DJIA Elliott Wave View: Marching higher

$ INDU 6020170220211613

Short term Elliott wave view in DJIA (Dow Jones Industrial Average) suggests that the rally from 1/19 low is unfolding as a 5 waves Elliott wave impulse structure where Minute wave ((i)) ended at 20125.28, Minute wave ((ii)) ended at 19784.7, and Minute wave ((iii)) remains in progress. Internal of wave ((iii)) shows an extension and subdivided also as an impulse structure where Minuette wave (i) ended at 20155.3, Minuette wave (ii) ended at 20015.3, Minuette wave (iii) ended at 20639.8 and … [Read more...]

DeutscheBank Elliott Wave Analysis Still Calling Higher

DeutscheBank Daily 02/21/2017

In September 2016 , the media was calling for the collapse of DeutscheBank as its shares were dropping to new all time lows and Investors were worried about another financial crisis . However in our previous article , we were expecting a recovery for Deutsche Bank stock as the technical picture was pointing to an ending diagonal taking place to finish at least the cycle from 03/14/2016 peak and start a short term bounce . In the recent 4 months , DeutscheBank stock (DB:NYSE) managed to do an … [Read more...]

ASX ($XJO): Showing 5 waves up from 2/7

$XAO-ASX 6020170219042015

In this Technical blog we are going to take a quick look at ASX ($XJO-ASX) All ordinary from Australia cycle from February 2017 lows, here's the short review of previous blog from February 1, in which the index was showing 5 swings corrective sequence from January 09,2017 peak & we were looking for 1 more leg lower at our blue box buying area. But then index broke the 1 hour invalidation level & truncated the last leg lower. Since then index has rallied significantly & broke to new … [Read more...]

Silver Elliott Wave view: Extending higher

2XAG 6020170216211414

Preferred Elliott wave view in Silver suggest that the metal is showing a 7 swing Elliott wave bullish sequence (WXY) from 12/20 lows. Cycle from 1/27 low is also incomplete & favors more upside extension towards 18.31-18.71 area to reach the extreme from 12/20 lows. Near term, the pullback in Minute wave ((x)) ended in 3 swings at 17.22 low. Up from there, Minutte wave (w) ended at 18 as an Elliott wave zigzag structure (5-3-5) and Minutte wave (x) pullback is proposed complete at 17.71 as … [Read more...]

Silver Elliott wave view: Looking higher

2XAG 6020170215212913

Preferred Elliott wave view in Silver suggest that the metal is showing a 7 swing Elliott wave bullish sequence (WXY) from 12/20 lows. Cycle from 1/27 low is also incomplete & favors more upside extension towards 18.31-18.71 area to reach the extreme from 12/20 lows. Near term, the pullback in Minute wave ((x)) ended in 3 swings at 17.22 low. Up from there, Minutte wave (x) ended at 18 as an Elliott wave zigzag structure (5-3-5) and Minutte wave (x) pullback is proposed complete at 17.75 as … [Read more...]

Silver Elliott wave view: Resuming higher

2XAG 6020170214211143

Preferred Elliott wave view in Silver suggest that the metal is showing the 7 swings bullish sequence from 12/20 lows, Also the cycle from 1/27 low is incomplete & favoring more upside extension towards 18.31-18.71 area to reach the extreme from 12/20 lows. Silver short term the pullback in minute wave ((x)) ended in 3 swings at 17.22 low. Up from there cycle ended in 3 swings as zigzag structure (5,3,5) at 17.985 in minutte wave (w), where within that cycle minutte wave (a) ended at 17.84 … [Read more...]