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Elliott Wave Journal: Market Structure, Trends & Trade Ideas
Professional Elliott Wave insights, charts, and forecasts to guide your trading decisions.
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…
Elliott Wave View: FTSE Rally Expected to Turn Lower
FTSE Index shows a bearish sequence from 4.21.2023 high favoring further downside. The decline from 4.21.2023 high is currently unfolding as a double three Elliott Wave structure. Down from 4.21.2023…
GBPUSD Has Scope to Extend lower in Zigzag Correction
Short Term Elliott Wave view suggests decline from 7.14.2023 high is in progress as a zigzag structure. Down from 7.14.2023 high, wave (i) ended at 1.2797 and wave (ii) rally…
EURJPY Correcting in 7 Swing Within Bullish Trend
Short Term Elliott Wave view suggests cycle from 7.28.2023 low ended with wave 1 at 159.4 in 5 waves impulse. Up from 7.28.2023 low, wave ((i)) ended at 157.49 and…
Apple (AAPL) 3 Waves Corrective Rally in Progress
Short Term Elliott Wave view in Apple (AAPL) suggests the decline from 7.20.2023 high ended at 171.74 as wave a. The internal subdivision of wave a unfolded as a 5…
Dow Futures (YM_F) Looking for Corrective Rally Soon
Short Term Elliott Wave view in Dow Futures (YM_F) suggests that cycle from 7.27.2023 high is mature and about to complete soon as 5 waves impulse. Down from 7.27.2023 high,…
SPY Likely to Extend Correction in Double Three Structure
Short Term Elliott Wave view in S&P 500 ETF (SPY) suggests the decline from 7.27.2023 high is in progress as a double three Elliott Wave structure. Down from 7.27.2023 high,…
