Elliott Waves from December Low Suggests XLK to Make New Highs

by elliottwave-forecast.com | March 21, 2019 8:30 pm
XLK Pattern Suggests New Highs on the Horizon After a 24.5%, 7-wave, decline from the $76.27 peak of 10/3/2018, XLK appears to be showing signs of a bottom. This technology ETF, XLK, is now showing a clear...

Fed’s Policy U-Turn Deters Dollar Bulls – US Dollar Weakness Ahead

by elliottwave-forecast.com | March 21, 2019 8:29 pm
After repeated rebuke by President Trump, the Fed has completely capitulated. Following the two-day meeting, the Fed has scaled back their projected interest rates rise to zero this year. This reflects the concern about slowing economic growth,...

Can Chipotle Mexican Grill (CMG) Break to New All time Highs ?

by elliottwave-forecast.com | March 20, 2019 7:55 pm
Chipotle Mexican Grill (NYSE: CMG) is an American chain of fast casual restaurants which has 29 locations outside of the United States. Last month, the company announced fourth-quarter sales, revenue, and earnings growth that topped Wall Street’s expectations. The...

Elliott Wave View: Nifty Looking to Break 2018 High

by elliottwave-forecast.com | March 20, 2019 7:54 pm
Since forming the low on Oct 26, 2018 low, Nifty has rallied higher and now is challenging the 2018 high (11760.20). A break above 2018 high will signal that the Index has ended the entire correction from...

AMD: Elliott Wave Structure Calling Another Multi-Year Cycle

by elliottwave-forecast.com | March 20, 2019 7:54 pm
Advanced Micro Devices (AMD) which is a multinational semiconductor company. Is following the overall structure of other World Indices. The stock is trading within a corrective sequence within the Grand Supercycle degree. From its all-time low, it...

DAX Forecasting The Rally And Buying The Dips In Blue Box

by elliottwave-forecast.com | March 19, 2019 5:54 pm
Hello fellow traders.  In this technical blog we’re going to take a quick look at the Elliott Wave charts of DAX, published in members area of the website.  As our members know, the Index has incomplete bullish...

CL_F Zigzag Elliott Wave Structure

by elliottwave-forecast.com | March 19, 2019 5:54 pm
In this blog, we will take a look at the price action and Elliott wave structure of Crude Oil since December 24, 2018 low. Understanding the structure of initial rally up from December 24, 2018 low reveals...

Elliott Wave View: IBEX Shows Bullish Structure

by elliottwave-forecast.com | March 19, 2019 5:53 pm
IBEX Elliott Wave sequence from 12.28.2018 low remains bullish, favoring further upside. Near term, the rally from Feb 11, 2019 low (8834.3) is unfolding as a zigzag Elliott Wave structure.  The first leg of this zigzag wave...

Wave Structure Suggests Green Shoots Appearing in SNAP

by elliottwave-forecast.com | March 18, 2019 7:56 pm
Is There a Bottom for SNAP ? On March 3, 2017 shares of Snap Inc ( NYSE: SNAP ) printed a now all-time high of $29.44. Ever since then the social media/ camera company has seen very...

LMT Showing Elliott Wave Impulse Structure From All Time Lows

by elliottwave-forecast.com | March 18, 2019 7:55 pm
Lockheed Martin Corp (NYSE: LMT) is the largest defense, aerospace and advanced technologies company based in the United States employs approximately 105000 people worldwide. The company operates mainly on four business segments i.e Aeronautics, Missiles & Fire control,...