Similar to most instrument within the energy sector, Chevron (ticker: $CVX) is trading sideways to lower since the peak on 04.08.2019. $CVX is showing a five waves advance since the lows at $69.65, which happened on 08.24.2015....
As we have anticipated and communicated in every opportunity, world indices keep trading into new all-time highs. They should still continue to extend in years to come. It is easy to try picking the tops after the...
Elliott Wave view in Alibaba ($BABA) suggests that stock rallies as a 5 waves impulsive Elliott Wave structure from August 5, 2019 low. On the 1 hour chart below, we can see wave 3 of this impulse...
By Elliott Wave International As the winter holidays draw near, many of us will fall victim to the affliction we call “S.N.O.M.O.” — the Sudden Need of More Objects (to own, play with… and eventually, store in...
USDCAD extended its downside movement from 1.3327 to as low as 1.3102. Further decline is still possible after consolidation and next target would be at 1.3050 area. Key resistance is at 1.3204, only break above this level...
USDJPY continued its sideways movement in a trading range between 109.20 and 109.70. Further rise is still possible and next target would be at the top of the price channel on the 4-hour chart. Support is at...
AUDUSD failed to break below the support of the rising trend line on the 4-hour chart and rebounded from 0.6838. Further rally could be expected in the coming days and next target would be at 0.6920 area....
GBPUSD is facing 1.3049 support, a breakdown below this level would indicate that the upside movement from 1.2768 had completed at 1.3514 already, then the pair would find support at around 1.2850. Near term resistance is at...
EURUSD broke below the rising price channel on the 4-hour chart and is now facing 1.1103 support. A breakdown below this level would confirm that the upside movement from 1.0981 had completed at 1.1199 already, then the...
In this technical blog, we are going to take a look at the past performance of 1-hour Elliott Wave Charts of Dow Jones Futures ($YM_F), which we presented to members at elliottwave-forecast.com. In which, the cycle from 12/26/2018 low...
