Triangles are overlapping five wave affairs that subdivide 3-3-3-3-3. They appear to reflect a balance of forces, causing a sideways movement that is usually associated with decreasing volume and volatility. Triangles fall into four main categories i.e. ascending, descending, contracting, expanding. It is quite common, particularly in contracting triangles, for wave b to exceed the start […]

In today’s video, we take a look at short-term Elliott Wave Structure of Japanese Nikkei 225. Initial move up from 14402 low was in 3 waves which completed wave (( w )). After that Index made a 50% pull back which completed wave (( x )) and has since made a new high to 0.618 […]

Indices reflect human growth and hence have a bullish trend with declines being corrective in one degree or another. That’s why at Elliott Wave Forecast, we keep looking for a bullish path as far as that’s supported in our system. If the pivot gives up, then we look for a correction of a higher degree. […]

We take a look at short-term price action in SPX500. We saw a perfect bounce from equal legs area in ( W ), rejection at 50% retracements, a marginal new low and then a very sharp rebound. Based on 9 swings down from 2019 and marginal new low before rallying impulsively, we think it’s doing a […]

Today, we take a look at structure of the decline in Nikkei futures from 9.25.2014 peak. This decline is unfolding as a ( W )  – ( X ) – ( Y ) structure when ( X ) failed between 50 – 61.8 fib retracement area of ( W ). From the secondary (X ) […]

Here is a quick blog from our Live Trading Room host, Dan Hussey. Take a look at how to manage your risk by using inflection zones and Elliot Wave to your advantage. The Live Trading Room is held daily from 12:00 PM EST until 1:30 PM EST, join Dan there for more insight into these proven […]