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NZDCAD : Buy the Dip for Another Push Higher
February 5, 2019 By EWF Aidan (Edit)
NZDCAD Technical Analysis February 5/2019
NZDCAD remains bullish as long as today’s low (0.9008) remains untouched. On the 1 hour chart there are clear visible bullish patterns that can be seen. In the chart below, market patterns are used to determine where price can possibly pause and reverse higher. The green bullish pattern has already triggered BUYS at the XA 0.886% Fib. retracement level. The green bullish pattern point D terminated slightly below the XA 0.886% level but did not extend below the invalidation level and has since bounced higher. Traders should now watch the possible blue and orange bullish patterns that trigger BUYS on a dip lower from current price. Blue bullish pattern triggers BUYS at the BC 0.50% Fib. retracement level and if price extends a little lower the orange bullish pattern will trigger BUYS at the XA 0.886% Fib. retracement level. Traders need to wait and watch how price reacts at the possible support zone (blue box) and see if the market reacts higher to any of these bullish patterns. If looking to trade NZDCAD stops should be placed at the point B low of the blue bullish pattern looking for a rally higher to extend higher and hit targets above. Only time will tell what NZDCAD will do but at least now you are aware of the possible area where the pair can bounce from.
NZDCAD 1 Hour Chart 2.5.2019



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
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Sugar: Double Zigzag Elliott Wave Structure
February 6, 2019 By Daud Bhatti (Edit)
Many Elliott wave practitioners call every WXY structure a double zigzag structure when in reality, every WXY structure is not a double zigzag structure. In this video blog, we explain the difference between a double zigzag Elliott wave structure and a double three Elliott wave structure and take a look at a double zigzag structure which is unfolding in the market right now.
Double Zigzag Elliott Wave Structure
Image below is that of a double Zigzag Elliott Wave Structure. Wave (W) is a zigzag in which both A and C are in 5 waves. Same is the case with wave (Y) and again both A and C are in 5 waves and that’s why it qualifies as a double zigzag Elliott wave structure. Now, wave (W) can consist of any corrective structure, it could consist of a lesser degree W-X-Y and same with wave Y and if that’s the case, then it would be called a double three Elliott Wave structure. Thus, to conclude we could say that every double zigzag structure is a double three structure but every double three structure is not a double zigzag.


SB_F Sugar Elliott Wave Analysis: Weekly Chart
Below is the weekly chart of Sugar Futures which shows 5 swings a zigzag drop from $36.08 down to $10.13 followed by a 3 waves bounce to $24.27. After this, Sugar futures dropped below $10.13 in 5 waves and started bouncing. Cycle from $24.27 low ended at $9.91 and Sugar is now in a bounce to correct the decline from $24.27 peak. As bounces fail below $24.27 high, Elliott wave sequence calls for Sugar futures to make another swing lower below $9.91 to complete 7 swings or a double zigzag structure lower from $36.08 peak.

SB_F Sugar Double Zigzag Elliott Wave Structure Video
Video below explains the difference between double three and double zigzag Elliott wave structure and also we show the daily chart of Sugar futures. Sugar futures have already done 3 swings up from the low of wave “a” and wave “b” could be over but still could do 7 swings up in wave “b” so we highlight the next area of interest for wave “b” to complete and sellers to appear for new lows or a 3 waves reaction lower at least.

Energy Stocks of XLE Remain Bullish in the Near Term
February 6, 2019 By EWFJames (Edit)
The Energy Sector ETF, XLE, remains bullish in the near term. From the lows of $53.25 on 12/24/2018 we are charting a zigzag Elliott wave pattern. The target to the upside is $72.25 while the $61.30 low of 1/23/2019 holds.
The Model of the Elliott Wave Pattern


5-3-5 ZigZag Pattern
ZigZag patterns always subdivide into three waves. In the chart above these waves are labeled (A) – (B) – (C). Waves (A) and (C) always subdivide or downgrade into an impulsive 5 wave structure or a motive diagonal structure. Wave (B) can subdivide into any corrective structure, but must never move beyond the origin of the entire structure. Or, in other words, wave (B) cannot go below the start of the (A) wave in the chart above.
It is common to see the length of wave (A) in a zigzag equal to the length of wave (C). We call this relationsip a measured move or equal legs. Moreover we are using this common property of the zigzag structure to project a near term high in XLE.
Current 4Hr Chart of XLE

