Intraday Elliott Wave Expects Further Correction in Dow Futures (YM)
Short Term Elliott Wave in Dow Futures (YM) suggests that pullback to 38532 low on 8.5.2024 ended wave ((4)). The Index then turned higher and made a new all-time high in wave ((5)) as an impulse. Up from wave ((4)), wave 1 ended at 39619 and wave 2 pullback ended at 38689. The Index then extended higher in a nesting impulse with wave ((i)) ended at 39770 and dips in wave ((ii)) ended at 39344. Wave ((iii)) higher ended at 41085 and pullback in wave ((iv)) ended at 40684. Last leg wave ((v)) ended at 41523 which completed wave 3. Pullback in wave 4 ended at 40920 and wave 5 higher ended at 41682. This completed wave (1) of ((5)). Index is now correcting cycle from 8.5.2024 low in wave (2) of ((5)). Down from wave (1), wave ((i)) ended at 41231 and wave ((ii)) rally ended at 41674. Wave ((i
Elliott Wave View on Light Crude Oil (CL) Favoring More Downside
Short Term Elliott Wave in Oil (CL) suggests the decline from 8.13.2024 high is unfolding as a 5 waves impulse. Down from 8.13.2024 high, wave (i) ended at 76.83 and rally in wave (ii) ended at 78.6. The commodity extended lower in wave (iii) towards 72.89 and rally in wave (iv) ended at 74.16. Final leg wave (v) ended at 71.46 which completed wave ((i)) in higher degree. Oil then turned higher in wave ((ii)) with internal subdivision as a zigzag Elliott Wave structure. Up from wave ((i)), wave (a) ended at 73.52 and wave (b) ended at 72.81. Wave (c) higher ended at 77.58 which completed wave ((ii)) in higher degree. Oil extended lower in wave ((iii)). Down from wave ((ii)), wave i ended at 73.82 and rally in wave ii ended at 76.91. It then extended lower in wave iii towards 69.19 and wave
ADI Found Buyers in the Blue Box. What next for Traders?
Analog Devices, Inc. ADI is a global leader in designing and manufacturing integrated circuits and analog, mixed-signal, and digital signal processing (DSP). Founded in 1965, the company specializes in converting real-world phenomena like sound, light, and temperature into digital data, which is crucial for various applications in industries such as automotive, healthcare, industrial automation, and communications. Analog Devices went public in 1969 and trades on the NASDAQ under the ticker symbol $ADI. The company has a strong reputation for innovation and has consistently performed well financially, benefiting from the growing demand for advanced electronics and the expansion of connected devices across multiple industries. ADI Elliott Wave Analysis, Weekly Chart 09.04.2024 ADI $ADI Week
Intraday Elliott Wave Analysis on Tesla (TSLA) Looking for Double Correction
Short Term Elliott Wave in Tesla (TSLA) suggests that rally from 4.22.2024 low is in progress as a 5 waves leading diagonal. The internal subdivision of this diagonal is in 3-3-3-3-3. Up from 4.22.2024 low, wave (1) ended at 271 and pullback in wave (2) ended at 181.22. The stock has turned higher in wave (3) with internal subdivision as a 3 waves zigzag structure. Up from wave (2), wave ((i)) ended at 207.65 and dips in wave ((ii)) ended at 188.50. The stock resumed higher in wave ((iii)) towards 219.80 and pullback in wave ((iv)) ended at 212.21. Final leg wave ((v)) ended at 228.22 which completed wave A in higher degree. Pullback in wave B is in progress to correct cycle from 8.5.2024 low with internal subdivision as a double three. Down from wave A, wave (w) ended at 210.2 and wave (x
Pan American Silver (PAAS) Has Resumed Bullish Cycle
Pan American Silver Corp. (PAAS) is a Canadian mining company headquartered in Vancouver, British Columbia. It focuses on the exploration, development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines across the Americas. Below is the long term Elliott Wave technical update of the stock. PAAS Monthly Elliott Wave Chart Monthly Elliott Wave chart of Pan American Silver (PAAS) above shows the stock has ended Grand Super Cycle wave ((II) correction at 5.32. It has since turned higher in wave ((III)) as an impulse. Up from wave ((II)), wave (I) ended at 40.11 and pullback in wave (II) ended at 12.16. As far as pivot at 5.32 low stays intact, expect the stock to extend higher. Daily Elliott Wave Chart of PAAS above shows that the stock ended
CrowdStrike (CRWD) Is Not Ready to Resume that Rally. Bull Trap Ahead.
