Elliottwave-Forecast

Master Trader
Feb 17, 2017
1,380
6
64
www.elliottwave-forecast.com
Hello fellow traders. Bitcoin $BTCUSD has been giving us a lot of good trading setups recently. In this blog, we’re going to take a quick look again at the latest Elliott Wave setup of Bitcoint $BTCUSD and explain trading strategy . As our members know $BTCUSD is showing impulsive- bullish sequences. Bitcoin is bullish against the 28864.3 pivot. We’ve been calling for a rally and recommending members to keep buying the dips in 3,7,11 swings whenever chances occur .

$BTCUSD 1 Hour Elliott Wave Analysis 2.10.2021​

$BTCUSD is bullish against the 37446.7 low in first degree. Cryptocurrency is giving us pull back wave ((iv)) which can be ending any moment. The price has already reached blue box at : 44356.6-42368.1 ( buyers zone). From the Blue Box area area we expect rally to take us toward new all-time highs ideally. We don’t recommend selling it. Strategy is buying the dips at the proposed blue box area. The main trend is bullish so we expect to see 3 waves bounce at least from the blue box. As soon as the price hits 50Fibs against the (b) blue high we will make long position risk free.

As our members know, Blue Boxes are no enemy areas , giving us 85% chance to get a bounce. You can learn more about Elliott Wave Patterns at our Free Elliott Wave Educational Web Page.

$BTCUSD

BTCUSD 1 Hour Elliott Wave Analysis 2.11.2021​

Bitcoin is showing nice reactions from the blue box band we got break toward new highs as expected. We don’t recommend selling BTCUSD in any proposed pull back and favor the long side from the blue box. Members who took long trades are now enjoying profits in risk free positions. Our system is not hard to understand. We're always trading in the direction of the main trend. Idea is to enter at the extreme areas which we mark on the charts as blue boxes.

Keep in mind 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

$BTCUSD

Elliott Wave Forecast
Source: https://elliottwave-forecast.com/trading/another-trading-bitcoin-btcusd/
 

Elliottwave-Forecast

Master Trader
Feb 17, 2017
1,380
6
64
www.elliottwave-forecast.com
Since the crash of March 2020, all stocks have tried to recover what they lost and P&G was no exception. P&G did not only recover the lost, but It also reached historic highs Now, we are going to try to build an impulse from wave II when it is completed with a target around to $167.14 – $173.32.

P&G Daily Chart​

P&G Daily Chart

As we see in the daily chart, P&G built an impulse ((1)), ((2)), ((3)), ((4)), and ((5)) that we call I in red and it ended at 146.92. Since November, the stock has dropped only. We see 3 swings down (A), (B), and (C) as wave ((W)) and then a wave ((X)) as a corrective structure. We are looking for 3 more swings down to complete wave ((Y)) and II as a double correction in $114.52 – $128.68 area, it could be lower, but for now is the ideal one. From here, we expect to continue the rally to a new high in an impulse structure. (If you want to learn more about Elliott Wave Theory, please follow this link: Elliott Wave Theory).

P&G 30 Minutes Chart​

P&G 30 Minutes Chart

In the 30 minutes chart, we are ending a triple correction as wave (A). We are in the last 3 waves of Z where wave ((a)) finished at 127.42 and we did a triangle as wave ((b)) at 129.96. Now, we are looking a little lower to complete the cycle in 123.90 – 125.37 area. After that we should rally at least to 133.50 dollars as wave (B).

Source: https://elliottwave-forecast.com/stock-market/building-impulse-pg/
 

Elliottwave-Forecast

Master Trader
Feb 17, 2017
1,380
6
64
www.elliottwave-forecast.com
Since the crash of March 2020, all stocks have tried to recover what they lost and Disney was no exception. Disney did not only recover the lost, but It also reached historic highs. Now, we are going to try to build an impulse from the March 2020 lows with a target around $230. Target measured from 0 to 2019’s high projected from March’s low, equal legs.

Disney Daily Chart

Disney Daily Chart 1

As we see in the daily chart, the waves ((1)) and ((2)) of the impulse have completed and currently we are building the wave ((3)). We believe that wave (3) of ((3)) is still developing and we need one more high to complete an impulse 1, 2, 3, 4, 5 in red. We expect that the wave 5 in red reaches 190.88, ideally, to end the structure of wave (3) of ((3)).