XLE ZigZag
Using the same guidelines for the typical zigzag model we are now projecting an end to the current rally in XLE. With a typical relationship between waves (A) and (C) to be equal a trader can target a near term top in XLE at $72.25. The critical factor for this analysis to hold is prices remaining above the (B) wave low. So, while above $61.30 we’re looking for 5 subdivisions in (C) to the upside to reach our target.
To learn more about the Elliott wave structures check out our educational page. For a limited time we’re offering 25% off all educational products here. We also offer a free trial for 14 days to get to know our service before committing to any of our subscription plans.
To Your Success!
James
EWF Analytical Team

Elliott Wave View Suggest FTSE Close Reaching Extreme
FTSE short-term Elliott wave view suggests that a rally from 12/27/2018 low (6536.53) is unfolding as a zigzag structure where initial rally to 7001.94 high ended wave A in 5 waves structure. Down from there, wave B unfolded as a Flat correction where wave ((a)) ended at 6841.74 low. Wave ((b)) bounce ended at 6987.93 high in lesser degree flat correction. Wave ((c)) ended in lesser degree 5 waves at 6732.33 low, which also completed wave B pullback. After reaching the blue box area at 6785.66-6658.34 100%-161.8% Fibonacci extension area of ((a))-((b)).
Up from there, wave C remain in progress as impulse structure where wave ((i)) ended at 6994.88 high. Wave ((ii)) pullback ended at 6945.05 low and ((iii)) remain in progress looking for more upside towards 7191.16-7473.95 100%-161.8% Fibonacci extension area of wave A-B to reach the extreme from 12/27/2018 low. Afterwards, index is expected to resume the downside or should do a 3 wave pullback at least. Near-term cycle from 12/27/2018 low is mature already with a minimum number of swings in place but as far as a pivot from 6732.33 low expect index to extend higher.
FTSE 1 Hour Elliott Wave Chart

Attached Image (click to enlarge)

Tesla Elliott Wave Bearish Sequence Favoring More Downside
Tesla ticker symbol: $ TSLA short-term Elliott wave view suggests that the cycle from 12/7/2018 peak is showing incomplete structure favoring more downside still. Down from that peak, the decline is unfolding as an impulse structure with sub-division of 5 waves structure in lesser degree cycles. When a decline to $279.28 low ended wave (1) in a lesser degree 5 waves structure. Above from there, Tesla corrected the cycle from 1/16/2019 peak ($352) in wave (2) bounce.
The internals of that bounce unfolded as double three structure with lesser degree cycles showing the sub-division of 3-3-3 corrective structure in each leg. Up from $279.88 low, the initial bounce to $318 peak ended wave W also in lesser degree double three structure. Down from there, a pullback to $290.51 low as zigzag structure. Above from there, a rally to $324.19 high ended wave Y as zigzag structure. And also completed the wave (2) bounce. Near-term, as far as bounces fail below $324.19 high expect Tesla to extend lower in wave (3) lower towards $264.11-$243.39 area lower initially. However, a break below $279.28 low will add more conviction to this bearish view & avoid double correction in wave (2) bounce.
Tesla 1 Hour Elliott Wave Chart

Attached Image (click to enlarge)

Has S&P E-Mini Futures (ES_F) Formed Secondary High?
February 11, 2019 By EWFHendra (Edit)
Recall in our previous article we said U.S. Indices, specifically S&P 500 E-Mini Futures (ES_F), likely won’t break last year’s high yet. From the technical side, the chart below shows why the current level around 2700 presents a formidable resistance.

From the fundamental side, we have a slew of headwinds which can impede the current rally. The Fed still remains in quantitative tightening (QT) mode to normalize its balance sheet. The Fed is now at the maximum pace of $50B tightening per month. If QE (Quantitative Easing) is a tailwind for stocks, then logically QT should be a headwind for stocks. As the flow of QT increases to maximum pace, the pressure and volatility in the stock market can also start to increase.

Then there’s the risk of U.S and China’s trade war. Both countries have slapped tariffs against each other’s goods since last year. Although both sides remain in negotiation, failure to reach a settlement by March deadline can see US increases the tariffs on $200 billion worth of Chinese goods from 10% to 25%. Deep divisions on both sides remain on the issues of intellectual property and forced technology transfer. A research by Washington-based consultancy Trade Partnership Worldwide suggests almost 1 million American jobs are at risk with the current trade war with China and other countries. In addition, should US push ahead and increase tariffs to 25% to Chinese goods, the same study predicts more than 2 million American jobs can be affected.
Last but not least, there’s also a threat of another U.S. partial government shutdown due to Trump’s wall funding issue. The White House had asked for $5.7 billion, and the Democratic-controlled House rejected it. The White House said it has not ruled out another federal government shutdown this Friday if they still can’t reach a deal by then. Congressional Budget Office (CBO) said the last 5 week shutdown will make the US economy 0.02% smaller in 2019. If another extended shutdown happens, it will further affect the US economy.
ES_F 4 Hour chart 10 February 2019