CrowdStrike Holdings, Inc. (CRWD) is an American cybersecurity technology company based in Austin, Texas. It provides cloud workload and endpoint security, threat intelligence, and cyberattack response services. CrowdStrike (CRWD) July 2021 Daily Chart CrowdStrike (CRWD) July 2021 Daily Chart The chart above shows the daily view that we forecast 3 years ago. We were expecting to end an very important market cycle in the blue box area between 303.60 – 271.69. This cycle would end an impulse on CRWD since it listed on the stock exchange. Once the impulse would end as wave (I), we expected a big correction as wave (II). (If you want to learn more about Elliott Wave Theory, follow these links: Elliott Wave Education and Elliott Wave Theory). Cr
CrowdStrike (CRWD) Is Not Ready to Resume that Rally. Bull Trap Ahead.
CrowdStrike Holdings, Inc. (CRWD) is an American cybersecurity technology company based in Austin, Texas. It provides cloud workload and endpoint security, threat intelligence, and cyberattack response services. CrowdStrike (CRWD) July 2021 Daily Chart CrowdStrike (CRWD) July 2021 Daily Chart The chart above shows the daily view that we forecast 3 years ago. We were expecting to end an very important market cycle in the blue box area between 303.60 – 271.69. This cycle would end an impulse on CRWD since it listed on the stock exchange. Once the impulse would end as wave (I), we expected a big correction as wave (II). (If you want to learn more about Elliott Wave Theory, follow these links: Elliott Wave Education and Elliott Wave Theory). Cr
Elliott Wave Analysis on Apple (AAPL) 5 Waves Rally Favors Bullish Side
Short Term Elliott Wave in Apple (AAPL) suggests pullback to 195.99 ended wave IV. The stock has turned higher in wave V with internal subdivision as 5 waves impulse. However, it still needs to break above previous wave III peak at 237.23 on July 15 to rule out a double correction. Up from wave IV, wave (1) ended at 213.5 and wave (2) pullback ended at 201.07. The stock nested higher with wave 1 ended at 214.25 and pullback in wave 2 ended at 210.64. Stock then resumed higher in wave 3 towards 227.98 and wave 4 ended at 224.80. Final wave 5 higher ended at 228.34 which completed wave (3). The stock then pullback in wave (4) with internal subdivision as a double three Elliott Wave structure. Down from wave (3), wave W ended at 223.9 and wave X ended at 228.22. Wave Y lower ended at 223
Elliott Wave Intraday on NVDA Looking for Pullback
Short Term Elliott Wave in $NVDA suggests that pullback to 90.7 ended wave IV. The stock has turned higher in wave V with internal subdivision as a 5 waves impulse. Up from wave IV, wave (1) ended at 109.25 and wave (2) pullback ended at 97.15. The stock has resumed higher as a nest. Up from wave (2), wave 1 ended at 108.3 and pullback in wave 2 ended at 97.52. Up from there, wave ((i)) ended at 109 and wave ((ii)) ended at 101. Wave ((iii)) higher ended at 125, pullback in wave ((iv)) ended at 121.15, and final wave ((v)) ended at 130 which completed wave 3. Pullback in wave 4 ended at 125.8 and final wave 5 ended at 131 which completed wave (3). Stock then pullback in wave (4) towards 123.1 and made another leg higher in wave (5) towards 131.26. This completed wave ((1)) in higher degree
Will FTNT bullish sequence attract buyers from pullbacks?
Since its stock became available for trading, FTNT has continued to make profits for its investors. Similarly, speculators have been able to find positions from pullbacks as the stock has maintained a bullish sequence since 2009. This blog post will reveal when traders can jump into another trade from the dip. This is from the perspective of the Elliott wave theory as we see it. Fortinet, Inc. (FTNT) is a leading cybersecurity company known for providing a wide range of security solutions, including firewalls, antivirus, intrusion prevention, and endpoint security. Founded in 2000 by Ken Xie, the company is headquartered in Sunnyvale, California. Fortinet’s flagship product is the FortiGate firewall, but it also offers a broad portfolio of products covering areas such as cloud security, ne