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NEM Could Newmont Mining Begin a Larger Bullish Cycle Soon?

NEM Could Newmont Mining Begin a Larger Bullish Cycle Soon?
Could Newmont Mining Begin a Larger Bullish Cycle Soon? In short answer form is yes. The area from where I think that will happen from is highlighted on the chart below. Before getting to that point again later I would like to talk about some of the larger cycles in previous years that suggest that area.
Firstly from the beginning of price data from back in the 1970’s not shown on the chart, the price trend was obviously up. It ended that bullish cycle in September 1987 and pulled back really hard during the October 1987 crash. Price stabilized from there several years into the 1996 highs before another cycle lower into the October 2000 lows. That swing lower finished a correction of the cycle up from the all time lows. Those lows are still intact. The bounce that developed from the October 2000 lows into the January 2006 highs appears to have been an Elliott Wave impulse of five waves.
Secondly the three large swings from the January 2006 highs down to November 2008 lows appears to be the beginning of a large flat 3-3-5 structure. From the November 2008 lows back up to the November 2011 highs was likely be a zig-zag structure by itself. The decline from the November 2011 highs down to the August 2015 lows appeared to be five waves to complete the 3-3-5 flat structure. Of note, the lows from October 2000 remained intact again suggesting the August 2015 lows finished correcting that cycle up from there. This August 2015 low should remain intact during the current pullback.
The analysis continues below the chart.
Monthly Chart

Thirdly in conclusion the aforementioned lows from August 2015 should remain intact during the current pullback. The bounce from those lows definitely ended the cycle lower. The bounce to the August 2016 high appeared to be five waves up. This was similar to the October 2000 to January 2006 bounce although of smaller degree. The pullback lower from the August 2016 high internals are not that important however it is obviously three swings. While price is below the January 2018 high at 42.04 the Fibonacci extension area for the pullback is the 26.16-22.41. Thus far that is where the technicals suggest the rally back higher should come from.
Thanks for looking. Feel free to come visit our website to check out our services Free for 14 days .
Kind regards & good luck trading.
Lewis Jones of the ElliottWave-Forecast.com Team

AMAZON Elliott Wave View: Close Finding Support?
AMAZON ticker symbol: AMZN short-term Elliott wave view suggests that the rally to $2050.50 high ended intermediate wave (1) as impulse structure. Down from there, the instrument is doing a pullback in intermediate wave (2). The internals of that pullback unfolding in 3 swing structure with the sub-division of 5-3-5 structure in lesser degree cycles thus favored it to be a zigzag correction.
Below from $2050.50 high, the initial decline to $1917 low ended Minor wave A lower in 5 waves structure. The minute wave ((i)) ended at $1989.89, Minute wave ((ii)) ended at $2010.30 high. Minute wave ((iii)) ended at $1935.21 low and Minute wave ((iv)) bounce ended at $1975.20 high. Then finally a move lower to $1917 low ended Minute wave ((v)) of A. Up from there, the 3 wave bounce to $2009.47 high ended Minor wave B bounce as a zigzag correction.
Down from there, the decline lower in Minor wave C is taking place in another 5 waves structure looking to reach $1875.88-$1844.41 100%-123.6% Fibonacci extension area of Minor wave A-B. Afterwards, the stock is expected to resume the upside in intermediate wave (3) higher ideally or should find support for 3 wave bounce at least. Alternatively, if it exceeds below the 161.8% Fibonacci extension area A-B at $1791.89 then the decline from $2050.50 high could become impulsive structure & could be doing a bigger pullback. We don’t like selling it.
AMAZON 1 Hour Elliott Wave Chart

Attached Image (click to enlarge)

Attached Image (click to enlarge)

EURAUD Elliott Wave View: Reaching Support Zone
EURAUD short-term Elliott wave view suggests that the rally to 1.6353 high ended intermediate wave (1) higher. The internals of that degree unfolded as impulse structure with lesser degree cycles showing the sub-division of 5 waves structure. Below from 1.6353 high, the pair is doing an intermediate wave (2) pullback in 3, 7 or 11 swings before upside renew. We don’t like selling the pair as the right side tag favoring more upside.
Down from 1.6353, the pair is doing a 3 wave pullback with lesser degree cycles showing the sub-division of 5-3-5 structure thus favored it to be doing a zigzag correction. The initial decline to 1.6282 low ended Minor wave ((i)), Minor wave ((ii)) bounce ended at 1.6339. Minute wave ((iii)) ended at 1.6152 & Minute wave ((iv)) ended at 1.6192 high. Then finally a move lower to 1.6136 low ended Minute wave ((v)) & also the Minor wave A.
Up from there, the bounce to 1.6332 high ended Minor wave B bounce in lesser degree zigzag correction where Minute wave ((a)) ended at 1.6285. Minute wave ((b)) ended at 1.6226 and Minute wave ((c)) of B 1.6332 high. Near-term focus remains towards 1.6107-1.5969 100%-161.8% Fibonacci extension area of A-B to complete Minor wave C lower in another 5 waves structure and should ideally complete intermediate wave (2) pullback as well. Afterwards, the pair is expected to find buyers looking for new highs or for 3 wave bounce at least.
EURAUD 1 Hour Elliott Wave Chart

