Elliott Wave View: Silver Pulling Back within Bullish Trend
Silver (XAGUSD) formed a high on February 1 at $30.09 during the reddit #silversqueeze event. Since then, the metal has continued to pullback. The decline from February 1 peak is…
Elliott Wave View: AUDJPY Looking For 3 Waves Pullback
Short term Elliott Wave View in AUDJPY suggests cycle from January 28 low has ended with wave 1 at 84.95. The rally from January 28 low unfolded as a 5…
Elliott Wave View: Dow Futures (YM) Should Continue to Print All-Time High
Dow Futures (YM_F) continues to make a new all-time high and the Index should see further upside. Short term Elliott Wave suggests the rally from February 1 low is unfolding…
Elliott Wave View: GBPJPY Rally Likely to Extend Higher
GBPJPY continues to rally in impulsive Elliott Wave structure from January 18, 2021 low (140.3). Up from there, wave ((i)) ended at 144.09 and pullback in wave ((ii)) ended at…
Elliott Wave View: Nasdaq at Support Area
Short Term Elliott Wave in Nasdaq (NQ) suggests the rally from September 21, 2020 low is unfolding as a 5 waves impulse Elliott Wave structure. In the chart below, we…
Elliott Wave View: Further Downside in Gold
Gold has been consolidating for 6 months after forming the top at $2075 on August 2020 and the low at $1764 on November 2020. Today, the metal has finally broken…
Elliott Wave View: Pullback in DAX Should Find Buyers
Short term Elliott Wave view on DAX suggests that the decline to 13309.4 ended wave ((4)). The Index has resumed higher in wave ((5)) with internal subdivision as a 5…
Risk Appetite Bolster Yen Pairs
The Japanese Yen is weak against all other most-traded currencies, demonstrating market sentiment favoring riskier currencies. Japanese Yen is traditionally considered as safe haven currencies, and it tends to appreciate…
Elliott Wave View: Tesla (TSLA) Approaching Support
After forming the peak on January 25 at 900.4, Tesla (TSLA) has spent a month consolidating. The decline from January 25 high is unfolding as a zigzag Elliott Wave structure where…