SPX500 cycle from Mid-October low is mature and expected to end soon. Index has met minimum requirements of the structure which makes it even more vulnerable but we don’t like to pick tops or bottoms in Elliottwave-Forecast and the fact that Index provided divergence in RSI with the new low we saw today, we still […]

The year 2014 has come to an end and EWF had an outstanding year forecasting the markets for our members. We have no doubt that 2015 will be another outstanding year. We at EWF understand that nobody can forecast the markets with 100% accuracy and we will never say that we are always right in […]

AUDJPY 12.8.2014 AUDJPY looks like is the 1st Yen pair to end the cycle from Mid-October low among Indices and Yen pairs. Today pair broke below 99.91 area so while below 101.36, pair has scope to test 98.86 – 98.31 area to end the cycle from 102.40 high. After that we would expect a bounce at least […]

Preferred Elliott Wave view suggests price action between 102.40 (11.16) – 99.91 (11.26) was a FLAT structure and completed wave (( w)). FLAT is a 3-3-5 structure in Elliott Wave Theory and this one in particular was an Expanded FLAT. You can learn more about 3 types of FLAT structures here We have seen a 3 […]