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BABA Forecasting The Rally & Buying The Dips

Hello fellow traders. Another instrument that we have been trading lately is BABA Stock from Group 3. In this technical blog we’re going to take a quick look at the Elliott Wave charts of BABA, published in members area of the website. As our members know, BABA has been correcting larger cycle from the 59.5 low. We expected the stock to find buyers in 3,7,11 swings due to previous bullish trend. Consequently, we advised members to avoid selling it and keep on buying the dips in the sequences of 3,7,or 11 swings whenever get chance. In further text we’re going to explain Elliott Wave Count and Trading Setup.
BABA Daily Elliott Wave Analysis 10.13.2018
Current Elliott Wave analysis suggests BABA is correcting the cycle from the 59.5 low. Pull back seems to be unfolding as Elliott Wave Zig Zag Pattern, when we can still be in wave (c) leg. Buying zone is already reached at 140.82 , however we see possibility of another wave down to complete 5 waves in (c) leg. Although we expect move down, we don’t recommend selling BABA against the main bullish trend. Strategy is buying the dips at marked extremes : 140.8-130.0 area. As the main trend is bullish, we expect to see reaction in 3 waves up from the blue box at least. As soon as the bounce reaches 50 fibs against the (b) blue high, we will make long positions risk free and let the profit run.

BABA 4 Hour Elliott Wave Analysis 11.15.2018
Eventually BABA has given us another wave down as we forecasted. Buyers have appeared shortly after and we got turn higher. Now calling pull back completed at 130.03 low. Bounce has reached 50 Fibonacci retracement against the (b) blue high. As a result members who took long trades are now enjoying profits with risk free positions. Recently we got break of November 2nd peak, which means we should ideally get further extension higher, confirming next leg up wave (3) is in progress.
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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We cover 78 instruments in total, but not every chart is trading recommendation. We present Official Trading Recommendations in Live Trading Room. If not a member yet, Sign Up for Free 14 days Trial now and get access to new trading opportunities. Through time we have developed a very respectable trading strategy which defines Entry, Stop Loss and Take Profit levels with high accuracy.
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Palladium Elliott Wave Analysis: Forecasting And Buying The Rally

In this blog, I want to share some short-term Elliott Wave charts of Palladiumwhich we presented to our members in the past. Below, you see the 1-hour updated chart presented to our clients on the 11/30/18 indicating that Amazon ended the cycle from 11/23 low (1094.70) in black wave ((a)) at 11/30 peak (1198.1).
As Palladium ended the cycle from 11/23 low in black wave ((a)). It started a pullback lower in black wave ((b)). The pullback proposed to unfolded as an Elliott Wave Zig Zag correction. Due to the right side bullish stamp, which you can see in the chart below. We advised members that we like buying Palladium at the equal legs from 11/30 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 (a)-(b). Which came at around 1148.62-1142.76 area. The commodity reached that blue box in the chart below and we opened a long position in that area. As that was the first area for buyers to appear to take prices to new highs above wave 1 peak or a larger 3 waves bounce at least.
Palladium 11.30.2018 1 Hour Chart Elliott Wave Analysis

In the last Elliott Wave chart, you can see that Palladium bounced nicely higher from the equal legs area (blue box). Our members bought the equal legs from 1148.6+ areas and any trade from that area are risk-free which means the stop should be at breakeven, targeting higher levels. Do please keep in mind that the 1-hour chart which I presented may have already changed. If you want updates every day. I can recommend you to take our December special below.
Palladium 12.04.2018 1 Hour Chart Elliott Wave Analysis

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Soybean Reacted Higher From The Blue Box Area

In this technical blog, we are going to take a look at the past 1-hour performance of Soybean ticker symbol: ZS_F Elliott Wave charts that we presented to our clients. We are going to explain the structure and the forecast below.
Soybean Elliott Wave 1 Hour Chart From November 21.2018

Above is the 1-hour Chart from 11/21/2018 Asia update, in which instrument was expected to correct the short-term cycle from 10/31/2018 low (832.6) in Minute wave ((b)). The internals of that pullback was expected to unfold in lesser degree double three structure. And see a push lower towards 860.4-837.6 100%-161.8% Fibonacci extension area of a Minutte wave (w)-(x) before next leg higher within Minute wave ((c)) starts.
Soybean Elliott Wave 1 Hour Chart From November 28.2018

