ES_F Short-term Elliott wave analysis suggests that the pullback to $2803.15 ended Minor wave 2 pullback. Up from there, the index has rallied higher into new highs confirming that Minor wave 3 has started. The internals of that rally higher is unfolding as impulse structure with the sub-division of 5 waves structure in the lesser […]

S&P500 E-Mini Futures ticker symbol: $ES_F Elliott wave view suggests that the pullback to $2803.34 low ended Minor wave 2. Up from there, the rally higher to $2917.50 high ended Minute wave ((i)). The internals of that rally higher unfolded as impulse structure with the sub-division of 5 waves structure in it’s each leg higher […]

FTSE short-term Elliott Wave view suggests that the rally to 7790.17 high ended intermediate wave (X) bounce. Down from there, intermediate wave (Y) remains in progress with instrument showing a lower low sequence. The internals of that leg lower is taking place as double correction lower due to overlapping price action happening from 7790.17 high […]

The Elliott Wave Theory, as many traders know, was developed in the 1930′ and the main pattern is the 5 waves structure followed by 3 waves pullback. The Theory was developed based on The Dow Jones Index. Nowadays the Theory is used by traders to forecast any type of instruments like Stocks, Indices, Commodities, and Forex. In […]