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NASDAQ Elliott Wave Analysis: Nesting Higher As Impulse
NASDAQ ticker symbol: $NQ_F short-term Elliott wave analysis suggests that the rally from 7/30 low ($7167.75) to $7505.25 high ended Intermediate wave (1). The internals of lesser degree cycles within Intermediate wave (1) unfolded as 5 waves impulse structure. Down from there, the correction against that cycle in Intermediate wave (2) pullback is proposed complete at $7316.5 low. The subdivision of Intermediate wave (2) unfolded as double three structure. Where Minor wave W ended at $7378.25. The rally to $7479 high ended Minor wave X. And the decline to $7316.45 low ended Minor wave Y of (2).
Above from there, the NASDAQ has already made a new all-time high confirming the next extension higher in Intermediate wave (3) higher has started. The internals of the rally higher is unfolding as 5 waves impulse structure. Where Minute wave ((i)) ended in 5 waves at $7433.5 high. Then the pullback to $7352 low ended Minute wave ((ii)) pullback as a Flat structure. Up from there, the index is nesting higher in Minute wave ((iii)) with lesser degree cycles showing 5 wave advance. Near-term, as far as a pivot from $7316.45 low remains intact index is expected to see more upside. We don’t like selling it and expect buyers to appear in 3, 7 or 11 swings against $7316.45 low in the first degree.
NASDAQ 1 Hour Elliott Wave Chart

S&P500 Mini Futures: Extending Higher As Impulse
S&P500 Mini Futures ticker symbol: $ES_F short-term Elliott wave view suggests that the decline to $2803.34 low ended Minor wave 4 pullback. The internals of that pullback unfolded as Elliott wave zigzag correction. The lesser degree Minute wave ((a)) ended in 5 waves at $2820.5 low. Then the bounce to $2843.50 high ended Minute wave ((b)) bounce as a Flat correction. Down from there, the index completed the Minute wave ((c)) in another 5 waves at $2803.34 low.
Up from there, the rally higher is taking place as impulse structure with lesser degree cycles showing sub-division of 5 waves structure in each leg higher. It’s also important to note here that index is already into new all-time highs & both the sequence & right side tags are calling index for more upside. Above from $2803.34 low, the minute wave ((i)) ended in lesser degree 5 waves structure at $2874 high. The pullback to $2846.25 low ended Minute wave ((ii)). A rally from there unfolding in another 5 waves structure within Minute wave ((iii)) with lesser degree cycles in Minutte wave (i), (iii) & (v) expected to unfold in 5 waves structure. We don’t like selling the index and expect buyers to appear in 3, 7 or 11 swings against $2803.34 low in the first degree.
S&P500 Mini Futures 1 Hour Elliott Wave Chart

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Attached Image (click to enlarge)

Dow Jones Futures Elliott Wave View: Reacting Higher From Blue Box


Hello fellow Traders. In this blog, we will have a look at some recent 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 08/23/18 indicating that Dow Jones ended the cycle from 08/15 low in black wave ((i)).
As Dow Jones ended the cycle from 08/15 low, at the high of around 25890.60 (08/21 peak). It started a pullback lower in black wave ((ii)). The pullback proposed to unfolded as an Elliott Wave double three 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 08/21 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 blue (w)-(x). Which came at around 25614-25564 area. And that was the first area for buyers to appear to take prices to new highs above black wave ((i)) peak or a larger 3 waves bounce at least.
Dow Jones Future 08.23.2018 1 Hour Chart Elliott Wave Analysis




In the last Elliott Wave chart, you can see that Dow Jones reached the blue box area (25614-25564) 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 and any trade from that area are risk-free by now, targeting higher levels. We already took some partial profits on this trade because a 7 swing structure lower in black wave ((ii)) can’t be ruled out as long as it does not take black wave ((i)) peak. Do please keep in mind that the 1-hour chart which I presented can have changed already. If you want updates every day. I can recommend you to take a 14 days FREE trial below.
Dow Jones Future 08.25.2018 1 Hour Chart Elliott Wave Analysis


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COPPER Forecasting The Decline & Selling The Rallies

