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

NASDAQ Elliott Wave Analysis: Ready To Rally Higher?
NASDAQ futures: ticker symbol NQ_F short-term Elliott wave analysis suggests that the decline to $7167.37 low ended intermediate wave (2) pullback. The internals of that pullback unfolded as Elliott Wave Flat correction where Minor wave A ended at $7311.50 low. Above from there, the bounce to $7530 high ended Minor wave B bounce as Elliott wave Zigzag where Minute wave ((a)) ended at $7489.75 high, Minute wave ((b)) pullback ended at $7386.75 low and Minute wave ((c)) of B ended at $7530 high.
Down from there, the index declined in 5 waves lower within Minor wave C. The first leg lower Minute wave ((i)) ended at $7388.5. Up from there, the bounce to $7467 high ended Minute wave ((ii)) and then the decline to $7263.50 low ended Minute wave ((iii)). Minute wave ((iv)) bounce ended at $7309.25 and the last leg Minute wave ((v)) of C ended at $7167.37 low. This last leg also completed Intermediate wave (2) pullback. Near-term, while dips remain above $7167.37 low, expect the Index to do a nesting to resume the the next leg higher. A break above $7530 (irregular wave B) however is needed for final confirmation to avoid a double correction lower. We don’t like selling the index.
NASDAQ 1 Hour Elliott Wave Chart

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USDCAD Elliott Wave Analysis- Right Side And Inflection Area

USDCAD Elliott Wave Analysis and swing analysis suggests pair is showing 5 swings up from 9.8.2017 low. Impulsive sequence runs in 5, 9, 13, 17 and so on whereas corrective sequence runs in 3,7,11,15 and so on. Daily chart below shows the move up from 9.8.2017 low is overlapping and hence it’s corrective in natures and not impulsive. This means 5 swings is an incomplete sequence and pair is need of 7th swing to complete a 7 swings sequence up from 9.8.2017 low.
USDCAD Elliott Wave Analysis – Daily Swings Sequence
Chart below shows the swings sequence up from 9.8.2017 low where rally to 1.2916 (10.27.2017) completed swing 1, drop to 1.2250 (1.31.2018) completed swing 2, rally to 1.3124 (3.19.2018) completed swing 3, pull back to 1.2527 (4.17.2018) completed swing 4 and rally to 1.3386 (6.27.2018) completed swing 5, current pull back should complete swing 6 and should ideally stay above the trend line which connects swings 2 and 4 on a closing basis. The trend line is currently at 1.2949. After 6th swing is complete, we expect the pair to rally towards 1.3591 – 1.3844 area (100 -123.6 extension area of the first 3 swings) to complete a 7 swings sequence from 9.8.2017 low.

USDCAD 4 Hour Elliott Wave Analysis
USDCAD Elliott Wave Analysis in 4 hour time frame shows the structure of the 6th swing. It is proposed to be unfolding as a double three Elliott wave structure and expected to complete soon. Chart below shows a right side green up arrow which indicates the right side in this time frame is to the upside and thus, we would only be looking for buying opportunities in this time frame in the sequences of 3, 7 or 11 swings. In this case, correction has taken the form of 7 swings and blue box (1.2976 – 1.2780) represents the inflection area where correction is expected to complete and rally is expected to resume for new highs or produce a 3 waves bounce at least to allow buyers to create a risk free position.

Poundsterling Remains Weak Despite BOE Rate Hike

Poundsterling Slumped after Rate Hike Decision
The Bank of England raised benchmark interest rate to 0.75% with unanimous 9-0 vote. Poundsterling initially rallied but subsequent press briefing reversed those early gains. Despite the uncertainty in Brexit talks, BOE policy makers went ahead with the rate hike due to mounting price pressure. Governor Mark Carney suggested that Brexit negotiations have entered a critical period and BOE is prepared for all scenarios.

Governor Mark Carney however gave no indication of the need to accelerate the rate hike. Carney said that further rate rises will be limited and gradual. The market seems to agree that it will be difficult for BOE to hike aggressively in coming months with so much political uncertainty. Poundsterling initially rose following the rate decision, but reversed those gains and slumped as much as 0.9% when Carney addressed the press. Current market expectation readings signal that another 25 basis point increase isn’t likely until the first quarter of 2020.

