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Silver (XAGUSD) Buying the Dips at the Blue Box Area

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In this technical article we’re going to take a quick look at the Elliott Wave charts of Silver (XAGUSD ) commodity , published in members area of the website. As our members know, Silver has recently given us correction against the September 6th low. The commodity reached our target zone and completed correction right at the Equal Legs ( Blue Box Area) . In further text we’re going to explain the Elliott Wave pattern and trading setup.

SILVER H1 Update 09.30.2024

The commodity is giving us wave (iv) blue correction. The pull back has incomplete structure at the moment. Consequently, we are looking for another short term low toward the extreme zone ( Blue Box ).  However, we don’t recommend selling it. We expect it to attract buyers at the Blue Box zone. The commodity could make either rally towards new highs or a larger corrective bounce in three waves at least. Once the bounce reaches the 50% Fibonacci retracement level against the connector high – x red, we’ll secure our position by moving the stop-loss to breakeven.  Break below the marked invalidation level : 30.44 would invalidate the trade.

A quick reminder:

Our charts are designed for simplicity and ease of trading:

  • Red bearish stamp + blue box = Selling Setup
  • Green bullish stamp + blue box = Buying Setup
  • Charts with Black stamps are deemed non-tradable. 🚫

For those eager to deepen their understanding of Elliott Wave Patterns, we invite you to explore our Free Elliott Wave Educational Web Page.

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

Silver

SILVER H1 Update 10.01.2024

The commodity made another leg down and found buyers within the Blue Box area as expected. We got a nice rally from our buying zone, consequently counting 4 red pull back completed at 30.86 low. The bounce has exceeded the 50% Fibonacci retracement level against the connector peak – currently marked as ((x)) black. As a result, traders who entered long positions are now enjoying risk-free profits. With the price holding above the 30.86 low, we believe the next leg up can be in progress. For confirmation on the next leg up, we’re looking for a break above the 3 red peak.

SILVER H1 Update 10.05.2024

Eventually the commodity made break of 3 red peak as we expected. We expect Silver to keep trading higher ideally as far as pivot at 30.86 low holds.

To capitalize on these opportunities and stay ahead, consider exploring our expert services and insights. For the latest updates, refer to the most recent charts available in our membership area.  We focus on trading instruments with incomplete bullish or bearish swing sequences.  The Live Trading Room highlights the best opportunities in real-time.

Silver

Elliott Wave Forecast

Thank you for exploring our SILVER Trading Setup. While we analyze 78 different instruments, it’s important to understand that not every chart is a trading recommendation. Therefore, for our official trading recommendations, we invite you to join us in our Live Trading Room. There, we provide actionable insights in real-time. If you’re not yet a member, you can take advantage of our 14-Day Trial to discover new trading opportunities.

Over time, we have refined a reputable trading strategy that accurately defines entry points, stop losses, and take profit levels. Consequently, by joining us, you will have the opportunity to learn from market experts and improve your trading skills.

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.

💰 For just $9.99, unlock a wealth of knowledge and experience with our 14-day Trial. Experience firsthand our proven trading strategy, which accurately defines Entry, Stop Loss, and Take Profit levels, empowering you to make informed decisions with confidence.

👉 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!

GBPCAD Elliott Wave Buying the Dips at the Blue Box

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In this technical article we’re going to take a quick look at the Elliott Wave charts of GBPCAD Forex Pair , published in members area of the website. As our members know, GBPCAD has recently given us correction against the 1.76877 low. The pair reached our target zone and completed correction right at the Equal Legs ( Blue Box Area) . In further text we’re going to explain the Elliott Wave pattern and trading setup.

GBPCAD H1 Update 09.26.2024

GBPCAD is correcting cycle from the 1.7687 low. The pull back looks to be unfolding as Double Three pattern. The price has already reached the extreme zone and we are aware that correction can complete any moment. We advise against selling GBPCAD at this stage.  The pair should ideally attract buyers at the Blue Box zone. We can see either rally towards new highs or a larger corrective bounce in three waves at least. Once the bounce reaches the 50% Fibonacci retracement level against the connector high – (x) blue , we’ll secure our position by moving the stop-loss to breakeven.  To safeguard our trade, we’ll closely monitor for any break below the marked invalidation level : 1.2941

A quick reminder:

Our charts are designed for simplicity and ease of trading:

  • Red bearish stamp + blue box = Selling Setup
  • Green bullish stamp + blue box = Buying Setup
  • Charts with Black stamps are deemed non-tradable. 🚫

For those eager to deepen their understanding of Elliott Wave Patterns, we invite you to explore our Free Elliott Wave Educational Web Page.