Hello fellow traders. In this technical blog we’re going to take a quick look at the charts of COPPER. As our members know, COPPER has had cycle from the 13th October 2017 in progress as expanded Flat structure. The Commodity was missing another swing down to complete proposed pattern, approximately at 2.622-2.458 ( according to daily chart). Besides that, at that stage we have has bearish sequences in commodity currencies against the American Dollar. Consequently , we expected Commodities to find sellers in 3,7,11 swings sequences as well. We advised clients to avoid buying Copper and keep on selling the rallies when chance occur. In further text we’re going to explain the Elliott Wave structure, forecast and trading strategy.
COPPER Elliott Wave 1 Hour Chart 8.9.2018
As we can see at the charts below, Copper is doing short term recovery, labeled as wave (2) blue. Proposed short term bounce seems to be unfolding as a Elliott Wave Double Three pattern. Propoesed recovery is reaching extremes at 2.8039-2.8199 area. We expect sellers to appear there for further decline or 3 wave pull back alternatively. Anyway, as soon as the price reaches 50 Fibonacci Retracement against the X red low, we will make our Sell positions Risk Free. Stop Loss of the trade is break above 1.618 Fibonacci extension (2.8460)

COPPER Elliott Wave 1 Hour Chart 8.18.2018
COPPER has made showrt term swing up and reached sell zone at 2.8039-2.8199 area . It has found sellers and gave us the decline from the blue box inflection area as expected with the actual high coming at 2.8198. At this stage any short positions should be risk free. Currently the price is doing recovery agianst the 2.8198 peak that can complete at 2.6894-2.7445. Short term view suggests thatas far as 2.898 pivot holds, more weakness is possible in this Commodity.
Keep in mind marked is very dynamic and proposed view could have ended in the mean time. 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, 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 !

APPLE Buying The Dips in 3-7-11 Swings

Hello fellow traders. Another trading opportunity we have had lately is long trade in APPLE . In this technical blog we’re going to take a quick look at the Elliott Wave charts of APPLE published in members area of the website. As our members know, the stock has had incomplete bullish sequences in the cycle from the February 2018. low. Break of June 7th peak, has made that cycle incomplete and opened 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.
APPLE 1 Hour Elliott Wave Analysis 7.30.2018
Current cycle analysis suggests APPLE is bullish against the 189.01 pivot in first degree. While that pivot holds, wave (3) is ideally in progress. We got clear 3 swings from the peak, completed right at equal legs area at 204.7-203.9 (buying zone) . As far as the price holds above current short term low 204.68, we’re calling pull back completed there. As we already got decent bounce, we advised members to put Stop Loss at Break Even point and make positions risk free. If the price takes alternative path and makes new low, we will be out of the trade without losses. In that case APPLE will most likely make 7 swings from the peak and gives us opportunity to make long entries again.

APPLE 1 Hour Elliott Wave Analysis 8.14.2018
The price has made further separation up and wave 2 red low held nicely during short term pull back ((ii)) . Finaly we got new short term high, that has given us confirmation that next leg higher is in progress. As the main trend is bullish we don’t advise selling the Stock in any proposed pull back. We like staying long and risk free from 204.7 area and keep buying the dips in 3,7,11 swings when get chance.
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.

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 !

Corn Futures Forecasting The Decline After Elliott Wave Flat

Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of Corn Futures published in members area of the website. As our members know, the Commodity has corrected the cycle from the 412’7 peak. Proposed recovery has been unfolding as Expanded Elliott Wave Flat structure. In further text we’re going to explain the forecast and Elliott Wave Pattern. Before we take a look at the real market example of Expanded Flat, let’s explain the pattern in a few words.
Elliott Wave Expanded Flat is a 3 wave corrective pattern which could often be seen in the market nowadays. Inner subdivision is labeled as A,B,C , with inner 3,3,5 structure. Waves A and B have forms of corrective structures like zigzag, flat, double three or triple three. Third wave C is always 5 waves structure, either motive impulse or ending diagonal pattern. It’s important to notice that in Expanded Flat Pattern wave B completes below the start point of wave A, and wave C ends above the ending point of wave A which makes it Expanded. Wave C of expanded completes usually close to 1.236 Fibonacci extension of A related to B, but sometimes it could go up to 1.618 fibs ext.
At the graphic below, we can see what Expanded Flat structure looks like.


