Elliottwave-Forecast.com - Official Thread w/ Analysis Blogs

COFFEE Elliott Wave Analysis: Forecasting The Decline

Hello fellow traders. Today, we will have a look at some Elliott Wave charts of COFFEE which we presented to our members in the past. Below, you can find our 1-hour updated chart presented to our members on the 06/24/18 where COFFEE was in the progress of correcting cycle from 05/02 peak in 3-7 or 11 swings.
Higher time frame, the commodity has a bearish sequence targeting lower levels. Therefore, our members know that the right side remains to the downside. Shorter-term it ended the cycle from 05/02 (126.02) peak in black wave ((a)) at the low of 06/15 (114.72). The internals of black wave ((a)) unfolded as a 5 waves leading diagonal. Where blue wave (i) ended at 05/15 low (116.41), blue wave (ii) pullback at 06/01 peak (124.96), wave ((iii)) at 06/07 low (115.64) and wave (iv) completed at 06/12 (118.10). From that peak, it ended blue wave (v) of the black wave ((a)) at 06/15 (114.56). Up from there, the instrument can end black wave ((b)) correction at the equal legs towards 118.47-119.29, so we advised our members that the right side remains to the downside against 126.08 peaks. For another extension lower.
COFFEE Futures 06.24.2018 1 Hour Chart Elliott Wave Analysis


In the Elliott Wave chart below from the 07/03 which we presented to our clients, you can see that the instrument pulled back from the equal legs, after ending cycle from 06/15 low in black wave ((b)). From that equal legs, the pair continued nicely the weakness to the downside and broke the black wave ((a)) low, confirming the next bearish extension lower. Any trades from the equal legs blue box area wherein a decent profit and risk-free also. Targeting the minimum equal legs of around 107.95+ areas. Which was the equal leg of black wave ((a))-((b)). So any trades from the blue box above where closed in a nice profit. Do please keep in mind that the 1-hour charts which I presented, have already changed. If you want updates every day. I can recommend you to take our free trial below.
COFFEE Futures 07.03.2018 1 Hour Chart Elliott Wave Analysis

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VOX Elliott Wave Analysis: Started Another Extension Higher

VOX ETF short-term Elliott wave analysis suggests that the rally to $87.38 high ended primary wave ((1)) as an impulse with extension. Down from there, the pullback to $84.10 low ended primary wave ((2)). The internals of that pullback unfolded as Elliott wave zigzag correction where intermediate wave (A) ended in 5 swings at $85.24. Intermediate wave (B) bounce ended at $86.18 and intermediate wave (C) of ((2)) ended in another 5 waves at $84.10 low.
Up from there, the instrument made a new high above $87.38 peak confirming the next extension higher in primary wave ((3)). The internals of rally is taking place in another impulse with an extension where Minor wave 1 ended at $85.43 in lesser degree 5 waves. Down from there, Minor wave 2 ended in 3 swings pullback at $84.15 low. Above from there, Minor wave 3 remains in progress as another impulse structure in lesser degree cycle with Minute wave ((i)) of 3 ended at $85.75. Minute wave ((ii)) of 3 ended at $84.75 low and Minute wave ((iii)) of 3 is expected to complete soon. Afterwards, the instrument is expected to do a pullback in Minute wave ((iv)) of 3 in 3, 7 or 11 swings before further upside towards $89.87-$91.24 100%-123.% Fibonacci extension area of primary wave ((1))-((2)) is seen. We don’t like selling it.
VOX 1 Hour Elliott Wave Chart


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Facebook Elliott Wave Analysis: Correction Taking Place
Facebook ticker symbol: $FB short-term Elliott Wave analysis suggests that the decline to $192.22 low ended cycle degree wave II as double three structure. Up from there, the stock is rallying higher and making new all-time highs within cycle degree wave III. Up from $192.22 low, the rally to $208.2 high ended primary wave ((1)). The internals of that rally took place in the form of an impulse structure with lesser degree cycles showing an internal subdivision of 5 waves in each leg higher.
Up from $192.22 low, the rally higher to $197.45 higher intermediate wave (1) of ((1)) in 5 waves structure. Down from there, the pullback to $192.52 low ended intermediate wave (2) of ((1)) in 3 swings. Up from there, the rally higher to $205.80 ended intermediate wave (3) of ((1)) in 5 waves structure. Down from there, the pullback to $201.20 low ended intermediate wave (4) of ((1)) in 3 swings as a Flat. Then the rally higher to $208.2 high ended intermediate wave (5) of ((1)) in another lesser degree 5 waves.
Below from there, the stock is correcting the cycle from 7/02/2018 low ($192.22) in primary wave ((2)) pullback. The pullback is expected to find buyers in 3, 7 or 11 swings at the extreme areas. Near-term focus remains towards $200.80-$198.76 50%-61.8% Fibonacci retracement area as target area for the pullback. Afterwards, the stock is expected to resume higher provided pivot at $192.22 low stays intact or it should react higher in 3 waves at least. We don’t like selling it.
Facebook 1 Hour Elliott Wave Chart