Netflix Elliott Wave View: Dips Expected To Remain Supported
Netflix ticker symbol: $NFLX short-term Elliott wave analysis suggests that the pullback to $335.67 low ended intermediate wave (2) pullback. The internals of that pullback unfolded as a Flat correction. Where Minor wave B bounce ended in 3 swings at $374.09 high. Down from there, Minor wave C unfolded in 5 waves impulse structure. And the initial decline to $360.01 low ended Minute wave ((i)). Up from there, Minute wave ((ii)) ended at $364.50, Minute wave ((iii)) ended at 341.60. A bounce to $350.54 high ended Minute wave ((iv)). Then finally a move lower to $335.67 low ended Minute wave ((v)) and completed Minor wave C of (2).
Up from there, the stock is showing higher high sequence favoring more upside within intermediate wave (3). Where the initial rally to $374.09 high ended Minute wave ((i)). The internals of that rally higher unfolded as 5 waves structure with lesser degree cycles showing sub-division of 5 waves structure in its leg higher i.e Minutte wave (i), (iii) & (v). Down from $374.09 high, the stock did a 3 wave pullback as zigzag correction & completed the Minute wave ((ii)) at $350 low. After reaching the blue box at $355.68-$348.48 100%-161.8% Fibonacci extension area of Minutte wave (a)-(b).
Above from there, the stock has made a new high above $374.09 high suggesting that next leg higher can have started. Near-term, while dips remain above Minute wave ((ii)) low ($350) and more importantly above $335.67 low the stock is expected to resume the upside. Alternatively, if it breaks below Minute wave ((ii)) low ($350) then it can be doing a Flat correction from $374.08 high still within Minute wave ((ii)) before resuming higher again provided the pivot at $335.67 low stays intact. We don’t like selling it and prefer more upside against $335.67 low.
Netflix 1 Hour Elliott Wave Chart

Attached Image (click to enlarge)

Attached Image (click to enlarge)

USDJPY: Elliott Wave Forecasting The Rally

In this blog, we will have a look at some past Elliott Wave charts of USDJPY which we presented to our members. You see the 1-hour updated chart presented on the 09/06/18 showing that USDJPY ended the cycle from 08/21 low in black wave ((a)).
From that peak. It started a pullback lower in black wave ((b)). The pullback proposed to unfolded as an Elliott Wave ZigZag structure. The overall right side in the higher timeframe is higher. So we advised members that the right side is to the upside. 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 (a)-(b). Which came at around 110.615-110.344 area. And that was the first area for buyers to appear to take prices to new highs above black wave ((a)) peak.
USDJPY 09.06.2018 1 Hour Chart Elliott Wave Analysis



In the last Elliott Wave charts, USDJPY continued the rally after reaching the blue box area (110.615-110.344 area). Any trades made from our blue box area was risk-free and the bounce higher have continued and it is expected to reach its first target soon. Do please keep in mind that the 1-hour chart which I presented have changed already. If you are interested in how to trade our blue box areas and want to understand how Elliott Wave works then I recommend you to join our Special Webinar which we will hold on the 7th of October. You can join by clicking the link below.
USDJPY 09.12.2018 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 on our special webinar. Limited Seats available!
We believe in cycles, distribution, and many other tools in addition to the classic or new Elliott Wave Principle.