Disney Daily Chart 2

Last week we expected to continue higher as an impulse to complete the structure of the wave (3). On Monday the market broke to a new historical high and reached the first target at 190.88 after hours and continued higher to peak at 198.77. The target gave us a return of +18.58% from 160.97. We believe that 198.77 is the end of the wave (3) of ((3)) and wave (4) of ((3)) began to build. The area to watch to complete this wave (4) is between 179.42 – 167.60 where we must continue the rally to find out a new historical high and complete the wave (5) of ((3)).

Disney 30 minutes Chart

Disney 30 min Chart 1

In this chart, we expected a slightly high to complete an extended wave (v) and also wave ((iii)), but the market continues higher and extended even more until 191.54 where wave ((iii)) finished. (If you want to learn more about Elliott Wave Theory, please follow this link: Elliott Wave Theory).

Disney 30 min Chart 2 Then we corrected as a flat structure (a), (b), and (c) to end wave ((iv)) of 5, and finally rally to 198.77 to complete wave 5 of (3) and wave (3). From here, Disney began to drop and it should develop the wave (4). We already have seen 3 swings down and we expect get down a little more to complete ((w)). Then a corrective rally in other 3 swings to build ((x)) to continue the drop in the next week.

Source: https://elliottwave-forecast.com/stock-market/disney-hit-target-18-58-return/
 

Elliottwave-Forecast

Master Trader
Feb 17, 2017
1,380
6
64
www.elliottwave-forecast.com
$CPER Copper Index Tracker Long Term Cycles

Firstly the CPER Copper Index Tracking instrument has an inception date of 11/15/2011. There is data in the HG_F copper futures before this going back many years. That shows copper made an all time high on February 15th, 2011 at 4.649. Translated into this instrument, it is mentioned on the monthly chart. The decline from there into the January 2016 lows appeared to have been a double three in the commodity HG_F. Thus I will work with that idea in this CPER instrument.

The analysis continues below the CPER monthly chart.



Secondly the CPER Copper Index Tracking instrument from the all time highs made what is favored to be a double three correction lower. This ended at the 12.97 lows in January 2016. From the January 2016 lows up into the December 2017 highs appeared to be another double three structure. The bounce was strong enough on momentum indicators to suggest it had ended the cycle lower from the all time highs.

Thirdly, the CPER Copper Index Tracking instrument decline from the December 2017 highs is very ambiguous. This means it is open to more than one interpretation as is most any chart by an Elliott wave analyst. The key points here are as follows. From the 12.87 low from March 20th 2020 created a bearish sequence by taking out the lows from January 2016. This means it could have been a 5th swing lower from the all time highs. The bounce from there in our trend system looks strong and impulsive as well as again suggesting it ended the cycle lower from the all time highs.

In conclusion: Copper has not made another low under the January 2016 lows as did CPER. Each have went well past the December 2017 highs. The price action has denied the usual 7th swing lower in CPER. This instrument should hold well above the March 2020 lows when it corrects the cycle up from there.

Source: https://elliottwave-forecast.com/stock-market/cper-copper-index-tracker-long-term-cycles/
 

Elliottwave-Forecast

Master Trader
Feb 17, 2017
1,380
6
64
www.elliottwave-forecast.com
Sensex Index Long Term Bullish Cycles & Elliott Wave

The Sensex Index has been trending higher with other world indices. Firstly in it’s base year 1978 to 1979 the index’s point value was set at 100. From there it rallied with other world indices trending higher into the January 2008 highs. It then corrected the bullish cycle as did most other world indices. Furthermore it ended that larger degree correction in October 2008. From those 2008 lows, the index shows a bullish sequence that favors further upside.

Secondly there was a less bullish alternative Elliott Wave count that had a target extension at 46844. This is where a larger black ((I)) could have ended. However price has since went way past there invalidating the thought putting it more in line with other world indices. In this case the Fibonacci extension is measured is as follows. Take a Fibonacci extension tool on a charting platform. Point 1 will be at zero a hypothetical beginning. Point 2 is at the January 2008 cycle high. From there on up to the March 2020 lows will be the point 3. This gives a Fibonacci extension area fifth wave target where the fifth wave would be equal to the wave one where a larger ((I)) could have ended.

