We at Elliottwave-Foreast.com use a lot of market correlation to derive our forecasts alongside other tools that we use. In this article, we would look at a recent example of Market correlation used in our forecasts and...
In this blog, we are going to take a look at the Elliottwave chart of NASDAQ. Based on the daily chart shown below, NASDAQ has ended the rally from 2009 low at 9760.61 high. The index is...
Nike (Ticker: NKE) shows an incomplete sequence from January 22, 2020 high suggesting further downside is likely. The decline from January 22 high is unfolding as a double three Elliott Wave structure where wave ((W)) ended at...
In this technical blog we’re going to take a quick look at the Elliott Wave charts of EURJPY, published in members area of the website. As our members know, recently we were calling the decline in EUJPY...
OPEC’s failure to strike a deal to cut production output with Russia caused Saudi Arabia to slash oil’s prices in an all-out price war. US West Texas Intermediate Crude plunged more than 30% to $27.9 per barrel...
Over the weekend, a series of events has rocked the market. Investors continue to brace for economic fallout as coronavirus continues to spread around the world. Outside Mainland China, Italy now has the highest infection rate and...
Kirkland Lake Gold Ltd. (NYSE: KL) is gold mining growing company with highly productive yet low-cost mining operations in Canada and Australia. Last month, the company reported its revenue in Q4 2019 totaled $412 million, 47% higher than Q4 2018 and an 8%...
We always refer a lot to the blue boxes which are often shown on our charts and define them as High-Frequency areas which are based in a relationship of sequences, cycles and calculated using extensions. Traders are...
Gilead Sciences ($GILD) showing signs that it may be in the beginning stages of new bullish cycle. The Long term chart shows a completed bullish sequence in 5 waves for Blue (I) which topped on June 22/2015...
Short term Elliott Wave view in Gold (XAU) suggests the rally from August 2018 low in wave III has ended at 1689.30 high. Gold then corrected that cycle in wave IV as a zig-zag. Wave ((A)) of...
