SPY Likely to Extend Correction in Double Three Structure August 22, 2023 By EWFHendra Short Term Elliott Wave view in S&P 500 ETF (SPY) suggests the decline from 7.27.2023 high is in progress as a double three Elliott Wave structure. Down from 7.27.2023 high, wave ((a)) ended at 444.96 and rally in wave ((b)) ended at 451.7. The ETF then extended lower in wave ((c)). Down from wave ((b)), wave (i) ended at 443.35 and rally in wave (ii) ended at 448.92. The ETF extended lower again in wave (iii) towards 433.93 and wave (iv) rally ended at 436.77. Final leg wave (v) lower ended at 433.05 which completed wave ((c)) of W. Wave X rally is now in progress to correct cycle from 7.27.2023 high before the next leg lower. Up from wave W, wave i ended at 436.55 and wave ii ended at 434.38. Wave

Meta Stock : Another Buying Opportunity After 3 Waves Pull Back January 29, 2024 By EWF Vlada Hello fellow traders. As our members know Meta Stock has been giving us good trading opportunities recently. In this technical article we’re going to take a quick look at another Elliott Wave  trading setup of META published in members area of the website.  As our members know, META is showing bullish impulsive sequences in the cycle from the 313.66 low.  Our team recommended members to avoid selling , while keep favoring the long side.  Recently we got a pull back that reached our buying zone. The stock found buyers and made reaction from the blue box as expected. In the further text we are going to explain the Elliott Wave Forecast and trading strategy. META Stock Elliott Wav

Ethereum (ETHUSD) Should Find Buyers in 3, 7, or 11 Swing December 19, 2023 By EWFHendra Short Term Elliott Wave View in Ethereum (ETHUSD) shows that it has ended wave (3) at 2401.18. Pullback in wave (4) is currently in progress as a double three Elliott Wave structure. Down from wave 93), wave (a) ended at 2324.3 and wave (b) ended at 2374.78. Wave (c) lower ended at 2142.28 which completed wave ((w)). The crypto currency then corrected in wave ((x)) as a zigzag structure. Up from wave ((w)), wave (a) ended at 2257.38 and wave (b) ended at 2146.35. Wave (c) higher ended at 2331.34 which completed wave ((x)). The crypto-currency then turned lower in wave ((y)). Down from wave ((x)), wave (a) ended at 2204.42 and wave (b) ended at 2255.08. Wave (c) lower ended at 2114.22 which completed wa

Exxon Mobil (XOM) Looking to End 5 Waves Elliott Wave Impulse April 20, 2023 By EWFHendra Exxon Mobil (XOM) cycle from 3.20.2023 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 3.20.2023 low, wave (1) ended at 107.35 and pullback in wave 2 ended at 100.68 as the 1 hour chart below shows. Up from there, wave 1 ended at 110.17 and wave 2 ended at 109.05. Wave 3 ended at 114.64, wave 4 ended at 112.20. Final wave 5 ended at 116.85 which completed wave (3) in higher degree. Wave (4) pullback took the form of a zigzag Elliott Wave structure. Down from wave (3), wave A ended at 114.17, and wave B ended at 117.18. Wave C lower ended at 113.6 which completed wave (4). Wave (5) is in progress as a 5 waves diagonal structure. Up from wave (4), wave 1 ended at 116.59 and pullb

Elliott Wave View: NVDA Bullish Momentum Looking for More Upside May 23, 2023 By EWFHendra Short term Elliott Wave View in Nvidia Corporation (ticker: NVDA) suggests that rally from 4.26.2023 low is unfolding as a 5 waves impulse Elliott Wave structure with extension. Up from 4.26.2023 low, wave ((i)) ended at 290.58 and dips in wave ((ii)) ended at 272.40. Stock has resumed higher in wave ((iii)) which subdivides into another 5 waves in lesser degree. Up from wave ((ii)), wave i ended at 276.6 and wave ii ended at 273.80. Wave iii ended at 287.55, pullback in wave iv ended at 283.50, and final leg wave v ended at 292.20 which completed wave (i). Pullback in wave (ii) ended at 280.42 with internal subdivision as a zigzag structure. Down from wave (i), wave a ended at 284.5, wave b ended at

By EWFLuisThe Santa rally is a capital market phenomenon named in 1972 by Yale Hirsc. He noticed an unusual upward movement in the markets from December 28 to January 2 of the following year. This event has been recurrent for years that it has earned its own name “The Santa Rally”. According to the Stock Trader Almanac, since 1896 the Dow Jones gained an average of 1.7% during this period obtaining a positive return 77% of the time.The Santa rally is not a guaranteed occurrence and it doesn’t happen every year. It is more of a historical pattern or trend that traders and investors have noticed over time. The reasons behind the Santa Rally are not entirely clear, and various factors may contribute to it. Some theories suggest that the holiday season tends to bring about positive sentiment a