Let’s take a look what Elliott Wave FLAT looks like in real market example.
CORN Elliott Wave 4 Hour Chart 7.29.2018
Recovery against the 412’7 peak is unfolding as Elliott Wave Expanded Flat Structure. We can see (A) and (B) blue waves are clear 3 waves structures, while wave (C) blue is unfolding as 5 waves rally. Recovery has already reached (A)-(B) equal legs at 363’2. Although cycle can complete any moment, there is no any sign yet confirming Expanded Flat structure is done. Another swing up would be ideal to complete 5 waves in wave (C) of flat. So, we are calling for another short term leg up toward 1.236 -1.618 Fib extensions , approximately: 369’3-379’3 area.

CORN Elliott Wave 4 Hour Chart 08.26.2018
Eventually we got leg higher wave 5 of (C) toward proposed area. Expanded Flat completed at 374’2 high and we’re getting the decline. We would like to see break below (B) blue low to get confirmation that next leg lower is in progress.
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.

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

NZDUSD Elliott Wave Analysis: Double Correction Taking Place
NZDUSD short-term elliott wave analysis suggests that the decline to 0.6543 low ended Minor wave 1. The internals of that decline unfolded as impulse structure with lesser degree Minute wave ((i)), ((iii)) & ((v)) unfolded in 5 waves structure. Above from there, Minor wave 2 bounce is taking place as double correction higher with lesser degree cycles showing sub-division of 3 wave structure its each leg higher.
Up from 0.6543 low, the rally to 0.6719 high ended Minute wave ((w)) of 2. The internals of that rally also unfolded as double three structure where Minutte degree wave (w) ended at 0.6639. Minutte wave (x) pullback ended at 0.6609 & Minutte (y) of ((w)) ended at 0.6719 high. From there, the pullback to 0.6616 low ended Minute wave ((x)) of 2 as a Flat structure. Near-term, as far as dips remain above there, expect pair to resume the next leg higher in Minute wave ((y)) of 2 looking for 0.6795-0.6835, which is the 100%-123.6% Fibonacci extension area of Minute wave ((w))-((x)) to end Minor wave 2 bounce. We don’t like buying the pair.
NZDUSD 1 Hour Elliott Wave Chart

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Attached Image (click to enlarge)

Disney DIS Bullish Sequence Looking For New All Time Highs

In the recent 3 years, Walt Disney stock price (NYSE: DIS) hovered between $120 and $90 without any real trending momentum. Last year, we looked for a potential break to new all time highs in Disney based on few scenarios which seems to be still playing out.
Taking a look at the weekly chart, we can consider the 3 years as a consolidation period of time after a strong 6 years of rally. Therefore, we expect the stock to do a breakout to the upside following this bullish flag type of structure.
Disney DIS Weekly Breakout Chart

In Elliottwave Forecast, we use the swing sequence count along side other tools to define the current trend and cycles allowing us to remain on the right side. Counting the swings for Disney since 2016 low, we can see that it’s showing an incomplete 5 swings bullish sequence and looking to extend higher toward $126 – $133 as a daily target as long as pullbacks remain above $96.2 low.
Disney DIS Swings Sequence

Now, as we have bullish sequence for DIS suggesting a move higher to new all time highs, then we can use the Elliott Wave Theory structures to define the current move.
Usually this type of consolidation happens during a bullish triangle in the 4th wave of an impulsive structure suggesting that the next leg higher could be a final acceleration before a cycle ends followed by another 3 waves pullback. In the case of Disney, the next target for a wave V would take it higher toward $130 – $144 area which would be achieved with a clear 5 wave move to the upside.
Disney DIS Triangle wave IV Chart

However, looking at the current structure since 2016 low, DIS could be doing a 5 waves ending diagonal as well with the same target around $130 area suggestion more time before reaching the final target to end that cycle.
Disney DIS Diagonal wave V Chart

RECAP
Disney DIS Showing a bullish sequence since 2016 low looking to trade higher and break 2015 peak toward $130 as a minimum target before another correction takes place.

