Elliott Wave Analysis: DAX

DAX-24020170111170909

In this technical blog, let's take a look at the $DAX instrument Elliott wave forecast we had since the beginning of 2017. Below is the $DAX 1/07/2017, 4 hr  weekend updated chart suggesting the rally in DAX from 11/9/2016 is unfolding as a Elliott wave triple three structure (also known as 11 swing sequence), where wave (W) ended at 10798, wave (X) ended at 10400, wave (Y) ended at 11487, and second wave (X) ended at 11404.3. With a break above previous wave (Y) at 11487, instrument is showing … [Read more...]

Aftermath of December US Non-farm payrolls

GBPUSD 5 Jan 1 Hour Mid-day NY

Last Friday, US added 156,000 job numbers in December Non-farm payrolls followed by a 204,000 rise in November previously, which was bigger than estimated. Whereas the Median forecast for December Non-farm payrolls was estimated at 175,000 jobs. The jobless rate marked up to 4.7 percent as the labor force grew. And wages rose 2.9 percent from December 2015, thus helped US Dollar & Indices to rally, significantly pushing SPX & NASDAQ to new all-time highs. Average hourly earnings advanced … [Read more...]

Under Armour (Sportswear) Ready for Glory Days

Under Armour ( UAA ) 01.02.2017 Monthly Chart

SportsWear Market Analysis When people talk about Sportswear , you will always hear either Nike or Adidas as they are the most used brands in the world despite other known names like Puma , Asics or Converse . Nike established it self as the world’s leading innovator in sports related footwear, clothing, tools and accessories beating Adidas which is the largest sportswear manufacturer in the European Continent . However in 2014 , Under Armour ( American sports clothing and accessories company ) … [Read more...]

Do you want Tesla shares (TSLA) in your Portfolio ?

TESLA 12.27.2016 Weekly Chart

Tesla Motors is an American automaker and energy storage specializing in electric cars and battery charging equipment . Its chairman Elon Musk who's also CEO of SpaceX and Co-Founder of SolarCity ,  has said that he visualize Tesla Motors as a technology company and independent automaker, aimed at offering electric cars at prices affordable to the average consumer. Tesla acquired SolarCity (NSDQ:SCTY) in November and with Tesla's "Model 3" electric care generating a record-breaking $10 billion … [Read more...]

CL_F Elliott Wave Forecast 12.28.2016

2CL 6020161227221657

CL_F (Oil) is showing an incomplete 5 swing sequence from 2/8 low ($26.02), favoring for more upside. The latest rally up from 11/14 low ($42.2) is proposed to be unfolding as a triple three where wave W ended at $49.2, wave X ended at $44.82, wave Y ended at $54.51, and second wave X ended at $49.97. The internal structure of wave Z is unfolding as a double three structure where wave (w) of Z ended at  $53.79 and wave (x) of Z has ended at 52.08. Near term, expect a pullback to correct the … [Read more...]

CL_F Elliott Wave Forecast 12.27.2016

2CL 6020161227094517

CL_F (Oil) is showing an incomplete 5 swing sequence from 2/8 low ($26.02), favoring for more upside. The latest rally up from 11/14 low ($42.2) is proposed to be unfolding as a triple three where wave W ended at $49.2, wave X ended at $44.82, wave Y ended at $54.51, and second wave X ended at $49.97. The internal structure of wave Z is unfolding as a double three structure where wave (w) of Z ended at  $53.79 and wave (x) of Z is in progress towards $51.38 - $51.72 area before CL_F resumes the … [Read more...]