Elliott Wave Analysis: Amazon Showing Impulse Rally
Amazon ticker symbol: $AMZN short-term Elliott wave analysis suggests that the cycle from 6/25/2018 low ($1646.31) is rallying higher in an impulse structure. This suggests that the internal sub-division of each leg higher is unfolding as 5 waves structure of lesser degree i.e Minute wave ((i)), ((iii)) & ((v)), whereas Minute wave ((ii)) & ((iv)) has subdivision of 3 corrective waves.
Up from $1646.31 low, a rally higher to $1725 high completed Minute wave ((i)) in 5 waves leading diagonal structure. Down from there, the 3 waves pullback to $1684.30 low ended Minute wave ((ii) as zigzag. Above from there the stock made another 5 waves advance which ended Minute wave ((iii)) at $1841.95 peak. Below from there, the pullback to $1791 low ended Minute wave ((iv)) in lesser degree 3 swings. Up from there Minute wave ((v)) remains in progress which is expected to unfold in another 5 waves structure.
The minimum extension area for Minute wave ((v)) i.e inverse 1.236-1.618% Fibonacci extension of Minute wave ((iv)) comes at $1853.82-$1873.35. In case of further extension, Minute wave ((v))=((i)) target area comes at $1868.58-$1887.15 area for the completion of cycle from 6/25/2018 low in Minor wave 1 or wave A. Afterwards, the stock is expected to do a pullback in Minor wave 2 or wave B in 3, 7 or 11 swings before further upside is seen provided the pivot from $1646.31 low stays intact. We don’t like selling it.
Amazon 1 Hour Elliott Wave Chart

Attached Image (click to enlarge)

Attached Image (click to enlarge)

EURJPY Forecasting the Path & Buying the Dips

Hello Fellow Traders. Another instruments we have traded lately is EURJPY. As our members know, EURJPY has been correcting the cycle from the June 2016 low ( 109.187). We knew that price will find buyers as soon as it reaches extremes per Elliott Wave hedging strategy. We recommended members to wait for extremes to be reached before buying the dips again in the pair. In further text we’re going to explain the Elliott Wave forecast and trading strategy.
EURJPY Daily Elliott Wave Analysis 5.26.2018
The pair is doing pull back against the 2.0072 low. Current price structure of the pull back is showing incomplete swing sequences. As far as the price stays below ((B)) peak (04/24 2018) the pair is missing a swing to complete cycle from the February peak. We’re calling for another swing down toward 125.198-123.219 . At that area buyers should ideally appear either for further rally or 3 wave bounce at least. Our trading strategy is buying the dips at 125.198-123.219 area, when invalidation level of the trade would be break below 1.618 fib extension ( 120.016). Due to Elliott Wave Hedging bounce is likely to happen and as soon as the price reaches 50 Fibs against the ((B)) peak our recommendation is to make long positions risk free –put Stop Loss at BE.


EURJPY 4 Hour Elliott Wave Analysis 3.26.2018
The price has given us forecasted leg lower and reached buying zone at 125.198-123.219 . Buyers have appeared shortly after and we’re getting nice bounce from the mentioned area. Rally has reached 61.8 Fibs against the ((B)) peak. As a result members are now enjoing profits in risk free long positions.
Recently we got break of 06/14 peak , that has given us confirmation next leg up is in progress. Next target to the upside comes at 132.36+ area.
Note: We have removed some labeling in order to protect clients’ priviliges. Keep in mind market is dynamic and presented view could have changed in the mean time. Not every chart is Trading Signal. Best instruments to trade are those having incomplete bullish or bearish swings sequences. We put them in Sequence Report and best among them are shown in the Live Trading Room.

