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Elliott Wave Journal: Market Structure, Trends & Trade Ideas
Professional Elliott Wave insights, charts, and forecasts to guide your trading decisions.
Netflix (NFLX) Looking for Double Correction
Netflix (NFLX) decline from 7.20.2023 high is unfolding as a double three Elliott Wave structure. Down from 7.20.2023 high, wave (A) ended at 411.88 and rally in wave (B) ended…
Nasdaq (NQ) 5 Swing Sequence Favors More Upside
Nasdaq (NQ) shows a 5 swing sequence from August 18, 2023 low favoring further upside. 5 swing is a motive sequence and the Index therefore likely extends higher. The rally…
Tesla (TSLA) Impulsive Rally Should Continue Higher
Short term Elliott Wave view suggests rally from August 18, 2023 low is unfolding as a 5 waves impulse. Up from August 18 low, wave 1 ended at 241.55 and…
EURUSD Rally Expected to Fail for More Downside
Short term Elliott Wave view suggests the EURUSD is correcting cycle from 9.28.2022 low in a zigzag structure. Down from 9.28.2022 high, wave A ended at 1.091 and wave B…
Nikkei Futures (NKD) Looking to Extend Higher as an Impulse
Short term Elliott Wave view in Nikkei Futures (NKD) suggests the Index rallies as a 5 waves impulse structure from August 18, 2023 low. Up from August 18, wave ((i))…
Elliott Wave View: DAX Looking to Extend Lower in Double Three
DAX ended cycle from September 28, 2022 low with wave ((1)) at 16528.97 as the 1 hour chart below shows. Index is currently in wave ((2)) pullback to correct the…
USDJPY Looking to Resume Higher in wave 5
Short term view in USDJPY suggests the rally from 7.14.2023 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from 7.14.2023 low, wave (1) ended at 141.95…
GBPJPY Should Extend Lower in Zigzag Correction
Short Term Elliott Wave view in GBPJPY suggests the rally to 186.75 ended wave 1. Pullback in wave 2 is currently in progress as a zigzag Elliott Wave structure. Down…
Gold (XAUUSD) Is at Area Where It Can Pullback
Short Term Elliott Wave structure in Gold (XAUUSD) suggests the drop in Gold on August ended wave A at 1884.16 low. The metal now is extending higher in 3 swings…