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Market Participants Betting on Nafta Deal between US and Canada

The Canadian Dollar strengthened to a two month high against US Dollar earlier this week. Market participants seem to bet on possible inclusion of Canada in a new Nafta pact. The U.S. has just concluded a successful bilateral talk with Mexico on Monday. Under the new agreement, cars need to have 75% of their content originate in the U.S and Mexico. The current Nafta requires 62.5% originate within North America. Under the new deal, 40-45% of auto content need to be made by workers who make more than $16 per hour, favoring the U.S. and Canada.
President Trump has threatened to put 25% tariffs on Canadian-made cars if a three-way deal can’t be reached. The major disagreement between Canada and U.S. is Canada’s insistence that the dairy supply management system is not open for negotiation. Trump has repeatedly said Canadian tariffs on some dairy products are unfair for U.S. producers. However, Prime Minister Trudeau on Wednesday has defended the supply management system that controls production of some Canadian farm products. The dairy issue is a difficult one for Prime Minister Justin Trudeau. The majority of domestic dairy industry is in Quebec and Ontario, and if they cave in the U.S. demands, they risk losing a lot of votes.
If a deal can be reached, the Bank of Canada can continue to focus on the domestic economy without worrying about trade disruption. Trump told reporters at White House on Wednesday that talks with Canada is going well. “They want to be part of the deal. And we gave till Friday and I think we’re probably on track.” Earlier this week Canadian Prime Minister Justin Trudeau said Canada is trying to reach agreement with the U.S. this week but won’t sacrifice its goal of getting the “right deal.” Talks with Canada should continue through the end of the week with aim to include Canada in trilateral deal. If the deal is successful, the Canadian Dollar may rally a lot further.
USDCAD Short Term Elliott Wave Sequence

USDCAD shows a 5 swing sequence from 6.28.2018 high, favoring further downside while rally stays below 8/13 high (1.3178). A 5 swing sequence is part of 7 swing WXY or also often referred to as double correction. The structure calls for further downside to 1.265 – 1.275 area as far as current rally in swing #6 fails below 1.3178. A successful outcome of the Nafta talk this week could cause pair to extend lower as the chart is calling.
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EURJPY Elliott Wave View: Ended 5 Waves Advance
EURJPY short-term Elliott wave view suggests that the decline to 124.87 low ended intermediate wave (2) pullback of a leading diagonal structure from 5/29/2018 cycle. Above from there, the rally higher is taking place as Elliott wave zigzag structure within intermediate wave (3) of a diagonal. In a zigzag ABC structure, lesser degree cycles should show sub-division of 5-3-5 structure i.e Minor wave A unfolds in 5 waves either impulse or a leading diagonal, Minor wave B unfolds in 3 swings corrective structure. Whereas Minor wave C unfolds in another 5 waves structure either impulse or Ending diagonal structure.
In EURJPY’s case, the rally higher from 124.87 low unfolded as 5 waves impulse structure in Minor wave A. Up from 124.87 the rally higher to 126.49 high ended Minute wave ((i)) in 5 waves structure. Down from there the pullback to 125.55 low ended Minute wave ((ii)) pullback. A rally higher from there to 130.275 high ended Minute wave ((iii)) with another lesser degree 5 waves structure. Below from there, a pullback to 129.55 low ended Minute wave ((iv)). Finally, a rally to 130.86 high ended Minute wave ((v)) & also completed Minor wave A. Currently Minor wave B pullback remains in progress in 3, 7 or 11 swings to correct the cycle from 124.87 low before the rally resumes, provided the pivot at 124.87 low stays intact. We don’t like selling it.
EURJPY 1 Hour Elliott Wave Chart

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Attached Image (click to enlarge)