Elliott Wave Forecast
We cover 78 instruments in total, but not every chart is trading recommendation. We present Official Trading Recommendations in Live Trading Room. If not a member yet, Sign Up for Free 14 days Trial now and get access to new trading opportunities. Through time we have developed a very respectable trading strategy which defines Entry, Stop Loss and Take Profit levels with high accuracy.
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NZDUSD forecasting the path & selling the rallies

Hello fellow traders. In this technical blog we’re going to take a quick look at the charts of NZDUSD . In further text we’re going to explain the Elliott Wave structure, forecast and trading strategy.
As our members know, we were keep saying that NZDUSD has had incomplete bearish sequences in cycle from the July 2017 peak. The pair is missing another swing down to complete proposed cycle. Consequently , we knew that short term bounces should ideally find sellers in 3,7,11 swings sequences. We advised clients to avoid buying the pair and keep on selling the rallies when chance occur.
Let’s take a look at the short term Elliott Wave forecasts
NZDUSD Elliott Wave 1 Hour Chart 7.5.2018
As we can see at the charts below, NZDUSD is doing short term recovery, labeled as wave 2 red. Proposed short term bounce seems to be unfolding as a Elliott Wave Zig Zag pattern when we have recently got break of wave ((a)) short term high. Now as far as the price stays above wave ((b)) low, we have incomplete sequences in the short term cycle from the 0.6684 low calling for another leg toward 0.68462-0.6869 area ( potential sell zone). Although we expect the pair to trade higher in short term, we don’t recommend buying it yet due to incomplete bearish sequences in larger cycle. Strategy is waiting for the price to reach mentioned area-blue box before selling the commodity pair. If NZDUSD manages to reach proposed sell zone 0.68462-0.6869 area, we will open short positions there. We expect to get either further decline or 3 wave pull back alternatively. Anyway, as soon as the price reaches 50 Fibonacci Retracement against the (b) black low, we will make our Sell positions Risk Free. Stop Loss of the trade is break above 1.618 Fibonacci extension (0.69072)

NZDUSD Elliott Wave 1 Hour Chart 7.16.2018
NZDUSD has made proposed leg up and reached sell zone at 0.68462-0.6869 . It has found sellers and gave us the decline from the blue box inflection area as expected with the actual high coming at 0.68597. . Any short positions should be risk free. Currently the price is doing recovery agianst the 0.68597. As far as mentioned pivot at 0.68597 high holds, another leg down is possible toward our target. Break above 0.6895 peak would open possibility of extension higher toward 0.6897-0.6938 area.
Note: Keep in mind not every char is Trading Signal. Best instruments to trade are those having incomplete bullish or bearish swings sequences. We put them in Sequence Report and best among them are shown in the Live Trading Room.

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We cover 78 instruments in total. We present Official Trading Recommendations in Live Trading Room. Through time we have developed a very respectable trading strategy which defines Entry, Stop Loss and Take Profit levels with high accuracy. Currently we’re running special promotion for new members, giving 2 Months for the price of 1. Sign up at the banner below.

Elliott Wave Forecast
We cover 78 instruments in total, but not every chart is trading recommendation. We present Official Trading Recommendations in Live Trading Room. If not a member yet, Sign Up for Free 14 days Trial now and get access to new trading opportunities. Through time we have developed a very respectable trading strategy which defines Entry, Stop Loss and Take Profit levels with high accuracy.
Welcome to Elliott Wave Forecast !

Elliott Wave Analysis: USDJPY Rallying Higher As Impulse
USDJPY short-term Elliott Wave analysis suggests that the pullback to 110.28 low ended Minute wave ((ii)) pullback. The internals of that pullback unfolded as Elliott wave Flat structure where Minutte wave (a) ended at 110.77. Up from there, bounce to 111.11 ended Minutte wave (b), and Minutte wave (c) of ((ii)) ended in 5 waves at 110.28 low.
The pair has since rallied within Minute wave (((iii)) rally as an Elliott wave impulse structure. Up from 110.28, the rally to 111.35 high ended Minutte wave (i) of ((iii)) as 5 waves. Afterwards, the pullback to 110.74 low ended Minutte (ii) of ((iii)), and pair rallied again in another 5 waves within Minutte wave (iii) of ((iii)) which ended at 112.8. Down from there the pullback to 112.09 low ended Minute wave (iv) of ((iii)), and the last leg Minutte wave (v) of ((iii)) is proposed complete at 113.38. Minute wave ((iv)) pullback is currently in progress in 3, 7, or 11 swings to correct the cycle from 7/4 low (110.28) before pair resumes the rally higher. We don’t like selling the pair.
USDJPY 1 Hour Elliott Wave Chart

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Attached Image (click to enlarge)