As price exceeded the area suggested in that view the momentum indicators also began suggesting this is a huge bullish nested series of wave one's and two's. The preferred analysis continues below the chart.

Sensex Index Monthly Chart



In conclusion the currently favored view in the Sensex index is as shown. It’s showing a nested Elliott Wave bullish cycle. It is in a larger wave ((III)) higher. From the 2008 lows there is a clear five waves up into the January 2020 highs as subdivided on the chart. The pullback in wave (II) into the March 2020 lows was very fast in time however while price is above the March 2020 lows during a pullback the index should trade higher.

Source: https://elliottwave-forecast.com/stock-market/sensex-index-long-term-bullish-cycles-elliott-wave/
 

Elliottwave-Forecast

Master Trader
Feb 17, 2017
1,380
6
64
www.elliottwave-forecast.com
The Japanese Yen is weak against all other most-traded currencies, demonstrating market sentiment favoring riskier currencies. Japanese Yen is traditionally considered as safe haven currencies, and it tends to appreciate when there's risk aversion in market. The positive outlook for vaccine rollouts and fiscal stimulus in various countries, especially the United States, contribute to this risk appetite rally.

Japan's recently better-than-expected economic data further added to the market's optimism. Japan's latest GDP expanded by 3% in the fourth quarter. This is better than the median estimate of 2.4% by analysts. Annual GDP rose by 12.7%, which is a far bigger increase than the 9.5% expectation by economists. Below we will take a look at the technical picture of EURJPY

EURJPY Weekly Chart​



Weekly chart above shows a higher high (bullish sequence) since May 2020 low. A 100% - 161.8% Fibonacci extension in (A)-(B)-(C) can see pair continue to extend higher towards 134.3 - 142.1. We can also see that pair manages to break above long term bearish trend line from 2014 peak, bolstering the view that pair can see more upside. In addition, there's a horizontal support/resistance line around 127.3. A close above the level on weekly basis could suggest continuation higher with limited downside to around 126 - 127 if there's a pullback.

In Live Trading Room, we managed to buy the pullback at 125.2 when pair retested the broken trend line from 2014 high in 3 waves ((a))-((b))-((c)) as chart below from January 18 shows:

Euro Yen Elliott Wave chart

A month later, we are now at 128 as 4 hour chart below shows and we remain long EURJPY with a risk free position



Source: https://elliottwave-forecast.com/forex/risk-appetite-bolster-yen-pairs/
 

Elliottwave-Forecast

Master Trader
Feb 17, 2017
1,380
6
64
www.elliottwave-forecast.com
Short term Elliott Wave view on DAX suggests that the decline to 13309.4 ended wave ((4)). The Index has resumed higher in wave ((5)) with internal subdivision as a 5 waves impulse Elliott Wave structure. Up from wave ((4)) low, wave ((i)) ended at 13698.54 and wave ((ii)) pullback ended at 13403.74. Index then resumed higher again in wave ((iii)) towards 14114.44, pullback in wave ((iv)) ended at 14013.13, and final leg higher wave ((v)) ended at 14169.49. This completed wave 1 in higher degree.

Index then pullback in wave 2 and the internal subdivision is unfolding as a double three Elliott Wave structure. Down from wave 1, wave (a) ended at 13962.14, wave (b) ended at 14063.12, nd wave (c) ended at 13830.12. This completed wave ((w)) in higher degree. Bounce in wave ((x)) ended at 14131.21. Index has scope to extend lower in wave ((y)) as zigzag towards 13579 - 13791 blue box area where wave ((y)) = 100% - 161.8% Fibonacci extension of wave ((w)). This should complete wave 2 pullback and from this area, Index can either resume to new high or bounce in 3 waves at least.