S&P 500 E-Mini Futures chart above shows the Index breaking below the parallel channel. This suggests a potential that the cycle from Dec 25, 2018 low has ended. In the shorter cycle, there is yet not enough separation from last week’s high at 2739.3 to be comfortable with this idea. However, the break below the channel is an early indication that we may have formed the secondary high in the ES_F. As such, while the rally fails below 2739.3, but more importantly below last year’s high at 2947, the Index can either resume lower or pullback in 3 waves at least. If the Index breaks above 2739.3 then it still remains in the process of forming the secondary high, i.e. wave ((X)). However, even if it breaks above 2739.3, the Index is likely not going to break above 2947 without at least a significant 3 waves pullback first.
Keep in mind that market is dynamic and the view above may change from the time that the article was written. To get a regular Elliott Wave update on S&P 500 E-mini Futures and other instrument, you can take our Free trial here –> 14 days FREE trial

$IBM Long Term Bullish Trend and Elliott Wave Cycles
February 11, 2019 By EWF Lewis (Edit)
$IBM Long Term Bullish Trend and Elliott Wave Cycles
Firstly I would like to mention Big Blue has been around for over 100 years since it was founded. I have price data that goes back to the 1960’s when the stock price was around three dollars. The point of this article is to show what Elliott Wave technical analysis suggests will happen before the stock price resumes the larger uptrend.
Secondly from the early beginnings of the company up to the March 2013 highs was simply a series of higher highs and higher lows. The weekly chart shown below is where this wave analysis begins. This decline appears to be a zig zag Elliott wave corrective structure. These structures subdivide into what wave analysts call a 5-3-5 structure. This means the first cycle ((A)) lower from the March 2013 highs to the February 2016 lows was a five wave impulse. This impulse had some overlap in between the wave (1) and wave (4). Thus it would be considered a diagonal. The bounce in the ((B)) wave connector subdivides into three corrective swings.
The analysis continues below the weekly chart.
IBM Weekly Chart

Thirdly from the February 2017 ((B)) highs price has declined in two smaller degree blue (1) & (3) impulse waves. By all means, this is an incomplete larger degree black ((C)) impulse. Currently the wave (4) in blue is correcting the cycle lower from the wave (2) highs. Momentum indicators like RSI should ideally continue showing a lower reading in the wave (4) when compared to the wave (2). Considering the previous impulse wave ((A)) diagonal had some overlap between the wave (1) & (4) it could happen again in the current wave (4) of ((C)). This not a rule requirement. As of right now it appears it may turn back lower without any overlap.
In conclusion as earlier mentioned the sequence lower from February 2017 is incomplete. It is only missing another swing lower under 105.94, the 12/24/18 lows in the impulse ((C)) to finish the zig zag structure. Highlighted on the chart is an ideal area price can reach before resuming the larger uptrend.
Thanks for looking. Feel free to come visit our website and check out our services Free for 14 days to see if we can be of help.
Kind regards & good luck trading.
Lewis Jones of the ElliottWave-Forecast.com Team

Shopify (NYSE:SHOP) – Bullish Flag Breakout Higher
February 10, 2019 By Ayoub Ben Rejeb (Edit)
Shopify (NYSE:SHOP) is an electronic commerce company offering online stores and retail point of sale platform designed for small and medium-sized businesses. Merchants can design, set up and manage their shops using a single interface which make is an easy and attractive way to start up a business in few clicks.
E-commerce industry been around for almost 3 decades, but the recent 10 years saw a significant growth and with new technologies it took it to the next level which has transformed the processes of buying and selling goods.
Shopify have been in business for 14 years and become one of the leaders in providing e-commerce services. The company has not taken on any debt in the past 5 years and has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 47.1% each year.
Shopify Future Revenue and Net Income

Based on the the current data for Shopify, its earnings and revenue are expected to grow significantly at over 20% yearly putting a solid case for investors to keep it for the future. Its stock (NYSE:SHOP) yearly return outperformed the Information Technology sector and the US Market since the IPO.
Let’s now switch to the technical aspect of SHOP chart with the guidance of Elliott Wave Theory to understand the future path:
Shopify Weekly Elliott Wave Chart

