Short term Elliott Wave view in FTSE suggests that the decline to 6534.59 ended wave ((A)). Wave ((B)) bounce is in progress as a zigzag Elliott Wave structure. Up from 6534.59, wave (A) ended at 7001.94. The internal of wave (A) unfolded as a 5 waves Impulse Elliott Wave structure. Wave 1 ended at 6752.54, […]

The current price action and Elliott wave analysis suggest further declines for TSLA shares. Not even a full month into the new year TSLA shares have already seen 2 large declines. The first drop was blamed on a pricing adjustments for U.S. vehicles. The 2nd drop is being blamed over layoffs and unappealing guidance. Bearish […]

The Elliott Wave Theory is based on the idea that the market advances in 5 waves and pullback in 3 waves. The idea has become very famous and millions of traders around the world practice it. We at Elliott Wave Forecast have been introducing new ideas to make the theory better. We developed a system […]

Welcome traders, today we look at a couple of 1 hour NIKKEI charts and its price action within 3 consecutive days. The following analysis will show how profitable and efficient it can be to trade with our philosophy and basic Elliott Wave analysis. First of all, we start on January 14 where the right side of […]

APHRIA is a Canadian cannabis company (TSX:APHA) and in November 2018 it was listed in New York Stock Exchange. The company is as a leader in the production of pharmaceutical-grade cannabis and also produces a range of marijuana and cannabis oil products. In 2018, Aphria stock took a big hit with a 75% decline as world stock […]

CGC Canopy Growth Corporation Wave Analysis Firstly I would like to mention the Canopy Growth Corporation stock began trading on the NYSE last year due to legal reasons. That said I am not going to talk about any fundamentals or financials of the stock. I do think the stock is bullish although this view I present […]