Silver Elliott wave view: calling higher

2XAG 6020170214032101

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...]

NASDAQ Composite: Elliott Waves calling higher

COMPQ-240-1-25 edited

in this technical blog, we are going to take a quick look at past performance of NASDAQ Composite charts from January 2017, which we presented to the clients at elliottwave-forecast.com. Below is the 4 hour chart from January 18,2017, showing the sequence of higher highs in the index from November 04,2016 lows. Also if we count the swing sequence, we can clearly see that the price action from November lows looks to be in 9 swings or 5 swing sequence, which needed some more upside to reach the … [Read more...]

USDCAD Elliott Wave View: More downside

11USDCAD 6020170209220118

Preferred Elliott wave view in USDCAD suggests that the pair is showing a 5 swing bearish sequence from 12/28 high, favoring more downside. Short term, decline to 1.2965 ended Minor wave W and Minor wave X bounce is proposed complete as a triple three structure where Minute wave ((w)) ended at 1.3102, and Minute wave ((x)) ended at 1.2976. Minute wave ((y)) ended at 1.3135, Minute second wave ((x)) ended at 1.307, and Minute wave ((z)) of X ended at 1.3212. The rally to 1.3212 ended cycle from … [Read more...]

USDCAD Short Term Elliott Wave: Turning Lower

11USDCAD 6020170208221714

Preferred Elliott wave view in USDCAD suggests that the pair is showing a 5 swing bearish sequence from 12/28 high, favoring more downside. Short term, decline to 1.2965 ended Minor wave W and Minor wave X bounce is proposed complete as a triple three structure where Minute wave ((w)) ended at 1.3102, and Minute wave ((x)) ended at 1.2976. Minute wave ((y)) ended at 1.3135, Minute second wave ((x)) ended at 1.307, and Minute wave ((z)) of X ended at 1.3212. Near term, while bounces stay below … [Read more...]

AAPL reached first target area at 128.16-131.34

AAPL 4 Hour Elliott Wave Analysis 1.23.2017

Hello fellow traders. In this technical blog we’re going to take a quick look at the past Elliott Wave charts of Apple ( AAPL) published in members area of www.elliottwave-forecast.com. We’re going to explain the structure and see how we guided our members through this instrument. AAPL 4 Hour update 01.23.2017 Elliott Wave structure is showing incomplete bullish sequences in the cycle from the 11.14 (104.1) low.  We're having 5 swings up from the mentioned level, suggesting more upside while … [Read more...]

Can Disney shares break to new all time highs ?

Disney 01.31 Weekly Scenario 2

Walt Disney Company (NYSE: DIS) is one of the strongest players in the entertainment industry on a global scale and it rewarded its investors by a +255% return over the recent decade , more than twice the S&P 500's 95% total return. The company wrapped up its sixth consecutive year of record-high sales and profits with revenue rising 14% and adjusted earnings per share (EPS) soaring 28% mostly driven by the phenomenal success of its movie "Star Wars: The Force Awakens" .   Although the … [Read more...]