Netflix Elliott Wave View: Pullbacks Should Remain Supported
Netflix ticker symbol: $NFLX short-term Elliott wave view suggests that the decline to $310.84 low ended cycle degree wave “IV” pullback. Up from there, cycle degree wave “V” can have started but a break above $423.21 6/21/2018 high remains to be seen for final confirmation. Above from $310.84 low, the rally higher $376.81 high ended intermediate wave (1). The internals of that rally unfolded in 5 waves impulse structure with the sub-division of 5 waves structure in lesser degree cycles in Minor wave 1, 3 & 5.
Up from $310.84 low, the initial rally to $341.50 high ended Minor 1 in lesser degree 5 waves. The pullback to $334.30 low ended Minor wave 2. Then the rally higher towards $374.49 high ended Minor wave 3 in lesser degree 5 waves structure. Down from there, the pullback to $363.54 low ended Minor wave 4. Finally, a rally higher to $376.81 high ended Minor wave 5 & also completed intermediate wave (1). Currently, the stock is doing a pullback in intermediate wave (2) & expected to unfold in lesser degree Zigzag correction before the rally resumes again provided the pivot at $310.84 low stays intact. We don’t like selling it and prefer more upside against $310.84 low.
Netflix 1 Hour Elliott Wave Chart

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Attached Image (click to enlarge)

FTSE Elliott Wave Analysis: Started 7th Swing Lower
FTSE short-term Elliott Wave view suggests that the rally to 7790.17 high ended intermediate wave (X) bounce. Down from there, intermediate wave (Y) remains in progress with instrument showing a lower low sequence. The internals of that leg lower is taking place as double correction lower due to overlapping price action happening from 7790.17 high thus suggesting that the decline is unfolding in 3 waves corrective sequence.
Down from 7790.17 high, the initial move to 7477.05 low ended Minor wave W of (Y). The internals of that lesser degree decline unfolded as Zigzag structure where Minute wave ((a)) ended in 5 waves at 7614.48 low. Then the bounce to 7665.24 high ended Minute wave ((b)) bounce. And decline to 7477.05 low ended Minute wave ((c)) of W in another 5 waves structure. Up from there, the bounce higher to 7639.13 high ended Minor wave X of (Y). The internals of that bounce unfolded as double three structure where Minute wave ((w)) ended at 7616.15 high. Minute wave ((x)) ended at 7531.24 low and Minute wave ((y)) of X ended at 7639.13 high. Down from there, the index has made a new low confirming that Minor wave Y of (Y) has started and looking for extension lower towards 7323.99-7250.04, which is 100%-123.6% Fibonacci extension area of W-X. Near-term, while bounces stay below 7639.13 high expect index to extend lower. We don’t like selling it.
FTSE 1 Hour Elliott Wave Chart

S&P500 E-Mini Futures Entering Buying Areas Soon?
S&P500 E-Mini Futures ticker symbol: $ES_F Elliott wave view suggests that the pullback to $2803.34 low ended Minor wave 2. Up from there, the rally higher to $2917.50 high ended Minute wave ((i)). The internals of that rally higher unfolded as impulse structure with the sub-division of 5 waves structure in it’s each leg higher i.e Minutte wave (i), (iii) & (v).
Up from $2803.34 low, the initial rally to $2874 high ended Minutte degree wave (i) in 5 waves structure. Down from there, the 3 waves pullback to $2846.25 low ended Minutte wave (ii). A rally higher from there ended Minutte wave (iii) in another 5 waves structure at $2906.25 high. Below from there, a pullback to $2894.25 low ended Minutte wave (iv). Then finally a rally to $2917.50 high ended Minutte wave (v) & also completed the Minute wave ((i)). Currently, the instrument is doing a Minute wave ((ii)) pullback against $2803.34 low in 3, 7 or 11 swings before further upside is seen. Near-term focus remains towards $2869.25-$2849.61, which is 100%-161.8% Fibonacci extension area of Minutte wave (w)-(x) to end the short-term correction. Index should find buyers from there looking for another extension higher or for minimum 3 waves reaction higher. We don’t like selling it as the right side tag & bullish sequence calling index higher.
S&P500 E-Mini Futures 1 Hour Elliott Wave Chart

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Attached Image (click to enlarge)

