Selling Corn Futures (ZC_F) Rally In The Blue Box

by elliottwave-forecast.com | May 5, 2020 3:44 pm
Corn Futures (ZC_F) dropped from a high of 323’4 to a low of 300’2 last week before it bounced again. In today’s blog, we would look at the chart presented to clients before the drop took place...

Elliott Wave View: Leading Diagonal in Oil

by elliottwave-forecast.com | May 5, 2020 3:43 pm
Short Term Elliott Wave outlook in Oil (CL_F) suggests the decline to $6.53 ended wave ((3)). Wave ((4)) recovery is unfolding as a zigzag Elliott Wave structure where wave (A) is currently in progress as a leading...

Newmont Corporation (NYSE: NEM) – Impulsive Bullish Structure

by elliottwave-forecast.com | May 5, 2020 3:42 pm
Newmont Corporation (NYSE: NEM) is the world’s largest Gold mining company. Since the major low in the precious metal back in 2015 around $1050, many mining stocks rallied significantly and managed to outperform shining metals. If we take...

NFLX Ended 5 Waves Up In From The 290.47 Low

by elliottwave-forecast.com | May 4, 2020 4:19 pm
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of NETFLIX (NFLX) stock, published in members area of the website.  As our members know, NETFLIX made New...

USDCAD : Trading the Breakout Lower

by elliottwave-forecast.com | May 4, 2020 4:18 pm
USDCAD Technical Analysis On April 27/2020 I posted on social media (Stocktwits/Twitter) @AidanFX  “USDCAD Still possible the pair can extend lower below 1.4000. Possible momentum breakout lower at 1.4038” USDCAD 1 Hour Chart April 27.2020 : The chart below...

USDJPY : Calling the April 2020 Move Lower

by elliottwave-forecast.com | May 4, 2020 4:17 pm
USDJPY Technical Analysis  On April 8/2020 I posted on social media (Stocktwits/Twitter) @AidanFX  “USDJPY Break below 108.60 can push the pair lower towards 108 area” USDJPY 1 Hour Chart April 9.2020 : The chart below was also posted...

Sona Nanotech (CSE: SONA, OTC: SNANF) Cycle Near Completion

by elliottwave-forecast.com | May 1, 2020 4:28 pm
The next entry in the theme of Corona Virus stocks is Sona Nanotech.  Normally I would cover a major listed stock on a USA exchange.  However, Sona Nanotech has an excellent Elliott Wave structure that is worth...

Tesla Elliott Wave View: Buying The Wave Four Pullback

by elliottwave-forecast.com | May 1, 2020 4:26 pm
In this technical blog, we are going to take a look at the past performance of 1 hour Elliott Wave Charts of Tesla Motors ticker symbol: $TSLA. In which, the rally from 18 March 2020 low ($350.51)...

IBEX-35 from Spain Showing Incomplete Bearish Sequence

by elliottwave-forecast.com | May 1, 2020 4:25 pm
Spain is one of the hardest hit European countries by Covid-19 pandemic. Unsurprisingly, Spain main index IBEX-35 plunged just like the rest of the world’s indices. The biggest impact happened during the first few days of March....

Elliott Wave View: Tesla (TSLA) Correcting Cycle from March Low

by elliottwave-forecast.com | May 1, 2020 4:24 pm
Short Term Elliott Wave outlook in Tesla (TSLA) suggests the stock ended cycle from March low at 886.09 as wave ((1)). Internal of wave ((1)) unfolded as a 5 waves impulsive Elliott Wave structure. Up from 3.19.2020 low,...