DAX 1 Hour Elliott Wave Chart​

DAX Elliott Wave chart

Source: https://elliottwave-forecast.com/news/elliott-wave-view-pullback-dax-find-buyers/

 

Elliottwave-Forecast

Master Trader
Feb 17, 2017
1,380
6
64
www.elliottwave-forecast.com
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of Hang Seng ( $HSI-HKG), published in members area of the website. As our members know, the index is showing impulsive bullish sequences. We've been calling rally in Hang Seng , recommending members to avoid selling in any proposed pull back and keep buying the dips in 3,7,11 swings. Recently Hang Seng made pull back that has unfolded as Elliott Wave Zig Zag pattern . In the further text we are going to explain the Elliott Wave Pattern and Forecast

Before we take a look at the real market example, let’s explain Elliott Wave Zigzag.

Elliott Wave Zigzag is the most popular corrective pattern in Elliott Wave theory . It’s made of 3 swings which have 5-3-5 inner structure. Inner swings are labeled as A,B,C where A =5 waves, B=3 waves and C=5 waves. That means A and C can be either impulsive waves or diagonals. (Leading Diagonal in case of wave A or Ending in case of wave C) . Waves A and C must meet all conditions of being 5 wave structure, such as: having RSI divergency between wave subdivisions, ideal Fibonacci extensions and ideal retracements.

Hang Seng

Hang Seng Elliott Wave 1 Hour Chart 1.31.2021​

Hang Seng remains bullish against the 26004.5 low in first degree. Short term pull back is unfolding as Elliott Wave Zig Zag pattern with inner labeling: ((A))((B))((C)) black. We can see that waves ((A)) and ((C)) shows impulsive 5 waves structures which is characteristic of Zig Zag Patterns. Pull back has already reached its equal legs zone at 28666.9-28075.9 area and we can see turn any moment . We favor the long side from the mentioned zone. As the main trend is bullish we expect buyers to appear for 3 waves bounce at least. As our members know, Blue Boxes are no enemy areas , giving us 85% chance to get a bounce.

You can learn more about Elliott Wave Double Three Patterns at our Free Elliott Wave Educational Web Page.

Hang Seng

Hang Seng Elliott Wave 1 Hour Chart 2.02.2021​

The index found buyers at 28666.9-28075.9 buyers zone- the Blue Box area. We got nice reaction from there so far. Pull back ended is counted completed at 2876.5 low as Elliott Wave Zig Zag Pattern. As far as the price stays above that level, we expect to see further. However we would like to see further break above ((5)) peak to confirm next leg up is in progress.

Hang Seng

Hang Seng Elliott Wave 1 Hour Chart 2.02.2021​

Eventually we got rally toward new highs. The index is now bullish against the 28259 pivot. We expect it to keep finding buyers in 3,7,11 swings ideally.
Keep in mind that 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. You can check most recent charts in the membership area of the site.

Hang Seng

Elliott Wave Forecast
Source: https://elliottwave-forecast.com/elliottwave/hang-seng-hsi-hkg-buying-dips-elliott-wave-zig-zag/
 

Elliottwave-Forecast

Master Trader
Feb 17, 2017
1,380
6
64
www.elliottwave-forecast.com
In this technical blog, we will look at the past performance of 1 hour Elliott Wave Charts of the EuroStoxx index, which we presented to members at elliottwave-forecast. In which, the rally from March 30 October 2020 low unfolded as an impulse structure. And showed a higher high sequence favored more upside extension to take place. Therefore, we advised members not to sell the index & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below:

EuroStoxx 1 Hour Elliott Wave Chart​

EuroStoxx Buying The Dip After Double Correction Lower

Above is the 1 hr updated chart from the 1/28/2021 Asia update. In which, the rally to 3657.83 high ended the cycle from 10/30/2020 low. Below from there, the index made a pullback to correct that cycle, while the internals of that pullback unfolded as Elliott wave double three structure. Whereas wave ((a)) ended at 3573.60, wave ((b)) bounce ended at 3649.73. Wave ((c)) ended at 3540.25 low thus completed wave W lower as a flat structure. Up from there, the wave X bounce ended at 3607.42 high. Then wave Y was expected to reach the 3488.81- 3415.55 100%-161.8% Fibonacci extension area of W-X. From where buyers were expected to appear looking for further upside.