OIL Elliott Wave Analysis: Larger Correction Taking Place?
OIL short-term Elliott wave analysis suggests that the rally to $75.28 high ended cycle degree wave III. Down from there, the larger correction in cycle degree wave IV is taking place in 3, 7 or 11 swings before Oil resumes higher. The internal of the first leg of the decline from $75.28 high took place in 5 waves impulse with internal distribution of 5 waves structure in lesser degree cycle. This suggests that the five waves down from $75.27 is part of a larger Elliott wave Zigzag correction within cycle degree wave IV pullback.
Down from $75.28 high, the decline to $72.14 low ended intermediate wave (1) as a leading diagonal structure. Above from there, the bounce to 74.70 high ended intermediate wave (2) bounce as a Zigzag correction. Below from there, the decline to $69.23 low ended intermediate wave (3) in another 5 waves. Then the bounce to $71.66 high ended intermediate wave (4) bounce in 3 swings. The final decline from there unfolded in 5 waves structure which ended intermediate wave (5) at $67.04 low & also completed the primary wave ((A)).
Up from there, the instrument is doing the primary wave ((B)) recovery against 7/03 high ($75.28) in 3, 7 or 11 swings before further decline is seen. So far instrument already made the 3 waves recovery & reached the $69.86 – $70.34 100%-123.6% Fibonacci extension area of Minor W-X to complete intermediate wave (W). The instrument is expected to do a 3 waves pullback in intermediate wave (X) then another leg higher in intermediate wave (Y) of ((B)) can be seen before instrument resumes lower again. We don’t like selling it.
OIL 1 Hour Elliott Wave Chart

Attached Image (click to enlarge)

Attached Image (click to enlarge)

Will Trump’s Remark Cap the US Dollar Strength?

In an interview with CNBC last Thursday, President Trump indicated that he is not thrilled about interest rate hikes. He went on to say that he did not agree with the Fed’s decision to keep raising the rate. Trump argued that the higher rate puts the U.S. at a disadvantage compared to the European Union and China. His remark suggests that he believes the rate disparity is one of the reasons for the big trade imbalance.


One day later on Friday, President Trump doubled down on his criticism of the Fed and global monetary policy in his tweet. He first accused the European Union and China of manipulating their currencies and interest rates lower to the detriment of the U.S.

He then attacked the Fed for tightening the monetary policy as it thwarts the economic recovery and everything he has done to level the playing field between the U.S. and other nations. The president thus looks to be lining up Fed Chairman Jerome Powell to be the fall guy if the president’s trade and tax policies don’t succeed.


Right after Trump’s tweet, it was the US Dollar’s turn to “drop like a rock”. EURUSD soared from 1.1645 to 1.1722. USDJPY dropped from 112.45 to 111.72, while USDCAD collapsed from 1.325 to 1.311.

A White House aide however said that President Trump is aware of the Fed’s independence. The aide added that Trump is not putting any pressure on the Fed and merely expressing his opinion. The Fed funds future market is currently pricing in an 89% chance of a September hike and 58% chance of a December hike.
Short Term Outlook for the US Dollar

We use USDPLN (Poland’s Zloty) as a proxy to tell us the direction of the US Dollar. The pair has a very strong correlation with U.S. Dollar Index (DXY) which makes it a good pair to analyze. The rally from 1.25.2018 low to 3.8 high appears to be taking the form of Elliott Wave Impulse. The correction so far seems to be missing another leg lower and the remark by President Trump may be the catalyst for the pair to see 1 more leg lower next week.
If pair breaks below the proposed wave A at 3.66 next week, then it should see more downside to 3.565 – 3.598. This should drive U.S. Dollar down across the board. We won’t wait too long to see if we can get a short term follow up to the U. S. Dollar weakness next week. You can also watch this video analysis on the longer term U.S. Dollar view “Is U.S. Dollar About to Turn?”
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Elliott Wave Analysis: Amazon May Start Another Extension Higher
Amazon ticker symbol: $AMZN short-term Elliott wave analysis suggests that pullback to $1646.48 low ended intermediate wave (2). Above from there, the stock is rallying higher in intermediate wave (3) higher. The internals of that extension higher is unfolding as Elliott wave impulse structure with sub-division of 5 waves structure in lesser degree Minor wave 1, 3 and 5.
Above from $1646.48 low, the rally to $1858.88 high ended Minor wave 1. The internals of that rally higher took place in another 5 waves impulse sequence in lesser degree cycles. The first leg of a rally to $1725 high ended Minute wave ((i)) as Leading diagonal structure. Then the pullback to $1682.15 low ended Minute wave ((ii)) pullback as a Zigzag correction. Up from there, the rally higher to $1841.95 ended Minute wave ((iii)) in 5 waves. Minute wave ((iv)) pullback ended at $1791 low, and Minute wave ((v)) of 1 ended at $1858.88 high.
Below from there, the stock did a 3 wave pullback in Minor wave 2, which is proposed to have completed the correction against $1646.48 cycle low. After reaching the blue box 100%-123.6% Fibonacci extension area at $1786.77-$1775.40. However, a break above $1858.88 high remains to be seen to validate this view & until then, a double correction lower in Minor wave 2 can’t be completely ruled out. Near-term, while dips remain above $1769.99 low and more importantly above $1646.88 low the stock is expected to resume the upside. We don’t like selling it.
Amazon 1 Hour Elliott Wave Chart