GBPCAD Showing Bearish Sequence and Looking for Further Downside

GBPCAD is showing an incomplete sequence from 3.19.2018 high, favoring more downside. While the pair stays below 1.777, it has further downside target to 1.612 – 1.644 area. The current decline from 3.19.2018 high either takes the form of a double three Elliott Wave Structure or WXY or a zigzag ABC. Both possibilities however have the same result, which is further downside in the pair as far as pivot at 1.777 high remains intact. Currently the market’s primary concern remains a no-deal Brexit and until the situation becomes clearer, it’s going to be hard for Sterling to stage a lasting rally.
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Dow Futures (YM_F) Elliott Wave View: Reacting Higher From Blue box
Dow Futures ticker symbol: YM_F short-term Elliott wave view suggests that the rally from 6/28/2018 low cycle to 25572 high on 7/27/2018 peak ended Minor wave 1. The internals of that rally higher took place as an impulse structure with sub-division of 5 waves structure in each leg higher. Down from there, the index corrected the 6/28/2018 cycle in 3 swings pullback & ended Minor wave 2 at 25086 low.
The internals of that pullback unfolded as Elliott wave Zigzag correction with the sub-division of 5-3-5 structure in Minute wave ((a)), ((b)), ((c)). Down from 7/27 peak, the decline to 25264 low ended Minute wave ((a)) in 5 waves structure. From there, the rally to 25486 high ended Minute wave ((b)) and the subsequent move lower to 25086 low ended Minute wave ((c)) of 2 in 5 waves structure. Minor wave 2 ended within the 25174 – 25100 area, which is 100%-123.6% Fibonacci extension of ((a))-((b)), as indicated by the blue box.
Up from 25086, the index is reacting higher in 3 swings so far and longs from blue box area should be risk-free (stop loss at break even) already. The right side tag, combined with the blue box, help to identify the right trading strategy. Near-term, as far as dips remain above 25086 low, the right side of the market remains to the upside. Expect the Index to resume the next extension higher in Minor wave 3, but a break above 25572 high remains to be seen for final confirmation and to avoid double correction lower in Minor wave 2 pullback. We don’t like selling it.
YM_F 1 Hour Elliott Wave Chart

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GBPUSD Elliott Wave Analysis: Right Side Calling Lower
GBPUSD short-term Elliott Wave analysis suggests that the decline from 7/09/2018 peak (1.3361) is unfolding as Elliott wave zigzag when Minor wave A ended in 5 waves structure at 1.2956 low. Up from there, the bounce to 1.3214 high ended Minor wave B. The internals of that bounce unfolded as a Double three structure where Minute wave ((w)) ended at $1.3157. Minute wave ((x)) ended at 1.3070 low. And Minute wave ((y)) of B ended at 1.3214 high.
Down from there, Minor wave C remains in progress in another 5 waves. The internals of wave C is unfolding as an impulse & decline to 1.3081 ended Minute wave ((i)) in 5 waves. Up from there, the bounce to 1.3173 high ended Minute wave ((ii)) in 3 waves. Afterwards, pair declined lower in another 5 waves structure with lesser degree cycles showing sub-division of 5 waves structure. And ended Minute wave ((iii)) at 1.2918 low. Above from there, Minute wave ((iv)) is proposed complete at 1.2974 high. At this stage, a break below 1.2919 low remains to be seen for final confirmation and to avoid double correction in Minute wave ((iv)).
Near-term, while bounces fail below 1.2974 high and more importantly the pivot from 1.3214 high stays intact, expect pair to resume lower in Minute wave ((v)) before ending Minor wave C. The minimum extension area for Minute wave ((v)) i.e inverse 1.236%-161.8% Fibonacci extension area of Minute wave ((iv)) comes at 1.2906 – 1.2884. In case of further extension, Minute wave ((v))=((i)) target area can reach 1.2842 – 1.2810 before ending the zigzag structure & a bounce could then take place. We don’t like buying the pair as the right side tag is calling the pair lower.
GBPUSD 1 Hour Elliott Wave Chart

