DJIA Elliott Wave View: Ending wave ((iii)) soon

$ INDU 6020170223212052

Short term Elliott wave view in DJIA (Dow Jones Industrial Average) suggests that the rally from 1/19 low is unfolding as a 5 waves Elliott wave impulse structure where Minute wave ((i)) ended at 20125.28, Minute wave ((ii)) ended at 19784.7, and Minute wave ((iii)) remains in progress. Internal of Minute wave ((iii)) is showing an extension and subdivided also as an impulse structure where Minuette wave (i) ended at 20155.3, Minuette wave (ii) ended at 20015.3, Minuette wave (iii) ended at … [Read more...]

DJIA Elliott Wave View: Extension expected

$ INDU 6020170222210649

Short term Elliott wave view in DJIA (Dow Jones Industrial Average) suggests that the rally from 1/19 low is unfolding as a 5 waves Elliott wave impulse structure where Minute wave ((i)) ended at 20125.28, Minute wave ((ii)) ended at 19784.7, and Minute wave ((iii)) remains in progress. Internal of wave ((iii)) is showing an extension and subdivided also as an impulse structure where Minuette wave (i) ended at 20155.3, Minuette wave (ii) ended at 20015.3, Minuette wave (iii) ended at 20639.8 and … [Read more...]

Reading and Labelling Elliott Wave Chart Seminar

Reading and Labelling Ellilott Wave chart

The following text below is taken from the slides of the Reading and Labelling Elliott Wave chart Seminar recording. Steps to read Elliott wave chart: Look at Elliott wave chart from the higher time frame to the lower time frame (weekly -> daily -> 4 hour -> 1 hour). Get a feeling about the current cycle of the instrument relative to the overall direction Identify the same degree of Elliott wave labels (e.g. super cycle, primary, intermediate, etc) Identify the largest degree … [Read more...]

DJIA Elliott Wave View: Wave ((iii)) in progress

$ INDU 6020170221205454

Short term Elliott wave view in DJIA (Dow Jones Industrial Average) suggests that the rally from 1/19 low is unfolding as a 5 waves Elliott wave impulse structure where Minute wave ((i)) ended at 20125.28, Minute wave ((ii)) ended at 19784.7, and Minute wave ((iii)) remains in progress. Internal of wave ((iii)) is showing an extension and subdivided also as an impulse structure where Minuette wave (i) ended at 20155.3, Minuette wave (ii) ended at 20015.3, Minuette wave (iii) ended at 20639.8 and … [Read more...]

USDPLN Intraday Elliott wave view

PLN DAILY20170220204058

Short term Elliott wave view of USDPLN (Poland Zloty) suggests that the pair is on the verge of breaking above the 2.15.2017 high at 4.0883. Rally from 2.2.2017 low (3.9722) is unfolding as a double correction Elliott Wave structure where wave W ended at 4.0883 and wave X is proposed complete at 4.0352. Internal of wave W is unfolding as a zigzag Elliott wave structure where wave ((a)) ended at 4.0584, wave ((b)) ended at 4.0324, and wave ((c)) completed at 4.0883. Internal of wave X also … [Read more...]

DJIA Elliott Wave View: Marching higher

$ INDU 6020170220211613

Short term Elliott wave view in DJIA (Dow Jones Industrial Average) suggests that the rally from 1/19 low is unfolding as a 5 waves Elliott wave impulse structure where Minute wave ((i)) ended at 20125.28, Minute wave ((ii)) ended at 19784.7, and Minute wave ((iii)) remains in progress. Internal of wave ((iii)) shows an extension and subdivided also as an impulse structure where Minuette wave (i) ended at 20155.3, Minuette wave (ii) ended at 20015.3, Minuette wave (iii) ended at 20639.8 and … [Read more...]