Boeing (BA) Pullback Structure Looks Corrective December 29, 2023 By EWFHendra Short Term Elliott Wave View in Boeing (BA) suggests rally from 10.27.2023 low is in progress as a 5 waves impulse. Up from 10.27.2023 low, wave 1 ended at 197.14 and pullback in wave 2 ended at 189.57. The stock then resumed higher in wave 3. Up from wave 2, wave ((i)) ended at 211.09 and pullback in wave ((ii)) ended at 204.81. Boeing then extended higher in wave ((iii)) towards 239.23 and dips in wave ((iv)) ended at 230. Final leg wave ((v)) higher ended at 267.54 which completed wave 3. The 30 minutes chart below shows the rally from wave ((iv)). Wave 4 pullback is proposed complete at 257.68. Internal subdivision of wave 4 unfolded as a double three Elliott Wave structure. Down from wave 3, wave (a) ended

AUDJPY Resumes Lower in 7th Swing of Elliott Wave Double Three April 27, 2023 By EWFHendra The decline from 9.13.2022 high in $AUDJPY shows a 5 swing Elliott wave sequence suggesting further downside is likely. Near term, rally from 3.24.2023 low ended in 3 swing at 90.77. We labelled the rally as wave (B) as 1 hour chart below shows. Internal subdivision of the rally from 3.24.2023 low unfolded as a zigzag. Up from there, wave A ended at 90.168 and pullback in wave B ended at 87.59. Wave C higher ended at 90.77 which completed wave (B). Wave (C) lower is now in progress with internal subdivision as a 5 waves. Down from wave (B), wave ((i)) ended at 89.38 and rally in wave ((ii)) ended at 90.05. Down from there, wave (i) ended at 89.7 and rally in wave (ii) ended at 90.02. Pair resumes low

Microsoft (MSFT) Should Remain Supported January 19, 2024 By EWFHendra Short term Elliott Wave View in Microsoft (MSFT) suggests rally from 12.15.2023 low is unfolding as a 5 waves impulse. Up from 12.15.2023 low, wave ((i)) ended at 376.94 and dips in wave ((ii)) ended at 366.50 as the 1 hour chart below shows. Internal subdivision of wave ((ii)) unfolded as a zigzag structure. Down from wave ((i)), wave (a) ended at 366.77 and rally in wave (b) ended at 373.26. Wave (c) lower ended at 366.43 which completed wave ((ii)). The stock resumed higher in wave ((iii)). Up from wave ((ii)), wave (i) ended at 375.20 and dips in wave (ii) ended at 371.19. Wave (iii) higher ended at 390.68 and pullback in wave (iv) ended at 380.38. Final leg wave (v) higher ended at 394.03 which completed wave ((iii

TSLA (TESLA) Favors Further Downside April 12, 2023 By EWFRaj TSLA Showing impulse Elliott Wave sequence as ((1)) higher started from 1/06/2023 low, which ended at $217.82 high on 2/16/2023. Below $217.82 high, it favors pullback in 7 or 11 swings correction in ((2)) against January low before upside resumes. It placed (W) of ((2)) at $163.91 low & (X) connector at $208 high on 3/31/2023. Below (X) high, it ended A of (Y) at $176.11 low & proposed ended B at $189.19 high. Below (X) high, it placed ((i)) at $192.20 low & ((ii)) at $198.74 high. ((ii)) was 0.382 Fibonacci retracement of first leg. It placed ((iii)) at $179.74 low & ((iv)) at $186.39 high. Finally, it ended ((v)) as A wave at $176.11 low in (Y). It proposed ended B wave $189.19 high in 3 swings bounce as 0.382

Tesla (TSLA) Impulsive Rally Should Continue Higher September 12, 2023 By EWFHendra Short term Elliott Wave view suggests rally from August 18, 2023 low is unfolding as a 5 waves impulse. Up from August 18 low, wave 1 ended at 241.55 and pullback in wave 2 ended at 226.50. The stock then extended higher in wave 3 towards 261.18. Pullback in wave 4 ended at 242 with internal subdivision as a regular flat. Down from wave 3, wave ((a)) ended at 255.7 and rally in wave ((b)) ended at 260.65. Stock then extended lower in wave ((c)) towards 242 which completed wave 4. Tesla has turned higher in wave 5. Up from wave 4, wave ((i)) ended at 258 and dips in wave ((ii)) ended at 243.26. Internal subdivision of wave ((ii)) unfolded as a double three Elliott Wave structure. Down from wave ((i)), wave (

Russell 2000 (RTY) Looking to Break Lower May 4, 2023 By EWFHendra Russell 2000 (RTY) Cycle from 4.3.2023 high is in progress as a 5 waves diagonal. Down from 4.3.2023 high, wave (i) ended at 1752.7 and rally in wave (ii) ended at 1825.43. The 1 hour chart below shows the chart starting from wave (ii) peak. The Index then resumes lower in wave (iii) towards 1731.7. Internal subdivision of wave (iii) unfolded as a 5 waves impulse. Down from wave (ii), wave i ended at 1794.8 and rally in wave ii ended at 1814. Index resumes lower again in wave iii towards 1733, wave iv rally ended at 1748.80. Final leg wave v ended at 1731.7 which completed wave (iii). Index then corrected in wave (iv) with internal subdivision as a zigzag Elliott Wave structure. Up from wave (iii), wave a ended at 1762 and