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OIL: Elliott Waves forecasting the path from 09.25.2014
Read MoreAt the last days of September our Elliott Wave analysis for OIL suggested that we were doing double three corrective structure from the 89.56 low. The analysis was calling for more strength toward equal legs area (95.05-96.15) to complete wave ((B)) recovery, before further decline takes place in next bearish cycle – wave ((C)). Let’s […]
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Double Three Structure in EURGBP
Read MoreEUR/GBP is a pair that moves nearly all in corrective sequence of double three (WXY) or triple three (WXYXZ). That makes the pair to be very predictable and a pair to look for high probability setups. In this blog, we will take a look at how to trade a double corrective Elliott Wave Structure Double three structure […]
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Nikkei looking for 15591 – 15782 area
Read MoreIn today’s video, we take a look at short-term Elliott Wave Structure of Japanese Nikkei 225. Initial move up from 14402 low was in 3 waves which completed wave (( w )). After that Index made a 50% pull back which completed wave (( x )) and has since made a new high to 0.618 […]
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$SPX Elliott Wave IV (RED)
Read MoreIndices reflect human growth and hence have a bullish trend with declines being corrective in one degree or another. That’s why at Elliott Wave Forecast, we keep looking for a bullish path as far as that’s supported in our system. If the pivot gives up, then we look for a correction of a higher degree. […]
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Symmetrical Triangle in GBP/JPY
Read MoreTriangles pattern occur quite frequently in the market, and it’s one of the best patterns to trade. In this blog, we are going to take a look at how to trade the triangle pattern. There are 8 different types of triangles, as can be seen in the chart below: In this blog, we will take a look […]
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FLAT Elliott Wave Structure in SPX
Read MoreWe take a look at short-term price action in SPX500. We saw a perfect bounce from equal legs area in ( W ), rejection at 50% retracements, a marginal new low and then a very sharp rebound. Based on 9 swings down from 2019 and marginal new low before rallying impulsively, we think it’s doing a […]