GBPUSD : Market Patterns Signalling the Move Lower

by elliottwave-forecast.com | June 29, 2020 1:15 pm
On June 16 2020 I posted on social media Stocktwits/Twitter @AidanFX  “GBPUSD watching for SELLS”.  The chart below was also posted on social media StockTwits/Twitter @AidanFX June 16 2020 showing that a bearish market pattern (blue) formed...

Bullish Breakout in GDXJ (Gold Miners Juniors) Imminent

by elliottwave-forecast.com | June 29, 2020 1:14 pm
Gold market continues to extend higher with uncertainties in pandemic and ultra-loose monetary policy by central banks. It has printed a 7 year high of $1779 and shows no sign of stopping. It has broken to new-all...

Elliott Wave View: Pan American Silver (PAAS) Bullish Outlook

by elliottwave-forecast.com | June 29, 2020 1:13 pm
Pan American Silver Corporation (ticker: PAAS) is a Canadian mining company with operations in Latin America. The company has mines in Mexico, Peru, Bolivia, and Argentina. It is the world’s second largest primary silver producer worldwide it...

Elliott Wave View: SPX Resumes Correction Lower

by elliottwave-forecast.com | June 26, 2020 3:38 pm
Elliott Wave View in SPX suggests the rally from 4.2.2020 low ended at 3233.13 high as 5 waves impulse Elliott Wave Structure. Up from 4.2.2020 low, wave (1) ended at 2954.86 high and wave (2) dips ended at...

Drive Shack ($DS) Incomplete Bullish Sequence

by elliottwave-forecast.com | June 26, 2020 3:36 pm
Drive Shack ($DS) has been making steady gains since the March 2020 low.  Technically speaking, it has a nice Elliott Wave chart, and is following the pattern of the general indices fairly well.  Let’s take a look...

Elliott Wave View: Exxon Mobil Pulling Back

by elliottwave-forecast.com | June 25, 2020 3:09 pm
Elliott Wave View in Exxon (ticker: XOM) shows that the stock has an incomplete bearish sequence against June 8 high. The decline from June 8 high unfolded as a zigzag Elliott Wave structure, where wave (A) ended at...

SPY Elliott Wave View: Ready To Resume Higher?

by elliottwave-forecast.com | June 24, 2020 4:13 pm
In this technical blog, we are going to take a look at the past performance of Elliott Wave Charts SPY, which we presented to members at elliottwave-forecast. In which, the rally from 23 March 2020 low unfolded as...

Elliott Wave View: Facebook Should See More Upside

by elliottwave-forecast.com | June 24, 2020 4:12 pm
Facebook (ticker: FB) shows a higher high sequence from June 15 low, favoring further upside. The 30 minutes chart update below shows that the stock ended wave 3 at 241.75 high. Afterwards, the stock did a pullback...

Elliott Wave View: Gold Extends Higher

by elliottwave-forecast.com | June 23, 2020 2:40 pm
Gold (XAUUSD) shows a higher high sequence from 6.5.2020 low favoring further upside. Up from 6.5.2020 low, the precious metal extended higher in wave 1 as 5 waves impulse Elliott Wave Structure. The rally in wave 1...

NASDAQ (NQ_F) Bounced Higher From Blue Box To All Time High

by elliottwave-forecast.com | June 22, 2020 4:11 pm
In this blog, we are going to take a look at the Elliott Wave chart of NASDAQ Futures (NQ_F). The 1 hour London chart update from June 8, 2020 shows that the index has ended the cycle...