Since IPO, the stock price advanced higher in a classical 5 waves move which design a bullish trend. Therefore, based on the Elliott wave theory, the stock will do another similar 5 waves move in the same direction after a 3 , 7 or 11 swings pullback against the trend.
That’s exactly what’s taking place, SHOP ended the cycle last year as a first leg wave (I) then corrected lower in what appears to be a bullish flag pattern in wave (II) and now the stock is in the process of resuming the main trend by making new all time highs.
The break to the upside is significant in 2 ways: A break of a bullish continuation pattern and more importantly a possible start of a third wave higher which represent the strongest wave in the Elliott wave theory. The minimum measured target for the move is at the 100% Fibonacci extension $275 and the 161.8% comes at $375.
Consequently, Shopify is expected to remain supported above December 2018 low $117 and buyers will be looking for pullbacks in 3 , 7 or 11 swings to enter the market which makes the stock bullish for 2019.
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Elliott Wave View Favors More Downside in GBPUSD

GBPUSD short-term Elliott wave view suggests that the rally to 1.322 on Jan 26, 2019 ended wave ((X)). Decline from there is unfolding as a 5 waves impulse Elliott Wave structure. Down from 1.322, wave (i) ended at 1.3053, wave (ii) ended at 1.316, wave (iii) ended at 1.2853 and wave (iv) ended at 1.2997. Subdivision of wave (i), (iii), and (v) are also impulse 5 waves in lesser degree. Currently, wave (v) is in progress towards 1.271 – 1.282 area before pair ends cycle from Jan 26, 2019 high.

The 5 waves lower from Jan 26 high will end either wave ((i)) or wave ((a)) of larger Elliott Wave degree. Pair should then bounce in wave ((ii)) or ((b)) to correct cycle from Jan 26 high in 3, 7, or 11 swing before the next leg lower. As far as pivot at 1.322 high stays intact, expect rally to fail and pair to extend lower at least another leg lower. We do not like buying or fading the 5 waves move lower as the impulsive move can always extend to the downside further. A break above the parallel channel can be the first indication that wave ((i)) is complete.

GBPUSD 1 Hour Elliott Wave Chart

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Elliott Wave Analysis: More Downside Expected in EURGBP
February 12, 2019 By EWFSanjay (Edit)
Hello fellow traders. I want to share with you some Elliott Wave charts of EURGBP which we presented to our members at Elliott Wave Forecast. You see the 4-hour updated chart presented to our clients on the 01/26/19 below
EURGBP unfolded as an Elliott Wave Zig-Zag structure from 01/02/19 peak. Decline from there ended black wave ((a)) at 0.88768 and wave ((b)) bounce ended at 0.89840. Black wave ((c)) of red wave W should end soon as it has reached our blue box area. This area comes at 0.87477-0.86019, which is 100% – 161.8% Fibonacci extension from black ((a))-((b)). Pair should rally in the sequences of 3-7 or 11 swings to correct the cycle from 01/02/19 peak.
EURGBP 01.26.2019 4 Hour Chart Elliott Wave Analysis


In the Elliott Wave chart update below, you can see that black wave ((c)) of red wave W ended at around 0.86153 low. Above from there, it started the expected bounce in red wave X. Due to the right side tag against 0.91161 peak and the bearish sequence tag, we advised members that selling EURGBP in the sequences of 3-7 or 11 swings will be the idea to go. Please keep in mind that the 4-hour charts which I presented can have changed already. The purpose of this blog is just to illustrate how accurate our blue boxes are. Our members can use the blue box and right side stamp and buy/sell correction in 3-7 or 11 swings.
If you are interested to know further how to trade our blue box areas and Elliott Wave, I recommend you to subscribe our special promotion which we are currently running below. We present a lot of trading setups in our 3 Live Trading Rooms.

EURGBP 02.06.2019 4 Hour Chart Elliott Wave Analysis
https://elliottwave-forecast.com/wp-...Hour-6-Feb.jpg

I hope you like this blog. We have developed a very good trading strategy that defines entry, stop loss and take profit levels with high accuracy. Our strategy allows members to get high probability of getting a risk-free position shortly after entering in the trade to protect possible losses. If you want to learn all about it and become a professional trader, then join our service by taking our Buy 1 Month and get 1 Month for free promotion.