ES_F Elliott Wave Analysis: Correction Taking Place
ES_F Short-term Elliott wave analysis suggests that the pullback to $2803.15 ended Minor wave 2 pullback. Up from there, the index has rallied higher into new highs confirming that Minor wave 3 has started. The internals of that rally higher is unfolding as impulse structure with the sub-division of 5 waves structure in the lesser degree, i.e. Minutte wave (i), (iii) & (v).
Above from $2803.15, the initial rally in 5 waves to $2874 high ended Minutte degree wave (i). Down from there, the pullback to $2846.25 low ended Minutte wave (ii). A rally higher to $2903.25 high unfolded in another 5 wave structure & completed Minutte wave (iii). A pullback to $2894.25 low ended Minutte wave (iv). Then finally a rally higher to $2917.50 ended Minutte wave (v) & also completed the Minute wave ((i)). Below from there, the index is doing a Minute wave ((ii)) pullback as a double three structure looking to extend 1 more time towards blue box area at $2853.99-$2829.53, which is 100%-161.8% Fibonacci extension area of Minutte wave (w)-(x). Afterwards, the index is expected to resume the upside or to do a 3 wave bounce at least. We don’t like selling it and expect buyers to appear in 3, 7 or 11 swings against $2803.15.
ES_F 1 Hour Elliott Wave Chart

BABA Elliott Wave View: Found Buyers in Blue Box and Rallied

In this blog, we will have a look at some recent short-term Elliott Wave charts of BABAwhich we presented to our members in the past. Below, you see the 1-hour updated chart presented to our clients on the 08/19/18 indicating that BABA ended the cycle from 06/05 low in blue wave (IV).
BABA ended the long-term cycle in blue wave (III), at the high of around 212 (06/05 peak). Below from there, it started a pullback lower in blue wave (IV). The pullback proposed to unfolded as an Elliott Wave double three structure. After reaching the equal from 06/05 towards the area of 166.28-162.88, it started bouncing higher. We advised members that we liked buying BABA at the mentioned equal legs area (blue box). Because, we expected buyers to appear in the dips in the sequences of 3, 7 or 11 swings. That was the first area for buyers to appear to take prices to new highs above blue wave III peak or a larger 3 waves bounce at least.
BABA 08.19.2018 1 Hour Chart Elliott Wave Analysis




In the last Elliott Wave chart, you can see that BABA continued nicely the bounce after reaching the blue box area (166.28-162.88). Due to the higher timeframe right side, long trades where authorized accordingly to our trading system. So the equal legs blue box was a buy and any trade from that area are risk-free. We already took some partial profits on this trade because a 7 swing structure lower in blue wave (IV) can’t be ruled out as long as it does not take blue wave (III) peak. Do please keep in mind that the 1-hour chart which I presented have changed already. If you want updates every day. I can recommend you to take our Summer Special Promotion below.
BABA 08.22.2018 1 Hour Chart Elliott Wave Analysis



I hope you enjoyed this blogand I wish you all good trades and if you interested in learning more about our unique blue box areas and also want to trade profitably. You can join us now and get 50% off on all monthly plans . Limited time only!
We believe in cycles, distribution, and many other tools in addition to the classic or new Elliott Wave Principle.

GBPUSD Elliott Wave Analysis: Calling Further Upside
GBPUSD short-term Elliott Wave analysis suggests that the rally from 8/15/2018 low at 1.2660 to 1.3042 high ended Minor wave 1. The internals of that rally higher took place in 3 wave corrective sequence i.e double three thus suggesting that the pair can be doing a Leading diagonal structure. Up from 1.2660 low, the initial rally to 1.2935 high ended Minute wave ((w)) of 1. Minute wave ((x)) of 1 pullback ended at 1.2798 low. Minute wave ((y)) of 1 ended as zigzag structure at 1.3042 high.
Down from there, the pullback to 1.2785 low ended Minor wave 2 pullback as a Flat structure where Minute wave ((a)) ended at 1.2959 low. Minute wave ((b)) bounce ended at 1.3006 high and Minute wave ((c)) of 2 ended at 1.2785 low. Above from there, the pair has managed to make a new high above 1.3042 peak confirming the next extension higher in Minor wave 3. Near-term, while dips remain above 1.2785 low, any dip is expected to remain supported in 3, 7 or 11 swings for further upside towards 1.3162-1.3252, which is the 100%-123.6% Fibonacci extension area of Minor wave 1-2 to complete Minor wave 3. Afterwards, the pair is expected to do a pullback in Minor wave 4 before further upside is seen. We don’t like selling the pair and prefer more upside against 1.2785 low in the first degree.
GBPUSD 1 Hour Elliott Wave Chart

