ASX ($XJO): Showing 5 waves up from 2/7

$XAO-ASX 6020170219042015

In this Technical blog we are going to take a quick look at ASX ($XJO-ASX) All ordinary from Australia cycle from February 2017 lows, here's the short review of previous blog from February 1, in which the index was showing 5 swings corrective sequence from January 09,2017 peak & we were looking for 1 more leg lower at our blue box buying area. But then index broke the 1 hour invalidation level & truncated the last leg lower. Since then index has rallied significantly & broke to new … [Read more...]

Silver Elliott Wave view: Extending higher

2XAG 6020170216211414

Preferred Elliott wave view in Silver suggest that the metal is showing a 7 swing Elliott wave bullish sequence (WXY) from 12/20 lows. Cycle from 1/27 low is also incomplete & favors more upside extension towards 18.31-18.71 area to reach the extreme from 12/20 lows. Near term, the pullback in Minute wave ((x)) ended in 3 swings at 17.22 low. Up from there, Minutte wave (w) ended at 18 as an Elliott wave zigzag structure (5-3-5) and Minutte wave (x) pullback is proposed complete at 17.71 as … [Read more...]

Silver Elliott wave view: Looking higher

2XAG 6020170215212913

Preferred Elliott wave view in Silver suggest that the metal is showing a 7 swing Elliott wave bullish sequence (WXY) from 12/20 lows. Cycle from 1/27 low is also incomplete & favors more upside extension towards 18.31-18.71 area to reach the extreme from 12/20 lows. Near term, the pullback in Minute wave ((x)) ended in 3 swings at 17.22 low. Up from there, Minutte wave (x) ended at 18 as an Elliott wave zigzag structure (5-3-5) and Minutte wave (x) pullback is proposed complete at 17.75 as … [Read more...]

Silver Elliott wave view: Resuming higher

2XAG 6020170214211143

Preferred Elliott wave view in Silver suggest that the metal is showing the 7 swings bullish sequence from 12/20 lows, Also the cycle from 1/27 low is incomplete & favoring more upside extension towards 18.31-18.71 area to reach the extreme from 12/20 lows. Silver short term the pullback in minute wave ((x)) ended in 3 swings at 17.22 low. Up from there cycle ended in 3 swings as zigzag structure (5,3,5) at 17.985 in minutte wave (w), where within that cycle minutte wave (a) ended at 17.84 … [Read more...]

Silver Elliott wave view: calling higher

2XAG 6020170214032101

Preferred Elliott wave view in Silver suggest that the metal is showing the 7 swings bullish sequence from 12/20 lows, Also the cycle from 1/27 low is incomplete & favoring more upside extension towards 18.31-18.71 area to reach the extreme from 12/20 lows. Silver short term the pullback in minute wave ((x)) ended in 3 swings at 17.22 low. Up from there cycle ended in 3 swings as zigzag structure (5,3,5) at 17.985 in minutte wave (w), where within that cycle minutte wave (a) ended at 17.84 … [Read more...]

NASDAQ Composite: Elliott Waves calling higher

COMPQ-240-1-25 edited

in this technical blog, we are going to take a quick look at past performance of NASDAQ Composite charts from January 2017, which we presented to the clients at elliottwave-forecast.com. Below is the 4 hour chart from January 18,2017, showing the sequence of higher highs in the index from November 04,2016 lows. Also if we count the swing sequence, we can clearly see that the price action from November lows looks to be in 9 swings or 5 swing sequence, which needed some more upside to reach the … [Read more...]