BP Cycles and Elliott Wave from February 2016
February 8, 2019 By EWF Lewis (Edit)
BP Cycles and Elliott Wave from February 2016
Firstly I would like to mention the data I have on the BP stock goes back to around 1968 when prices were ranging around in between 1 & 2 dollars. The stock price rose until the November 2007 highs. There it ended a cycle up from the all time lows. From there a sharp pull back lower in price was seen until the June 2010 lows. The point of this is to point out technically why the stock may see some pain before resuming an uptrend.
Secondly from there the bounce into the January 2011 high effectively ended a pullback cycle. That corrected the move up from the all time lows. From that January 2011 high price appears to have been an Elliott Wave flat structure that subdivides as 3-3-5. This remained above the June 2010 lows and ended on February 11, 2016. That is where the analysis starts on the daily chart shown below.
The analysis continues below the daily chart.
BP Daily Chart

Thirdly I will remind the 2016 lows did remain above the 2010 lows. That in itself will create a degree of bullishness as far as technically speaking. The bounce from the February 2016 lows is not the prettiest wave structure I ever saw however it appears to be an impulse. This cycle ended on May 21, 2018. The pullback lower from there in the blue (W) is actually enough to be a complete three swing correction against the uptrend from 2016. I do however have other correlated reasons why it can still see another swing lower before resuming higher.
In conclusion. The correlated market in Crude Oil appears it can see some further weakness to correct the cycle up from the 2016 lows. A strong possibility exists for a broader indices market selloff again as well. This Fibonacci extension area highlighted on the chart may still be seen before a pullback lower again. From that area, at a minimum it should at least correct the cycle up from the December 26, 2018 lows before a sustained move higher again.
Thanks for looking. Feel free to come visit our website and check out our services Free for 14 days to see if we can be of help.
Kind regards & good luck trading.
Lewis Jones of the ElliottWave-Forecast.com Team

Elliott Wave View: Further Rally in Nikkei Favored

Short-term Elliott wave view in Nikkei suggests that the Index has ended correction at 20169 as wave ((X)) and starts a new leg higher. Decline to 20169 on 8 February took the form of an Elliott Wave Expanded Flat. An Elliott Wave Flat structure has an ABC label with subdivision of 3-3-5. We can see from the 1 hour chart wave (B) of this FLAT ended at 20970 and wave (C) ended at 20169. Subdivision of wave (C) unfolded as a 5 waves Impulse Elliott Wave structure. Down from 20970, wave 1 ended at 20815, and wave 2 ended at 20895. Wave 3 ended at 20270, wave 4 ended at 20370, and wave 5 ended at 20169.

The Index has since rallied and broke above the previous high on February 5th, suggesting the next leg higher has started. Rally from Feb 9th low (20169) is unfolding as a 5 waves Impulse structure. Up from 20169, wave 1 ended at 20480 and wave 2 ended at 20390. Expect a few more legs higher in the Index to end the 5 waves up. Afterwards, it should pullback to correct the cycle from Feb 9 low within wave (B) in 3, 7, or 11 swing. As far as pullback stays above 20390 low, expect the Index to extend higher. We don’t like selling the Index.

Nikkei 1 Hour Elliott Wave Chart

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Alibaba Ended Elliott Wave Flat Correction: What’s Next?
February 12, 2019 By Hassan Sheikh (Edit)
In this technical blog, we are going to take a look at the past performance of Alibaba ticker symbol: $BABA 4-Hour Elliott Wave Charts that we presented to our members. In which, the stock made a 3 wave recovery higher as Elliott wave Flat structure from 10/30/2018 low ($130.06). We will explain the structure & forecast below.
Alibaba 4 Hour Elliott Wave Chart From 1/28/2019

Above is the 4-hour Chart from 1/28/2019 update, in which a decline to $130.06 low ended wave “(w)” as zigzag structure. Above from there, the stock made a 3 wave bounce higher as a zigzag structure where wave ((A)) ended at $160.98 high. Wave ((B)) pullback ended at $139.97 low. Wave ((C)) ended at $169 high and also completed wave “a” of a Flat structure. Down from there, the stock made a 3 wave pullback & went on to make new low below ($130.06) in wave “b” lower. The internals of that decline unfolded as zigzag structure where wave ((A)) ended at $150.51 low. Wave ((B)) bounce ended at $158.05 high. Wave ((C)) ended at $128.91 low and also completed wave “b” lower.
Up from there, the stock started the wave “c” higher with lesser degree cycles showing 5 waves impulse structure. When wave ((1)) ended at $142.51 high, wave ((2)) ended at $129.83 low. Wave ((3)) ended at $159.49 high and wave ((4)) ended at $150.21 low. Above from there, wave ((5)) was expected to extend higher towards $163.60-$171.92 area approximately before ending the Flat correction from 10/30/2018 low in wave “(x)” & turning lower again.
Alibaba 4 Hour Chart From 2/07/2019

