Another good trading opportunity we have had lately is in GOOGL stock. Stock has been an impulsive rally since 10.4.2021 low with wave (1) completed at $2874.99, wave (2) completed at $2700, wave (3) completed at $2973 and it started pulling back within wave (4). Wave (4) took the form of a zigzag and presented […]

Silver related symbols including Silver Funds and ETFs have been trading lower since the peak around either 08.06.2020 or 02.01.2021. Most of them have taken a different Elliott wave structure, some have been doing an Elliott wave FLAT like $XAGUSD and some are doing a simple ABC (5-3-5) structure like SIL. The group advanced in […]

LUV (Soutwest Airlines) shows a very constructive price action since the all-time lows. We can see a very nice impulse or five waves into the peak in 2017. The Elliott Wave Theory’s main message is that the trend advances in five waves and then a pullback in three waves. The following chart is a representation […]

Royal Gold is an ETF with a higher degree correlation with Gold and might show a path for an expected move higher in Gold into the $2700.00 area. The Symbol shows five swings or waves since the all-time lows, which is a bullish structure. In the Elliott wave Theory, every time five waves or swings […]

$GME (Game Stop) has been in a tremendous rally since it reached the blue box buying around the $8.20 area. The market has changed, and there is no question computers have taken over the market. We have done a series of articles explaining this idea. The market is always a fight between buyers and sellers. Knowing […]

As we always do at Elliottwave-Forecast, we look at the market as a whole. We track over hundreds of instrument around the world to get a more complete forecast. There is a degree of correlation among different instrument and we have developed a system to identify them. We group together correlated instrument and create different […]