EWFHendra
Short Term Elliott Wave Outlook in SPX Favors More Upside
Rally from 10.13.2022 low in SPX is in progress as a nesting impulse. Up from 10.13.2022 low, wave (1) ended at 4100.51 and dips in wave (2) ended at 3764.49.…
Platinum (PL) Ended Correction and Resumes Higher
In our last blog from December 2022, we wrote that Platinum is ready to rally in 2023 after a 3 waves pullback. Fast forward 3 months later, the pullback has…
Elliott Wave View: Sideways Price Action in Oil (CL) May Resolve to the Upside
Cycle from 12.9.2022 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 12.9.2022 low, wave 1 ended at 82.64 and pullback in wave 2 ended…
Tesla (TSLA) Near Support Level According to Elliott Wave
Tesla ended cycle from 1.6.2023 low at 217.82. We labelled this rally as wave ((1)) as the 45 minutes chart below shows. Internal subdivision of wave ((1)) unfolded as a…
NIFTY Elliott Wave Sequence Suggests Further Downside
Nifty shows an incomplete bearish sequence from 12.1.2022 high favoring further downside. The decline from 12.1.2022 high is unfolding as a double three Elliott Wave structure. Down from 12.1.2022 high,…
Elliott Wave View: Alphabet ($GOOGL) May Find Support Soon
Alphabet (GOOGL) cycle from 1.6.2023 low ended as a 5 waves impulse with wave ((1)) at $107.85. Pullback in wave ((2)) is in progress as a zigzag Elliott Wave structure.…
Pan American Silver (PAAS) Pullback in Progress
Silver (XAGUSD) is currently correcting cycle from 9.1.2022 low. Unsurprisingly, silver miners also see the same pullback. For Pan American Silver (PAAS), the pullback is still ongoing to correct cycle…
Elliott Wave Projects Russell (RTY) Should Resume Higher
Cycle from 12.20.2022 low in Russell (RTY) ended with wave 1 at 2016.97 as a 5 waves impulse structure. The Index then pullback in wave 2. Subdivision of wave 2…
Elliott Wave Suggests Gold (XAUUSD) Still Has Scope to Extend Lower
Since forming the low on September 28, 2022, Gold has rallied and the structure of the rally from 2022 low looks impulsive. It ended the rally on 2.2.2023 high at…
