DAX Forecasting The Rally And Buying The Dips In Blue Box

by elliottwave-forecast.com | March 19, 2019 5:54 pm
Hello fellow traders.  In this technical blog we’re going to take a quick look at the Elliott Wave charts of DAX, published in members area of the website.  As our members know, the Index has incomplete bullish...

CL_F Zigzag Elliott Wave Structure

by elliottwave-forecast.com | March 19, 2019 5:54 pm
In this blog, we will take a look at the price action and Elliott wave structure of Crude Oil since December 24, 2018 low. Understanding the structure of initial rally up from December 24, 2018 low reveals...

Elliott Wave View: IBEX Shows Bullish Structure

by elliottwave-forecast.com | March 19, 2019 5:53 pm
IBEX Elliott Wave sequence from 12.28.2018 low remains bullish, favoring further upside. Near term, the rally from Feb 11, 2019 low (8834.3) is unfolding as a zigzag Elliott Wave structure.  The first leg of this zigzag wave...

Wave Structure Suggests Green Shoots Appearing in SNAP

by elliottwave-forecast.com | March 18, 2019 7:56 pm
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...

LMT Showing Elliott Wave Impulse Structure From All Time Lows

by elliottwave-forecast.com | March 18, 2019 7:55 pm
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

by elliottwave-forecast.com | March 14, 2019 7:34 pm
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

by elliottwave-forecast.com | March 14, 2019 7:34 pm
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

by elliottwave-forecast.com | March 14, 2019 7:34 pm
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

by elliottwave-forecast.com | March 13, 2019 10:06 pm
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

by elliottwave-forecast.com | March 13, 2019 10:05 pm
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...