EWFHendra
Elliott Wave View: Nasdaq Looking to Turn Lower
Nasdaq (NQ_F) decline from April 25 peak (7879.93) unfolded as an impulsive Elliott Wave structure and ended wave ((A)) at 7290. The internal of wave ((A)) unfolded as a 5 waves impulse.…
Soybean at Risk of Further Selloff as Trade War Escalates
Summary The months-long trade negotiation between the U.S and China has failed to reach an agreement. Sticking points of the negotiation centers around intellectual property and technology transfer. The two…
Elliott Wave View: Rally in Netflix Expected to Fail
Elliott Wave view on Netflix (NFLX) shows an impulsive structure from May 2 peak ($386.26) . The move lower from May 2 ended wave 1 at $342.5. Internal of wave 1…
Elliott Wave View Calling for More Downside in Oil
Elliott Wave view on Oil (CL_F) suggests a 5 waves decline from April 22 peak ($66.6) which ended wave (1) at $60.04. In the chart below, we can see wave…
Elliott Wave View: Downside Pressure in USDJPY
Short Term Elliott Wave is calling for an impulsive move in USDJPY from April 25, 2019 peak. Down from 112.4, wave ((i)) ended at 111.36 and wave ((ii)) ended at…
Elliott Wave View: Impulsive Decline in Nikkei
Our Elliott Wave view on Nikkei suggests the rally to May 4, 2019 high (22505) ended wave w. This ended cycle from December 26, 2018 low and the Index is…
Trade Negotiation in Jeopardy After China Reneged its Commitment
Summary The odds of trade war escalation rises after Trump sent a pair of tweets threatening to increase tariffs to Chinese goods. If there is no deal by this Friday,…
Elliott Wave View: Bitcoin Extending Higher in Wave 5
Rally in Bitcoin from December 15, 2018 appears to take the form of an impulse Elliott Wave structure. In the 1 hour chart below, we can see wave (3) of…
The Federal Reserve On Hold Despite Pressure to Cut
Summary The Federal Reserve shows no bias to hike nor cut interest rate. Fed Chairman Jerome Powell believes subdued inflation is "transitory". U.S. stocks fell and the Dollar strengthens as…