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Attached Image (click to enlarge)

Bitcoin Elliott Wave Analysis: Close to Ending 5 Waves
Bitcoin Ticker symbol: $BTCUSD short-term Elliott wave analysis suggests that the decline to $6072 low ended Minor wave 2 pullback. The internals of that pullback unfolded as Elliott wave Flatcorrection where Minute wave ((a)) ended in 3 swing at $6445.31 low. Minute wave ((b)) bounce ended in 3 swing at $6820 high and Minute wave ((c)) ended in 5 waves structure at $6072 low.
Above from there, the Bitcoin’s rally to $7696.88 high ended Minor wave 3. The internals of that rally higher unfolded as Elliott wave impulse structure where Minute wave ((i)) ended in 5 waves at $6337.25, Minute wave ((ii)) ended at $6121.01, Minute wave ((iii)) ended in 5 waves at $7599.98, Minute wave ((iv)) ended at $7338.91 and Minute wave ((v)) of 3 ended at $7696.88 high.Down from there, the pullback to 7253.21 low ended Minor wave 4.
The rally higher in Minor wave 5 is nesting higher as impulse structure looking to extend higher 1 more time approximately towards $8678.62 0.764% Fibonacci extension area of Minor 1+3 to end the Minor wave 5. The move higher should also complete cycle from 6/29 low in intermediate wave (A) of a possible Zigzag structure. Afterward, the instrument is expected to do a pullback in intermediate wave (B) in 3, 7 or 11 swings to correct cycle from 6/29 low before another extension higher in intermediate wave (C) is seen. We don’t like selling it.
Bitcoin 1 Hour Elliott Wave Chart

Attached Image (click to enlarge)

Attached Image (click to enlarge)

Elliott Wave Analysis: DAX Ready For Rally Higher?
DAX short-term Elliott wave analysis suggests that the pullback to 6.28.2018 low ended intermediate wave (2) at 12088.56. Up from there, the rally higher to 12769.8 higher ended Minor wave 1. The internals of that rally higher took place as impulse structure with internal sub-division of 5 wave structure in Minute wave ((i)), ((iii)) & ((v)). On the other hand, Minute wave ((ii)) & ((iv)) took place in 3 waves corrective structure.
Above from 6.28 low cycle, the rally higher to 12369.5 high ended Minute wave ((i)). Down from there, the pullback to 12115 low ended Minute wave ((ii)). The rally higher from there took place in 5 waves structure & ended the Minute wave ((iii)) at 12630 high. Below from there, the pullback to 12513.5 ended Minute wave ((iv)) as a contracting triangle. The final rally higher from there ended Minute wave ((v)) of 1 at 12769.5 peak. Down from there, the correction against 6.28.2018 low cycle completed Minor wave 2 at 12454.5 low after reaching the blue box area at 12540.50-12446.86 100%-161.8% Fibonacci extension area. Near-term, while dips remain above 12454.5 low and more importantly above 12088.56 low, expect the Index to resume the upside in Minor wave 3 higher. We don’t like selling it.
DAX 1 Hour Elliott Wave Chart

NIKKEI: Elliott Wave Forecasting The Rally

Hello fellow traders. In this technical blog we’re going to take a quick look at the past Elliott Wave charts of NIKKEI published in members area of the website. As our members know NIKKEI has been correcting the cycle from the 3/26 low (20190). We expected price to reach extreme zone at 21994-21377 to complete cycle from the May peak. Because of previous bullish trend, we knew that buyers will appear in that area. We expect a turn higher toward new highs or larger 3 wave bounce at least. Below, we’re going to explain the forecast and Elliott Wave analysis.
NIKKEI 4 Hour Elliott Wave Analysis 6.30.2018
The Index is doing correction against the 3/26 low (20190), which is unfolding as Elliott Wave Double Three Pattern. On June 25th we got break of 06/19 low ( marked as wave ((w)) black on the chart). That break has made cycle from the 06/12 peak incomplete to the downside. Consequently we assumed that another leg lower should follow toward extremes from the 05/21 peak : 21994-21377 ( potential buying zone). Proposed area matches with ((w))-((x)) equal legs. At that area buyers should appear for further rally to new high or 3 waves bounce at minimum.

NIKKEI 1 Hour Elliott Wave Analysis 7.2.2018
After sideways consolidation we finally got the proposed leg down. The price has reached 4 hour reversal area at 21994-21377 , according to previous chart. Although the price is at the extreme, there is no sign yet that pull back is completed. Current short term view suggests that we still can get another leg down to reach 1h extremes at 21705-21531 area.

