To The Moon

Rally in $SPX Expected to Fail According to Elliott Wave March 21, 2023 By EWFHendra S&P 500 (SPX) rally from 10.13.2022 low was in 3 swing and ended wave (2) at 4194.16 as the 1 hour chart below shows. Wave (3) lower is now in progress as a 5 waves impulse Elliott Wave structure. Down from wave (2), wave ((i)) ended at 3943.08 and rally in wave ((ii)) ended at 4078.49. The Index extended lower again in wave ((iii)) towards 3842.91 and rally in wave ((iv)) ended at 3937.27. Final leg lower wave ((v)) ended at 3838.24 which completed wave 1. Wave 2 rally is now in progress to correct cycle from 2.3.2023 high. Internal of wave 2 is in progress as a zigzag Elliott Wave structure. Up from wave 1, wave ((a)) ended at 3964.46 and pullback in wave ((b)) ended at 3901.27. Final leg higher wave

XAGUSD: Silver reaction higher from equal legs area March 21, 2023 By EWFRafael Hello Traders, in this article we will analyze how XAGUSD (Silver), reacted higher from equal legs area. With the cycle from 02.02.2023 decline in Silver having a clear connector we were able to project the area in which we were expecting a reaction to take place. Here at Elliott Wave Forecast, we call these areas, equal legs or blue boxes. As you may seen within our charts. These are extreme areas in which buyers and sellers fight and agree into a reaction. One of the 2 sides should win and take control over the next move and cycle. In the case of Silver it reached equal legs area between wave (A) and (B) of (C) to end 5 waves decline and the reaction higher took place. Let’s have a look on how we saw it durin

Toronto-Dominion Bank (TD): Favors Weakness To ContinueMarch 21, 2023 By EWFRajThe Toronto-Dominion Bank (TD), together with its subsidiaries, provides various financial products & services in Canada, US & internationally. It operates through three segments: Canadian retail, US retail & Wholesale banking. It is based in Toronto, Canada, comes under Financial services sector & trades as “TD” ticker at NYSE.TD ended wave I as impulse sequence at $86.02 high & below there, it correcting lower in zigzag sequence in II. It confirmed the lower low sequence in daily, expecting weakness in ((C)) leg of II.TD – Elliott Wave Latest Weekly View: From March-2020 low of $33.74, it started impulse sequence higher. It ended ((1)) at $51.34 high on 8/27/2020. Below there, it favor

Chevron ($CVX) in Expanded Flat Elliott Wave Correction March 21, 2023 By EWFHendra Chevron Corporation (CVX) is an American multinational energy company. It is the second largest oil company in the United States and has operation in more than 180 countries. Chevron is involved in the entire spectrum of supply chain within the oil and natural gas industries from exploration, production, refining, marketing, transport, and sales. The stock shows a bullish sequence from all-time low but now is in the process of correcting cycle from March 2020 low. Below is the Elliott Wave outlook for the stock. Chevron Monthly Elliott Wave Chart Monthly Elliott Wave of Chevron (CVX) above shows the stock ended wave ((I)) at 135.1 on 7.1.2014 high. The stock then did a larger 3 swing pullback in the form o

Coinbase (COIN) Still Needs To Break $31.55 Before Looking For A Rally March 20, 2023 By EWFLuis Coinbase Global, Inc., branded Coinbase (COIN), is an American company that operates a cryptocurrency exchange platform. Coinbase is a distributed company; all employees operate via remote work and the company lacks a physical headquarters. It is the largest cryptocurrency exchange in the United States by trading volume. The company was founded in 2012 by Brian Armstrong and Fred Ehrsam. COIN Daily Chart October 2022 In October last year, the structure of COIN that started from wave x in red, we changed it to a triple correction instead of a double correction. That was why we have labeled the high of 116.70 as wave ((XX)) and we needed to break

PNC Financial Services Correction Could Provide Investment Opportunity March 20, 2023 By EWFAyoub PNC Financial Services NYSE (PNC) is an American bank holding company and financial services corporation based in Pittsburgh, Pennsylvania. The stock is currently down 45% form all time highs. Investors are looking for clues into the current decline to prepare a plan for the next move. We’ll use the Elliott Wave Theory to define the technical structure and understand the potential path. PNC Monthly Elliott Wave Chart PNC Elliott Wave Monthly Chart The above chart is showing the entire rally for PNC which ended last year after an impulsive 5 wave advance in wave ((I)). The stock started correcting the entire cycle with an initial 3 waves decline in wave ((II)). Correction unfold in 3 , 7 or 11

How did Gold Miners ($GDX) Provide an Intraday Setup Last Week? March 19, 2023 By EWFTaha Hello Traders! In today’s article, we will look at the past performance of the 1 Hour Elliottwave chart of $GDX. The rally from 3.09.2023 low unfolded as 5 waves which created a bullish sequence in our system. Therefore, we knew that the structure in $GDX is incomplete to the upside & should see more strength in 3, 7 or 11 swings against 3.06.2023 low. So, we advised members to buy the dips in 3, 7, or 11 swings at extremes. We will explain the structure & forecast below: $GDX 1H Pre-Market Chart 3.16.2023: $GDX Here is the 1H Elliottwave count from 3.16.2023. We were calling for the decline to find buyers in 3 swings at red B once the connector at ((b)) is in place. $GDX 1H Midday Chart 3.16.

Bullish Elliott Wave Outlook in Gold (XAUUSD) March 17, 2023 By EWFHendra Gold (XAUUSD) ended wave (4) at 1803.84. From here, it rallies as a 5 waves impulse Elliott Wave structure. Up from wave (4), wave ((i)) ended at 1858.33 and pullback in wave ((ii)) ended at 1809. The metal then resumes higher in wave ((iii)) towards 1914.60. Pullback in wave ((iv)) ended at 1885.40. Final leg higher wave ((v)) ended at 1937.31 which completed wave 1. Wave 2 pullback is now in progress to correct cycle from 2.28.2023 low in larger degree 3, 7, or 11 swing before the rally resumes. Wave 2 is proposed to be unfolding as a double three Elliott Wave structure.  Down from wave 1, wave (a) ended at 1907.1 and wave (b) rally ended at 1933.42. While below wave 1 at 1937.31, expect Gold to extend lower i

Hello Traders, today we are going to have a look on how we were able to forecast the reaction lower in USDCHF from equal legs area. The pair was trading within cycle from 02.02.2023 similarly to the low of the USDX. It had ended first leg higher in A alongside a clear connector wave B. In this situation we could calculate where our equal legs area will be at. Here at Elliott Wave Forecast we have developed a system in which allows us to project extreme areas of the market in which we can expect at minimum a 3 waves reaction off the area. This allows us to enter the market with a defined entry level and Stop Loss. Given the situation in USDCHF was within wave C of (B) higher in a 5 waves move. Let’s have a look on how we saw it during 03.01.2023 4 hour update. USDCHF 4 Hour update 03.01.202

MTU Aero Engines AG is a German aircraft engine manufacturer. It develops, manufactures and provides service support for civil and military aircraft engines. Founded in 1934 and headquartered in Munich, Germany, it can be traded under the ticker $MTX at XETRA in Frankfurt. MTU is a part of DAX40 index. In the initial article back in April 2021, we have forecasted a new cycle higher. The following article from December 2021 has called a nest in place and an acceleration higher to happen. In fact, we saw a bounce from 166.25-140.96 area towards 221.10 highs. However, the stock price of MTU Aero Engines has decided to perform a double correction. In the last article from October 2022, we have presented 157.50-118.23 buying area where a rally to the new highs or a reaction