Elliott Wave: DJIA Mini Futures Nesting Higher Within Wave 3
DJIA Mini Futures mid-term Elliott wave view suggests that the cycle from 2/05/2018 low is nesting higher as impulse structure & already managed to make new all-time highs. While shorter-cycles suggests that index should be extending higher in lesser degree wave ((iii)) of 3 still looking for more upside extension. The initial rally in index to $26185 high ended Minute degree wave ((i)) in 5 waves structure. Down from there, the pullback to 25767 low ended intermediate wave ((ii)) pullback.
The internals of Minute wave ((ii)) pullback unfolded as double three structure where Minutte wave (w) ended in 3 swings at 25819 low. Minutte wave (x) ended at 26092 and Minutte wave (y) of ((ii)) ended in 3 swings at 25767. Up from there, Minute wave ((iii)) remain in progress as impulse with lesser degree cycles showing 5 waves structure in each leg higher i.e Minutte wave (i) showed 5 waves rally up to 26237 high. Minutte wave (ii) ended at 25991 low & Minutte wave (iii) is extending higher in another 5 waves. Near-term, while dips remain above 25767 low the index is expected to see more upside. We don’t like selling it as the right side tag is up and having a bullish sequence. Therefore, expect buyers to appear on any dip in 3, 7 or 11 swings against 25767 low.
DJIA Mini Futures 1 Hour Elliott Wave Chart

NIKKEI Forecasting The Rally & Buying The Dips

Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of NIKKEI NKD #F , published in members area of the website. As our members know, NIKKEI Futures has had incomplete bullish sequences according to Sequence Report. Consequently, we advised our members to avoid selling it and keep on buying the dips in the sequences of 3,7,or 11 swings whenever get chance.
NIKKEI 1 Hour Elliott Wave Analysis 9.5.2018
Current Elliott Wave analysis suggests NIKKEI is correcting the cycle from the 21837 low. Wave 4 red pull back looks to be unfolding as Ellott Wave ZIG ZAG pattern , labeled as ((a))((b))((c)) black . As of right now these 3 waves looks incomplete, suggesting another short term move down should be ideally seen toward 22432-22136 ( buying zone). As far as the pivot at 21837 low holds we favor the long side from blue box area. NIKKEI is expected to make another leg up to complete July cycle as 5 waves structure.

NIKKEI 1 Hour Elliott Wave Analysis 9.17.2018
Futures has given us last swing down toward our buying zone 22432-22136. Buyers have appeared shortly after and we got turn higher. As a result members who took long trades are now enjoing profits with risk free positions. Recently we got break of 08/30 peak, that confirms next leg up is in progress. Now intraday buyers can look to buy short term dips against the 22160 low.
Note: Market is dynamic and presented view could have changed 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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Bank Nifty: Will Trouble in Financial Sectors Drag India Stock Market?

Volatility in India stocks spiked higher last week as panic set in the nation’s financial shares and dragging down Bank Nifty and other benchmark Index. Investors confidence remain fragile after the recent default by IL&FS (Infrastructure Leasing & Financial Services). Then last Friday, India’s central bank rejected the tenure extension of Yes Bank’s Chief Executive Officer. Yes Bank (OTC: YYBKY) plunged 29% on the news and hit the lowest level since 2016, dragging other major India benchmark. Dewan Housing Finance followed along and saw its stocks falling by 43%, the steepest on record. At one point during the day, Dewan fell as much as 60%. The panic was triggered by investor’s speculation that the debt default by IL&FS may spread to other lenders.
Sensex benchmark equity index experienced the most volatile intraday move in more than four years. It swung from 1% gain earlier in the day to a drop of 3% before ending the day down 0.8%.

Some investors are speculating that the RBI (Reserve Bank of India) may tighten rules for housing finance firms after a loose policy led to the increase in bad debts. The central bank has taken a tough stance with the private sector banks lately. It has also refused to extend the tenure of Axis Bank’s CEO before.
How does India’s market look like after the carnage in the financial sectors last week? We will use Elliott Wave to see if there’s any significant technical damage to the Bank Nifty Sector Index. Bank Nifty represents the 12 most liquid and large capitalized stocks from the banking sectors which trade on the National Stock Exchange (NSE).
Bank Nifty Long Term Elliott Wave Outlook

The rally from March 2009 low in Bank Nifty is proposed to be unfolding in a 5 waves impulse where Super Cycle wave (I) ended at 13303.6 and Super Cycle wave (II) ended at 8366.7 as a FLAT. In the proposed count above, Super Cycle wave (III) remains in progress and the subdivision is also in 5 waves impulse. Cycle wave I of (III) ended at 20907.5, Cycle wave II of (III) ended at 13407.25, and Cycle wave III of (III) ended at 28377.9. Cycle wave IV of (III) pullback is expected to complete at 22621.5 – 24816.5, 23.6 – 38.2 fibonacci retracement of Cycle wave III of (III), then the Index can see 1 more push higher to end Cycle wave V (III) before another bigger pullback.
The selloff from Yes Bank, which is constituent of the Bank Nifty therefore hasn’t dramatically changed the outlook of the Bank Nifty, and we still expect dips to be supported in 3-7-11 swing.
Bank Nifty Alternate #1 Long Term Elliott Wave Outlook

