INDU: Elliott Wave Structure showing more upside

INDU (Dow) 16 Feb 1 Hour Elliott Wave Analysis

In the Elliott wave Theory, the main idea is an advance in 5 waves followed by 3 waves back, this is seen most of the times in Indexes and right now INDU (Dow) is showing a possible 5 waves advance since the low at 1.19.2017. As of right now, we should be ending the wave ((iii)) in black and soon should do a 3 waves pull back which we believe would be a wave ((iv)) and result in another leg higher to complete a 5 wave move up from 1.19.2017 low. Wave ((iv)) should be rather shallow and ideally … [Read more...]

$CL (Oil) New buying opportunities soon.

Oil New Buy Opportunity

Oil (CL_F) is showing a bullish sequence in the daily time frame from 2/12/2016 low, favoring further upside. We like to buy the pullbacks in two areas. Watch the video, chart and commentary below: Oil Video   Oil Chart and Commentary While Oil stays below 54.1, but more importantly as far as pivot at 55.24 stays intact, it is expected to turn lower to correct the cycle from 8/3 low (39.19) as a double three structure. A double three is a 7 swing corrective structure … [Read more...]

GBPUSD Can a dip into the $0.60-$0.30 area happen?

GBPUSD WEEKLY 20161227132438

The GBPUSD has been declining since the late 1960’s. The currency instrument did see a three wave decline into the 1985 low. This low represents either a pause into the longer term decline sequence or the beginning of a new bullish sequence. From the 1985 lows the currency rallied for 22 years based in Elliott wave hedging, which means both bearish and bullish sides agreed on the bounce. As of right now, we are looking at the 1985 low as a line which supports or negates the GBPUSD moving into … [Read more...]

Elliott wave Theory: The Truth behind the subjection

EURUSD-Weekly EW Subjectivity blog

Elliott wave Theory : The Truth behind the subjection As everyone knows by now, we at Elliottwave-Forecast, are always betting in the future. When you do forecasting for a living, it become a habit looking ahead everyday instead of looking behind. During the history of mankind, many theories and projects have been developed and created, but if we held onto the initial versions, we neither would have enjoyed the developments we have today, nor our society would be so up to the time, and our … [Read more...]

USDCAD: Buying the dips using the Elliott wave Theory

USDCAD 18 October 4 Hour

The Elliott wave theory was developed in the 1930’s and in the theory, the main idea is that the market advances in five waves and corrects in three waves. Since 1930’s, the world has changed a lot now we have computers and we can see multiple instruments and we can measure momentum and many other tools. When the theory was developed, we didn't have any of these tools and consequently it was developed just based on the charts of few instruments due to the inability of the time and the lack of … [Read more...]

EURUSD :Is decline from 8/18 a 5 wave move?

EURUSD-DAILY20161017153459

The Elliott wave theory explains that in a five waves move, every subdivision has to come in five waves three of which will advance in five waves and two would be pull backs of those against the trend. In this video, we are going to take a look at the decline in EURUSD from the peak of August 18, 2016. We are going to look at every single subdivision of EURUSD drop and try to decode if every single decline is in five waves or not and based on that we would decide if the decline from 8/18/16 … [Read more...]