Alibaba 4 hour Chart from 2/07/2019 update, in which the stock took the extension higher in wave (5) & completed the expanded Flat correction at $173.23 high. It’s important to note that, we have adjusted the degree of the bounce slightly by downgrading it based on our distribution system. But the Overall Forecast remains the same. While bounces fail below $173.23 high the stock is expected to resume the downside based on incomplete sequence coming from 6/5/2018 peak with extra swing low in placed at 12/24/2018 low ($129.77) favors more downside, which we have explained in our previous article here. Below is the Daily Chart from 2/8/2019 showing an incomplete sequence from 6/5/2018 peak & extra swing low. If $173.23 high breaks, then we should still be in wave wave (5) of ((C)) of “x”.
Alibaba Incomplete Sequence From 6/5/2018

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 by taking a Free Trial or by taking the advantage of Buy 1 Month Get 1 Month Free Offer ( For Gold & Platinum plans).

Gold Buyers Should Appear Soon | ELLIOTT WAVE FORECAST

Elliott wave view in Gold suggests that rally from August 16, 2018 low ($1160.37) is unfolding as an Elliott Wave Impulse structure. Rally to $1326.53 ended wave (3). Wave (4) pullback is in progress as a double three Elliott Wave structure. Down from $1326.53, wave W ended at $1302.4 and wave X ended at $1318.17. Internal of wave W takes the form of a zigzag Elliott Wave structure. Wave ((a)) of W ended at $1308.40, wave ((b)) of W ended at $1316.9, and wave ((c)) of W ended at $1302.40.
Internal of wave X takes the form of a double three Elliott Wave of a lesser degree. Wave ((w)) of X ended at $1315.63, wave ((x)) of X ended at $1303.4, and wave ((y)) of X ended at $1318.17. Wave Y is proposed to take the form of a zigzag Elliottwave structure where wave ((a)) ended at $1304.90. Near term, while wave ((b)) bounce stays below $1326.53, expect another leg lower to $1288.28 – $1293.98 in wave ((c)). This move lower should also end wave Y of (4). Expect buyers should appear in this area for new high in wave (5) or at least a 3 waves bounce. We do not like selling Gold.

Gold 1 Hour Elliott Wave Chart

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S&P 500 Forecasting The Path
February 13, 2019 By EWF Vlada (Edit)
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of SPX, published in members area of the website. Back in December 2018 we were calling cycle from the 21st September 2018 peak still unfinshed to the downside. Our Elliott Wave analysis were calling for more weakness toward extreme zone 2478.23-2270.42 ( Blue Box). As our members know, Blue Boxes are no enemy areas , giving us 85% chance to get a bounce. Consequently we expected larger bounce to happen to correct the cycle from the September’s peak at least. In further text we’re going to explain Ellott Wave Analysis
SPX Daily Elliott Wave Analysis 12.8.2018
The cycle from the peak has been unfolding as Elliott Wave Double Three Pattern. We’re now in third leg down from the September’s peak that has scope to reach Blue Box area at 2478.23. As far as pivot at ((X)) high holds, proposed extension down should follow. Once the indexe reaches 2478.23-2270.4 Blue Box area, sellers will be taking profits and buyers should appear for larger 3 wave bounce at least.

SPX Daily Elliott Wave Analysis 1.15.2018
Eventually SPX has reached Blue Box area at 2478.23-2270.4 and found buyers there. Cycle from the September’s peak ended at 12.26.2018 low and we’re getting rally as expected. Now structure from that low looks incomplete to the upside. The price is showing higher high , suggesting further strength toward blue box area 2619.58-2727.95 as far as pivot at 2443.35 low holds.

SPX Daily Elliott Wave Analysis 1.15.2018
At this stage SPX is reacing blue box from the previous charts, however cycle from the December’s low can still remain in progress as Triple Three. We expect more short term strength due to incomplete incomplete bullish sequences in DAX, IBEX and JPY pairs.

Note : Some labelings have been removed from the chart in order to protect. At this stage we see possibility that SPX has ended the cycle from the December’s low and SPX is not recommended for buying at the moment. Keep in mind that market is dynamic and presented view could have changed in the mean time. You can check most recent charts in the membership area of the site.
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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GBPJPY Sellers in Control | Elliott Wave Forecast

Short term Elliott wave view in GBPJPY favors further downside due to the 5 swing sequence from Jan 26 high (144.84). We are calling the structure of the decline from 144.84 as an Impulse Elliott Wave. An impulse is a 5 waves move where subdivision of wave 1, 3, and 5 is also in 5 waves but in a lesser degree. Down from 144.84, wave ((i)) ended at 141.1 and wave ((ii)) ended at 143.35. Pair has broken below wave ((i)) at 141.1, signalling that the next leg lower has started.