NIKKEI 4 Hour Elliott Wave Analysis 7.23.2018
We got proposed extension lower and shortly after the Index found buyers. We got a turn higher from blue box area as expected. As a result members who took long positions are now enjoying profits. All long positions should be risk free.
Note: We have removed some labeling in order to protect clients’ privileges. Keep in mind market is dynamic and presented view could have changed in the mean time. Not every chart is a Trading Signal. Best instruments to trade are those having incomplete bullish or bearish swings sequences. We put them in Sequence Report and best among them are shown in the Live Trading Room.

Elliott Wave Forecast
We cover 78 instruments in total, but not every chart is a trading recommendation. We present Official Trading Recommendations in Live Trading Room. If not a member yet, Sign Up for Free 14 days Trial now and get access to new trading opportunities. Through time we have developed a very respectable trading strategy which defines Entry, Stop Loss and Take Profit levels with high accuracy.
Welcome to Elliott Wave Forecast !

SPX Elliott Wave Analysis: Next Leg Higher May Have Started
SPX short-term Elliott Wave analysis suggests that the decline to $2691.99 low ended intermediate wave (2) pullback. Above from there, the rally is taking the form of an impulse Elliott wave structure. The internal subdivision of each leg higher unfolded in 5 waves (i.e Minor wave 1, 3 and 5). On the other hand, Minor wave 2 & 4 are expected to take the form of any 3 wave corrective sequence i.e zigzag, double three, Flat etc.
Up from $2691.99 low, the rally higher to $2743.26 high ended Minute wave ((i)) in 5 waves. The pullback in Minute wave ((ii)) ended at $2698.95, Minute wave ((iii)) ended in 5 waves at $2804.53 high. Then the pullback in Minute wave ((iv)) ended at $2789.24 low. And Minute wave ((v)) rally ended as ending diagonal at $2816.76 high. This rally also completed Minor wave 1. Down from there, the pullback to $2794.63 low ended Minor wave 2 as Elliott wave Zigzag correction.
Above from there, the index has managed to make a new high above $2816.76 peak confirming the next extension higher in Minor wave 3. Near-term, while dips remain above $2794.63 low and more importantly the pivot from $2691.99 low stays intact the index is expected to see more upside extension. We don’t like selling it and expect dips to remain supported in 3, 7 or 11 swings against $2794.63 low in the first degree.
SPX 1 Hour Elliott Wave Chart

Market Nature and the Art of trading it.

Nature, in the broadest sense, is the natural, physical, or material world or universe. “Nature” can refer to the phenomena of the physical world, and also to life in general. The study of nature is a large, if not the only, part of science. Although humans are part of nature, human activity is often understood as a separate category from other natural phenomena which is called Human Nature, like us everything has its own Nature and the Market, of course, has its own Nature, which we in https://elliottwave-forecast.com/ call it the Market Nature. The Market by definition is a medium that allows buyers and sellers of a specific good or service to interact in order to facilitate an exchange. The market can be as simple as a Marketplace or The Market in which we trade either currencies, security or all any type of instruments either online or through an institution. Many Traders come and go and many end up losing money, we have long believed the reason why they lose is that like in Life Human tend to live and never understand their own Nature, Many trades tend to trade without understanding Market NATURE. Market is not as wild and unforecastable as many believe, on the other hand, Market follow patterns and cycles and most of the time follow the same Math code and sequences, Mr. Elliott around 1930 saw the patterns and named The Elliott wave Theory, which was at that time the early stages of discovering the Market NATURE, he notice the advances in 5 waves and then the 3 waves back against the main trend. Yes, that is true and can be seen most of the time in Indices and Stocks, but very hard to see it in Forex. To Mr. Elliott credit the discovered or observation was based in Indices and he did not work into either committees or forex. The Elliott wave Theory is subject by Nature and we do understand that reason why we do not only trade base in the Theory, we have observed the Market over the years and have added a lot of new tools, like cycles, distribution, correlations, ranking among currencies and most important sequences, which come with the Market Nature. The Elliott wave Theory mention the idea that Market trend in 5 waves and pullback in 3 waves, like the chart shown below.

That was Mr. Elliott biggest theory, we believe that part is correct and that at the end every 5 waves ended becoming a 3 waves in the higher time frame, but yes sometimes the Market advances in an impulse way and the sequences goes in 5-9-13-17-21-25 and consequently in ascending numbers of 4, which is shown in the chart below.

The other sequences is the corrective sequences which Mr Elliott identify as ABC or WXY which they runs in sequences of 3-7-11-15-19-23 and consequently in numbers of 4 .

