trading setups Archives - Page 14 of 19

Natural Gas Bouncing From Elliott Wave Blue Box Area

December 10, 2024 By Hassan Sheikh

In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of the Natural Gas futures ticker symbol: $NG_F. The rally from the 28 August 2024 low showed a higher high sequence & provided a short-term opportunity at the blue box area. In this case, the pullback managed to reach the Elliott wave blue box area & bounce higher. So, we advised members not to sell Natural Gas but to buy the blue box area for a minimum reaction higher to happen. We will explain the structure & forecast below:

Natural Gas 1-Hour Elliott Wave Chart From 12.04.2024

Here’s the 1-hour Elliott wave Chart from the 12.04.2024 New York update. In which, the rally to $3.563 high ended wave 1 & made a pullback in wave 2. The internals of that pullback unfolded as Elliott wave double three structure where wave ((w)) ended at $3.071 low. A short-term bounce to $3.500 high then ended wave ((x)) & started the next leg lower in wave ((y)) towards $3.009- $2.705 equal legs area. From there, buyers were expected to appear looking for new highs ideally or for a 3-wave bounce minimum.

Natural Gas Latest 1-Hour Elliott Wave Chart From 12.10.2024

Above is the Latest 1-hour Elliott Wave Chart from the 12.10.2024 London update. In which the Natural Gas is showing a perfect reaction higher taking place from the equal legs area. Right after ending the double correction. Allowed members to create a risk-free position shortly after taking a long position. But a break above $3.563 high is needed to confirm the next leg higher minimum towards the $4.336- $4.658 area & avoid deeper correction lower.

If you are looking for real-time analysis in Natural Gas along with the other commodities then join us with a 14-Day Trial for the latest updates & price action.

Success in trading requires proper risk and money management as well as an understanding of Elliott Wave theory, cycle analysis, and correlation. We have developed a very good trading strategy that defines the entry.

Stop loss and take profit levels with high accuracy and allow you to take a risk-free position, shortly after taking it by protecting your wallet. If you want to learn all about it and become a professional trader. Then join our service by taking a Trial.

GOLD (XAUUSD) Found Buyers After Elliott Wave Zig Zag Pattern

December 5, 2024 By EWF Vlada

Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of GOLD (XAUUSD), published in members area of the website. As our members know the pair is showing impulsive bullish sequences in the cycle from the 2537.3 low. Consequently , we were calling for the further rally in the commodity. Recently GOLD made a pull back that has had a form of Elliott Wave Zig Zag pattern. In the further text we are going to explain the Elliott Wave Pattern and the forecast

Before we take a look at the real market example, let’s explain Elliott Wave Zigzag.

Elliott Wave Zigzag is the most popular corrective pattern in Elliott Wave theory . It’s made of 3 swings which have 5-3-5 inner structure. Inner swings are labeled as A,B,C where A =5 waves, B=3 waves and C=5 waves. That means A and C can be either impulsive waves or diagonals. (Leading Diagonal in case of wave A or Ending in case of wave C) . Waves A and C must meet all conditions of being 5 wave structure, such as: having RSI divergency between wave subdivisions, ideal Fibonacci extensions and ideal retracements.

If you are new to Elliott Wave we recommend you to check out our Free Elliott Wave Educational Web Page and download our Free Elliott Wave Book.

At the chart below we can see what Elliott Wave Zig Zag pattern looks like in real market.

GOLD H1 London Update 11.26.2024

GOLD ended cycle from the 2538 low as 5 waves structure. The commodity has given us pull back against the 2538 low that unfolded as Zig Zag pattern. Extreme zone has been already reached at 2626.04-2586.8 ( buying zone) We don’t recommend selling the commodity and expect further rally to resume from the marked area.

Reminder : You can learn more about Zig Zag and other Elliott Wave Patterns at our Free Elliott Wave Educational Web Page.

GOLD H1 London Update 10.24.2023

The commodity has given us nice reaction from the marked extreme zone. Now, as far as the price holds above 2606 low, we can have correction completed and see the further strength. We need to see break above (1) blue – 11.22 high to confirm next leg up is in progress.