We can see subdivision of wave ((i)) in impulsive 5 waves of a lesser degree. Wave (i) ended at 142.22, wave (ii) ended at 144.17, wave (iii) ended at 141.73, wave (iv) ended at 142.45, and wave (v) of ((i)) ended at 141.1. The internal of wave ((ii)) rally unfolded as a zigzag Elliott Wave structure. Wave (a) ended at 142.63, wave (b) ended at 141.7, and wave (c) of ((ii)) ended at 143.35. Subsequent decline in wave ((iii)) appears impulsive and we expect wave (i) of ((iii)) to end soon. Pair should then rally in wave (ii) to correct the decline from 143.35 high, but the rally should fail in 3, 7, or 11 swing below 143.35 for further downside. We don’t like buying the pair.

GBPJPY 1 Hour Elliott Wave Chart

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USDPLN Buyers In Control as October High Breaks
February 14, 2019 By Daud Bhatti (Edit)
USDPLN has rallied strongly over the past 2 weeks which resulted in a break of October 2018 peak. In this blog, we will take a look at the mid-term and short-term Elliott wave structure of this Forex pair and what we can expect going forward. We have also overlaid DXY (US Dollar Index) chart with USDPLN for the readers that we would be presenting towards the end of the article.
USDPLN Elliott Wave Analysis – Daily Chart
Chart below shows rally from 1.25.2018 low to August 2018 peak labelled as wave ((A)) was in an Elliott Wave Impulse with an extended wave (3). This was followed by a 3 waves pull back 3.631 which completed wave ((B)). Following this wave ((B)) pull back, pair rallied to a new high in October 2018 but the rally was in 3 waves which left the door open for further sideways consolidation in the form of a triangle or an Elliott Wave FLAT in wave ((B)) with the other possibility that being of an Elliott Wave Diagonal ((C)) wave which sub-divides in 3-3-3-3-3. Following a 3 waves pull back to 3.7063, pair has broken above October 2018 peak which supports the idea of ((C)) wave diagonal.
Now there are two ways in which this ((C)) wave diagonal could unfold. Near-term (as we will show in the 1 hour chart below) dips are expected to hold above 3.7063 low for extension higher toward 3.9257 – 4.0630 area which is 100 – 161.8 Fibonacci extension of the initial 3 waves rally from September 2018 low to October 2018 peak. Depending on how high we go within the blue box, we should end wave (3) of ((C)) or just wave (1) of ((C)) but in either case, we should be expecting more upside as far as prices stay above 3.7063 and more importantly above 3.631.

USDPLN Impulsive Elliott Wave Rally from 1/31 low
Chart below is a 1 Hour chart of USDPLN Forex pair and we can see a clear Elliott Wave Impulse with an extended wave ((iii)) and wave (iii) of ((iii)) was also extended. Pivot at black wave ((iv)) low has given up which supports the view that Impulsive rally in the form of wave A has completed at 3.8594 and a pull back in wave B should now be in progress. As pair has got 5 swings up from 3.631 low (see daily chart above), wave B pull back is expected to see buyers and then pair should turn higher as far as dips hold above 3.7063 low.

USDPLN and DXY Overlay
Chart below is an overlay of US Dollar Index with USDPLN and we can see both made a low in January 2018 and then a secondary low in September 2018. USDPLN has already broken above August and October peaks and appears to be leading the rally in US Dollar Index.
https://elliottwave-forecast.com/wp-...0214213626.png

SDCAD : Possible Breakout Higher?
February 14, 2019 By EWF Aidan (Edit)
USDCAD Technical Analysis February 14/2019
USDCAD BUY/LONG Trade Setup: USDCAD is forming a bullish inverted Head and Shoulders market breakout pattern. Price has already broke above the neck line which can be a signal that possibly more bulls will be entering LONGS and will start pushing the pair higher. Traders should watch for a good strong break above the green BUY breakout trend line. A good break above this level can send USDCAD higher and possibly extend to newer highs above the December 2018 high. If looking to BUY USDCAD look to buy on a good break above the green BUY entry trend line with Stop Loss at the low of the right shoulder and watching for price to hit the target levels as shown in the chart below. As long as the low of the right shoulder holds then a rally higher can be strongly possible. A break above the January 24/2019 high will confirm bulls are in control. Only time will tell what the pair will do but as for now I remain bullish until otherwise. Trade what you see and squeeze the trigger if and when you see USDCAD start to move higher. Trade safe.
USDCAD 4 Hour Chart 2.14.2019

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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Elliott Wave View: S&P 500 (SPX) Rallies as an Impulse

Since bottoming at 2346.58 on December 26, 2018, S&P 500 (SPX) has rallied 18% in less than 2 months. The structure of the rally appears like an Impulse Elliott Wave structure. An Impulse structure is a 5 waves move. The Index is now within wave ((3)) of the possible 5 waves move from December 26 low. Subdivision of wave ((3)) unfolded as another 5 waves of lower degree where wave (3) ended at 2738.98 and wave (4) ended at 2681.83.