Soybean 1-hour Chart from 11/28/2018 Asia update, the instrument reached the blue box area last week in 7 swings at 860.4-837.6 as expected and ended the Minute wave ((b)) at 857 low. While above there, the instrument was expected to resume the next leg higher within Minute wave ((c)) of a proposed zigzag structure coming from 10/31/2018 low.
Soybean 1 Hour Elliott Wave Chart From December 02.2018

Here’s the 1-hour update from 12/02/2018 Weekend update. Showing instrument breaking to new highs already, after finding buyers from the blue box area confirming the next extension higher.
Keep in mind that the market is dynamic and the view could change in the meantime. Success in trading requires proper risk and money management as well as an understanding of Elliott Wave theory, cycle analysis, and correlation. We have developed a very good trading strategy that defines the entry. Stop loss and take profit levels with high accuracy and allows you to take a risk-free position, shortly after taking it by protecting your wallet. If you want to learn all about it and become a professional trader, then join our service with a Special December Promotion.

Elliott Wave View: DAX Looking for Further Downside

DAX continues to make a new low and this week broke below 11/20 low (11009) suggesting that the move lower remains in progress. Near term Elliott Wave outlook calls for the decline to 11009.25 on 11/20 as Intermediate wave (3). From there, rally to 11566.97 ended Intermediate wave (4) as a zigzag Elliott Wave structure. Minor wave A of (4) ended at 11403.72, Minor wave B of (4) ended at 11208.60 and Minor wave C of (4) ended at 11566.97.

Decline from there is unfolding as an impulse Elliott Wave structure and a marginal low still can happen before ending the 5 waves down. This move lower also ended Intermediate wave (5) and Primary wave ((3)) of a larger degree. Afterwards, expect Primary wave ((4)) rally in 3, 7, or 11 swing before the decline resumes again. We don’t like buying the proposed rally as the right side still remains lower.

DAX 1 Hour Elliott Wave Chart

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Elliott Wave View Expects More Downside in Exxon Mobil (XOM)

Exxon Mobil (ticker: XOM) has broken below Nov 23 low ($74.7) and opens further downside in the stock with incomplete sequence from Sept 25 high ($87.36). Short Term Elliott Wave view suggests bounce to $81.97 on 12/5 high ended Minor wave X. Decline from there is unfolding as a double three Elliott Wave structure where Minute wave ((w)) ended at $74.8. Internal of wave ((w)) unfolded as another double three Elliott Wave structure of a lesser degree. Minutte wave (w) of ((w)) ended at $76.92, Minutte wave (x) of ((w)) ended at $80.36, and Minutte wave (y) of ((w)) ended at $74.80.

Minute wave ((x)) is in progress to correct cycle from 12/5 high as a zigzag Elliott Wave structure where Minutte wave (a) of ((x)) ended at $76.7. Expect a pullback in Minutte wave (b) and another leg higher to complete Minutte wave (c) of ((x)) and end the zigzag pattern before the stock resumes lower. We expect sellers to appear and rally to fail below $81.97 in 3-7-11 swing for more downside in the stock.

XOM 1 Hour Elliott Wave Chart

Attached Image (click to enlarge)

Attached Image (click to enlarge)

Facebook Elliott Wave Analysis: Forecasting the Decline
In this blog, I want to share some short-term Elliott Wave charts of Facebook which we presented to our members in the past. Below, you see the 1-hour updated chart presented to our clients on the 12/02/18. Showing that Facebook ended the cycle from 09/27/18 peak in red wave III at 11/20/18 low (128.45).
As Facebook ended the cycle from 09/27/18 peak, we expected a bounce to occur in red wave IV. Above from 11/20/18 low (128.45), the bounce unfolded in an Elliott Wave double correction structure. We advised members that Facebook ideally should continue lower. Therefore, we expected sellers to appear in the sequences of 3, 7 or 11 swings. At the 100 – 1.236 Fibonacci extension of black ((W))-((X)) which came at around 141.41-147.77 area and that was the first area for sellers to appear.
Facebook 12.02.2018 1 Hour Chart Elliott Wave Analysis

In the last Elliott Wave chart. You can see that the stock reached the blue box area (141.41-147.77) and reacted nicely lower. If traded our blue box area shown in the chart above. Then, any trades from that area were risk-free, which means the stop-loss should be moved to break even, targeting lower levels. Do please keep in mind that the 1-hour chart which I presented may have changed already. And as long as Facebook doesn’t break 11/20/18 low (128.45). A double correction in red wave IV higher still can’t be ruled out. This blog should just illustrate how accurate our blue boxes are, and how our members trade our 3-7 or 11 swings strategy.
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 get a shot on our special promotion which we are currently running below. We present a lot of trading setups in our 3 Live Trading Rooms.
Facebook 12.07.2018 1 Hour Chart Elliott Wave Analysis


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Will the Arrest of Huawei Executive Derail Trade War Truce?

