Elliott Wave View: Crude Oil Breakout In Progress
In our previous Chart of The Day on February 28, we suggested that Crude Oil (CL_F) is on the verge of a breakout. It has now confirmed our view as price extends higher and breaks above March...
Author: elliottwave-forecast.com
OPEC Supply Cuts Continue To Support Oil Prices
Oil prices rose 1 percent on Monday after Saudi Arabia reiterated that OPEC will continue to maintain the production curb. Riyadh plans to keep output well below 10 million barrels per day and reduces export to below...
Patience is Paying Off for XLP Longs
Patience is Paying Off for Traders that are Long XLP After consolidating sideways for over two weeks XLP appears to be rewarding longs for their patience. Since 12/26/2018, XLP has risen from a low of $48.33 to...
XLE Buying The Elliott Wave Dips
In this technical blog, we are going to take a look at the past performance of XLE Elliott Wave 1-Hour Charts that we presented to our members. In which, the cycle from 12/24/2018 low took place as...
Elliott Wave View: Gold Can See Profit Taking
Gold has ended the cycle from August 16, 2018 low at $1347.18 as wave (A). The yellow metal is in the process of correcting the cycle from August 16, 2018 low in 3, 7, or 11 swing...
Elliott Wave View: EURJPY Should Extend Lower
EURJPY has ended the cycle from Jan 3, 2019 low at 127.5. We label this rally from Jan 3 to March 1, 2019 as wave ((X)). This means the pair is in the initial stage of turning...
Elliott Wave Analysis: Trading EURGBP with Right Side System
In this blog, I want to share with you some Elliott Wave charts of EURGBP which we presented to our members recently. You see the 1-hour updated chart presented to our clients on the 03/09/19. The higher degree trend of...
AUDNZD Incomplete Bearish Sequences Calling The Decline
Hello fellow traders. In this technical blog we’re going to take a quick look at the charts of AUDNZD published in members area of the website. As our members know, AUDNZD has incomplete sequences in the cycle...
Boeing (BA): Forming the Biggest Peak Since 2003 lows
The Stock is trading within a very technical area and it is showing a very clear 5 waves advance Elliott wave structure from its 2013 lows. When a 5 waves structure can be seen we always should...
BAC Elliott Wave Analysis: Calling The Reaction From Inflection Area
In today’s blog we will look at Bank of America’s chart (BAC) which shows a blue box. This blue box represents the inflection area where a reaction in 3 waves at least can happen. Below, you see the 1-hour updated...