OIL Elliott Wave Analysis: Extending to the Downside
Oil ticker symbol: CL_F short-term Elliott wave analysis suggests that the bounce to $70.44 high ended intermediate wave (2). The internals of that bounce took place as Elliott wave double correction where Minor wave W ended in 3 swings at $69.92. From there, the pullback to $68.26 completed the Minor wave X in 3 swings. Then a bounce higher to $70.44 high ended Minor wave Y in another 3 swings & also completed Intermediate wave (2).
Down from there, the decline is taking place as Elliott wave impulse within intermediate wave (3) lower with the sub-division of 5 waves structure in Minor wave 1, 3 & 5. The initial decline from $70.44 high to $66.92 low ended Minor wave 1 of (3). The lesser degree cycles within that decline also unfolded in 5 waves structure & ended Minute wave ((i)) at $69.91. Minute wave ((ii)) ended at $70.22, Minute wave ((iii)) ended at $67.31 low, Minute wave ((iv)) bounce ended at $68.15 and Minute wave ((v)) of 1 ended at $66.92 low. Above from there, the bounce to $69.92 high ended Minor wave 2.
The internals of Minor wave 2 unfolded in 3 swings as Elliott wave zigzag correction where Minute wave ((a)) ended in 5 waves at $69.36. Minute wave ((b)) ended at $67.87 low and the bounce to $69.92 high ended Minute wave ((c)) of 2. Down from there, Minor wave 3 remain in progress in another 5 waves and as far as bounces fail below $69.92 high and more importantly the pivot from $70.44 high stays intact instrument is expected to see more downside. We don’t like buying it as the right side tag is lower.
OIL 1 Hour Elliott Wave Chart

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Trading Elliott Wave Charts with the Right Side Tag and Blue Boxes

One of our goals at Elliottwave-Forecast is to figure out the best way to present Elliott Wave charts in such a way that non-technical traders can easily understand our view and know what they need to do. To this end, we implement the Right Side Tag and Blue Boxes on our charts as visual aids to traders. We believe we have a great system which complement Elliott Wave and improve the objectivity in the analysis. Combined with these two features on our charts, traders can benefit our analysis without having to understand a lot of the details behind the technical charts.
In this article, we will talk briefly about what additional tools we use to complement Elliott Wave. We then explain how to trade our Elliott Wave charts easily. The additional technical tools we employ include:

1. Pivot system: This is our proprietary system which uses a combination of distribution and some momentum indicators such as RSI, CCI, and Stochastic RSI to determine the cycle position of an instrument. The pivot system can tell us ahead of time whether a cycle has ended even.
2. Correlation: We strongly believe in the One Market Theory. We believe we shouldn’t forecast an instrument in isolation. Knowing the overall market and different asset classes are important to forecast an instrument more accurately.
3. Sequence: We develop our unique sequence technique with corrective sequence unfolding in 3, 7, 11 swing and motive sequence unfolding in 5, 9, 13 swing. The sequence tool helps us to know the right side of the market.

Each technical tool above requires a separate article to talk more in depth. However, it’s not the objective of this article to explain the technical tools above in details. Moreover, traders also do not need to understand them to be able to trade easily using our charts. We do all the rigorous analysis and present our findings on the chart so traders can follow easily. Let’s take a look at the two main features in our Elliott Wave charts:
1. Right Side Tag
There are four different tags we use:

The Right Side Tag makes it very clear and easy for traders to execute trade based on our charts. Traders should only buy the dips when the chart shows the right side is higher in green. Traders should not try to sell any pullback even if our chart is calling for it when the right side is higher. Conversely, when the chart shows the right side is lower in red, traders should only attempt to sell rallies. If the right side tag is black in color, this means the right side is not clear. This can be because the instrument is trading sideways or in a choppy manner.
2. Blue boxes
The blue box is a high frequency inflection area in which the instrument could start turning the other way. It’s the area in which traders can attempt to enter the market in the direction of the right side tag. For example, if the right side tag is higher, then traders can attempt to buy pullback in the blue box. For those who would like to know the technical background behind the blue box, it’s based on 100% – 161.8% Fibonacci extension in 3, 7, or 11 swing corrective sequence. However, traders do not need to understand how the blue box is calculated in order to trade our charts properly. The blue box is simply the area that traders can execute the trade.
Putting The Features Together and Trading EWF Elliott Wave Charts