Keep in mind that market is dynamic and presented view could have changed in the mean time. You can check most recent updates in the membership area of the website. Remember that not every chart is trading recommendation. Best instruments to trade are those having incomplete bullish or bearish swings sequences. We put them in Sequence Report and best among them are shown in the Live Trading Room. You can check most recent charts in the membership area of the site.

Elliott Wave Forecast

Thank you for exploring our analysis of GOLD with us. While we provide insights on 78 instruments, it’s important to note that not every chart is a trading recommendation. For our official trading recommendations, join us in our Live Trading Room where we provide actionable insights in real-time. If you’re not yet a member, take advantage of our 14-Day Trial now to access new trading opportunities.

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XLY Responding Higher From The Elliott Wave Blue Box Area

November 19, 2024 By Hassan Sheikh

In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of XLY We presented to members at the elliottwave-forecast. In which, the rally from the 23 October 2024 low unfolded as an impulse structure. Also showed a higher high sequence with a bullish sequence stamp. Suggested that ETF should see more upside extension to complete the impulse sequence. Therefore, we advised members not to sell the ETF & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below:

XLY 1-Hour Elliott Wave Chart From 11.15.2024

Here’s the 1-hour Elliott wave chart from the 11.15.2024 Midday update. In which, the short-term cycle from the 10.31.2024 low ended in wave 3 as impulse at $220.39 high. Down from there, the ETF made a pullback in wave 4 to correct that cycle. The internals of that pullback unfolded as Elliott wave double three structure where wave ((w)) ended at $215.75 low. Wave ((x)) bounce ended at $219.54 high. Then wave ((y)) managed to reach the blue box area at $214.89- $212.02. From there, buyers were expected to appear looking for the next leg higher or for a 3 wave bounce minimum.

XLY Latest 1-Hour Elliott Wave Chart From 11.19.2024

This is the latest 1-hour Elliott wave Chart from the 11.19.2024 Post-Market update. In which the ETF is showing a reaction higher taking place, right after ending the double correction within the blue box area. Allowed members to create a risk-free position shortly after taking the long position at the blue box area. However, a break above $220.39 high is yet to be seen to confirm the next extension higher in wave 5 towards minimum extension target at $222.30- $225.35.

If you are looking for real-time analysis in XLY along with the other Stocks & ETFs then join us with a 14-Day Trial for the latest updates & price action.

QQQ Produced Perfect Reaction Higher From Blue Box Area

October 29, 2024 By Hassan Sheikh

In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of QQQ. We presented to members at the elliottwave-forecast. In which, the rally from the 05 August 2024 low unfolded as an impulse structure and showed a higher high sequence. Suggested that ETF should see more upside extension to complete the impulse sequence. Therefore, we advised members not to sell the ETF & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below:

QQQ 1-Hour Elliott Wave Chart From 10.23.2024

Here’s the 1-hour Elliott wave chart from the 10.23.2024 Midday update. In which, the short-term cycle from the 10.01.2024 low ended in wave ((i)) as impulse at $498.83 high. Down from there, the ETF made a pullback in wave ((ii)) to correct that cycle. The internals of that pullback unfolded as Elliott wave zigzag structure where wave (a) ended at $487.57 low. Wave (b) bounce ended at $497.44 high and wave (c) managed to reach the blue box area at $486.19- $479.21. From there, buyers were expected to appear looking for the next leg higher or for a 3 wave bounce minimum.

QQQ Latest 1-Hour Elliott Wave Chart From 10.29.2024

This is the latest 1-hour Elliott wave Chart from the 10.29.2024 Post-Market update. In which the ETF is showing a reaction higher taking place, right after ending the zigzag correction within the blue box area. Allowed members to create a risk-free position shortly after taking the long position at the blue box area. Since then the ETF has managed to make a new high above $498.83 high confirming the next extension higher towards $506.53- $519.81 area before profit taking & a pullback happens in another 3 swings at least.

If you are looking for real-time analysis in QQQ along with the other Stocks & ETFs then join us with a 14-Day Trial for the latest updates & price action.

