IBEX short-term Elliott wave view suggests that a rally to 9668.31 high ended intermediate wave (X) bounce. Down from there, the index made a declined in 5 waves impulse structure. And ended Minor wave A of a zigzag structure at 8850.20 low. Where the lesser degree Minute wave ((i)) ended at 9471.20 low. Up from […]

In this Technical blog we’re going to take a quick look at the past Elliott Wave chart of IBEX chart from March 22,2017, which were presented to the clients at elliottwave-forecast.com. We are going to explain the structure & see how the index continued the rally afterwards. IBEX 1 Hour March 22 London Updated Chart Above […]

Short term Elliottwave structure suggests rally to 9218.68 ended wave ((4)) and the Index has resumed lower. Down from 9218.68, wave W ended at 8753. Wave X bounce is currently in progress as a double correction where wave ((w)) ended at 8960.7, and while wave ((x)) pullback stays above 8753, the Index has scope to do […]

Short term Elliottwave structure suggests rally to 9218.68 ended wave ((4)) and the Index has resumed lower. Wave W decline from 9218.68 is unfolding as a double correction where wave ((w)) ended at 8783.4, wave ((x)) ended at 9138.8, and wave ((y)) of W is in progress towards 8675.32 – 8745.94 area. Once wave W is complete, […]

Short term Elliottwave structure suggests rally to 9218.68 ended wave ((4)) and the Index has resumed lower. Wave W decline from 9218.68 is unfolding as a double correction where wave ((w)) ended at 8783.4, wave ((x)) ended at 9138.8, and wave ((y)) of W is in progress towards 8676.12 – 8746.74 area. Once wave W is complete, […]