Let’s use an example on how traders can use the two features in our charts. Above shows 4 hour chart of AUDNZD per July 30, 2018. The chart shows a clear “Right Side Higher” tag with invalidation level of 1.0654. This means traders should not try to sell the pair even if it can extend lower a little bit more. Traders need to buy the dips instead and the blue box is the area in which the turn higher can happen. Thus, traders can look to buy the pullback at 1.0744 – 1.0838. Traders need to decide themselves the exact level to buy, but we present the area in which we believe pair has a high chance of at least turning higher in 3 waves. Traders also still need to calculate position size carefully when entering into trade in blue box with stop loss below the lower end of the blue box so risk is limited to maximum 2% of capital.
Below is how the pair has performed since then

Pair reached the upper level of the blue box and then resumes higher as expected. Traders who follow our charts and buy at the blue box now should move stop loss to entry level and have a risk free trade.
Regardless how long you have been trading and how knowledgeable you are in technical trading, it’s easy to trade using our charts. Just trade following the right side tag, enter at the blue box, and apply proper risk management by calculating position size to stay within 1-2% risk. If you want to learn more about our services, welcome to try our 14 days FREE Trial here –> I want to get my 14 days FREE Trial
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Dow Jones Elliott Wave Analysis: Inflection Area Called The Bounce

In this blog, I want to share some short-term Elliott Wave charts of the Dow Jones Industrialwhich we presented to our members in the past. Below, you see the 1-hour updated chart presented to our clients on the 08/02/18 indicating that Dow Jones ended the cycle from 07/27 low in red wave 1.
As Dow Jones ended the cycle from 06/27 low, at the high of around 25574 (07/27 peak). It started a pullback lower in red wave 2. The pullback proposed to unfolded as an Elliott Wave ZigZag structure. Due to the right side bullish stamp, which you can see in the chart below. We advised members that we like buying Dow Jones at the equal legs from 07/27 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 25172-25098 area. And that was the first area for buyers to appear to take prices to new highs above red wave 1 peak or a larger 3 waves bounce at least.
Dow Jones Future 08.02.2018 1 Hour Chart Elliott Wave Analysis



In the last Elliott Wave chart, you can see that Dow Jones reached the blue box area (25174-25100) and bounced nicely higher. Due to the right side tag in our chart, long trades in the blue box area were authorized accordingly to our trading system. So the equal legs blue box was a buy trade and any trade from that area are risk-free by now, targeting higher levels. Depending on speed and time, partial profits on this trade are possible. Do please keep in mind that the 1-hour chart which I presented can have changed already. Therefore, I can suggest you, to take our special Summer Promotion Discount below. If you want updates every day.
Dow Jones Future 08.06.2018 1 Hour Chart Elliott Wave Analysis


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EURJPY Elliott Wave Analysis: Nearing 3 Wave Bounce?
EURJPY short-term Elliott wave analysis suggests that the decline from 7/17/2018 peak (131.97) is unfolding as 5 leading diagonal structure in Minor wave A of a possible zigzag correction. The initial decline to 129.39 low ended Minute wave ((i)). Then Minute wave ((ii)) bounce ended at 131.13 as a Flat. Down from there, Minute wave ((iii)) ended at 128.49. The lesser degree cycle of Minute wave ((iii)) also unfolded in 5 waves structure where Minutte wave (i) ended at 130.54. Minutte wave (ii) ended at 131.09, Minutte wave (iii) ended at 129.19 low. Minutte wave (iv) ended at 129.52 low and Minutte wave (v) of ((iii)) ended at 128.49 low.
Up from there, the bounce to 129.47 high ended wave ((iv)) as a Flat correction. Below from there, Minute wave ((v)) is taking place at the moment in another 5 waves structure looking to extend lower 1 more time approximately towards 127.44 200% inverse extension area of Minute wave ((iv)) before ending the Minor wave A lower. In case of further downside extension area, the pair can see 127.29-126.78 100%-123.6% Fibonacci extension area of ((v))=((i)) target area as well before ending Minor wave A lower. Afterwards, the pair is expected to do a bounce in Minor wave B in 3, 7 or 11 swings before pair turns lower again. We don’t like buying the pair.
EURJPY 1 Hour Elliott Wave Chart