NASDAQ Futures (NQ_F) Forecasting the Rally From the Equal Legs Zone

October 28, 2024 By EWF Vlada

Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of NASDAQ Futures (NQ_F) published in members area of the website. Our members know NQ_F is showing impulsive bullish sequences and we are favoring the long side. In this discussion, we’ll break down the Elliott Wave pattern and forecast.

NASDAQ Elliott Wave 1 Hour Chart 10.23.2024

NASDAQ is giving us wave ((ii)) black correction. The futures has reached extreme zone from the peak at 20129- 19837 area. NQ_F shows clear 3 waves from the high, suggesting pull back could be ending any moment. Consequently , we expect rally in wave ((iii)) to happen any moment. We recommend members to avoid selling the futures and keep favoring the long side. As the main trend is bullish we expect to see rally toward new highs ideally or 3 waves bounce from the equal legs alternatively.

Official trading strategy on How to trade 3, 7, or 11 swing and equal leg is explained in details in Educational Video, available for members viewing inside the membership area.

NASDAQ Elliott Wave 1 Hour Chart 10.23.2024

NASDAQ responded exactly as anticipated at the equal legs. The futures found buyers and made a substantial rally from our recommended buying zone. Eventually we got break of ((i)) black peak , confirming next leg up is in progress. The futures should ideally keep finding buyers in 3,7,11 swings sequences against the 20077.5 pivot.

Keep in mind that market is dynamic and presented view could have changed in the mean time. You can check most recent charts in the membership area of the site. Best instruments to trade are those having incomplete bullish or bearish swings sequences. We put them in Sequence Report and best among them are shown in the Live Trading Room

Join us today !

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OIL (CL_F) Selling the Rallies at the Blue Box Area

October 21, 2024 By EWF Vlada

Hello fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of OIL Futures CL_F published in members area of the website. As our members know the commodity has been showing incomplete sequences in the cycle from the 94.63 peak. Recently OIL has given us the recovery that reached our selling zone. The commodity found sellers right at the Blue Box area and made the decline as expected. In the further text we are going to explain the Elliott Wave Forecast and trading strategy.

OIL Elliott Wave H4 Chart 10.05.2024

The commodity is giving us clear 3 waves correction , forming Elliott Wave Zig Zag Pattern. The price has already reached the extreme zone at 74.35-78.91 (Blue Box – sellers zone). We don’t recommend buying OIL and prefer the short side from the blue box zone. As the main trend is bearish, we expect to see at least 3 waves pullback from our selling zone. Once the decline reaches 50 Fibs against the (b) blue low, we will make the short position risk-free (put SL at BE) and take partial profits.

Quick reminder:

Our charts are easy to trade and understand:
Red bearish stamp+ blue box = Selling Setup
Green bullish stamp+ blue box = Buying Setup
Charts with Black stamps are not tradable. 🚫

You can learn more about Elliott Wave Patterns at our Free Elliott Wave Educational Web Page.

OIL Elliott Wave H4 Chart 10.17.2024

The commodity found sellers at the Blue Box area: 74.35-78.91. We are receiving a good reaction from the selling zone. The decline made has reached and exceeded 50 Fibs against the (b) blued low. So, members who took the short trade are currently enjoying profits in risk-free positions.

Elliott Wave Forecast

Thank you for exploring our Trading Setup of OIL with us. While we provide insights on 78 instruments, it’s important to note that not every chart is a trading recommendation. For our official trading recommendations, join us in our Live Trading Room where we provide actionable insights in real-time. If you’re not yet a member, take advantage of our 14-Day Trial now to access new trading opportunities.

Join us today !

📈 Elevate your trading with Elliott Wave Forecast!

🔍 Explore our expert insights and real-time analysis covering Forex, Indices, Commodities, Cryptocurrencies, Stocks, and ETFs across 78 instruments.

📊 Gain exclusive access to our Official Trading Recommendations in the Live Trading Room, where seasoned experts provide valuable insights and guidance on new trading opportunities.

👉 Ready to take the next step? Sign up now and seize the opportunity to enhance your trading performance. Click here to start your Trial today!