EuroStoxx 1 Hour Elliott Wave Chart​

EuroStoxx Buying The Dip After Double Correction Lower

Here's 1hr Elliott wave Chart of EuroStoxx from 2/12/2021 NY Midday update. The index is showing a reaction higher taking place from the blue box area after ending the double correction at 3474.85 low. And breaking to new highs as expected. Allowed members to create a risk-free position shortly after taking the long positions at blue box area.

Source: https://elliottwave-forecast.com/stock-market/eurostoxx-buying-dip-double-correction-lower/
 

Elliottwave-Forecast

Master Trader
Feb 17, 2017
1,380
6
64
www.elliottwave-forecast.com
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of Hang Seng ( $HSI-HKG), published in members area of the website. As our members know, the index is showing impulsive bullish sequences. We've been calling rally in Hang Seng , recommending members to avoid selling in any proposed pull back and keep buying the dips in 3,7,11 swings. Recently Hang Seng made pull back that has unfolded as Elliott Wave Zig Zag pattern . In the further text we are going to explain the Elliott Wave Pattern and Forecast

Before we take a look at the real market example, let’s explain Elliott Wave Zigzag.

Elliott Wave Zigzag is the most popular corrective pattern in Elliott Wave theory . It’s made of 3 swings which have 5-3-5 inner structure. Inner swings are labeled as A,B,C where A =5 waves, B=3 waves and C=5 waves. That means A and C can be either impulsive waves or diagonals. (Leading Diagonal in case of wave A or Ending in case of wave C) . Waves A and C must meet all conditions of being 5 wave structure, such as: having RSI divergency between wave subdivisions, ideal Fibonacci extensions and ideal retracements.

Hang Seng

Hang Seng Elliott Wave 1 Hour Chart 1.31.2021​

Hang Seng remains bullish against the 26004.5 low in first degree. Short term pull back is unfolding as Elliott Wave Zig Zag pattern with inner labeling: ((A))((B))((C)) black. We can see that waves ((A)) and ((C)) shows impulsive 5 waves structures which is characteristic of Zig Zag Patterns. Pull back has already reached its equal legs zone at 28666.9-28075.9 area and we can see turn any moment . We favor the long side from the mentioned zone. As the main trend is bullish we expect buyers to appear for 3 waves bounce at least. As our members know, Blue Boxes are no enemy areas , giving us 85% chance to get a bounce.

You can learn more about Elliott Wave Double Three Patterns at our Free Elliott Wave Educational Web Page.

Hang Seng

Hang Seng Elliott Wave 1 Hour Chart 2.02.2021​

The index found buyers at 28666.9-28075.9 buyers zone- the Blue Box area. We got nice reaction from there so far. Pull back ended is counted completed at 2876.5 low as Elliott Wave Zig Zag Pattern. As far as the price stays above that level, we expect to see further. However we would like to see further break above ((5)) peak to confirm next leg up is in progress.

Hang Seng

Hang Seng Elliott Wave 1 Hour Chart 2.02.2021​

Eventually we got rally toward new highs. The index is now bullish against the 28259 pivot. We expect it to keep finding buyers in 3,7,11 swings ideally.
Keep in mind that 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. You can check most recent charts in the membership area of the site.

Hang Seng

Elliott Wave Forecast
Source: https://elliottwave-forecast.com/elliottwave/hang-seng-hsi-hkg-buying-dips-elliott-wave-zig-zag/
 

Elliottwave-Forecast

Master Trader
Feb 17, 2017
1,380
6
64
www.elliottwave-forecast.com
Since the crash of March 2020, all stocks have tried to recover what they lost and Disney was no exception. Disney did not only recover the lost, but It also reached historic highs. Now, we are going to try to build an impulse from the March 2020 lows with a target around $230. Target measured from 0 to 2019’s high projected from March’s low, equal legs.

Disney Daily Chart

Disney Daily Chart As we see in the daily chart, the waves ((1)) and ((2)) of the impulse have completed and currently we are building the wave ((3)). We hit our first target at 190.88. The target gave us a return of +18.58% from 160.97. We believe that 198.77 is the end of the wave (3) of ((3)) and wave (4) of ((3)) began to build. The area to watch to complete this wave (4) is between 179.42 – 167.60 where we must continue the rally to find out a new historical high and complete the wave (5) of ((3)).

