completing an impulse and wave (3) at $17.17. Then, market made a little stop for a retracement and built a flat Elliott wave str
Do Not Miss Buying Opportunities Palantir (PLTR) Should Resume Higher
SPDR Energy Select Sector ( $XLE) Found Buyers at the Blue Box Area as Expected
Hello everyone. In today’s article, we will look at the past performance of the 4H Hour Elliott Wave chart of SPDR Energy Select Sector ($XLE). The rally from 1.18.2024 low at $78.98 unfolded as 5 waves impulse. We expected the pullback to unfold in 3 swings and find buyers again. We will explain the structure & forecast below: 5 Wave Impulse Structure + ABC correction $XLE $XLE 4H Elliott Wave Chart 5.02.2024: $XLE Here is the 4H Elliott Wave count from 5.02.2024. We expected the pullback to find buyers after a 3 swings Zig-Zag correction (ABC) at the blue box area at 91.40 – 87.99. $XLE 4H Elliott Wave Chart 5.06.2024: Here is the latest 4H update from 5.06.2024 showing the bounce taking place as expected. The ETF has reacted higher from the blue box area allowing longs to get risk f
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 zigzag Elliott Wave structure. 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) towards 166.31 and rally in wave (iv) ended at 168.55. Final leg wave (v) lower ended at 165.6 which completed wave ((a)) in higher degree. Pair then bounced in wave ((b)) with internal subdivision as a zigzag in lesser degree. Up from wave ((a)), wave (a) ended at
OIL (CL_F) Elliott Wave: Incomplete Sequences Forecasting The Path
Hello fellow traders. In this technical article we’re going to look at the Elliott Wave charts 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 analysis.OIL Elliott Wave 1 Hour Chart 03.09.2024Oil is showing incomplete sequences in the cycle from the April 12th peak. The price structure is calling for more downside as far as 86.3 pivot holds. Current view suggests we are about to complete
OIL (CL_F) Elliott Wave: Incomplete Sequences Forecasting The Path
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 double three Elliott Wave structure. Down from wave 3, wave (a) ended at 2323.86 and wave (b) ended at 2417.89. Wave (c) lower ended at 2291.26 which completed wave ((w)) in higher degree. The metal then bounced in wave ((x)) with internal subdivision as a zigzag. Up from wave ((w)), wave (a) ended at 2337.31 and wave (b) ended at 2304.90. Wave (c) higher ended at 2352.76 which completed wave ((x)) in higher degree. The metal has turned lower in wave ((y)) with internal subdivision as a zigzag. Down
Elliott Wave Expects IBEX to Pullback Lower
Elliott Wave Expects IBEX to Pullback Lower May 1, 2024 By EWFHendra 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 double three Elliott Wave structure. 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 degree. The Index has turned higher in wave (5). Up from wave (4), wave ((i)) ended at 10776.2 and pullback in wave ((ii)) ended at 10612.2. Index extended higher in wave ((iii)) towards 11110 and dips in wave ((iv)) ended at 10887.70. Final leg wave ((v)) ended a
Nikkei Blue Box Offered Another Buying Opportunity
Nikkei Blue Box Offered Another Buying Opportunity April 30, 2024 By Hassan Sheikh 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 elliottwave-forecast. 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: Nikkei 1-Hour Elliott Wave Chart From 4.19.2024 Nikkei Blue Box Offered Another Buying Opportunity Here’s the 1-hour Elliott wave chart from the 4/19/2024 Asia update. In w
Nikkei Blue Box Offered Another Buying Opportunity
Pan American Silver (PAAS) Rally in Impulsive Structure
Pan American Silver (PAAS) Rally in Impulsive Structure April 30, 2024 By EWFHendra Pan American Silver (PAAS) is a well-established Canadian silver mining company operating globally. It has assets primarily in the Americas, including Mexico, Peru, Bolivia, and Argentina. Known for its extensive experience and diversified portfolio, PAAS engages in exploration, development, and production of silver, gold, zinc, lead, and copper. Below we will look at the Elliott Wave outlook for the company. PAAS Monthly Elliott Wave Chart PAAS Monthly Elliott Wave Chart Monthly Elliott Wave chart of Pan American Silver (PAAS) above shows wave ((II)) pullback ended at 5.32 on January 2016 low. The stock then started to turn higher with Wave (I) ended at 40.11. Wave (II) pullback likely has ended at 12.16.
