In this technical blog we’re going to take a quick look at the Elliott Wave charts of Dow Futures (YM_F) published in members area of the website. As our members knew, we’ve been favoring the long side in YM_F due to it having an incomplete bullish sequence against 3.23.2022 low. Moreover, Indices like FTSE are also showing […]
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Elliott Wave View: Amazon Shares Price Recovers
Read MoreAmazon (ticker: AMZN) shares price has recovered most of the losses due to the weak earnings. Short Term Elliott Wave view suggests the drop to $1617.71 ended wave II. This drop has ended the entire correction which started from July 11, 2019 high. The stock has started to rally and the move higher from $1617.71 […]
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Bank Of America ( $BAC ) Forecasting The Rally From The Blue Box
Read MoreHello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of Bank Of America ( $BAC ). As our members know BAC made 5 waves up in the cycle from the 26.01 low . The Stock was expected to find buyers in 3,7,11 swings against the […]
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JP Morgen (JPM) Stock Completed Significant Breakout
Read MoreHello fellow traders. In today’s technical blog, we will have a look at the JP Morgan (JPM) stock. JPM has been in a big consolidation between 2018 and 2019. The stock was ranging from 91.45 low and 120.05 peak. It was just a matter of time that JPM would break out this range and start the […]
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Elliott Wave View: Tesla Starts Impulse Rally
Read MoreTesla soars as the company reported better than expected earnings. This article and video looks at the Elliott Wave path of the stock.
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Citigroup (NYSE: C) Impulsive Rally Extending for Year-End
Read MoreCitigroup (NYSE: C) is currently up $34 year-to-date and the stock is still aiming for further gains before year-end as the financial sector continues the recovery from last year correction. The recent impulsive rally from 10.03.2019 low allowed the stock to break above September 2019 peak which opened a bullish sequence from August low and […]
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Elliott Wave View: Netflix Looking to Resume Lower
Read MoreShort Term Elliott Wave view on Netflix (Ticker: NFLX) suggests that the spike to $318.79 on October 17, 2019 ended wave ((4)). Internal subdivision of wave ((4)) unfolded as a zigzag Elliott Wave structure where wave (A) ended at 288.17, wave (B) ended at 265, and wave (C) ended at 318.79. Since then, the stock […]