EWFHendra

By EWFHendra    May 10, 2023    - 2 min read

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.…

By EWFHendra    May 10, 2023    - 2 min read

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…

By EWFHendra    May 9, 2023    - 2 min read

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…

By EWFHendra    May 5, 2023    - 2 min read

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…

By EWFHendra    May 4, 2023    - 2 min read

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…

By EWFHendra    May 3, 2023    - 2 min read

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…

By EWFHendra    May 2, 2023    - 2 min read

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…

By EWFHendra    May 2, 2023    - 2 min read

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.…

By EWFHendra    April 28, 2023    - 2 min read

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…