One of the well known facts of the market are correlations between instruments. However that rule does not apply every time in every instrument. Here at Elliott Wave Forecast we call a first degree correlation when 2 instruments move together according to how they are related. For example everyone knows that if the USDX is […]

Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of CHFJPY published in members area of the website.  Recently the pair made short term recovery against the 148.53 8 peak that has unfolded as Elliott Wave Double Three Pattern.  It made clear 7 swings from […]

Hello fellow traders.  In this technical blog we’re going to take a quick look at the Elliott Wave charts of OIL Futures ( $CL_F).  As our members know, OIL has already reached the extremes from the March 2022 peak at 86.29-63.36 area. The commodity made reaction from there. However shortly after we got break of Sep […]

In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of NASDAQ ticker symbol: $NQ_F. In which, the decline from 13 December 2022 high ended 5 waves in an impulse sequence and showed a lower low sequence in a lower time frame charts. Therefore, we knew that the […]

Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of EURJPY published in members area of the website.  As our members know EURJPY forex pair ended the cycle from the August low at 148.38 peak and now giving as correction. Recently EURJPY made short term […]

Hello fellow traders.  In this technical article we’re going to take a look at the Elliott Wave charts of NIKE $NKE stock ,  presented in members area of the of our website.  As our members know, NIKE has been showing higher high bullish sequences in the cycle from the 82.14 low.  Consequently , we recommended […]