$SMH Elliott Wave and Longer Term Cycles
$SMH Elliott Wave and Longer Term Cycles Firstly as seen on the monthly chart shown below. There is data back to May 2000 in the ETF fund. Data suggests the fund made a low in November 2008. This...
Author: elliottwave-forecast.com
Elliott Wave View: Oil ($CL_F) Decline in Impulsive Structure
Elliott Wave view on Crude Oil ($CL_F) suggests rally to $65.69 on January 8, 2020 ended wave (1). This ended a 5 waves rally from October 3, 2019 low. Oil is now doing wave (2) pullback to correct...
NQ_F Buying Elliott Wave 4 Dip in Blue Box Area
NQ_F (Nasdaq Futures) made a sharp decline yesterday evening after New York closing and then reacted higher in a very strong manner. Our preferred Elliott wave count treats the dip last night as a Minor wave 4...
Elliott Wave View: Nikkei Finding Support
Elliott Wave view on Nikkei (NKD_F) suggests the rally to 24148 on December 17, 2019 ended wave ((1)). Index is now doing a wave ((2)) pullback and the internal is unfolding as double three Elliott Wave structure....
Advanced Micro Devices INC: $AMD Reaching Target Area
Advanced Micro Devices INC ($AMD) has been in a tremendous rally since the lows in 2015. The Instrument is rallying within the Grand Supercycle, and the target is between $50.32-$61.81 area. We have been calling this target...
Copper (HG_F) Buying The Dip From The Blue Box Area
In this blog, we’re going to take a quick look at the Elliott Wave chart of copper. The chart from 1.3.2020 update showed that copper ended the cycle up from 11.15.2019 low at 2.6130 to 12.26.2019 high...
RTY_F (Russell Futures) Buying dips in Blue Boxes
Russell Futures (RTY_F) decline ended cycle from 12/3 and started pulling back. It dropped in 3 waves to 1659.40 and bounced. The bounced appeared corrective so we called for a double three Elliott wave correction lower which...
Elliott Wave View: Apple Cycle Remains Bullish
Elliott Wave view on Apple (ticker: AAPL) suggests the cycle from June 3, 2019 low remains bullish and the rally is unfolding as an impulsive Elliott Wave structure. On the 1 hour chart below, the rally to...
Bitcoin Elliott Wave View: Buying The Blue Box Area
In this technical blog, we are going to take a look at the past performance of 1 hour Elliott Wave Charts of Bitcoin ticker symbol: $BTCUSD, which we presented to members at elliottwave-forecast.com. In which the rally from December...
Hecla Mining (NYSE: HL) Impulsive Rally in Progress
Hecla Mining (NYSE: HL) is a mining company engaged in the exploration and development of mineral properties also the mining and processing of silver, gold, lead and zinc. Since May 2019, HL established a strong reversal after it...