EWFHendra

By EWFHendra    March 21, 2023    - 2 min read

Chevron ($CVX) in Expanded Flat Elliott Wave Correction

Chevron Corporation (CVX) is an American multinational energy company. It is the second largest oil company in the United States and has operation in more than 180 countries. Chevron is…

By EWFHendra    March 21, 2023    - 1 min read

Rally in $SPX Expected to Fail According to Elliott Wave

S&P 500 (SPX) rally from 10.13.2022 low was in 3 swing and ended wave (2) at 4194.16 as the 1 hour chart below shows. Wave (3) lower is now in…

By EWFHendra    March 17, 2023    - 1 min read

Bullish Elliott Wave Outlook in Gold (XAUUSD)

Gold (XAUUSD) ended wave (4) at 1803.84. From here, it rallies as a 5 waves impulse Elliott Wave structure. Up from wave (4), wave ((i)) ended at 1858.33 and pullback…

By EWFHendra    March 16, 2023    - 1 min read

Further Downside in DAX Impulsive Elliott Wave Decline

DAX ended cycle from 9.28.2022 low in wave ((1)) at 15707.61 with internal subdivision as 5 waves. Index is now correcting that cycle within wave ((2)) in larger degree 3,…

By EWFHendra    March 15, 2023    - 2 min read

Bank of America (BAC) Shows Bearish Elliott Wave Sequence

Bank of America (BAC) shows a lower low bearish sequence from 1.10.2022 high favoring further downside in the stock. Near term, cycle from 2.8.2023 high is in progress as a…

By EWFHendra    March 14, 2023    - 2 min read

Impulsive Elliott Wave Decline in FTSE Calling More Downside

FTSE ended cycle from 3.16.2020 low with wave I at 8047.06. The Index is now in the process of correcting this 3 year rally in wave II. The internal subdivision…

By EWFHendra    March 14, 2023    - 2 min read

Gold Miners Junior ($GDXJ) Should Resume Higher in 2023

Gold Miners Junior (ticker: GDXJ) should finish the correction to the cycle from September 2022 low sometimes this year and resumes higher. At this stage, there's still no strong confirmation…

By EWFHendra    March 10, 2023    - 2 min read

Five Waves Elliott Wave Structure in Dow Futures (YM)

Cycle from 12.13.2022 high in Dow Futures (YM) shows a 5 swing sequence favoring follow up to the downside. Structure of the move lower from 12.13.2022 high is unfolding as…

By EWFHendra    March 9, 2023    - 2 min read

Elliott Wave Perspective Favors Further Upside in Apple (AAPL)

Cycle from 1.4.2023 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 1.4.2023 low, wave ((1)) ended at 157.38 and pullback in wave ((2)) ended…