Disney Daily Chart

Last week was a little slow by some holidays. Disney continue with the pullback as expected to look for a WXY double correction. (If you want to learn more about Elliott Wave Theory, please follow this link: Elliott Wave Theory). At the end of Friday and looking the internal structures we believe that wave W is over at 182.16 and the next week we should continue with waves X and Y because we do not reach yet the minimum price of 179.42 to complete wave (4).

Disney 30 minutes Chart

Disney 30 min Chart

From 198.77 Disney began to drop and it should develop the wave (4) and we expected to see 3 swings down to complete ((w)). Then a corrective rally in other 3 swings to build ((x)) to continue the drop to finish W in red.

Disney 30 min Chart

How we could see in the chart, Disney does not have big bounces and we adjusted wave ((x)) as flat correction. Then we see a bearish (a), (b), (c) and a bounce, concluding that wave W had ended and wave X had begun. The pullback of the wave ((b)) has been very depth and wave X could be a flat correction, so we expect a strong move higher to complete X in 188.18 – 191.60 area and then continue lower. If the market breaks the W low, the structure still could be an irregular flat for wave X and see the bounce that we are expecting. But if Disney goes more lower, the wave X in red was short ending at 187.65 and we will look to complete wave Y and (4) around of 171.00 dollars where Mickey should bounce for a new historical high.

Source: https://elliottwave-forecast.com/stock-market/disney-completed-wave-w/
 

Elliottwave-Forecast

Master Trader
Feb 17, 2017
1,380
6
64
www.elliottwave-forecast.com
On February 7/2021 I published an article calling for EURJPY to advance higher -> EURJPY : Expecting More Upside . In that article I explained why I entered the first BUY entry (green) at 126.22.

In that same article I posted a second trade setup calling for another rally higher once we see a pullback towards the support/resistance level (blue). If blue support level holds we would expect a rally to newer higher highs. Below is the chart with the second trade setup that was posted in the February 7 2021 article which explains the bullish view.

EURJPY 1 Hour Chart February 7 2021



EURJPY, forex, trading, elliottwave, @AidanFX, AidanFX

The chart below shows on February 9 2021 price makes a pullback to the blue support/resistance level as expected and was also met with a bullish divergence pattern (pink) which formed in the same support level. Both the support level and bullish divergence merging together with the 200 moving average dynamic support was all the signals I needed to enter the second BUY 126.74 entry (blue) on the break above the descending trend line with stops placed at the previous higher low 126.07 level. Only a break below 126.07 will invalidate the bullish higher high/higher low sequence.

EURJPY 1 Hour Chart February 9 2021

EURJPY, forex, trading, elliottwave, @AidanFX, AidanFX

EURJPY eventually rallies higher and on February 15 2021 price hits the 1st BUY green 1:3 RR target at 128.11 from 126.22 entry for +189 pips and also hit the 2nd BUY blue 1:2 RR target at 128.08 from 126.74 entry for +134 pips.

EURJPY 1 Hour Chart February 15 2021



Source: https://elliottwave-forecast.com/aidans-corner/eurjpy-rallied-higher-expected/
 

Elliottwave-Forecast

Master Trader
Feb 17, 2017
1,380
6
64
www.elliottwave-forecast.com
On February 12/2021 EURNZD was showing bearish market patterns that was signalling traders that there was a high probability that the pair could make a move lower. The pair has been trending and moving lower since the March 2020 peak high and we at EWF always advise our members to trade with the trend and not against it.

The charts below will clearly show the various bearish market patterns that signalled traders to get in the market and that EURNZD would continue on its bearish trend lower.

EURNZD 1 Hour Chart February 12 2021 (Pattern 1)



EURNZD, forex, trading, signals, elliottwave, market patterns, @AidanFX, AidanFX

Bearish market pattern 1 formed signalling traders that the pair would move lower from the XA 1.27% - BC 2.618% Fib. retracement levels. Only a move above the XA 1.618% would invalidate the market pattern. Targets were considered based on the XA 1.27% SELL trigger level and the XA 1.618% invalidation level.

