Short term Gold Elliott Wave view suggests that the rally from 10/06 low (1260.52) to 10/16 peak (1306.35) ended intermediate wave (X) then the decline from there is unfolding as a a double three Elliott wave structure. As the structure of the 10/16 peak looks to be overlapping, hence suggesting its corrective structure, either W, X, Y or W, […]

USDJPY Short term Elliott Wave view suggest that the decline to 111.61 ended intermediate wave (X) on October 16 low. Up from there intermediate wave (Y) is in progress as a double three Elliott wave Structure and pair has managed to break the 10/06 peak (113.43) suggesting that next extension higher has started. The cycle from […]

Short term GBPAUD Elliott wave view suggest that the rally to 1.7182 on 9/28 peak ended the intermediate wave (W). Decline from there is unfolding as an impulse Elliott Wave structure with extension.  This 5 waves move should end Minor wave A of an Elliott wave zigzag structure structure or a wave C of a FLAT correction from 9/22 peak (1.7165). In either case, after […]

Short term Elliott wave view in Nikkei suggest that the cycle from August 29.2017 low (19055) is unfolding in 5 waves pattern. However looking at the internal subdivision of each wave the bounce looks corrective in nature with upside extensions. Thus suggesting that the Nikkei cycle from August 29 low (19055) could be following a leading Diagonal […]

In this Technical blog we are going to take a quick look at the past 1 hour Elliott Wave performance of the FTSE cycle from June 02, 2017 peak. Which we presented to our clients at elliottwave-forecast.com. We are going to explain the structure from that peak. FTSE 4 Hour Elliott Wave Chart The Intermediate cycle from June 02 peak […]

Since the decline starting from year 2000, the world has been calling for a huge crash in world indices. The world indices did in fact corrected nicely in the year 2000 and 2009. The correction took the form of a FLAT Elliott wave structure and reached 50%-61.8% of the all-time rally in most of the world […]