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 […]

Many stock tickers and Indices across the world are showing five waves within the Grand Super Cycle. Many Elliott Wave practitioners will be looking for a crash or big three waves across the Market. We at EWF always correlate the Market because, in the end, there is only 1 market and they work in sync. We […]

Some rules within The Elliott wave Theory can be subjective as it allows flexible and various alternatives. However, one of the stronger points in the theory is the sequence of five. In the Elliott Wave Theory, wave 5 is located at the end of an impulsive structure. The main pattern is the five waves followed […]