EURNZD 1 Hour Chart February 12 2021 (Pattern 2)

EURNZD, forex, trading, signals, elliottwave, market patterns, @AidanFX, AidanFX

Bearish market pattern 2 formed signalling traders that the pair would move lower from the XA 0.886% - BC 2.618% Fib. retracement levels. Only a move above the XA 2.618% would invalidate the market pattern. Targets were considered based on the XA 0.886% SELL trigger level and the BC 2.618% invalidation level.

EURNZD 1 Hour Chart February 12 2021 (Pattern 3)

EURNZD, forex, trading, signals, elliottwave, market patterns, @AidanFX, AidanFX

Bearish market pattern 3 formed signalling traders that the pair would move lower from the break of the A to C trend line. Only a move above the point D would invalidate the market pattern. Targets were considered based on the SELL trend line break and the point D invalidation level.

EURNZD 1 Hour Chart February 12 2021 (Support/Resistance Zone & Bearish Divergence)

EURNZD, forex, trading, signals, elliottwave, market patterns, @AidanFX, AidanFX

A bearish wedge breakout pattern formed and bearish market patterns 1 (purple) & 2 (green) triggered SELLS in the support/resistance zone. Also bearish divergence formed in the same support/resistance zone signalling traders that the zone was a good selling area.

EURNZD 1 Hour Chart February 19 2021 (Pattern 4)

EURNZD, forex, trading, signals, elliottwave, market patterns, @AidanFX, AidanFX

A bearish descending triangle pattern 4 (blue) forms and price breaks below triangle signalling traders again that more sellers are getting in the market.

EURNZD eventually moves lower and hits my 1:2 RR target at 1.6610 from the 1.6810 sell entry for a +200 pip move.

Source: https://elliottwave-forecast.com/aidans-corner/eurnzd-bearish-market-patterns-signalling-move-lower/
 

Elliottwave-Forecast

Master Trader
Feb 17, 2017
1,380
6
64
www.elliottwave-forecast.com
Live Cattle is a livestock commodity within the agriculture asset class, along with lean hogs, feeder cattle and porc cutouts. Once the feeder cattle have reached the target weigh of 1050-1500 pounds, they can be referred to as fed or live cattle. One can trade Live Cattle futures at Chicago Board of Trade in contracts of 40’000 pounds each under the ticker LE #F. Without any doubt, anticipation of the LE #F price development is of a high impact on the modern society. As a matter of fact, the price action of the cattle reflects the future meat price on the plate.

Currently, we see all commodities turning higher after a long period of depressed prices. Also, live cattle is expected to be already in a new bullish cycle. Will the rally in cattle prices make it less affordable for the broad population to eat meat?

Live Cattle Monthly Elliott Wave Analysis 02.23.2021​

The monthly chart below shows the live cattle front contract LE #F. From the all-time lows, the prices have developed a cycle higher in black wave ((w)) of a grand super cycle degree. It has printed the all-time highs in November 2014 at 171.65. From the highs, a correction lower in wave ((x)) has unfolded as an Elliott Wave zigzag pattern. In five and half years, LE #F has become cheaper by more than 50% reaching 76.60 price level. It is the preferred view that an important bottom on April 2020 has been set and the black wave ((x)) has ended. From the lows, the recovery in prices may have started.

For 2021-2030, the expectations are to break out to the new all-time highs. The target for wave ((y)) to end will be 248-354 area.

Live Cattle Elliott Wave Monthly

Live Cattle Daily Elliott Wave Analysis 02.23.2021​

The daily chart below shows in more detail the advance from the April 2020 lows. From the bottom at 76.60, black waves ((1)) and ((2)) have ended. While above 102.52, wave ((3)) can extend higher. Later on, waves ((4))-((5)) should follow to end the advance higher in red wave I. Once accomplished, the pullback in wave II should find support in 3, 7, 11 swings for an extension higher in wave III.

Traders can be buying short-term pullbacks against 102.52 lows for more upside. Investors can be looking to buy a larger pullback in wave II in 3, 7 or 11 swings against 76.60 lows targeting 248-354 area in a long run.