The market celebrated the trade war truce between U.S. and China after the successful meeting last week between President Trump and Xi. Unfortunately, it only lasted for about 24 hours as news came in with the arrest of Huawei top executive Meng Wanzhou in Canada. Meng faces an extradition to the U.S. on the allegation that she committed fraud to avoid sanctions against Iran. This arrest opens a new chapter in escalating battle between the U.S. and China to gain tech supremacy.
Huawei is the world’s largest telecoms equipment provider and also the second largest mobile phone manufacturer. The founder Ren Zhengfei is a former military officer and Meng Wanzhou is his daughter. Huawei is one of the pillars in China’s ambition to be an independent technology powerhouse. The arrest happened on December 1, the same day that President Xi and Trump had the dinner meeting in Buenos Aires.
China has poured hundreds of billions to push its “Made in China 2025” plan. The plan aims to make China a global leader in technology industry such as robotics, electric cars, and computer chips. Huawei plays a major role in this plan as it is the state champion for 5G wireless technology. President Xi has said that he wants China to dominate the 5G market globally. A lot of people think that 5G will be the next wave of technology like the Internet or smartphone.
The U.S. however has made it clear it wants to push back against China’s growing tech power to maintain dominance. China’s tech ambitions have long concerned the U.S as the American government believes China relies on American technology misappropriation to achieve their goals. This is the primary reason for the current trade conflicts as the White House demands China to stop forcing foreign companies to hand over tech secrets as a condition for market access. The U.S. has imposed billions of dollars of tariffs to encourage China to change their behavior.
The US has also targeted other Chinese companies in the past. Last year, ZTE, another Chinese telecoms firm, pleaded guilty to evading sanction on Iran and North Korea. The company had to stop its operations for months after the US ban sales of essential parts to the firm. The ban has since been lifted after the firm paid $1 billion fine. No one was detained at that time.
On Saturday, China said that Meng’s arrest “severely violated the Chinese citizen’s legal and legitimate rights and interests, it’s lawless, reasonless and ruthless, and it is extremely vicious.” This arrest can have serious consequences depending on how it plays out down the line. The trade war for the past few years has forced China to accelerate their efforts to be self sufficient and cut reliance on foreign suppliers.
After the news of the arrest came out, market has reacted negatively on the assumption that it can derail trade war truce last weekend. This can also potentially marks the opening of a new chapter of deepening rift between the U.S. and China.
Analysis of Gold to Russell 2000 Ratio

A Gold to Russell Ratio analysis above shows a break above the weekly wedge. It is an early indication that the cycle from 2011 peak may have ended although we need more separation from the low. The implication is clear here and Gold can start outperform Russell in the next few months / years. If cycle from Aug 22, 2011 high has ended, the ratio can at least rally higher to correct the entire decline from 2011 high (a 7 year decline) in a larger 3-7-11 swing.
Analysis of Gold to Nasdaq Ratio

An analysis of Gold to Nasdaq Ratio above also suggests that the ratio breaks above the weekly wedge. This suggests cycle from Aug 22, 2011 may have ended. Again, we need more separation from the low to confirm this. If that’s the case, then we can potentially expect Gold to outperform Nasdaq in the next few months / years. The ratio should also at least correct the entire decline from 2011 peak in larger 3-7-11 swing.
Russell Daily Elliott Wave Sequence Technical Analysis

Cycle from 9.4.2008 high in Russell shows an incomplete 5 swing sequence, favoring further downside to end 7 swing. Please note that this is a swing count, not an Elliott Wave label. A 7 swing is a double three Elliott Wave structure (WXY). The Index can see some support at 1367 – 1410 and end swing #5. Afterwards, it should bounce in swing #6 in 3-7-11 swing to correct cycle from 11.8.2018 high (1589) before the decline resumes. This analysis suggests that Russell should see further downside in coming sessions.
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NZDJPY Blue Box Generates 600 Pips
December 10, 2018 By Daud Bhatti
NZDJPY has put in a strong rally over the past couple of months gain 9.14% from a low of 72.25 to a high of 78.86. Earlier this year, we advised clients and followers that pair was reaching an inflection area between 73.70 – 68.86 and pair should find a low in this area and start turning higher. Below, we take a look at daily chart presented to members on 2 September 2018.
NZDJPY 2 September Daily Chart
Later in September 2018, pair reached the inflection area between 73.70 – 68.86 but based on Elliott wave structure and market correlation, we called another low to complete a double three Elliott wave structure down from 7/27/2017 (83.91) peak. After another low, we expected the pair to turn higher and resume the rally for a new high above 83.91 peak or a bounce back toward 50- 61.8 Fibonacci retracement of the decline from 83.91 peak.