In the alternate view above, Cycle wave IV pullback is unfolding as a zigzag Elliott Wave structure and thus the current decline from Cycle wave III peak at 28377.9 will only end the first leg Primary wave ((A)). Index should then bounce in Primary wave ((B)) before another leg lower in Primary wave ((C)) to end Cycle wave IV. This view is also probable but does not change the overall view that Index should see more upside after correction is over.
Bank Nifty Alternate #2 Long Term Elliott Wave Outlook

The second alternate view is calling cycle from March 2009 low ended as 5 waves. In this scenario, the Index can see a larger 3 waves pullback to correct the entire rally from March 2009 low before the rally resumes. This is the most bearish view but looking at the Relative Strength Index (RSI), we observe that there is no divergence between proposed Super Cycle wave (III) and (V) in this count. Thus, as wave 5 in impulsive structure usually has a divergence with respect to wave 3, this view therefore is least favored.
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EURAUD : Another Rally Higher?

EURAUD Technical Analysis 9.23.2018
EURAUD BUY/LONG Trade Setup: February 2017 EURAUD found a bottom, rallied higher and has been trending higher since. Traders should continue to follow the trend and look for possible signals for any buying opportunities. At the moment the pair can extend higher as long as the September 20/2018 low holds. A simple A-B-C (Red) Elliott Wave correction can be seen and has possibly terminated in the blue box, where we at EWF, expected the pair to find buyers and bounce. The move/wave higher, from September 20/2018 low, can now be possibly labelled as red wave 1 and at the current moment we are expecting for the possible red wave 2 to terminate. If looking to trade EURAUD, traders will need to watch when and if red wave 2 terminates and if the 1.6047 level holds. As long as EURAUD stays above 1.6047 we will continue to expect another move higher. Aggressive traders can enter the BUY/LONG trade when the market opens with Stop Loss at 1.6047. Conservative traders can enter the trade when price breaks above the peak 1.6176 of red wave 1 with stop loss also at 1.6047. If EURAUD breaks below the 1.6047 invalidation level then the pair will extend lower for a Elliott Wave double correction or even a triple correction. Trade safe and always use proper money/risk management.
EURAUD 1 Hour Chart 9.22.2018

Of course, like any strategy/technique, there will be times when the strategy/technique fails so proper money/risk management should always be used on every trade. Hope you enjoyed this article and follow me on Twitter for updates and questions> @AidanFX or chat me on Skype > EWF Aidan Chan
*** Always use proper risk/money management according to your account size ***
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BAC Elliott Wave View: Ready To Resume Higher?
BAC short-term Elliott wave view suggests that the rally to $31.49 low ended Minor wave X bounce. Down from there, the decline to $30.08 low ended Minor wave Y & also completed intermediate wave (2) pullback. The internals of Minor wave Y unfolded as double three structure where Minute wave ((w)) ended at $30.62 low as zigzag structure.
Up from there, the bounce to $31.09 high ended Minute wave ((x)) bounce. Then finally, a decline to $30.08 low ended Minute wave ((y)) in 3 swings as Zigzag structure. Above from there, the stock is expected to resume the next leg higher in intermediate wave (3). However, a break above $31.91 August peak remains to be seen for final confirmation of next leg higher. Up from $30.08 low the initial rally higher to $31.37 high ended Minute wave ((i)) as impulse structure. Near-term focus remains towards $30.64-$30.30 100%-123.6% Fibonacci extension area of Minutte wave (a)-(b) to end the 3 wave correction in Minute wave ((ii)) against $30.08 low cycle. Afterwards, the stock is expected to resume the upside looking for more upside. We don’t like selling it.
BAC 1 Hour Elliott Wave Chart

AT&T: Drop and Rally Was Fundamental or Technical?