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DAX Elliott Wave Analysis: Bounce Can be Temporary
DAX short-term Elliott wave analysis suggests that the rally to 12882.05 high ended Minor wave X bounce. The internals of that bounce unfolded as Elliott wave double three structure where Minute wave ((w)) ended at 12640.87. Minute wave ((x)) ended at 12468.68 and Minute wave ((y)) of X ended at 12882.05 high. Down from there, the decline is showing the overlapping price action suggesting that the decline in Minor wave Y is taking place as 3 wave corrective sequence i.e either ((w)),((x)),((y)) or ((w)),((x)),((y)),((x)),((z)) structure in Minute degree.
The initial decline from 12882.05 high is unfolding as Elliott wave zigzag correction in Minute wave ((w)) lower. Where minutte wave (a) ended in 5 waves structure at 12494 low. Up from there, the bounce to 12740.12 high ended Minutte wave (b) bounce in 3 swings. Decline from there is taking place in another 5 waves structure & reached the 12338.65-12245.56 100%-123.6% Fibonacci extension area of (a)-(b) to end Minutte wave (c) of ((w)). And soon, the index is expected to do a Minute wave ((x)) bounce in 3, 7 or 11 swings against 12882.05 high before further decline in Minute wave ((y)) of Y is seen. We don’t like selling it.
DAX 1 Hour Elliott Wave Chart

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GBPUSD Elliott Wave View: Calling For More Downside
GBPUSD short-term Elliott wave view suggests that the rally to 1.3215 high ended Minor wave 2 bounce. Down from there, Minor wave 3 is taking place as impulse structure with lesser degree cycles are showing sub-division of 5 waves structure lower in it’s each leg lower i.e Minute wave ((i)), ((iii)) & ((v)). While the sub-division in Minute wave ((ii)) & ((iv)) unfolded in 3 wave corrective sequence.
Down from 1.3215 high, the initial decline to 1.3081 low ended Minute wave ((i)) in 5 waves. Up from there, the bounce to 1.3172 high ended Minute wave ((ii)) in 3 swings as Elliott wave zigzag. Below from there, the decline to 1.2722 low unfolded in 5 waves & ended Minute wave ((iii)). Above from there, the bounce to 1.2826 high ended Minute wave ((iv)) in 3 swings as zigzag. Near-term focus remain towards 1.2695-1.2654 inverse 123.6%-161.8% of Minute wave ((iv)) to end Minute wave ((v)) of 3. Afterwards, the pair is expected to do a Minor wave 4 bounce in 3, 7 or 11 swings before further downside is seen. In case of further extension in Minute wave ((v)) of 3, pair can see 61.8%-76.4% Fibonacci extension area of Minute ((i))+((iii)) at 1.2521-1.2448 area as well before bounce in Minor wave 4 takes place. We don’t like buying it and prefer more downside against 1.3215 high in the first degree.
GBPUSD 1 Hour Elliott Wave Chart

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Oil Elliott Wave Analysis: Forecasting the Decline

Hello fellow traders. Today, we will have a look at some past Elliott Wave charts of Oil which we presented to our members. Below, you can find our 1-hour updated chart presented to our members on the 08/8/18.
OIl suggested that the bounce to $70.44 high ended blue wave (2). The internals of that bounce took place as Elliott wave double correction where red wave W ended in 3 swings at $69.92. From there, the pullback to $68.26 completed the red wave X in 3 swings. Then a bounce higher to $70.44 high ended red wave Y in another 3 swings & also completed blue wave (2).
Down from there, the decline took place as Elliott wave impulse within blue wave (3). The initial decline from $70.44 high to $66.92 low ended red wave 1. The lesser degree cycles within that decline also unfolded in 5 waves structure & ended black wave ((i)) at $69.91. Black wave ((ii)) ended at $70.22, Black wave ((iii)) ended at $67.31 low, black wave ((iv)) bounce ended at $68.15 and black wave ((v)) of red 1 ended at $66.92 low. Above from there, the bounce to $69.92 high ended red wave 2. As the right side tag against 70.44 was suggesting more downside, we told members that selling Oil in the 1-hour timeframe will be preferable trade at that time.
Oil Futures 08.8.2018 1 Hour Chart Elliott Wave Analysis



