This article and video explains the short term path of Alibaba. The stock is in the process of ending 5 waves from 12/24/2018 low & still can see another leg higher.

S&P 500 formed a significant high at 2947 on Sept 21, 2018 after a 342% rally in 10 years. During the entire rally from year 2009 low, there was no major correction in the Index, that is until last year. In less than 3 months, the Index has dropped 21.4% from the peak. The Index […]

In this technical blog, we are going to take a look at the past performance of Apple ticker symbol: $AAPL, 1 hour Elliott Wave charts that we presented to our clients. We are going to explain the structure and the forecast below. Apple 1 Hour Elliott Wave Chart From 01/13/2019   Above is the 1 Hour Elliott […]

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 […]