In this blog, we will take a look at the drop in AT&T in July and how that presented a buying opportunity in the stock which we highlighted on our chart. We also prove that all markets are technical and even when fundamentals news can create short-term volatility in the market, it doesn’t have the power to change the long-term trend. We are all aware that AT&T has been in the news a lot lately because of it’s $85 billion acquisition of Time Warner. We also know that federal government had gone to court in order to block this deal. On Tuesday, June 12 2018, a federal judge handed AT&T a sweeping victory and approved it’s $85 billion acquisition of Time Warner. This should have been viewed as a good news for AT&T and stock price should have rallied but let’s take a look at the the price action on June 12 and see what happened after the ruling on June 12.
AT&T Chart below shows stock price was trading around $34.25 area, we have highlighted the area between 33.94 – 35.06 with a blue box because it represented 100 – 161.8% Fibonacci extension area of blue (A)-(B) i.e the rally from 31.17 (May 9) low to 32.96 (May 25) high projected higher from 32.12 (May 29) low. When AT&T got the go ahead from the court on June 12, stock price was already in the blue box which means there wasn’t enough room for a rally so there was an initial spike higher to the top of the blue box but it was quickly rejected resulting in a sharp drop to 33.01 after hours. So after hours, stock price had dropped which supports our case that markets move on the basis of technicals and not fundamentals.
AT&T Price action from May 9 low to June 12 high

AT&T 14 July 4 Hour Elliott wave Analysis
AT&T preferred Elliott wave structure had the stock in a FLAT structure from July 2016 peak. On July 14, another low was expected in wave ((5)) towards 30.24 – 28.74 which highlighted the inverse 1.236 – 1.618 Fibonacci extension area of wave ((4)) recovery. A few days later, price dropped to 30.07 to complete 7 swings down from wave ((4)) peak, that met minimum requirements for wave ((5)) extension and completed minimum number of swings in the Elliott Wave FLAT structure down from July 2016 peak and resulted in a rally in the stock.

AT&T 24 September 4 Hour Elliott Wave Analysis
Chart below shows stock has rallied nearly $4 from the low in the blue box and any longs from the blue box should already be in a risk free position. Currently, we have an incomplete sequence higher from 30.07 low which calls for more upside towards 34.98 – 35.80 area to complete 7 swings up from 30.07 low. After that it should either pull back in wave 4 and extend higher to complete a diagonal structure up from 30.07 low or make a larger pull back to correct the entire rally from 30.07 low.

EURUSD Elliott Wave: Why Dips Should Remain Supported?
EURUSD short-term Elliott wave view suggests that the decline to 1.1524 low ended Primary wave ((2)) pullback. Above from there, Primary wave ((3)) remain in progress as impulse structure looking for a further extension higher. It’s important to note that the pair is having bullish sequence tag & also the right side tag is calling higher. Therefore, dips are expected to remain supported against 1.1524 low looking for extension higher.
Up from 1.1524 low, the initial rally to 1.1814 high ended lesser degree Minor wave 1 as leading diagonal structure. Where Minute wave ((i)) ended in 3 swings at 1.1720. Down from there, the pullback to 1.1616 low ended Minute wave ((ii)). Then a rally to 1.1801 high ended in 3 swings as zigzag in Minute wave ((iii)). A pullback down from there to 1.1723 low ended Minute wave ((iv)) in 3 swings. Then finally a rally to 1.1814 high ended Minute wave ((v)) & also completed Minor wave 1.
Below from there, the pair is be doing a correction against 1.1524 low in Minor wave 2 pullback in 3, 7 or 11 swings before upside renew. Near-term focus remains towards blue box area at 1.1706-1.1652 100%-161.8% Fibonacci extension area of Minute wave ((a))-((b)) to complete the 3 wave pullback from the peak within Minor wave 2. Afterwards, the pair is expected to resume the upside provided the pivot at 1.1524 low stays intact or should do a 3 wave bounce at least. We don’t like selling it and expect buyers to appear within Minor wave 2 pullback in 3, 7 or 11 swings.
EURUSD 1 Hour Elliott Wave Chart

Attached Image (click to enlarge)

Attached Image (click to enlarge)

PFIZER Long Term Bullish Trend and Elliott Wave Cycles

PFIZER Long Term Bullish Trend and Elliott Wave Cycles
The PFIZER long term bullish trend and Elliott Wave cycles suggest the stock price will be trending higher. The cycles project it should continue toward the April 1999 highs 50.04 while it is above the February 2018 lows. From the beginning of the stock trading it had a couple decades long uptrend cycle to the April 1999 peak. This is where the analysis begins on the chart at the larger degree blue wave (I).
Firstly I will mention that is roughly a 10 year decline in the blue wave (II) to the March 2009 lows. This was certainly long enough in time and price to correct the previously mentioned decades long up trend cycle. The pullback was a basic seven swing double three correction. You can see the subdivisions of the larger degree red w and y subdivided into three swings each as well. The connector wave red x appeared to have been a triple three although it is not of any significance now. It served the purpose at the time of being the connector wave.
Secondly I will talk about the impulsive bounce from the March 2009 larger degree blue wave (II) lows. I would also like to mention you can see the guidelines for reading Elliott Wave structures here. From the March 2009 lows the larger degree red I subdivided into a clear five waves. There was enough room on the chart to show the subdivision the wave ((2)) lows to the wave ((3)) highs into five waves of smaller degree in blue. The analysis and conclusion continues below the chart.
PFIZER Monthly Chart $PFE