In the chart below, we can see that pair made a marginal new low on 9/10/2018 (72.25) and turned up strongly, first leg up ended at 75.54 and we have labelled that as blue wave (1), this was followed by a deep test of 72.25 low to complete blue wave (2) at 72.32, then pair started rallying again and reached a high of 78.86 which is 200% Fibonacci extension of blue wave (1) related to wave (2) and hence could have completed wave (3). As pair has exceeded 161.8 Fibonacci extension of wave (1)-(2) so we are expecting the next pull back to be a blue wave (4) and if the wave count is correct, it should be followed by another high to complete blue wave (5) of black wave ((1)). Afterward, expect a larger wave ((2)) pull back to correct the cycle from 72.25 low and rally to continue. Alternatively, wave rally from 6/24/2018 low could take the form of a double three “wxy” structure rather than “abc” which would mean wave ((1)) could become wave ((A)) and wave ((2)) could be wave ((B)).
NZDJPY Daily Elliott Wave Analysis

We don’t like selling the pair and we expect buyers to appear in the pull backs in wave (4) and later on in wave ((2)). In order to see the details analysis in the short-term and see the areas where wave (4) can end, possible target for wave (5) and how to define the buying area once wave ((2)) pull back starts, join us and learn to use Elliott Wave Theory in a more practical way.

Elliott Wave Analysis: SPX Bounce Expected to Fail

SPX has broken below Oct 30 low (2603.54), i.e. Primary wave ((W)), opening further downside with incomplete bearish sequence from Sept 21 high (2940.91). Near term Elliott Wave view suggests the decline to 2603.54 on Oct 30 low ended Primary wave ((W)). Bounce to 2815.6 ended Primary wave ((X)) as a zigzag Elliott Wave structure. Up from 2603.54, Intermediate wave (A) ended at 2756.55, Intermediate wave (B) pullback ended at 2700.44, and Intermediate wave (C) of ((X)) ended at 2815.62.

SPX has since declined from there and broken below Primary wave ((W)) at 2603.54, confirming the next leg lower has started. Primary wave ((Y)) is unfolding as a zigzag Elliott Wave structure where Intermediate wave (A) ended at 2583.23. Internal of Intermediate wave (A) unfolded as a diagonal where Minor wave 1 ended at 2631.09 and Minor wave 2 ended at 2800.18. Minor wave 3 ended at 2621.53, Minor wave 4 ended at 2708.54, and Minor wave 5 of (A) ended at 2583.23. Intermediate wave (B) is currently in progress to correct cycle from Nov 8 high (2815.62) in 3, 7, or 11 swing before the decline resumes. We expect Index to find sellers once Intermediate wave (B) bounce is complete in 3, 7, or 11 swing as far as pivot at 2815.62 high stays intact.

SPX 1 Hour Elliott Wave Chart

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Elliott Wave View Suggests Bitcoin Selloff Not Over

Short Term Elliott Wave view suggests that the selloff in Bitcoin is not yet over. Rally to $4409.77 ended Intermediate wave (X). Down from there, the decline is unfolding as a double three Elliott Wave structure where Minor wave W ended at $3210. Internal of Minor wave X unfolded also as a double three Elliott Wave structure, but of a lesser Minute degree. Minute wave ((w)) of W ended at $3861 as a zigzag Elliott Wave structure. Minute wave ((x)) of W ended at $4265, and Minute wave ((y)) of W ended at $3210 also as a zigzag Elliott Wave structure.

Minor wave X bounce is currently in progress to correct cycle from Nov 29 high in 3, 7, or 11 swing before the decline resumes. Minor wave (X) bounce is unfolding as a double three Elliott Wave structure. Minute wave ((w)) of X ended at $3633.2, Minute wave ((x)) of X ended at $3292.2, and Minute wave ((y)) of X is looking for $3715.4 – $3976.94 before the decline resumes. We expect sellers to appear from this area for further downside or at least 3 waves pullback as far as pivot at Nov 29 high ($4409.77) remains intact.

