Indices 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. […]

Triangles 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 […]

We 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 […]

Today, we take a look at structure of the decline in Nikkei futures from 9.25.2014 peak. This decline is unfolding as a ( W )  – ( X ) – ( Y ) structure when ( X ) failed between 50 – 61.8 fib retracement area of ( W ). From the secondary (X ) […]

Preferred Elliott Wave view suggests decline from 0.8065 – 0.7764 was a triple three (WXYZ) structure and completed wave ( A ). Wave ( B ) is in progress and taking the form of 7 swings structure. Wave “W” ended at 0.7860 and dip to 0.7817 was wave “X”. Pair has already made a new […]

Oil completed ((B)) @ 94.88. As per preferred Elliott Wave view, we have seen a 3 wave decline to 88.18 which completed wave W. Oil is now bouncing to correct the drop from 94.88 high. This bounce could test 50- 61.8 fib (91.54 – 92.34) area before decline resumes again. We don’t like buying Crude Oil […]