Thirdly I will mention where the longer term target area begins up at 55.60. I also will mention some of the technical aspects of why the red I and II is favored in place to give that target area. I once thought the August 2016 high could have been an extension of wave ((3)). However the pullback into the November 2016 lows was strong although relatively shallow by larger time frame standards.
The read on the momentum indicators like rsi suggested the dip to the November 2016 lows corrected the whole cycle from the March 2009 lows. A wave ((4)) dip would have only suggested it was correcting the cycle from the ((2)) lows. Furthermore since red wave II lows from November 2016, the rsi momentum indicator has taken the peak of the August 2016 highs. That does not usually happen in a wave ((5)). Hence the red wave I & II are positioned as shown.
In conclusion, ideally the stock will go higher wile above the February 2018 lows. To get the aforementioned longer term target area beginning at 55.60 is as follows. Take the Fibonacci extension tool on your chart platform and begin at the point of the March 2009 lows. From there go up to the point of the red I peak then back down to the red wave II low. That will give a target extension area where the current red wave III is equal to the red wave I at 55.60.
As mentioned that is where the target area begins. Higher would be more preferable as we usually see a wave III reach the 161.8 Fibonacci extension or better. That level comes in at 71.53. From that area it will only be expected to correct the cycle up from the November 2016 lows. Afterward it will be expected to be turning higher again.
Thanks for looking. Feel free to come visit our website to check out our services Free for 14 days .
Kind regards & good luck trading.
Lewis Jones of the ElliottWave-Forecast.com Team

Facebook At Verge Of Rejection Again?
Facebook ticker symbol: $FB short-term Elliott wave view suggests that the decline to $158.26 low ended the cycle from 8/07/2018 peak in primary wave ((1)). The internals of that decline unfolded in 5 waves impulse structure with lesser degree cycles showing the sub-division of 5 waves structure in it’s each leg lower i.e intermediate wave (1),(3) & (5). Above from there, the stock is correcting the cycle from 8/07/2018 peak in primary wave ((2)) bounce.
The internals of that bounce is unfolding as zigzag correction with the sub-division of 5-3-5 swing structure in lesser degree cycles i.e intermediate wave (A) & (C) unfolds in 5 waves and intermediate wave (B) unfolds in any 3 swings corrective sequence. Therefore, the initial rally to $167.25 high ended intermediate wave (A) in 5 waves structure. Where Minor wave 1 ended at $161.76, Minor wave 2 ended at $159.30. Minor wave 3 ended at $166.45 and Minor wave 4 ended at $165.61 low. Then finally, a move higher to $167.25 high ended Minor wave 5 & also completed intermediate wave (A) as well.
Down from there, the pullback $160.07 low ended intermediate wave (B). The internals of that decline also unfolded as zigzag where Minor wave A ended at $160.84. Minor wave B bounce ended at $165.70 and Minor wave C ended at $160.07 low. Up from there, the stock is rallying higher in intermediate wave (C). And already reached the blue box area at $169.15-$174.78 100%-161.8% Fibonacci extension area of (A)-(B). However, shorter cycles suggest another short-term high to take place within that area before getting rejected again looking for a primary wave ((3)) lower ideally or for 3 waves pull back at least. We don’t like buying it.
Facebook 1 Hour Elliott Wave Chart

Attached Image (click to enlarge)

Attached Image (click to enlarge)

BHC Elliott Wave Analysis: Inflection Area Called The Bounce

In this blog, I want to share some short-term Elliott Wave charts of the BAUSCH Health stockwhich we presented to our members in the past. Below, you see the 1-hour updated chart presented to our clients on the 09/17/18 indicating that BHC ended the cycle from 06/13 peak low in black wave ((2)).
As BHC ended the cycle from 06/13 peak, at the low of around 20.37. It started a bounce higher. The bounce higher from 09/11 low (20.37) unfolded as a 5 waves Elliott Wave Impulse structure. Due to the right side bullish stamp, in the higher timeframe (4H chart). We advised members that the right side remains to the upside against 20.37 low. 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 (a)-(b). Which came at around 21.90-21.60 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.
BHC 09.17.2018 1 Hour Chart Elliott Wave Analysis



