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Elliott Wave Journal: Market Structure, Trends & Trade Ideas
Professional Elliott Wave insights, charts, and forecasts to guide your trading decisions.
Elliott Wave View: Gold Extends Higher
Gold (XAUUSD) shows a higher high sequence from 6.5.2020 low favoring further upside. Up from 6.5.2020 low, the precious metal extended higher in wave 1 as 5 waves impulse Elliott…
Elliott Wave View: Microsoft (MSFT) Cycle from March Low Still In Progress
Microsoft Corporation ( MSFT ) is currently still extending higher from 3.23.2020 low. The stock reached all time high on 6.11.2020 and ended wave ((3)) at 198.52 high. From there,…
Elliott Wave View: EURJPY Can See More Downside
Elliott Wave View in EURJPY suggests the decline from 6.1.2020 high is unfolding as a 5 waves impulse Elliott Wave structure. Down from 6.1.2020 high, wave 1 ended at 120.23…
Elliott Wave View: Bitcoin shows short term impulse up
Bitcoin (BTC/USD) is currently correcting the cycle from 3.13.2020 low. The instrument has just ended cycle from 6.1.2020 high (10429) as a double three structure. Down from 6.1.2020 high, wave…
Elliott Wave View: IBEX Has Turned Lower
IBEX shows an incomplete sequence from November 2007 high and still favors more downside while below 2.19.2020 high (10093). Near term, the Index ended the rally from 3.16.2020 low in…
Elliott Wave View: Oil Ended Cycle from April Low
Oil (CL_F) has just ended cycle from 4.29.2020 low as a 5 waves impulse Elliott Wave structure. Up from 4.29.2020 low, wave 1 ended at 23.4 and pullback in wave…
Elliott Wave View: Silver Has Resumed Higher
Silver (XAGUSD) shows an incomplete sequence from 3.19.2020 low favoring further upside. The cycle has a 100% - 123.6% Fibonacci extension target towards 18.7 - 19.7 which can be the…
Elliott Wave View: Nasdaq Broke to All-Time High
Nasdaq (NQ_F) has made an all-time high suggesting that the Covid-19 correction is over at 6628.75. Index has now resumed higher and short term 30 minutes chart below suggests the…
Elliott Wave View: SPX Should Extend Higher
Incomplete bullish sequence in S&P 500 (SPX) from 3.23.2020 low suggests the Index should stay supported. Up from the Covid-19 selloff low on 3.23.2020, Index has resumed higher as a…
