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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.

GBPCAD Reacted Higher After Ending Double Correction Lower

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In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of GBPCAD. In which, the rally from 28 September 2023 low is unfolding as a leading diagonal sequence and called for an extension higher to take place. Therefore, we knew that the structure in GBPCAD should remain supported & extend higher. So, we advised members not to sell the pair & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below:

GBPCAD 1-Hour Elliott Wave Chart From 8.07.2024

GBPCAD Reacted Higher After Ending Double Correction Lower

Here’s the 1-hour Elliott wave Chart from the 8.07.2024 NY update. In which, the rally to 1.7852 high-ended wave A & made a pullback in wave B. The internals of that pullback unfolded as Elliott wave double correction where wave ((w)) ended in 3 swings at 1.7610 low. Then a bounce to 1.7773 high-ended wave ((x)) & started the next leg lower in wave ((y)) towards 1.7530- 1.7378 blue box area. From there, buyers were expected to appear looking for new highs ideally or for a 3-wave bounce minimum.

GBPCAD Latest 1-Hour Elliott Wave Chart From 8.20.2024

GBPCAD Reacted Higher After Ending Double Correction Lower

This is the latest 1-hour Elliott wave Chart from the 8.20.2024 NY update. In which the pair is showing a strong 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 1.7852 high is still needed to confirm the next extension higher & avoid deeper pullback.

If you are looking for real-time analysis in GBPCAD along with the other forex pairs 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) Has Gained More Than 45% Since Our 2022 Buy

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In this technical article we’re going to take a quick look at the weekly Elliott Wave charts of GOLD (XAUUSD ) commodity , published in members area of the website. As many of our members are aware, we’ve seen significant gains in GOLD over the past few years. Since September 2022, we’ve maintained long positions in GOLD.  The commodity hit our buying zone and completed a correction at the Equal Legs (Blue Box Area). In the following sections, we’ll delve into the Elliott Wave pattern and our trading setup for further insight.

GOLD Weekly Update 06.10.2024

The commodity is currently in a corrective cycle from the 1041.6 low. The pullback has already reached the extreme zone (Blue Box). At this stage, we advise against selling GOLD and expect that it will soon attract buyers in the Blue Box zone. We could either see a rally to new highs or a larger corrective bounce in at least three waves. Once the bounce reaches the 50% Fibonacci retracement level against the connector high Black (B), we will safeguard our position by moving the stop-loss to breakeven. To further secure our trade, we will closely monitor for any break below the invalidation level of 1420.66.

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. 🚫

If you want to learn more about 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.

GOLD

GOLD Weekly Update 06.10.2024

The commodity responded exactly as anticipated at the Blue Box Area, attracting buyers and initiating a substantial rally from our recommended buying zone. GOLD completed its pullback at the 1615 low and has since continued to attract buyers, pushing toward new highs. With impressive gains exceeding 45% from our entry point, traders who followed our long positions are now enjoying secure profits.

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.

GOLD

Elliott Wave Forecast

Thank you for exploring our GOLD (XAUUSD) 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!

Soybeans Futures ( ZS_F ) Elliott Wave : Forecasting the Decline

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In this technical article we’re going to take a quick look at the Elliott Wave charts of Soybeans Futures ( $ZS_F )  , published in members area of the website. As our members know, ZS_F has recently given us 3 waves recovery against the 1.36703 peak.  The commodity found sellers appeared right at the equal legs zone.  Let’s break down our Elliott Wave forecast further in this article.

ZS_F  H1 Update 07.19.2024

The current analysis indicates that the ZS_F commodity is undergoing a ((iv)) black recovery, which is correcting the cycle from the 1169’6 peak. This recovery appears to be unfolding as an Elliott Wave Zig Zag Pattern. However, the price structure of the correction remains incomplete at this moment. Consequently, we anticipate further upside movement in the near term, targeting the 1116’1-1133’0 area, which is identified as the selling zone. Within this zone, we expect sellers to emerge, which could potentially lead to a further decline towards new lows. Therefore, we do not recommend buying this commodity. Instead, we advise taking short positions from the marked area.

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

ZS

ZS_F  H1 Update 07.31.2024

Soybeans Futures has found sellers as expected, resulting in a significant decline from the Equal Legs zone.  As a result, the commodity has broken the previous low, confirming that the next leg down is in progress. We advise against buying the commodity during any bounce. We keep favoring the short side. The optimal strategy is to sell the rallies in 3, 7, or 11 swings against the 1169’6 pivot.

Remember, the market is dynamic, and the presented view may have changed in the meantime. For the most recent charts and target levels, please refer to the membership area of the site. The best instruments to trade are those with incomplete bullish or bearish swing sequences. We put them in Sequence Report and best among them are presented in the Live Trading Room

New to Elliott Wave ? Check out our Free Elliott Wave Educational Web Page and download our Free Elliott Wave Book.

ZSElliott Wave Forecast

Thank you for exploring our Trading Forecast of ZS_F 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!

S&P 500 E-Mini (ES_F) Elliott Wave : Trading Setup Explained

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Hello fellow traders,

As our members know we have had many profitable trading setups in Indies recently.   In this technical article, we are going to present another Elliott Wave trading setup we got in SPX E-Mini ( ES_F ) . The futures has extended pull back, giving us another buying opportunity. ES_F completed this correction precisely at the Equal Legs zone, referred to as the Blue Box Area. In the following sections, we will delve into the specifics of the Elliott Wave pattern observed and discuss the corresponding trading setup in detail.

ES_F Elliott Wave 1  Hour  Chart 07.24.2024

Current view suggests ES_F are undergoing 4 red correction. The price shows incomplete lower low sequences from the peak, suggesting potentially more downside in near term. We expect to see extension toward extreme zone at 5449.69-5338.52  where we would like to be buyers again.

We recommend members to avoid selling ES_F . As the main trend remains bullish, we anticipate at least a 3-wave bounce from this Blue Box area. Once the price touches the 50 fibs against the ((b)) black connector, we’ll make positions risk-free and set the stop loss at breakeven and book partial profits. Breaking below the 1.618 Fibonacci extension level at 5338.5 would invalidate the trade.

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.

Quick reminder on how to trade our charts :

Red bearish stamp+ blue box = Selling Setup
Green bullish stamp+ blue box = Buying Setup
Charts with Black stamps are not tradable. 🚫

ES

ES_F Elliott Wave 1  Hour  Asia Chart 07.24.2024

The futures has made extension down toward Blue Box and found buyers as expected. ES_F is showing a decent bounce from the Buying Zone. We count the pullback 4 red as completed at the 5433.99 low. Consequently, long positions should now be risk-free. We’ve set our stop loss at breakeven and have already secured partial profits. Now, we would like to see a break of the 3 red peak to confirm that the next leg up is in progress. Alternatively, if the price breaks below 5433.99 low, the futures will open up the possibility for a deeper pullback. In that case, long positions will be stopped out at BE, and we will look to buy the dips again at the next set of equal legs.

Keep in mind that market is dynamic and presented view could have changed in the mean time.  You can check most recent charts with target levels 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

New to Elliott Wave ? Check out our Free Elliott Wave Educational Web Page and download our Free Elliott Wave Book.

ESJoin 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!