Platinum Correction of the Cycle up from 1/21/16 $PL_F

PL_F-8H

Firstly this is mainly about the near term expectations in the correction of the cycle up from the 1/21/2016 cycle lows in Platinum. The best reading of the larger cycles in Platinum suggests it can have a longer term cycle high and low in March and October of 2008 and since then rallied in a cycle up until August 2011. Afterward of that the precious metal declined in a cycle and trend lower with other metals & commodities. The second thing I like to mention in the case of Platinum on … [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...]

NZDJPY Elliott Waves forecasting the rally & buying the dips

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Hello fellow traders, in this technical blog we're going to take a quick look at the past Elliott Wave charts of NZDJPY to see how we guided our members through this instrument. The chart below is $NZDJPY daily update from  11.07.2016 It's  suggesting we're in the potential pull back X red from the 76.90-78.01 area, before resumes higher again toward target area : 79.81-81.61 Now let's take a look at the short term structures... Since November 08/2016 when the pair broke July 12th peak, … [Read more...]

Facebook Inc potential short-term Elliott Wave scenario

Facebook

Hello fellow traders, in this technical blog we’re going to take a quick look at the short term structure of Facebook’s shares price. Facebook began selling stocks to the public in May 2012, as a part of Nasdaq stock exchange with initial price of $38 per share. Eventyaly, the market developed a strong, 3-year-old bullish trend, where every pull back kept finding buyers at 23%-38.2% Fibonacci retracement area against the all-time lows. Today Facebook is the most popular social networking site … [Read more...]

$QCOM Daily Elliott Wave Analysis

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Here is a daily Elliott wave analysis of Qualcomm Incorporated based in California, USA. This Nasdaq stock is well below it all time peak back in the year 2000 and did suffer a quite a pullback lower with the rest of the market into 2002 then has traded sideways to higher from there. Most recent larger degree dip appears to have ended a corrective cycle lower back on 2/12/2016 at the 42.24 lows . The uptrend from there thus far appears to be impulsive and I think it should likely do a bit of … [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...]