SPX buying the dips after a Double correction

SPX elliott wave

Hello fellow traders. The video below is a capture from the SPX Strategy of the day video from 12/19/2016 held by  Daud Bhatti. SPX Trading strategy: Our Elliott Wave forecast suggests the index is within bullish cycle from the 2084.6 low. It's missing a swing to the upside, looking for 2316.85 area. As Daud explained in the video, while the price holds below 12/13 peak, double correction can be seen in wave (b) blue. As always, we recommended our members to go with the trend. Suggestion was … [Read more...]

USDJPY buying dips after a FLAT correction

USDJPY Elliott Wave forecast

Hello fellow traders. In this technical blog we're going to present another nice trading opportunity of USDJPY and we'll explain the strategy in a few words. The video below is a short capture from the London Live Session 01/05/2017 held by EWF Senior Analyst Daud Bhatti. USDJPY Trading strategy: Our Elliott Wave forecast suggests USDJPY is still within bullish cycle from the 06.24.2016 low. We're favoring the long side and suggesting buying the dips at 115.97-115.34 zone against the 114.34 … [Read more...]

Russell 2000 ($RUT) incomplete bullish sequences calling the rally

RUT-RUSSELL-DAILY20161023043731

Hello fellow traders. In this technical blog we’re going to take a quick look at the past Elliott Wave charts of Russell 2000 ( $RUT). We're going to explain the structure and see how we guided our members through this instrument. The chart below is $RUT daily update from 10.23.2016. Price structure is showing incomplete bullish sequences in the cycle from the 943.63 low. Fifth swing ended at 1261.11 high as a expanded flat. Our Elliott Wave analysis suggests that the index's  doing 6th swing … [Read more...]

Dow Jones (INDU) forecasting the rally & buying the dips

Dow

Hello fellow traders. Here's a short capture from the Strategy of the Week video 10/16 2016 held by EWF Senior Analyst Daud Bhatti. Daud presented Elliott Wave count of Dow Jones Industrial Average and explained the swings structure. The Index was having incomplete bullish swings structure in the cycle from the January 21st low. Our Elliott Wave Forecast suggested further rally once X rec pull back completes. In shorter term INDU was correcting the rally from the 17063 low. Decline from the … [Read more...]

ES #F Elliott Wave Forecasting the Rally from 2080-2023

Elliott Wave ES#F

The Video below is a short capture from the Plus Daily Technical Video held on October 26th by Hendra Lau. Hendra counted the short term swings and explained our Elliott Wave forecast of ES #F We expected wave (X) blue to make double three against the 1981.58 low.  At that time the price of ES #F still hadn't broken below the 09/12 low. However we knew it will probably make double three as SPX was showing 5 swings in the cycle from the same 08/23 peak, suggesting another swing down in futures … [Read more...]

One of the most common Traps in Elliott Wave Trading

EURUSD Short-term Elliott-Wave-Analysis 15 November

In this technical blog we’re going to give you some tips on how to avoid one of the most common traps in Elliott Wave trading. We will try to close you to our strategy, emphasizing importance of trading with the trend. Many beginner traders believe that spotting formation of a good pattern or clear Elliott wave count on 1 Hour, 30 minutes or even 15 minutes time frame is enough to make good trading decisions. Unfortunately that’s not the case. Trading in that manner leads to many negative … [Read more...]