Brent Crude (BZ) Still Looking for Bottoming Sign
Brent Crude (BZ) is the leading global price benchmark for Atlantic basin crude oils. It is used to set the price of two-thirds of the world's internationally traded crude oil supplies.…
Elliott Wave Impulse Decline in Exxon Mobil ($XOM) Suggests Further Downside
Short term Elliott Wave view in Exxon Mobil (ticker: $XOM) suggests that the decline from 4.28.2023 high took the form of a 5 waves impulse. Down from 4.28.2023 high, wave…
Elliott Wave Suggests Short Term Bullish Outlook in GBPJPY
Cycle from 1.3.2023 low is in progress as a 5 waves impulsive Elliott Wave structure. Short Term Elliott Wave Chart below shows that wave (2) ended at 165.4 and pair…
Elliott Wave Forecast: $USDCHF Rally Should Fail for More Downside
The 45 minutes chart below shows $USDCHF ended wave 1 at 0.885 and rally in wave 2 ended at 0.899. Internal subdivision of wave 2 unfolded as a double three…
Russell 2000 (RTY) Looking to Break Lower
Russell 2000 (RTY) Cycle from 4.3.2023 high is in progress as a 5 waves diagonal. Down from 4.3.2023 high, wave (i) ended at 1752.7 and rally in wave (ii) ended…
Ethereum (ETHUSD) Has Scope to Correct Further from Elliott Wave Perspective
Ethereum (ETHUSD) ended cycle from 3.10.2023 low with wave 1 at 2140.9 as the 1 hour chart below shows. The crypto-currency is now correcting cycle from 3.10.2023 low in wave…
Wells Fargo & Company (WFC) Sequence Remains Bearish
With the recent failure in Silicon Valley Bank and First Republic Bank, we will take a look at the U.S. banking sectors. In this article, we will update the long…
Elliott Wave View Suggests Silver (XAGUSD) Correction Still Ongoing
Silver (XAGUSD) ended cycle from 3.10.2023 with wave 1 at 26.08 as the 45 minutes chart below shows. The metal is now correcting cycle from 3.10.2023 low in wave 2.…
Nasdaq 100 ETF (QQQ) Resumes Higher in Elliott Wave Impulse
Cycle from 3.13.2023 low in QQQ ended in wave ((i)) at 322.16 as the 45 minutes chart below shows. The ETF then corrected in wave ((ii)) which has also ended…