In the last Elliott Wave chart, you can see that BHC reached the blue box area (21.90.21.60) and bounced nicely higher and took price above black wave ((i)) peak. Confirming that the next extension higher has started. So if traded our blue box area shown in the chart above. Any trades from that area were risk-free, which means the stop-loss should be moved to breakeven, targeting higher levels. Do please keep in mind that the 1-hour chart which I presented have changed already.
If you are interested in how to trade our blue box areas and want to understand how Elliott Wave works then I recommend you to join our Special Webinar which we will hold on the 7th of October. You can join here.
BHC 08.06.2018 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 on our special webinar. Limited Seats available!
We believe in cycles, distribution, and many other tools in addition to the classic or new Elliott Wave Principle.

$DJI ( YM #F) Buying The Intraday Dips in 3,7,11 Swings

Another trading opportunity we have had lately is long trade in $DJI Mini Futures. In this technical blog we’re going to take a quick look at the Elliott Wave charts of $DJI published in members area of the website. As our members know, the right side in $DJI is long side. Futures has incomplete bullish sequence. Break of 08/29 peak, has made the Futures bullish against the 25767 low. Consequently, we advised our members to avoid selling it and keep on buying the dips in the sequences of 3,7,or 11 swings.
$DJI 1 Hour Elliott Wave Analysis 7.30.2018
Current cycle analysis suggests DJI is bullish against the 2576 pivot in first degree. While that pivot holds, wave 5 red is ideally in progress. We got clear 3 swings from the peak, that have reached potential reversal area: 26041-25946 (buying zone) . As far as the price holds above current short term low 25960, we’re calling pull back completed there, expecting further rally. As soon as the price reaches 50 fibs against the (b) blue high, we will make long positions risk free and let the profit run.

$DJI 1 Hour Elliott Wave Analysis 9.24.2018
Buyers have appeared at the proposed blue box nd we got turn higher. As a result members who took long trades are now enjoing profits with risk free positions. Now intraday buyers can look to buy short term dips against the 2576 low.
Note: Market is dynamic and presented view could have changed 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.

Elliott Wave Forecast
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Nikkei Elliott Wave Right Side Calling Higher
Nikkei short-term Elliott wave view suggests that the decline to 22161 on 9/06/2018 low ended Minor wave 2. Above from there, Minor wave 3 remain in progress, nesting higher in an impulse structure. With lesser degree cycles showing sub-division of 5 waves structure in each leg higher i.e Minute wave ((i)), ((iii)) & ((v)) expected to unfold in 5 waves structure. Also, it’s important to note that the right side is up & instrument is having a bullish sequence tag available in below chart. This suggests that the selling is not recommended.
Up from 22161 low, the initial rally to 22750 high ended Minute wave ((i)) in 5 waves. The decline to 22535 low ended Minute wave ((ii)) pullback. Then the rally higher from there ended Minute wave ((iii)) at 24120 high. The pullback to 23810 low ended Minute wave ((iv)). Above from there Minute wave ((v)) of 3 remain in progress, looking to extend higher towards 24401-24766 100%-161.8% Fibonacci extension area of a Minute wave ((v))=((i)) target area approximately to complete Minor wave 3. Afterwards, the index is expected to do a wave 4 pullback in 3, 7 or 11 swings before further upside is seen provided the pivot at 22161 low stays intact. We don’t like selling it & expect buyers to appear in 3, 7 or 11 swings against 22161 low.
Nikkei 1 Hour Elliott Wave Chart

