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Elliott Wave Journal: Market Structure, Trends & Trade Ideas
Professional Elliott Wave insights, charts, and forecasts to guide your trading decisions.
GBPJPY Looking to Extend Higher in Impulsive Structure
Cycle from 12.14.2023 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 12.14.2023 low, wave (1) ended at 188.93 and pullback in wave (2) ended…
Nikkei Trading In An Impulse Sequence Favor Continuation Higher
The Short-Term Elliott Wave view in Nikkei (NKD_F) suggests that the rally from the 04 October 2023 low is unfolding in an impulse sequence favoring more upside to take place. In which…
Silver (XAGUSD) Looking to Extend Lower in Sideways Price Action
Short Term Elliott Wave view in Silver (XAGUSD) suggests that the metal has traded sideways since the low in August 2022. The short term 1 hour chart below shows the…
Oil (CL_F) Rally May Fail for More Downside
Short Term Elliott Wave view in Oil suggests that rally from 12.13.2023 low is unfolding as a double three Elliott Wave structure. Up from 12.13.2023 low, wave ((a)) ended at…
Bitcoin (BTCUSD) Looking to Extend Higher
Short Term Elliott Wave view in Bitcoin (BTCUSD) suggests the rally to 49500 on January 11, 2024 ended wave (3). Pullback in wave (4) is proposed complete at 38503.8 as…
DAX Near Term Support Area
Short Term Elliott Wave view in DAX suggests the rally from 10.23.2023 low is unfolding as a 5 waves impulse. Up from 10.23.2023 low, wave 1 ended at 17003.28. Wave…
Nikkei (NKD_F) Looking for Further Downside Correction
Short Term Elliott Wave view in Nikkei (NKD_F) suggests that rally to 37014 ended wave 3. Wave 4 pullback is currently in progress as a double three Elliott Wave structure.…
USDCAD Rally Likely Fail in 3, 7, 11 Swing
Short Term Elliott Wave view in USDCAD suggests that rally to 1.354 ended wave (B). Pair has since turned lower in wave (C). However, confirmation is needed to validate this…
QQQ Looking to Complete 5 Waves Rally
Short Term Elliott Wave view in QQQ suggests that rally from 1.5.2024 low is in progress as a 5 waves impulse structure. Up from 1.5.2024 low, wave ((i)) ended at…