In the Elliott Wave chart below from the 08/09 which we presented to our clients, you can see that the instrument extend very nice in an Elliott Wave impulse structure lower. And the overall short-term view remains lower as well. However, the higher timeframe of Oil Futures like the daily and weekly remains higher. As the recent weakness is just a bigger correction. Therefore, we expect Oil to extend lower towards 62.82 – 60.84 area before the rally resumes Do please keep in mind that the 1-hour charts which I presented, can have changed already. I can suggest you, to take our special Summer Promotion Discount below. If you want updates every day.
Oil Futures 08.09.2018 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 2 for 1 on all plans!!
We believe in cycles, distribution, and many other tools in addition to the classic or new Elliott Wave Principle. To get a regular update on the market and Elliott wave charts in 4-time frames.

Can ROKU Stock price surpass $100? ElliottWave Forecast Analysis

ROKU (NASDAQ:ROKU) a streaming TV platform surged last Thursday more than 20% after the company reported better-than-expected second-quarter results.
The company currently has 22 million active users but still can’t compete with the giant Netflix (NASDAQ:NFLX) having 130 million subscriber. However, ROKU is taking serious steps to expand and not limit the product to Roku devices. It already made the move to put The Roku Channel on all internet-enabled devices.

Since its IPO, the stock price tripled and investors are looking forward for more gains. So let take a look at the daily technical Elliott Wave structure:
ROKU did an impulsive 5 waves advance from 2017 low, followed by a 3 waves pullback that found buyers at equal legs area $32.81 – $28.14 before resuming the rally higher. The stock did manage to make new all time highs so consequently it opened a new bullish sequence to the upside calling for a minimum target at $71.99. However, if we are looking for ROKU to start an impulsive move higher then it should be looking for the 3rd wave to reach / exceed the 1.618 fib ext area coming at $98 area.
ROKU Elliott Wave Daily Chart 8.13.2018

Recap
ROKU stock is showing 2 impulsive structure from 2017 and 2018 lows, therefore as long as pullbacks remain supported above $29 low then it will be looking for a continuation higher with a potential of a break above $100 at a later stage.
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USDCAD: Found Buyers in Blue Box and Rallied

Hello fellow traders. Another trading opportunity we have had lately is USDCAD. In this technical blog we’re going to take a quick look at the Elliott Wave charts of USDCAD published in members area of the website. As our members and followers know, this pair has incomplete bullish sequences in the cycle from the September 2017. low. Break of March 19th peak, has made that cycle bullish agaisnt the April 17tn low and open further extension to the upside. Consequently, we advised our members to avoid selling it and keep on buying the dips in the sequences of 3,7,or 11 swings.
Recently Daud has explained swings sequences and trading strategy in previous USD CAD blog. So our followers in social medias could have also made some benefits from this trade. Let’s take a look at the previous short term Elliott Wave forecasts.
USDCAD 4 Hour Elliott Wave Analysis 7.30.2018
Current view suggests the price is still doing pull back , correcting the cycle from the April 17th low. As we can see on the chart below, price structure of the pull back is incomlete while it has a chance to make another swing toward 1.29764-1.29017 ( buying zone). Invalidation for the long setup is break below 1.618 Fib Extension : 1.27801.
From mentioned blue box we should ideally see turn higher to complete cycle from the 09/ 2017 low. The pair is targeting 1.3591+ area per ideal scenario . Due to incomplete bullish sequences , we expect to see at least reaction from buying zone in a 3 wave bounce. As soon as the bounce reaches 50 Fibonacci retracments against the (X) blue peak, we should make long positions risk free .