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

 

GBPCAD

GBPCAD H1 Update 09.26.2024

We got a nice rally from our buying zone toward new highs, confirming pull back completed at the 1.794 low.  As a result, traders who entered long positions are now enjoying risk-free profits. With the price holding above the  1.794 low,  we believe that more upside should be seen. We don’t like selling the pair in any proposed pull back, and prefer staying long from the blue box are in risk free positions.

Please bear in mind that the market is constantly evolving. The outlook presented here may have shifted since. For the latest updates, refer to the most recent charts available in our membership area.  We focus on trading instruments with incomplete bullish or bearish swing sequences.  The Live Trading Room highlights the best opportunities in real-time.

GBPCAD

 

Elliott Wave Forecast

Thank you for exploring our Trading Setup of  GBPCAD 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.

Over time, we’ve honed a reputable trading strategy that accurately defines entry, stop loss, and take profit levels. By joining us, you’ll have the opportunity to learn from market experts and improve your trading skills.

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.

💰 For just $9.99, unlock a wealth of knowledge and experience with our 14-day Trial. Experience firsthand our proven trading strategy, which accurately defines Entry, Stop Loss, and Take Profit levels, empowering you to make informed decisions with confidence.

👉 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!

DAX Provided Very Good Buying Opportunity At The Extreme Area

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In this technical blog, we will look at the past performance of the Elliott Wave Charts of the DAX index. We presented to members at the elliottwave-forecast. In which, the rally from the 23 October 2023 low ended as an impulse structure. But showed a higher high sequence within the higher time frame charts favored more upside extension to take place. Therefore, we advised members not to sell the index & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below:

DAX 4-Hour Chart From 8.06.2024 Update

DAX Provided Very Good Buying Opportunity At The Extreme Area

Here’s the 4-hour Elliott wave chart from the 8.06.2024 update. In which, the cycle from the 10/23/2023 low ended as an impulse structure at 18892.92 high. Down from there, the index made a pullback to correct that cycle. The internals of that pullback unfolded as Elliott wave double three structure where wave (W) ended at 17951.17 low. While wave (X) bounce ended at 18779.40 high. Then wave (Y) managed to reach the extreme equal legs area at 17596.93- 16946.53. From there, buyers were expected to appear looking for the next leg higher or for a 3 wave bounce minimum.

DAX Latest 4-Hour Chart From 9.23.2024 Update

DAX Provided Very Good Buying Opportunity At The Extreme Area

This is the latest 4-hour Elliott wave Chart from the 9.23.2024 update. In which the index shows a reaction higher taking place, right after ending the correction within the extreme area. Allowed members to create a risk-free position shortly after taking the long position at the blue box area. Since then, index has already made a new high above 18892.92 high confirming the next extension higher.

If you are looking for real-time analysis in DAX along with the other indices 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.

XLF Reaction Before & After Reaching The Blue Box Area

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In this technical blog, we are going to take a look at the past performance of 1 hour Elliott Wave Charts of XLF a Financial ETF, which we presented to members at elliottwave-forecast.com. In which, the rally from 05 August 2024 lows, showed the higher high sequence in higher time frame charts favored more strength. Also, the right side tag pointed higher against $40.50 low seen on 8.05.2024 low called for more upside. We will explain the structure & forecast below:

XLF 1-Hour Elliott Wave Chart From 9.11.2024

XLF Reaction Before & After Reaching The Blue Box Area

XLF 1 hour Elliott Wave Chart from 9.11.2024 Post-Market update, in which the ETF ended the 5 waves rally from 8.05.2024 low at $45.88 high. Down from there, the XLF made a pullback to correct that cycle. The pullback unfolded as a double three structure and managed to reach $43.57-$42.52 100%-161.8% Fibonacci extension area of W-X. Thus provided buying opportunity to our members at the blue box area looking for the next extension higher or for 3 wave reaction higher at least.

XLF 1-Hour Elliott Wave Chart From 9.15.2024

XLF Reaction Before & After Reaching The Blue Box Area

Here’s 1 Hour Elliott Wave Chart from 9.15.2024 Weekend update, in which the ETF is showing reaction higher taking place from the blue box area. And shortly after taking the trade the ETF bounced strongly & allowed longs to get into a risk-free position. However, a break above $45.88 area is yet to be seen to confirm the next extension higher & avoid double correction lower.