Wave (5) of ((3)) is currently in progress towards a potential target of 2781.12 - 2811.77 (blue box). The Index should then pullback in wave ((4)) to correct wave ((3)) rally from December 28, 2018 low (2397.94). The pullback should later unfold and find buyers in the sequence of 3, 7, or 11 swing. In Elliott Wave Theory, wave 4 typically correct wave 3 at 23.6 - 38.2 Fibonacci retracement. We need to wait for wave ((3)) to complete before we can project a more accurate retracement area. If we assume wave ((3)) ends at 2781 (the blue box), then potential area for the Index to end the wave ((4)) correction is approximately 2635 - 2691.

Once the Index ends the correction, it still has a chance to extend higher 1 more leg in wave ((5)). Alternate view suggests that the Index ends wave ((5)) already in the current rally instead of wave ((3)). In the alternate view, Index should correct the entire rally from December 26, 2018 low in the next pullback.

S&P 500 (SPX) 1 Hour Elliott Wave Chart

Attached Image (click to enlarge)

$SPX: Who is Right? The Fed or President Trump
February 18, 2019 By EWFEric
The S&P 500 ($SPX) had the worst December in history as the market got nervous. Many started to guess the possible reasons and came up with many different arguments. There were several reasons like the trade wars with China and the political environment in the US, among others. One particular reason about President Trump got the most attention. The president started to lash out again at the FED because of their decision to raise interest rates probably because President Trump believes that raising interest rates would cause Stock Markets to drop which won’t be good for his term. The chairman of FED is appointed by the President, but the FED is designed to operate without a political bias. Many headlines crossed the wires like “ Trump lashes out at Fed — again: ‘They’re raising interest rates too fast”, ” Did the Fed just cave to Trump?” when they raised rate in December.
The Fed can be right if they look at the $SPX Grand Super Cycle Blue Box. Raising Interest rates will be a way to defend themselves against a sell off in case we need cheap money again. The Blue Box in the $SPX together with the $ZN#F Blue Box from the cycle since 2012 high will create a concern that any technical trader can see. We did a blog back in 2017 forecasting both to reach into a Blue Box and a possible large correction across the Market by 2020.
The blog we did in 2017 explained the relationship between the instruments and how it can affect the World Indices and the market in general. We always believe the market is purely technical and reaching these big areas are a HUGE warning. We also believe market makers trade by looking into these areas. Our daily forecasts prove it everyday. The $SPX and $ZN_F (10 Years) are important parts of the market of course. We think the FED is raising rates too fast because of this. However, we will side with President Trump because we believe Market sequence still favours more upside in Stock Markets regardless of what FED does.
Secondly, we look at a series of instruments from around the world. We see how the YEN has been strong since 2015. The Yen is soon expected to see a huge important low. There is not much of a way to see that the downside will win. Indices will have no other way than to extend higher and follow the sequences of the $UKX-FTSE in the Grand Super cycle and extend. The market needs to be seen as a whole in reality. As humans we have instincts. In this case President Trump does not have either the fundamental or technical knowledge that the FED has. However his instincts are right.
Here is the $SPX Grand Super cycle Blue Box that is showing an ABC from all time low. It will need to extend because YEN strength soon can be over and $FTSE Grand Super cycle sequences is also favouring the extension higher.
$SPX Grand Super Cycle

Here is the $AUDJPY bearish Weekly cycle that soon price will reach. A Blue Box in 2 degrees which will create a lot of Yen weakness and consequently higher Indices. It is a downward channel and a double three correction.
$AUDJPY Bearish Weekly Cycle since 2013 peak

Here is the $UKX-FTSE Grand Super cycle sequences that supports the Indices higher which means President Trump will end up winning regardless of what policy FED adopts as that’s what this Grand Super cycle bullish sequence in $UKX-FTSE is suggesting.
$UKX-FTSE Grand Super Cycle Favours Trump and not the FED

$ZN_F (10 years) have reached the extreme Blue Box since the peak in 2012

In conclusion. When we look at everything, we believe the indices will be involved in much volatility. This should last for the next few months. At the end another cycle like 2009 will happen and President Trump will be end up being right at the end regardless of what FED does.