Bitcoin (BTCUSD) 1 Hour Elliott Wave Chart

Attached Image (click to enlarge)

Attached Image (click to enlarge)

A Low Risk Trade In T Using Our Blue Box System

In this blog I want use the stock of AT&T (NYSE:T) to show you an outstanding example of our typical low risk trade setups using our Blue Box System. In our recent Group 3 Member Area updates we stated T to be Bearish on both the Daily and 4-Hour time frames. This cohesive directional call between the two time frames gave us confidence to look for near term trade setups to the downside.
4 Hour Chart of T with the Subwaves of the (X)

T completed a cycle at the 28.85 low in Intermediate degree wave (W) in blue on 10/26/2018. This completed the nearest cycle lower from the 10/5/2018 peak and would allow us now to look for our typical bearish setup. Members were communicated confirmation of a bearish sequence. So, in the next few sessions we set the short trade up against the prior cycle peak of 10/5/2018 at 34.45. You will hear references to 3,7, or 11 swings a lot at Elliottwave-Forecast. This 3, 7, or 11 swing count and its related measured area is where a reaction should occur. 85% of the time the reaction is a return to the direction of the sequence. In the case of T to the downside. In the chart above you can see the anticipation area where the 3rd swing higher should end.
4 Hour Chart Highlighting the Blue Box Reaction Zone in T

Now that we had charted and confirmed the first and second swings of the proposed 3 swing move higher in T we could get a range to initiate shorts. The blue Box Range was calculated by taking Fibonacci extensions of the length of Minor degree wave A (in red) from the bottom of Minor degree wave B (in red). This projected target range for Minor degree wave C and Intermediate degree wave (X) (in blue) was 31.75-33.23. So entry for the trade was 31.75 with a stop above the 1.618 extension at the top of the blue box at 33.30. This is well under our 34.45 invalidation level. This level had to remain unbroken in order to have continued with the bearish sequence.
30 MIN Chart Highlighting the Reaction from the High

On 12/3/2018 T hit a high of 32.10 in the target area and reacted lower. The reaction was intense enough so that now our Group 3 T traders can take all risk off the trade. Prices should now not go above the 32.10 high before completing a cycle lower below 28.85. Our Group 3 Members have the targets we seek on the downside. This was a perfect example of using our sequence and cycle analysis to formulate a high probability low risk trade setup. We do these similar setups in all 78 instruments we cover. As a subscriber of all three groups you can cherry pick the very best setups to increase your odds in the world of trading every day.
If you’re new to this and want to know more about setting up plays similar to T, check out a free trial. Also, for the rest of the week we’re having specials on select plans with our December Sale.
I look forward to seeing you around our Live Sessions and Chat Rooms.
Trade Safe,
James
EWF Analytical Team

USDCAD Buying The Elliott Wave Dips
December 11, 2018 By Hassan Sheikh (Edit)
In this technical blog, we are going to take a look at the past performance of USDCAD, 1 hour Elliott Wave charts that we presented to our clients. We are going to explain the structure and the forecast below.
USDCAD 1 Hour Elliott Wave Chart From 12/06/2018

Above is the 1 hour Chart from 12/06/2018 Asia update, in which instrument made the new high above 11/28/2018 peak (1.3358) which made the cycle from 10/01 low incomplete to the upside. Therefore, the pair was expected to remain supported against 1.3157 low for more upside. While the initial rally from 1.3157 low took place in lesser degree 5 waves impulse structure, which also favours more upside for another leg higher at least to complete the zigzag correction. So our strategy remains buying the wave B dip in 3, 7 or 11 swings against 1.3157 low into the direction of right side tag higher.
USDCAD 1 Hour Elliott Wave Chart From 12/07/2018

USDCAD 1 hour Chart from 12/07/2018 NY update, the pair ended the lesser degree 5 waves in Minor wave A at 1.3443 high. Down from there, the pair made a 3 wave pullback as expected within Minor wave B. The internal of that pullback unfolded as Elliott wave flat correction & was expected to find buyers at 1.3299-1.3223 50-76.4% Fibonacci retracement area looking for another cycle higher or for minimum 3 wave bounce at least.
USDCAD 1 Hour Elliott Wave Chart From 12/11/2018

Here’s recent 1-hour Chart from 12/11/2018 Asia update, showing instrument reacting higher from the blue box area as expected. And our longs from 1.3299-1.3223 50-76.4% Fibonacci retracement area remain risk-free (stop loss on entry level). Now looking to see a break above 1.3443 high to confirm the next extension higher towards 1.3536-1.3604 100%-123.6% extension area of ((a))-((b)). Keep in mind, that internals of a rally from 1.3156 cycle low has adjusted to Minute degree, which was previously shown in Minor degree.
Keep in mind that the market is dynamic and the view could change in the meantime. Success in trading requires proper risk and money management as well as an understanding of Elliott Wave theory, cycle analysis, and correlation. We have developed a very good trading strategy that defines the entry. Stop loss and take profit levels with high accuracy and allows you to take a risk-free position, shortly after taking it by protecting your wallet. If you want to learn all about it and become a professional trader, then join our service with a Free trial.