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Attached Image (click to enlarge)

AAPL Elliott Wave View: Ready For Wave 5 Higher?
APPLE ticker symbol: AAPL short-term Elliott wave view suggests that the rally to $229.67 high ended intermediate wave 3 higher. The internals of that rally higher unfolded as impulse structure with the sub-division of 5 waves structure in it’s each leg higher. Down from $229.67 high, the instrument did a 7 swing pullback & completed the intermediate wave (4) pullback at $216.48 low.
The internals of that pullback unfolded as double three structure with the sub-division of 3 wave corrective sequence in lesser degree cycles. The initial decline to $$221.30 low ended Minor wave W as a Zigzag structure. Where Minute wave ((a)) ended at $225.10. Minute wave ((b)) ended at $227.70 high. Minute wave ((c)) of W ended at $221.30 low. Up from there, the bounce to $225.37 high ended Minor wave X recovery in 3 swings.
Then a move lower towards$219.52 low ended Minute wave ((a)) of Y. Minute wave ((b)) of Y ended at $222.49. Minute wave ((y)) of Y ended at $216.48 low. Also completed the Minor wave Y of (4) pullback, after reaching the 100%-123.6% Fibonacci extension area of Minor wave W-X at $217.03-$215.06 area. Near-term, while dips remain above $216.48 low AAPL is expected to resume the upside. However a break above $229.67 high remains to be seen for final confirmation & to avoid double correction lower in intermediate wave (4) pullback. We don’t like selling it.
AAPL 1 Hour Elliott Wave Chart

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AUDUSD Elliott Wave View: Right Side Calling Lower
AUDUSD short-term Elliott wave view suggests that the bounce to 0.7384 high ended intermediate wave (X) bounce. Down from there, the pair has broken to new lows already confirming the intermediate wave (Y) lower. Thus suggesting that the right side in the pair is to the downside. The decline to 0.7084 low unfolded in 5 waves impulse structure. And should have completed the Minor wave A of a possible Zigzag structure.
The internals of lesser degree cycles within that decline also unfolded in 5 waves structure i.e Minute wave ((i)), ((iii)) & ((v)). Where the initial decline to 0.7237 low ended Minute wave ((i)) in 5 waves structure. Up from there, the bounce to 0.7361 high ended Minute wave ((ii)). Below from there the decline to 0.7165 low ended Minute wave ((iii)) in another 5 waves structure. Then a 3 wave bounce to 0.7234 high ended Minute wave ((iv)). Finally, a move lower to 0.7084 low completed Minute wave ((v)) of A as ending diagonal structure.
Up from there, the pair is doing a 3 wave bounce in Minor wave B bounce for the correction of 0.7384 high. The internals of that bounce also expected to be in a zigzag correction but expected to fail below 0.7384 high during the week. We don’t like buying the pair as the right side is calling pair to trade lower & expect sellers to appear at the completion of Minute wave ((a))-((b)).
AUDUSD 1 Hour Elliott Wave Chart

Attached Image (click to enlarge)

Attached Image (click to enlarge)

EURJPY Elliott Wave Analysis: Upside Has Started
EURJPY short-term Elliott wave analysis suggests that the rally to 130.85 high ended Minor wave A of a Zigzag structure. The internals of that rally higher unfolded in 5 waves impulse structure with the sub-division of 5 waves structure as mentioned previously in the previous post. Down from there, the pullback to 127.83 low ended Minor wave B pullback. The internals of that pullback unfolded as double three structure with the sub-division of 3-3-3 swings in Minute wave ((w))-((x))-((y)).
Below from 130.85 high, the initial decline to 128.54 low ended Minute wave ((w)) in lesser degree zigzag structure. Up from there, the bounce to 129.97 high ended Minute wave ((x)) bounce as double three structure. Then finally, a decline towards 127.83 ended Minute wave ((y)) & also completed the Minor wave B pullback. Up from there, the pair has managed to make a new high above 130.85 creating a cycle from 8/15 low (124.91) incomplete to the upside & also confirms the Minor C. Which can be either impulse or ending diagonal structure. Near-term, while dips remain above 127.83 low pair is expected to see more upside. The 100%-123.6% Fibonacci extension area of Minor A-B comes at 133.76-135.18 to the upside. We don't like selling it as the right side & sequence tag is suggesting more upside, therefore, expect buyers to appear in 3, 7 or 11 swings against 127.83 low.
EURJPY 1 Hour Elliott Wave Chart