DXY Ending The Elliott Wave Flat Correction
DXY short-term Elliott wave view suggests that the index is doing a Flat correction coming from 8/28/2018 low within cycle degree wave II. Meaning that the internal distribution of cycle from that low is showing the sub-division of 3-3-5 wave structure. Where primary wave ((A)) ended in 3 swings at 95.73 on 9/04 peak. Down from there the decline to 93.81 low ended primary wave ((B)) lower as double three structure with the sub-division of 3 wave corrective sequence in intermediate wave (W),(X) & (Y).
The initial decline to 94.43 low ended intermediate wave (W) as zigzag structure. Up from there, the bounce to 94.99 high ended intermediate wave (X). Down from there, the decline to 93.81 low ended intermediate wave (Y) as zigzag structure & also completed the primary wave ((B)) as well. Above from 93.81 low, the rally higher is taking place as an impulse in primary wave ((C)) of II with the sub-division of 5 waves structure in intermediate wave (1),(3) & (5).
Where the first leg higher to 94.40 high ended intermediate wave (1). And pullback to 93.95 low ended intermediate wave (2). A rally to 95.36 high ended intermediate wave (3). Then a pullback to 94.99 low ended intermediate wave (4). Near-term intermediate wave (5) remain in progress looking to extend higher 1 more time within the blue box area by holding below the 95.93 invalidation level before ending the Flat correction in cycle degree wave II. Afterwards, the index is expected to resume the downside or should react lower in 3 swings at least. We don’t like buying the index.
DXY 1 Hour Elliott Wave Chart

YM_F Elliott Wave: Started Nesting Higher In Next Leg Higher
DJI Mini Futures ticker symbol: YM_F short-term Elliott wave view suggests that the index is nesting higher as impulse structure looking for more upside. The internals of lesser degree cycles is showing the sub-division of 5 waves advance in each leg higher i.e Minor wave 1, 3 & 5. While Minor wave 2 & 4 unfolded in 3 wave corrective structure. Also, it’s important to note that index is having a bullish tag & right side is up therefore selling is not recommended.
The decline to 25764 low completed in 3 swings Minor wave 2 pullback. Up from there, the rally to 26820 high ended Minor wave 3 higher in 5 waves structure as an impulse. The lesser degree Minute wave ((i)) ended in 5 waves at 26261. Minute wave ((ii)) ended at 25991 low and Minute wave ((iii)) ended at 26504 high in another 5 waves. Then a pullback to 26445 low ended Minute wave ((iv)) & finally a rally to 25764 high ended Minute wave ((v)) of 3.
Down from there, the pullback to 26349 low ended Minor wave 4 as double three structure with the sub-division of 3-3-3 structure in each leg lower i.e Minute wave ((w)) ended in 3 swings at 26501 low. Minute wave ((x)) bounce ended at 26627 high and Minute wave ((y)) of 4 ended at 26349 low. Currently, the index has managed to make a new high above 26820 prior wave 3 confirming the next leg higher in Minor wave 5 looking for more upside. Near-term, while dips remain above 26349 low expect index to extend higher. We expect buyers to appear in 3, 7 or 11 swings against 26349 low.
YM_F 1 Hour Elliott Wave Chart

Canadian Dollar Rose after NAFTA agreement

Last week, Canadian dollar rose to its strongest since May against US Dollar over speculation that Canada and U.S. will strike a deal on NAFTA. News then come late Sunday that Canada agreed to join the trade deal with the U.S. and Mexico. All three countries plan to sign on the pact which will save NAFTA as a trilateral agreement. Negotiators from three countries worked around the clock over the weekend to beat self-imposed midnight deadline. This will allow current Mexican president to sign the revised NAFTA agreement on his final day in office.

The Trump administration had previously threatened to move ahead with the bilateral pact between U.S and Mexico. Talks with Canada have dragged over a year amidst differences primarily in Canada’s dairy industry and Chapter 19. Reports say that Canada has made concessions to boost U.S access to Canada’s dairy market. Canada also agreed to a cap on its automotive exports to the U.S. In exchange, the U.S will lift tariffs on Canadian steel and aluminum. In addition, the U.S. will not impose tariffs on most auto imports from Canada. Canada has also been able to keep Chapter 19, the dispute resolution mechanism, which is another sticking point with the U.S. before.
What does Elliott Wave say before the news break out? We’ve been bullish Canadian dollar for a while as Elliott Wave supports a move higher in Canadian dollar. Below is the Elliott Wave Chart for $USDCAD from our Group 1 instrument.
USDCAD Short Term Elliott Wave Chart 9.29.2018

On Thursday last week before NAFTA news announcement, our chart is calling for a move lower in USDCAD against September 6 high (1.3229). The right side stamp is lower, favoring more downside as pair shows a short term bearish sequence from June 27 high (1.338). A red color right side stamp means that we like to sell the pair as far as it stays below the invalidation level. Below is the weekend chart update
USDCAD Short Term Elliott Wave Chart 9.29.2018

The rally ended at 1.308 as a zigzag Elliott Wave structure and pair sold off as expected. The decline from last Friday looks to be unfolding as an impulse Elliott Wave structure and suggests that while bounces stay below 1.308 high, pair can see further downside this week.
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