USDCAD 1Hour Elliott Wave Analysis 8.13.2018
In the mean time USDCAD has given us last swing down toward our buying zone 1.29764-1.29017. Buyers have appeared shortly after and we got turn higher. Pull back wave ((X)) black is counted completed at 1.29579 low and as far as the price stays above that level, we expect more strength in the pair. Rally from the buying zone has already reached 50 Fibonacci retracement against the (X) blue peak. As a result members are now enjoing profits with risk free positions.
Short term: the pair has reached equal legs area from the 1.29579 low at 1.31578-1.3232. At that area short term buyers can be taking profits and we can see pull back before further rally ideally resumes.
Note: Market is dynamic and presented view could have changed in the mean time. Keep in mind 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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AUDUSD Elliott Wave View: More Downside Is Expected
AUDUSD short-term Elliott wave view suggests that the bounce to 0.7455 high ended intermediate wave (B). Down from there, the pair has broken to new lows confirming the intermediate wave (C) lower. The internals of the decline is unfolding as impulse where Minor wave 1, 3 & 5 are expected to unfold in 5 waves structure. While Minor wave 2 & 4 can be can be any 3 wave corrective pattern i.e either double, triple three etc.
Down from 0.7455 high, Minor wave 1 is proposed complete at 0.7201 low. The internals of that decline showing sub-division of 5 waves structure in lesser degree cycles. Where Minute wave ((i)) ended in 5 waves structure at 0.7431. The Minute wave ((ii)) bounce ended at 0.7445. Then Minute wave ((iii)) ended at 0.7249 low in lesser degree 5 waves structure. Up from there, the bounce to 0.7299 high ended Minute wave ((iv)). Below from there, the decline to 0.7201 low ended Minute wave ((v)) in lesser degree 5 waves structure and also completed Minor wave 1 of (C). Above from there, the pair is doing a Minor wave 2 recovery & expected to fail in 3, 7 or 11 swings as far as a pivot at 0.7455 high stays intact for further downside. We don’t like buying the pair & prefer more downside against 0.7455 high.
AUDUSD 1 Hour Elliott Wave Chart

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EURUSD Elliott Wave Analysis: More Weakness Expected
EURUSD short-term Elliott Wave analysis suggests that the bounce to 1.1747 high ended Minor wave 2. Down from there, Minor wave 3 ended at 1.1299 low. The internals of that decline unfolded as impulse structure with lesser degree cycles are showing sub-division of 5 waves structure lower in it’s each leg lower i.e Minute wave ((i)), ((iii)) & ((v)). While the sub-division in Minute wave ((ii)) & ((iv)) unfolded in 3 wave corrective sequence.
Down from 1.1747 high, the initial decline to 1.1529 low ended Minute wave ((i)) in 5 waves structure. The bounce to 1.1627 high ended Minute wave ((ii)). Below from there, the decline to 1.1364 low unfolded in 5 waves structure & ended Minute wave ((iii)). Up from there, the 3 wave bounce to 1.1431 high ended Minute wave ((iv)). Then the decline to 1.1299 low ended Minute wave ((v)) & also completed the Minor wave 3 lower. Above from there, Minor wave 4 bounce remains in progress in 3, 7 or 11 swings for the correction of 1.1747 high before further downside is seen provided the pivot at 1.1747 high stays intact. We don’t like buying the pair and prefer more downside against 1.1747 high in the first degree.
EURUSD 1 Hour Elliott Wave Chart

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USDPLN: One More Time Calling The Path In The US Dollar

USDPLN is always a very interesting Forex pair within the US Dollar group and most of the times shows the path for the Index. USDPLN is showing an incomplete Elliott wave swings sequence since the lows at 1.25.2018 in which the first leg was an Elliott wave impulse i.e. wave ((A)), then it did 3 waves back i.e. wave ((B)) and now showing 3 waves higher since the low at 6.7.2018. The structure from 6.7.18 should not be completed and either it is a nest higher or wave ((C)) is taking the from of a diagonal and we are still in wave (1) of ((C)) towards 3.84 – 3.89 area where as target for wave ((C)) lies in 4.08 – 4.20 area. As we shown in the chart below, new high above black ((A)) and then another new high above blue (1) peak creates the incomplete sequence which support higher USDPLN and consequently the USDX as far as pull backs stay above 7.31.2018 low and more importantly above 6.7.2018 low.
USDPLN: 4 Hour Elliott Wave View


Also, we explained at video the long term view of the $USDX, we shown the chart from 1971 in which the Deutsche Mark and $EURUSD are shown together showing 5 swings which either is 5 swings or 5 waves, if the advance is 5 swings, then the $USDX have a chance to see all time lows and 2017 peak it is a huge peak, at the other hand, if the advance is 5 waves in a form of a Diagonal, then the Index will pullback in 3 waves and this recovery is a X wave which should fail when $USDPLN reach the 4.08-4.20 area, as shown in the chart below.
USDPLN Long-Term Chart