The above chart is a WXY and it is showing a 7 swing structure, which come in 2 sets of 3 waves in which is set is 7 swings and all together 15 swing.
This sequences is the ruling sequences because it works in both side of the trend and because like we explained early there is not an infinity cycle, which make the previous statement in which each 5 waves become a 3 waves in higher degree. We have added all this discovery to the Theory and have developed a system in which we used the tools previously mentioned and then trade accordingly to the Market Nature of 5-9-13 or 3-7-11. The system is very simple, it is locating The right side in each time frame and then trading the right side in 3-7-11 which is the corrective nature of the Market. As always said we are not Market Makers, but we do understand the Nature, each time frame has its own right side and also its own invalidation level, so what we do is locating the right side, we placed a tag in the chart saying The Right Side , then knowing the nature of the Market, we placed the Blue Boxes which are related to the sequences and also the math which is trade by the High-Frequency machines, we sell/buy with The right side in 3-7-11 as far as the Invalidation level hold in distribution or price. The following chart is showing the idea in the Nikkei.

It is a very simple way to trade the Elliott wave theory and take away the subjects nature. We develop a system based on the Market NATURE combined with other tools. Every Human need to understand its own Nature to be successful in life, every trader need to understand Market Nature to become a successful trader. Learn and trade the right side.

SPX Elliott Wave Analysis: Buying Opportunity Soon
SPX Short-term Elliott Wave analysis suggests that the pullback to $2691.80 low on 6.28.2018 ended intermediate wave (2). Above from there, the rally higher to $2848.03 peak ended Minor wave 1. The internals of that rally higher took the form as impulse Elliott wave structure where Minute wave ((i)), ((ii)) & ((iii)) unfolded in 5 waves structure & wave ((ii)) & ((iv)) unfolded in 3 swings corrective sequence.
Up from $2691.8 low, the rally higher to $2743.26 high ended Minute wave ((i)) in 5 waves. The pullback to $2698.95 ended Minute wave ((ii)) and the rally higher to $2804.53 high ended Minute wave ((iii)) as 5 wave structure. From there, Minute wave ((iv)) pullback ended at $2789.24 low and the rally higher to $2848.03 peak ended Minute wave ((v)) which also completed Minor wave 1.
The Index is now correcting cycle from 6.28.2018 low within wave 2 in 3, 7 or 11 swings before further upside is seen. Near-term focus remains towards $2783.14-$2759.10, which is 100%-161.8% Fibonacci extension area of ((w))-((x)) to end the 3 swings pullback in Minor wave 2. Buyers should appear from the above area either for new highs or for 3 waves reaction higher at least. We don’t like selling it.
SPX 1 Hour Elliott Wave Chart

Attached Image (click to enlarge)

Attached Image (click to enlarge)

Nifty Elliott Wave Analysis: Rallying Higher as Impulse
Nifty Elliott wave analysis suggests that the rally to 11171.55 high ended primary wave ((3)). Down from there, the decline to 9951.9 low ended primary wave ((4)) pullback. The internals of that pullback unfolded as Elliott wave double three structure with sub-division of 3-3-3 corrective swings in each leg. Down from 11171.55 high, the initial decline to 10276.3 low ended intermediate wave (W) as a Flat. Then the bounce to 10637.8 high ended intermediate wave (X) bounce. And the decline to 9951.9 low ended intermediate wave (Y) of ((4)) as Elliott Wave Flat.
Up from 9951.9 low, primary wave ((5)) remains in progress as impulse where intermediate wave (1), (3) & (5) are expected to unfold in 5 waves advance within lesser degree cycles. Whereas intermediate wave (2) & (4) are expected to unfold in 3 waves corrective sequence in lesser degree cycles. Above from 9951.9 low, the rally higher to 10929.2 high ended intermediate wave (1) in 5 waves structure. Down from there, the pullback to 10404.62 low ended intermediate wave (2) in 3 swings.
Above from there, the index is nesting in intermediate wave (3) higher. Where Minor wave 1 ended at 10893.25. And the Minor wave 2 ended at 10557.7 low. Near-term focus remains towards 11458.50-11584.44 100%-123.6% Fibonacci extension area of Minute wave ((i))-((ii)) to end the lesser degree Minutte wave (i). Later on, the index is expected to do a pullback in Minutte wave ((ii)) in 3, 7 or 11 swings before further upside is seen. We don’t like selling the index and prefer more upside as far as a pivot from 10404.62 low stays intact.
Nifty 4 Hour Elliott Wave Chart

Attached Image (click to enlarge)

Attached Image (click to enlarge)

