Wave Structure Suggests Green Shoots Appearing in SNAP
Is There a Bottom for SNAP ? On March 3, 2017 shares of Snap Inc ( NYSE: SNAP ) printed a now all-time high of $29.44. Ever since then the social media/ camera company has seen very...
Author: elliottwave-forecast.com
LMT Showing Elliott Wave Impulse Structure From All Time Lows
Lockheed Martin Corp (NYSE: LMT) is the largest defense, aerospace and advanced technologies company based in the United States employs approximately 105000 people worldwide. The company operates mainly on four business segments i.e Aeronautics, Missiles & Fire control,...
Vale Aiming to Break Above 2008 Bearish Trend-Line
Vale is a Brazilian multinational mining corporation and also is the largest producer of iron ore and nickel in the world. In 2016, many commodities saw significant moves to the upside with the rise of Oil and Gold prices. The move...
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...
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...