Pan American Silver (PAAS) Rally in Impulsive Structure
Elliott Wave Intraday Analysis on GDX: Further Rally Expected
April 30, 2024 By EWFHendra Short Term Elliott Wave View on GDX suggests that rally to 35.74 ended wave 3 on April 12, 2024. From there, the ETF pullback as a double three Elliott Wave structure. Down from wave 3, wave (a) ended at 33.44 and wave (b) ended at 34.35. Wave (c) lower ended at 32.43 which completed wave ((w)). The ETF then rallied in wave ((x)) as as a double three structure in lesser degree. Up from wave ((w)), wave (w) ended at 33.95 and wave (x) ended at 33.11. Wave (y) higher ended at 34.31 which completed wave ((x)). The ETF then extended lower in wave ((y)) as a zigzag Elliott Wave structure. Down from wave ((x)), wave (a) ended at 32.78 and wave (b) ended at 33.60. Wave (c) lower ended at 31.90 which completed wave ((y)) of 4. The ETF has turned higher in wave 5. Up fro
Injective Protocol Coin $INJ Aiming For Daily Target at $100
Injective Protocol Coin $INJ Aiming For Daily Target at $100 April 30, 2024 By EWFAyoub $INJ is the native token of Injective Protocol, a blockchain protocol optimized for trading assets across different blockchains and it offer auto-executing smart contracts which empower faster, more innovative and groundbreaking applications. In today’s article, we’ll explore the Elliott Wave path taking place within the daily cycle. Following the 4300% rally in the recent 2 years, $INJ ended the impulsive 5 waves advance in wave ((1)) at $53 and then it started a pullback in wave ((2)). The correction lower unfolded within a double three 7 swings structure. It traded into the equal legs area $22.6 – $10.9 marked by the blue box and consequently it found buyers for an initial reaction higher f
Injective Protocol Coin $INJ Aiming For Daily Target at $100
Mastercard (MA) Should Continue Rally In A Bullish Sequence
April 30, 2024 By EWFRaj Mastercard Incorporated (MA), provides transaction processing & other payment-related products & services in the United states & internationally. The company offers payment related products to integrated products & value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments & other organizations. It is headquartered in New York, comes under Financial Services sector & trades as “MA” ticker at NYSE. As expected from the previous article, MA broke to new high in weekly sequence as the part of (3) of ((3)) of I. It should remain supported in 3, 7 or 11 swings pullback to see further upside in I of (III). MA – Elliott Wave Latest Weekly View: MA – Elliott Wave Latest Weekly View: I
Mastercard (MA) Should Continue Rally In A Bullish Sequence
SPDR Industrial Select ETF ( $XLI) Found Buyers at the Blue Box Area as Expected.
April 29, 2024 By EWFTaha Hello everyone. In today’s article, we will look at the past performance of the 1H Hour Elliott Wave chart of SPDR Industrial Select ETF ($XLI). The rally from 1.17.2024 low at $109.95 unfolded as 5 waves impulse. So, we expected the pullback to unfold in 7 swings and find buyers again. We will explain the structure & forecast below: 7 Swings WXY correction $XLI $XLI 1H Elliott Wave Chart 4.22.2024: $XLI Here is the 1H Elliott Wave count from 4.22.2024. We expected the pullback to find buyers at the blue box area at 120.36 – 117.64 in 7 swings. $XLI 1H Elliott Wave Chart 4.24.2024: $XLI Here is the 1H update from 4.24.2024 showing the bounce taking place as expected. The ETF has reacted higher from the blue box area allowing longs to get risk free before the n
SPDR Industrial Select ETF ( $XLI) Found Buyers at the Blue Box Area as Expected.
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