DAX Elliott Wave Forecast 1.4.2017

$DAX 6020170104212835

The rally in DAX from 11/9/2016 is unfolding as a triple three where wave (W) ended at 10798, wave (X) ended at 10400, wave (Y) ended at 11487, and second wave (X) ended at 11403. With a break above wave (Y) at 11487, DAX is showing 9 swings up from 11/9/2016 low, which favors more upside. Up from 11403, wave ((w)) ended at 11649.5, and wave ((x)) pullback is in progress in 7 swing to correct cycle from 12/30 (11403) low before Index turns higher again. Potential target for wave ((x)) pullback … [Read more...]

DAX Elliott Wave Forecast 1.3.2017

$DAX 6020170102214152

DAX has continued to make a new high at the start of the 2017. The Index is currently showing a 5 swing sequence from 12/12 low, which favors more upside. The rally from 12/12 low (11141) is now unfolding as a double three where wave (w) ended at 11483 and wave (x) ended at 11403. Internal structure of wave (y) is unfolding as a double three structure where wave w ended at 11622.5 and wave x pullback is in progress to correct from 12/30 low (11403) before DAX resumes rally higher again. We don't … [Read more...]

AUDCAD Elliott wave Strategy of the Day (12/27/2016)

3AUDCAD 1H20161228100028

On 27th of December 2016, Our Strategy of the Day Video presented to clients viewed the bounce in AUDCAD as a selling opportunity in the pair. Short AUDCAD (12/27/2016) On 12/27/2016, pair was showing incomplete swing sequence (5 swings) from 11/10 peak & was missing the target (0.9545 - 0.9415 area). This suggested Elliott wave sequence was incomplete and bearish against 12/14 peak (0.9887) in first degree and thus our strategy was to sell the bounces in sequence of 3, 7 or 11 swings … [Read more...]

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


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...]

CL_F Elliott Wave Forecast 12.29.2016

2CL 6020161228214624

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, the rally from wave (x) low ended at … [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...]