Gold Elliott wave Zigzag pattern

2XAU 6020170224214206

In this Technical blog, we are going to take a quick look at the Gold 1 hour chart from Feb 21,2017. In which the bounce from 2/15/2017 low (1216) appeared to be in 5 waves sequence & the bounce was impulsive rather then corrective sequence. Thus suggesting the cycle from 1216 low could be following the Elliott wave Zig-zag pattern. Where the cycle from 1216 low ended at 1242 that we have labelled as wave (a) of the possible zig-zag pattern.  According to Elliott wave theory Zigzag is a 3 … [Read more...]

Elliott Wave Structures and Fibonacci Ratio Seminar

Elliott Wave Webinar

Elliott Wave Structures are part of Elliott Wave Theory which is a form of technical analysis to analyze financial market cycles and forecast trends. It is named after Ralph Nelson Elliott (1871 – 1948). Inspired by the Dow Theory and by observations found throughout nature. Elliott concluded that the movement of the stock market could be predicted by observing and identifying a repetitive pattern of waves. Elliott noted from his observation that movement in the direction of the trend is … [Read more...]

$INTL INTL Fcstone Inc Daily Elliott Wave Analysis

INTL Daily Elliott Wave Analysis

This is a daily Elliott Wave analysis of the aforementioned company. Firstly I will mention some of the company's past history and merger. INTL Fcstone Inc is a Fortune 500 financial services industry firm listed on the Nasdaq exchange. The company has offices worldwide and is headquartered in New York City, NY in the United States of America. This company was founded in 1978 and was known as the Farmers Commodities Corporation until 2002. The company went public with a stock offering in 2007. … [Read more...]

USDJPY buying dips after a FLAT correction

USDJPY Elliott Wave forecast

Hello fellow traders. In this technical blog we're going to present another nice trading opportunity of USDJPY and we'll explain the strategy in a few words. The video below is a short capture from the London Live Session 01/05/2017 held by EWF Senior Analyst Daud Bhatti. USDJPY Trading strategy: Our Elliott Wave forecast suggests USDJPY is still within bullish cycle from the 06.24.2016 low. We're favoring the long side and suggesting buying the dips at 115.97-115.34 zone against the 114.34 … [Read more...]

NZDJPY Elliott Waves forecasting the rally & buying the dips

1NZDJPY-1

Hello fellow traders, in this technical blog we're going to take a quick look at the past Elliott Wave charts of NZDJPY to see how we guided our members through this instrument. The chart below is $NZDJPY daily update from  11.07.2016 It's  suggesting we're in the potential pull back X red from the 76.90-78.01 area, before resumes higher again toward target area : 79.81-81.61 Now let's take a look at the short term structures... Since November 08/2016 when the pair broke July 12th peak, … [Read more...]

Facebook Inc potential short-term Elliott Wave scenario

Facebook

Hello fellow traders, in this technical blog we’re going to take a quick look at the short term structure of Facebook’s shares price. Facebook began selling stocks to the public in May 2012, as a part of Nasdaq stock exchange with initial price of $38 per share. Eventyaly, the market developed a strong, 3-year-old bullish trend, where every pull back kept finding buyers at 23%-38.2% Fibonacci retracement area against the all-time lows. Today Facebook is the most popular social networking site … [Read more...]