CADJPY Incomplete Bearish Sequences Calling The Decline

Hello fellow traders. In this technical blog we’re going to take a quick look at the past Elliott Wave charts of CADJPY published in members area of The Website. As our members know CADJPY has the incomplete bearish sequences in the cycle from the October 3th peak. Break of 10/26 low has made the pair bearish against the 86.99 peak, suggesting further decline . We knew the price should find sellers in bounces in 3,7,11 swings. So ,we advised members to avoid buying the pair and keep on selling the rallies in the sequences of 3,7,or 11 swings whenever get chance. In further text we’re going to talk more about the Elliott Wave Forecast.
CADJPY 4 Hour Elliott Wave Analysis 12.1.2018
As of right now, the pair is correcting cycle from the 86.99 peak. Currently the pair is correcting the cycle from the 86.99 peak, doing Elliott Wave Double Three Pattern. We’re looking for another swing up , wave ((y)) to complete X red connector. We don’t advise buying the pair in proposed swing up, and favor the short side. As far as 86.99 pivot holds, we expect sellers to appear for further decline ideally or 3 wave pull back alternatively.

CADJPY 4 Hour Elliott Wave Analysis 12.5.2018
The pair has held 86.99 pivot in place, and we got nice decline after X red connector completed. During the decline the price broke 11/20 low, making the cycle from the 87.00 peak incomplete as well. Now the pair is targeting 83.85-83.30 area next, where sellers will be taking profits. We expect to see 3 wave bounce from the mentioned area, that should offer new selling opportunities in the pair. Although bounce is expected, we advise members to avoid buying the pair and to wait for clear bounce, before selling short term rallies in 3,7,11 swings against the 86.25 pivot in first degree.

CADJPY 1 Hour Elliott Wave Analysis 12.7.2018
Eventually we got the proposed bounce from the blue box area :83.85-83.30 as expected. Short term connector made clear 3 waves and reached its equal legs area at 84.9-85.38 ( sell zone). We are already getting reaction from there. As soon as the decline reaches 50 Fibs against the ((b)) low, we should make our short positions risk free.
Note : Keep in mind 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
We cover 78 instruments in total, but not every chart is trading recommendation. We present Official Trading Recommendations in Live Trading Room. If not a member yet, Sign Up for Free 14 days Trial now and get access to new trading opportunities. Through time we have developed a very respectable trading strategy which defines Entry, Stop Loss and Take Profit levels with high accuracy.
Welcome to Elliott Wave Forecast !

Elliott Wave View: NZDUSD Pullback In Progress

Short Term Elliott Wave view suggests that cycle from Oct 8 low (0.642) has ended at 0.697 high as Primary wave ((1)). Pair is now in the process of correcting the rally from Oct 8 low in 3, 7, or 11 swing within Primary wave ((2)). Decline from 0.6968 is unfolding as a double three Elliott Wave structure where Minor wave W ended at 0.6852 and Minor wave X ended at 0.6911.

Internal of Minor wave W unfolded as a zigzag Elliott Wave structure where Minute wave ((a)) of W ended at 0.6915, Minute wave ((b)) of W ended at 0.6944, and Minute wave ((c)) of W ended at 0.6852. Up from there, Minor wave X of ((2)) ended at 0.691 as a double three Elliott Wave structure where Minute wave ((w)) of X ended at 0.6904, Minute wave ((x)) of X ended at 0.686, and Minute wave ((y)) of X ended at 0.6911. Minor wave Y is now in progress lower as a zigzag Elliott Wave structure where Minute wave ((a)) ended at 0.6822 and Minute wave ((b)) ended at 0.6879. Short term, while rally fails below 0.6968, expect pair to extend lower

NZDUSD 1 Hour Elliott Wave Chart

Attached Image (click to enlarge)

Attached Image (click to enlarge)