Apple (AAPL): Is the Next Trade War Decline Still a Buy?

Saturday’s report by The Wall Street Journal suggests that President Trump has given a go ahead to his aides to implement a fresh $200 billion tariffs ahead of scheduled trade talks with China. This can happen as soon as Monday this week. The latest tariff will cover a range of consumer goods and but it will be set a lower limit at 10%, which is below an original figure of 25% suggested by the administration.
The lower tariff serves as two purposes. With the lower base, Trump can threaten to hike tariff again to force Beijing to negotiating table. Secondly, it can also help Republicans ahead of the midterm elections by making sure the tariff does not adversely affect US consumers’ spending ahead of the Christmas season. President Trump has already signaled that he will not back down on his threat. On Thursday, he tweeted:


In previous weeks, there was some optimism in the market as Treasury Secretary Steve Mnuchin initiated a restart of trade talks with China. However, the latest action by President Trump has endangered the initiative as China threatened to decline participation. Even though China can’t retaliate Trump’s new tariffs due to the trade imbalance, Wall Street Journal suggests China can restrict sales of components and materials to U.S manufacturer’s supply chain. This would potentially affect big U.S. multinational. Wall Street analysts have singled out Apple as especially vulnerable.
The argument stems from the fact that Apple generated 20% if the revenue from China, which is equal to $44.7 billion. Data from IDC shows that Apple shipped over 41 million iPhones to China in 2017 and it was the fifth largest player in the market. In addition, Apple runs 40 stores in China, and it operates App Store and Apple Music services in China as well. In the supply chain, Apple relies on Taiwanese firm Foxconn who assembles its iPhones.
Indeed Apple has finally expressed concern in its letter to the government on Sept 5. It said that the tariff can result in higher prices for its products as it covers a wide range of Apple products, as well as other materials Apple uses to make its products. Those products include Apple Watch and AirPods. Below is a chart with consumer products Apple expects to be affected.

But how much adverse effect of the new tariff will there be on Apple? What does technical analysis and Elliott Wave say about Apple’s stock? Is it still a buy in the dips? Let’s take a look below:
AAPL Apple Daily Elliott Wave Analysis

Apple’s rally from Sept 2018 low looks to be unfolding as a 5 waves impulse Elliott Wave Structure. If the proposed count above is correct, then wave III remains in progress and subdivided into 5 waves in smaller degrees. This suggests that another leg higher is expected to end wave ((5)) of III. The question is whether wave ((4)) has ended. If Apple breaks above wave ((3)) at $229.67, then wave ((4)) low is confirmed ended at $216.47. Otherwise, Apple still can do a double correction in wave ((4)).
If Trump’s administration goes ahead with fresh tariff, and the market drops including Apple. Is it still a buy in the dips? We will take a look at shorter cycle 1 hour below
AAPL Apple 1 Hour Elliott Wave Analysis

Apple hit all-time high on Sept 5 at $229.67. It’s very important to note that the pullback from Sept 5, 2018 to Sept 10, 2018 at $216.47 is unfolding as corrective structure. The pullback to be precise unfolded as double three Elliott Wave structure. It did not unfold as 5 waves impulse and thus Apple still remains bullish despite tariff or no tariff. The rally from Sept 10, 2018 low so far also unfolded in a corrective WXY structure, thus it leaves open the possibility of a double correction unless Apple breaks above wave ((3)). However, even in the case of a double correction where Apple breaks below Sept 10, 2018 low at 216.48, the stock will remain a buy in the dips as the first leg of correction from Sept 5, 2018 high to Sept 10, 2018 low is corrective.