Elliott Wave View: Hang Seng Index Correction In Progress

by elliottwave-forecast.com | July 28, 2020 4:08 pm
Hang Seng 15 minutes chart below shows that the index has extended lower from July 7 peak. The decline is unfolding as a double three Elliott Wave Structure.  From July 7 high, wave W ended at 25570.36 low....

The Longer Term Bullish Cycles of the $CAC40

by elliottwave-forecast.com | July 28, 2020 4:08 pm
The Longer Term Bullish Cycles of the $CAC40 Firstly the CAC 40 index has been trending higher with other world indices where in September 2000 it put in an all time high.  From there it followed the...

CHFJPY Forecasting The Rally After Elliott Wave Zig Zag

by elliottwave-forecast.com | July 28, 2020 4:07 pm
Hello fellow traders.  In this technical blog we’re going to take a quick look at the Elliott Wave charts of CHFJPY , published in members area of the website.  As our members know, we’ve been calling rally...

The BEL20 Index Longer Term Swings and Cycles

by elliottwave-forecast.com | July 27, 2020 4:09 pm
The BEL20 Index Longer Term Swings and Cycles Firstly the BEL20 Index has trended higher with other world indices since the benchmark was established. The index remained in a long term bullish trend cycle into the May 2007...

$GLNCY : Glencore may be preparing for a big move

by elliottwave-forecast.com | July 27, 2020 4:08 pm
Glencore plc is a British commodity trading and mining company. Marc Rich has founded the company 1974 which has its headquarters in Baar, Switzerland. Traded under tickers $GLEN at LSE and $GLNCY in US in form of...

S&P 500 E-Mini Futures ( ES_F ) Found Buyers At The Blue Box Area

by elliottwave-forecast.com | July 24, 2020 4:13 pm
Hello fellow traders.  Another instrument that we have been trading lately is S&P 500 E-Mini Futures (ES_F). In this technical blog we’re going to take a quick look at the Elliott Wave charts of $ES_F , published in...

Elliott Wave View: Impulsive Rally in EURUSD

by elliottwave-forecast.com | July 24, 2020 3:57 pm
EURUSD 1 hour chart below shows that the pair has ended the cycle from July 1 low in wave ((i)) at 1.1467 high. The dip in wave ((ii)) then ended at 1.1399 low. From there, the pair...

This Chart Foretold Wirecard’s Collapse — Two Years Ago

by ForexCycle.com | July 24, 2020 4:05 am
By Elliott Wave International “Catastrophic Failure” — June 18 CCN “Swift, Spectacular Implosion” — June 25 Alijazeera.com “Doomsday” — June 18 Seeking Alpha These are a few descriptions for Munich-based Fintech firm Wirecard, whose recent epic fall...

Square Inc. ($SQ), Larger degree top looms

by elliottwave-forecast.com | July 23, 2020 3:28 pm
The Corona Virus has had its toll on the marketplace in general. But some select names have rallied sharply off the March 2020 lows, Square is one of those names.  Square has rallied from a low of...

Elliott Wave View: Tesla (TSLA) Aiming for All-Time High

by elliottwave-forecast.com | July 23, 2020 3:28 pm
TSLA 30 minutes chart below shows that the stock has ended pullback from July 13 high in wave (4) at 1431.30 low. The correction unfolded as zig-zag Elliott Wave Structure. Wave A ended at 1450 low, wave...