Elliott Wave Analysis: Palladium Extended Higher

Here, we will look at past short-term Elliott Wave charts of Palladium’s (PA) price action presented to our members.
Below, you can see the 1-hour updated chart posted on the 12/07/18 with our Elliot count perspective at the time. We expected prices to extend higher due to the 11/16 high broken on 11/29, hence our bullish sequence stamp. Under our method, we encourage our members to trade with the right side of the market after a 3,7, or 11 swing dip. Usually, said dip, corrects the latest completed bullish cycle. With this in mind, after a FLAT correction (a 3 swing dip) of the cycle from 11/23 to wave ((a)), we expected a bullish reaction. As long as the invalidation level (1094.54) was kept intact, and the dip reached anywhere within the 1-1.618 Fibonacci extension area of blue (a) & (b), we expected buyers for further upside.
Palladium 12.07.2018 1 Hour Chart Elliott Wave Analysis

Notice what happens when the metal reaches the expected reaction area of (1150-1120). Palladium makes a great bounce and starts extending higher. A 5 wave impulse wave move towards new highs as long as the 1094.71 pivot holds.
Palladium 12.13.2018 1 Hour Chart Elliott Wave Analysis

*Note : Keep in mind the market is dynamic and the presented view might have changed after the post was published.
If you liked what you read or if you are interested on the Elliott Wave methodology and how it can work consistently with our bullish/bearish sequence method, become a member and join our community today. As always, new comers can always try us out for 14 days with our Trial Plan. And, for this month only, we are offering a 2 for 1 End of Year promotion.

Trading success is a journey and you will never be perfect at it, but you can always master your reaction to the market.

Elliott Wave Analysis: Palladium Extended Higher

Here, we will look at past short-term Elliott Wave charts of Palladium’s (PA) price action presented to our members.
Below, you can see the 1-hour updated chart posted on the 12/07/18 with our Elliot count perspective at the time. We expected prices to extend higher due to the 11/16 high broken on 11/29, hence our bullish sequence stamp. Under our method, we encourage our members to trade with the right side of the market after a 3,7, or 11 swing dip. Usually, said dip, corrects the latest completed bullish cycle. With this in mind, after a FLAT correction (a 3 swing dip) of the cycle from 11/23 to wave ((a)), we expected a bullish reaction. As long as the invalidation level (1094.54) was kept intact, and the dip reached anywhere within the 1-1.618 Fibonacci extension area of blue (a) & (b), we expected buyers for further upside.
Palladium 12.07.2018 1 Hour Chart Elliott Wave Analysis

Notice what happens when the metal reaches the expected reaction area of (1150-1120). Palladium makes a great bounce and starts extending higher. A 5 wave impulse wave move towards new highs as long as the 1094.71 pivot holds.
Palladium 12.13.2018 1 Hour Chart Elliott Wave Analysis

*Note : Keep in mind the market is dynamic and the presented view might have changed after the post was published.
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RUSSELL Incomplete Bearish Sequences Calling The Decline

Hello fellow traders. In this technical blog we’re going to take a quick look at the charts of RUSSELL published in members area of the website. As our members know, RUSSELL has incomplete sequences in the cycle from the August 31th 2018 peak. Break of October 24th low, has made 31th August cycle incomplete to the downside. The index is still missing more short term weakness to complete proposed August cycle, targeting 1298.5 area. Consequently , we expect the Index to find sellers in 3,7,11 swings sequences. We advised clients to avoid buying RUSSELL and keep on selling the rallies when given the opportunity. In the charts below, we’re going to explain the Elliott Wave structure, forecast and trading strategy.
RUSSELL Elliott Wave 1 Hour Chart 12.12.2018
As we can see at the charts below, RUSSELL is bearish against the 1562.74 peak in first degree. Proposed short term bounce seems to be unfolding as a Elliott Wave Double Three pattern. Recovery has scope to make another leg up toward 148.07 area, where we would like to be sellers against the 1562.7 peak. We recommended members to sell RUSSELL at the blue box (1478.07-1507.64) for further downside. As we have incomplete bearish sequences in August cycles, we expect sellers to appear at that area for further delcine ideally or 3 wave pull back alternatively. Stop Loss of the trade is a break above 1.618 Fibonacci extension (1507.64)