After rejection in the blue box, expect drop in another leg before strong $USDX buyer show up around the 50-61.8% of 2008 rally and another huge Multi year rally can take place. Understanding the right side, cycles and sequences in each time frame is key, there is not need to force any side, but trade the Elliott wave Hedging is the best trade at this moment for the $USDX.
US Dollar – USDPLN and EURUSD Video

Dow Futures Elliott Wave View: Pullback Should Find Support

Short-term Elliott Wave view on YM_F (Dow Futures) suggests that the pullback to 24956 low ended Minor wave 4. Up from there, Index is rallying within Minor wave 5 to end a 5 waves up from 4/2/2018 low. Minute wave ((i)) of 5 is currently in progress with internal subdivision as an impulse structure, This suggests lesser degree cycles in the direction of trend should unfold in 5 waves structure, i.e Minutte wave (i), (iii) & (v). On the other hand, the sub-division of lesser degree cycles against the trend should unfold in 3 waves corrective sequence, i.e. Minutte wave (ii) & (iv).

Up from 24956, Minutte wave (i) ended at 25326, Minutte wave (ii) ended at 25243, Minutte wave (iii) ended at 25657, Minutte wave (iv) ended at 25506, and Minutte wave (v) remains in progress towards 25828 – 26016. The move higher should also complete Minute wave ((ii)). Index should then pullback in Minute wave ((ii)) to correct cycle from 8/15/2018 low before the rally resumes. We don’t like selling the proposed pullback and expect dips to find support in 3, 7, or 11 swing as far as pivot at 24956 low stays intact.

Dow Futures 1 Hour Elliott Wave Chart

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Attached Image (click to enlarge)

AT&T Elliott Wave View: Rallying as Impulse with Nest

AT&T (ticker symbol T) Short-term Elliott Wave view suggests that the pullback to $31.76 ended Minor wave 2. The stock is rallying from there within Minor wave 3 as an impulse structure with a nest. Up from $31.76, the rally to $33.58 ended Minute wave ((i)) of 3. The subdivision of Minute wave ((i)) is also unfolding as an impulse structure. Minutte wave (i) of ((i)) ended at $32.53, pullback to $32.13 ended Minutte wave (ii) of ((i). Minutte wave (iii) of ((i)) ended at $33.26 while Minute wave (iv) of ((i)) completed at $33.11. The last push higher to $33.58 ended Minutte wave (v) of ((i)) and completed cycle from 8/3/2018 low ($31.76). The stock is currently pulling back in Minute wave ((ii)) to correct cycle from 8/3/2018 low before the rally resumes. We don't like selling the proposed pullback and expect dips to find buyers in 3, 7, or 11 swing as far as pivot at 8/3/2018 low ($31.76) remains intact in the first degree.

AT&T 1 Hour Elliott Wave Chart

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Attached Image (click to enlarge)

AUDNZD Elliott Wave View: Further Downside Expected

AUDNZD Short-term Elliott Wave view suggests that the rally to 1.1066 ended Minor wave X. The internal subdivision of Minor wave X is unfolding as a zigzag Elliott Wave structure where Minute wave ((a)) ended at 1.1048, Minute wave ((b)) ended at 1.0992, and Minute wave ((c)) of X ended at 1.1066. A zigzag is a 5-3-5 ((a))-((b))-((c)) structure in which the subdivision of wave ((a)) and ((c)) is in 5 waves, either as impulse or diagonal.

Down from 1.1066, Minor wave Y is in progress as a double three Elliott Wave structure where Minute wave ((w)) ended at 1.0945 and Minute wave ((x)) ended at 1.0986. Below there, Minute wave (w) of ((y)) is proposed complete at 1.091 low as a Flat. Minute wave (x) of ((y)) is in progress to correct cycle from 8/22 high (1.0986) in 3, 7, or 11 swing before the decline resumes. The next 3 swing inflection area comes at 1.095 – 1.096 where pair can see sellers and resume to new low or at least pullback in 3 waves. We don’t like buying the proposed rally and prefer more downside in 3-7-11 swing as far as pivot at 1.0986 high stays intact.

AUDNZD 1 Hour Elliott Wave Chart

Attached Image (click to enlarge)

Attached Image (click to enlarge)