CL_F Elliott Wave Forecast 12.29.2016

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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...]

GOOGL Near Term 4 hour Elliott Wave Analysis

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Here is the near term Elliott Wave analysis for the Nasdaq stock and company that really needs no introduction, Google based in Mountain View, California, USA. For purposes here in this article I'll mention this stock is obviously in a larger uptrend since the company inception. This particular labeling of the chart is not to say the larger count is or not impulsive however may be the important thing is the uptrend. We will begin with the low from 6/27/2016 which after doing cycle analysis it … [Read more...]