If you are looking for real-time analysis in XLF along with other ETFs along with major US stocks 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 allows 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 Free Trial.

GBPUSD Elliott Wave: Buying the Dips at the Blue Box Area

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In this technical article we’re going to take a quick look at the Elliott Wave charts of GBPUSD Forex Pair , published in members area of the website. As our members know, GBPUSD has recently given us correction against the 1.2664 low. The pair reached our target zone and completed correction right at the Equal Legs ( Blue Box Area) . In further text we’re going to explain the Elliott Wave pattern and trading setup.

GBPUSD H4 Update 09.09.2024

GBPUSD is correcting cycle from the 1.2664 low. The pull back shows lower low structure. Current view suggests another push down toward the extreme zone ( Blue Box ).  Despite the expected extension lower, we advise against selling GBPUSD at this stage.  We expect it to attract buyers at the Blue Box zone. We can see either rally towards new highs or a larger corrective bounce in three waves at least. Once the bounce reaches the 50% Fibonacci retracement level against the connector high – (X) blue , we’ll secure our position by moving the stop-loss to breakeven.  To safeguard our trade, we’ll closely monitor for any break below the marked invalidation level : 1.2941

A quick reminder:

Our charts are designed for simplicity and ease of trading:

  • Red bearish stamp + blue box = Selling Setup
  • Green bullish stamp + blue box = Buying Setup
  • Charts with Black stamps are deemed non-tradable. 🚫

For those eager to deepen their understanding of Elliott Wave Patterns, we invite you to explore our Free Elliott Wave Educational Web Page.

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

GBPUSD

GBPUSD H4 Update 09.14.2024

The pair made another leg down and found buyers within the Blue Box area as expected. We got a nice rally from our buying zone, counting pull back completed at the 1.2999 low. The bounce has exceeded the 50% Fibonacci retracement level against the connector peak – (b) blue.  As a result, traders who entered long positions are now enjoying risk-free profits. With the price holding above the  1.2999 low, we believe the next leg up can be in progress. For confirmation on the next leg up, we’re looking for a break above the ((i)) black high.

Please bear in mind that the market is constantly evolving. The outlook presented here may have shifted since. For the latest updates, refer to the most recent charts available in our membership area.  We focus on trading instruments with incomplete bullish or bearish swing sequences.  The Live Trading Room highlights the best opportunities in real-time.

GBPUSD

Elliott Wave Forecast

Thank you for exploring our Trading Setup of  GBPUSD 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.

Over time, we’ve honed a reputable trading strategy that accurately defines entry, stop loss, and take profit levels. By joining us, you’ll have the opportunity to learn from market experts and improve your trading skills.

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.

💰 For just $9.99, unlock a wealth of knowledge and experience with our 14-day Trial. Experience firsthand our proven trading strategy, which accurately defines Entry, Stop Loss, and Take Profit levels, empowering you to make informed decisions with confidence.

👉 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!

EUROSTOXX (SX5E) Perfect Reaction Higher From Blue Box Area

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In this technical blog, we will look at the past performance of the Elliott Wave Charts of the Eurostoxx (SX5E) index. We presented to members at the elliottwave-forecast. In which, the rally from the 23 October 2023 low ended as an impulse structure. But showed a higher high sequence with a bullish sequence stamp favored more upside extension to take place. Therefore, we advised members not to sell the index & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below:

EUROSTOXX(SX5E) Daily Chart From 8.04.2024 update

EUROSTOXX (SX5E) Perfect Reaction Higher From Blue Box Area

Here’s the Daily Elliott wave chart from the 8.04.2024 Weekend update. In which, the cycle from the 10/27/2023 low ended as an impulse structure at 5121.71 high. Down from there, the index made a pullback to correct that cycle. The internals of that pullback unfolded as Elliott wave double three structure where wave W ended at 4767.15 low. While wave X bounce ended at 4907.39 high. Then wave Y managed to reach the blue box area at 4550.88-4329.72 equal legs area. From there, buyers were expected to appear looking for the next leg higher or for a 3 wave bounce minimum.

EUROSTOXX(SX5E) Daily Chart From 9.08.2024 update

EUROSTOXX (SX5E) Perfect Reaction Higher From Blue Box Area

This is the latest Daily Elliott wave Chart from the 9.08.2024 Weekend update. In which the index shows a reaction higher taking place, right after ending the 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 the 5121.71 high is still needed to confirm the next extension higher & avoid a double correction lower.

If you are looking for real-time analysis in Eurostoxx along with the other indices 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.