RUSSELL Elliott Wave 1 Hour Chart 12.17.2018

RUSSELL has made swing up as forecasted, however unfortunately it missed blue box:1478.07 by a few points. Sellers appeared early and short term recovery ended as truncation at 1474.7. The Index has given us the decline , making new short term low. Now RUSSELL is bearish against the as far as the 1474.7 peak in first degree. As far as that pivot holds , next leg down is in progress. Alternatively if during short term bounces mentioned pivot gives up, we can be doing Elliott Wave Flat pattern against the 1562.7 pivot
Keep in mind marked is very dynamic and proposed view could have ended in the mean time. You can check most recent updates in the Membersip Area of the Website 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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OIL Elliott Wave Analysis: Calling For More Weakness
OIL Elliott wave analysis suggests that a decline from October 3, 2018 peak ($76.9) is unfolding as impulse Elliott wave structure. Down from $76.9 peak, the primary wave ((1)) ended at $68.47 low. A primary wave ((2)) bounce ended at $69.65 high. Then a decline to $54.75 low ended primary wave ((3)). Primary wave ((4)) bounce ended at $57.98 high. Oil is currently in the final leg Primary wave ((5)) lower, which also looks to be unfolding as impulsive structure.
Down from $57.98 high, the initial decline to $50.08 low ended intermediate wave (1) in 5 waves. Above from there, a 3 wave bounce to $54.22 high ended intermediate wave (2) as zigzag structure. Below from there, intermediate wave (3) remain in progress in another 5 waves structure where Minor wave 1 ended in 5 waves at $50.53 low. A bounce to $53.29 high ended Minor wave 2 as a Flat correction.
Currently, Minor wave 3 remain in progress looking to extend lower 1 more time at least towards $45.57-$45.24 inverse 123.6%-161.8% Fibonacci extension area of lesser degree Minute wave ((iv)). Afterward, OIL is expected to do a bounce in Minor wave 4 in 3, 7 or 11 swings against $53.29 peak before further downside is seen. We expect bounces to get failed against $53.29 peak in 3, 7 or 11 swings for more downside.
OIL 1 Hour Elliott Wave Chart

Attached Image (click to enlarge)

Attached Image (click to enlarge)

Elliott Wave View: NASDAQ Futures Calling For Further Decline
NASDAQ ticker symbol: $NQ_F short-term Elliott wave view suggests that a bounce to $6897 high ended Primary wave ((X)). Down from there, the decline is unfolding as a zigzag structure within primary wave ((Y)) where an initial decline to $6772.25 low ended Minor wave 1. Minor wave 2 bounce ended at $6864.75 high, Minor wave 3 ended in lesser degree 5 waves at $6523 low. Then a bounce to $6649 high ended Minor wave 4. Finally a push lower to $6423.25 low ended Minor wave 5 & also completed the intermediate wave (A) in 5 wave impulse structure.
Above from there, the index made a 3 wave bounce higher & completed the intermediate wave (B) at $6612.41 high. The internals of that bounce unfolded as double three structure where Minor wave W ended at $6577.50 high. Minor wave X ended at $6457 low and Minor wave Y ended $6612.41 high. Down from there, the index has made a new low below $6423.25 low confirming the intermediate wave (C) lower. Also, with this break lower the cycle from 12/12 peak ($6897) has become incomplete to the downside favoring more downside. Near-term, while bounces fail below $6612.41 high expect index to extend lower. We expect bounces to get failed against $6612.41 high in 3, 7 or 11 swings for further downside.
NASDAQ 1 Hour Elliott Wave Chart

Attached Image (click to enlarge)

Attached Image (click to enlarge)

Can Aggressive Elliott Wave View In Nikkei Will Play Out?
Nikkei short-term Elliott wave view suggests that the cycle from 10/01/2018 peak is showing 5 swings bearish sequence. This favor more downside to 19073-16773 100%-123.6% Fibonacci extension area to be reached in 7 swings before support for bigger 3 wave bounce is seen at least. The decline from 10/01 peak is showing overlapping price action thus suggests that decline is unfolding in a corrective sequence i.e could be unfolding as double three structure.
Currently, the decline to 21075 low intermediate wave (W) lower. Above from there, a bounce in intermediate wave (X) took place as a Flat correction where Minor wave A ended at 21735 high. Minor wave B ended at 20950low and Minor wave C ended at 21890 high which also completed intermediate wave (X). Down from there, intermediate wave (Y) remains in progress in a lesser degree zigzag structure where Minor wave A ended in 5 waves at 20845 low. Then a 3 wave bounce to 21168 high ended Minor wave B.
Below from there, Minor wave C remains in progress in another lesser degree 5 waves structure & reached the 100%-123.6% Fibonacci extension area of Minor wave A-B to complete intermediate wave (Y) soon. Afterward, the index is expected to do a bounce in 3, 7 or 11 swings within intermediate (X)(X) of a possible triple correction lower as per aggressive view against 21168 high pivot firstly & against 21890 high in the second degree. We expect short-term sellers to appear in 3, 7 or 11 swings on a bounce in intermediate wave (X)(X).
Nikkei 1 Hour Elliott Wave Chart

Attached Image (click to enlarge)

Attached Image (click to enlarge)