ZS_F (Soybean Futures) decline from 961’4 peak to 868’6 low was in 5 waves as 4 Hour chart below shows and thus, we expected bounces to fail below 961’4 peak for another round of selling in 5 waves. Soybean Futures bounced in 3 waves to 902’0 high and broke below the low at 868’6 suggesting […]

The World Health Organization (WHO) has a declared the outbreak of the new  corona virus a pandemic as health authorities around the globe continue to scramble to contain the sickness, first detected in the central Chinese city of Wuhan in December last year. The virus, which causes a respiratory illness called COVID-19, has spread to […]

We at Elliottwave-Foreast.com use a lot of market correlation to derive our forecasts alongside other tools that we use. In this article, we would look at a recent example of Market correlation used in our forecasts and how a Stock Market from Asia (Hangseng) kept us on the right side in US Indices by calling […]

We always refer a lot to the blue boxes which are often shown on our charts and define them as High-Frequency areas which are based in a relationship of sequences, cycles and calculated using extensions. Traders are always looking for answers and news to decide what to do next, whether to buy or sell, whereas […]

We keep mentioning to our members are in our Social Media feeds that blue boxes shown on our charts are High-Frequency areas which are based in a relationship of sequences, cycles and calculated using extensions. When ever market gets a bit volatile like we have seen for the last couple of weeks due to Corona […]

XAUUSD (Gold) formed a secondary peak at 1593.82 on February 2, 2020 and turned lower sharply. Primary count suggests secondary peak completed wave B as a FLAT and wave C lower has started which should form part of a Zigzag Elliott wave structure down January 7, 2020 peak. A zigzag is a 5-3-5 structure in […]