Elliott Wave Analysis: OIL Starting The Next Leg Lower
OIL short-term Elliott wave analysis suggests that the bounce to $71.13 high ended primary wave ((B)) bounce against 7/03/2018 peak ($75.27). Primary wave ((C)) lower currently remains in progress as Elliott Wave impulse structure looking for more downside. Down from $71.13 high, the decline to $67.96 low ended intermediate wave (1) in 5 waves structure. Above from there, the bounce to $70.43 high ended intermediate wave (2). The internals of Intermediate wave (2) unfolded as Elliott Wave double three structure where the initial rally to $69.92 completed Minor wave W of (2) as a Flat.
The subsequent pullback to $68.26 low ended Minor wave X of (2) as Elliott Wave Zigzag correction. Finally, the third leg higher in Minor wave Y of (2) ended at $69.92 high as Zigzag structure. Down from there, Intermediate wave (3) lower is in progress as an impulse and started nesting with Minor wave 1 ended in 5 waves at $67.31 low. Up from there, Minor wave 2 recovery remains in progress in 3, 7 or 11 swings & expected to fail below $70.43 high in first degree and against $71.13 in the second degree for more downside. As far as rally fails below 71.13, expect Oil to see further downside.
OIL 1 Hour Elliott Wave Chart

Attached Image (click to enlarge)

Attached Image (click to enlarge)

GBPCAD Elliott Wave Forecasting The Decline

In this technical blog we’re going to take a quick look at the past Elliott Wave charts of GBPCAD published in members area of the website. As our members know GBPCAD has ended the cycle from the 1.84172 peak on May 30th. Proposed cycle has ended as 5 waves structure while recovery against the mentioned peak has been unfolding as Elliott Wave Double Three Pattern. Due to 5 waves structure from the peak, we knew the price should ideally find sellers in bounces in 3,7,11 swings.
GBPCAD 4 Hour Elliott Wave Analysis 6.21.2018
As of right now, the pair is correcting cycle from the 1.84172 peak. The price is showing incomplete sequence in the short term cycle from the May 30th low. We’re looking for another swing up toward 1.77328-1.799 area to complete proposed recovery. At mentioned zone the pair should find sellers either for further decline or 3 wave pull back alternatively.


GBPCAD 1 Hour Elliott Wave Analysis 7.6.2018
Eventually the price gave us forecasted leg up and reached reversal area at 1.77328-1.7999. The pair found sellers and wave (B) blue recovery ended there at 1.7778 high . Now as far as that pivot holds, more downside should ideally follow.
As we can see on the chart below, GBPCAD is correcting the decline from the 1.7778. Proposed short term bounce has scope to make Double Three Pattern ((w))((x))((y)) toward 1.7466-1.7566 where sellers should appear again.
We would like to see break below 05/30 low in order to get confirmation that next leg down is in progress.
Keep in mind market is dynamic and presented view could have changed in the mean time. Not every chart is Trading Signal. Best instruments to trade are those having incomplete bullish or bearish swings sequences. We put them in Sequence Report and best among them are shown in the Live Trading Room.

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EURAUD Elliott Wave Analysis: Calling The Bounce From Inflection Area

Hello Traders, In this blog, I want to share with you our recent Elliott Wave charts of EURAUD which we presented to our members. Below, you see the 1-hour updated chart presented to our clients on the 07/26/18 suggesting that EURAUD ended the correction from 07/20 peak in red wave 2.
EURAUD ended the cycle from 07/19 low at the peak of 07/20 peak in red wave 1. Below from there, it reached the equal legs extreme area (1.57556-1.56833) from 07/20 peak. Due to the right side bullish stamp, which you can see in the chart below. We advised our clients that we like buying EURAUD at the equal legs from 07/20 peak. Therefore, we expected buyers to appear in the dips in the sequences of 3, 7 or 11 swings. At the 100 – 1.236 Fibonacci extension of black ((a))-((b)). Which came at around 1.57556-1.56833 area. Hence why we advised our members to buy the pair at that equal legs area (1.57556-1.56833) ideally for new highs or a larger 3 waves bounce at least. You can see that EURAUD reached our blue box area and bounced higher. In that bounce, our members created a risk-free position.
EURAUD 07.26.2018 1 Hour Chart Elliott Wave Analysis


In the last Elliott Wave chart, you can see that EURAUD continued the bounce nicely higher. In between the Elliott Wave counts have changed. However, our risk-free long position from the blue box area is doing great and our members are enjoying the rally so far. Do please keep in mind that the 1-hour chart which I presented here can have changed in the meantime. Therefore, I can suggest you, to take our special Summer Promotion Discount below. If you want updates every day.
EURAUD 07.30.2018 1 Hour Chart Elliott Wave Analysis


I hope you liked this blog and I wish you all good trades and if you are interested in learning more about our unique blue box areas and also want to trade profitably then sign up for our Summer Promotion and get 30% Discount on all plans!!
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