The Bovespa Index Long Term Bullish Trend and Cycles The Bovespa Index has been trending higher with other world indices. Since inception the cycles have shown a bullish trend. In early years not seen on this chart it rallied with other world indices trending higher into the May 2008 highs. It then corrected the whole bullish cycle […]

Simplifying Elliott Wave Analysis for Traders One of our goals at Elliottwave-Forecast is to figure out the best way to present Elliott Wave charts in such a way that non-technical traders can easily understand our view and know what they need to do. To this end, we implement the Right Side Tag and Blue Boxes […]

Oil ticker symbol: CL_F short-term Elliott wave analysis suggests that the bounce to $70.44 high ended intermediate wave (2). The internals of that bounce took place as Elliott wave double correction where Minor wave W ended in 3 swings at $69.92. From there, the pullback to $68.26 completed the Minor wave X  in 3 swings. […]

USDSEK short-term Elliott Wave view suggests that the decline to 8.7345 low ended Minute wave ((ii)) pullback. The internals of that pullback unfolded as Elliott wave Zigzag correction where Minutte wave (a) ended in 5 waves structure at 8.7377 low. Then the bounce to 8.8687 high ended Minutte wave (b) bounce in swings. The decline […]