Live Cattle Elliott Wave Daily

Source: https://elliottwave-forecast.com/commodities/meat-prices-double-live-cattle-rally/
 

Elliottwave-Forecast

Master Trader
Feb 17, 2017
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Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of GBPUSD, published in members area of the website. GBPUSD is another Forex pair that we have been trading lately. The price is showing bullish sequences in the cycle from the March 1.1412 low. Consequently, we advised members to avoid selling GBPUSD 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 Forecast and trading strategy.

GBPUSD 1 Hour Elliott Wave Analysis 2.17.2020​

Wave ((iv)) black pull back is correcting the cycle from the 1.3563 low. Pull back is unfolding as Elliott Wave Double Three Pattern (w)(x)(y). It has already reached its equal legs zone at 1.3851-1.3798 , buyers area. We favor the long side from the mentioned zone. As the main trend is bullish we expect buyers to appear for 3 waves bounce at least. Turn can happen any moment. As soon as the price reach 50 Fibonacci Retracement against the (x) blue peak, we should make long positions Risk Free ( put SL at BE).

Equal Legs – Blue Boxes are no enemy areas , giving us 85% chance to get a bounce.
You can learn more about Elliott Wave Patterns and Equal Legs Areas at our Free Elliott Wave Educational Web Page.


GBPUSD

GBPUSD 1 Hour Elliott Wave Analysis 2.18.2020​

GBPUSD pair found buyers at 1.3851-1.3798 the Blue Box area. We got nice reaction from there so far. We call wave ((iv)) pull back completed at 1.3828 low as Double Three Pattern. Current view suggest next leg up (i) of ((v)) is in progress as 5 waves structure. We would like to see further extension higher and break above ((iii)) black peak (02/16) to confirm next leg up is in progress. At this stage all the long positions from the Blue Box zone should be risk free.

GBPUSD

GBPUSD 1 Hour Elliott Wave Analysis 2.22.2020​

Eventually we got further rally. The pair ended short term cycle from the 1.3828 low as (i) blue and gave us pull back (ii). We assume short term (ii) pull back is over and expect more upside. We don’t recommend selling the pair in any proposed pull back and favor staying long from the Blue Box area within risk free positions.

Keep in mind that 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. You can check most recent charts in the membership area of the site.



Elliott Wave Forecast
Source: https://elliottwave-forecast.com/trading/gbpusd-buying-dips-blue-box-area/
 

Elliottwave-Forecast

Master Trader
Feb 17, 2017
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www.elliottwave-forecast.com
Since the crash of March 2020, all stocks have tried to recover what they lost and PG was no exception. PG did not only recover the lost, but It also reached historic highs. We are going to try to build an impulse from wave II when it is completed with a target around to $167.14 – $173.32.

PG Daily minutes Chart​

PG Daily Chart 1

As we see in the daily chart, PG built an impulse ((1)), ((2)), ((3)), ((4)), and ((5)) that we call I in red and it ended at 146.92. Since November, the stock has dropped only. We see 3 swings down (A), (B), and (C) as wave ((W)) and then a wave ((X)) as a corrective structure.

PG Daily Chart 2

We are looking for 3 more swings down to complete wave ((Y)) and II as a double correction in $114.52 – $128.68 area, it could be lower, but for now is the ideal one. Waves (A) and (B) culminated and now we are developing wave (C).

PG 30 minutes Chart​

PG 30 min Chart 1

Two weeks ago, we expected one more low to complete wave (A) and then a bounce as zig-zag correction to complete wave (B) before continue lower. (If you want to learn more about Elliott Wave Theory, please follow this link: Elliott Wave Theory).

PG 30 min Chart 2

The market did not make one swing lower and begin to range completing the wave (B) as irregular flat structure. The last days of the week, P&G continue with the downtrend and it seems is developing an impulse structure. We are in the wave 3 and we need one more low to finish it, then a pullback to build wave 4 and a last dip to complete the impulse that it should bounce in the $114.52 – $128.68 area.

Source: https://elliottwave-forecast.com/stock-market/pg-continue-lower-expected/
 

Elliottwave-Forecast

Master Trader
Feb 17, 2017
1,380
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www.elliottwave-forecast.com
The $EURGBP Longer Term Cycles & Elliott Wave

Firstly as seen on the monthly chart below there is data back to January 1975 in the pair. The EUR part being derived from the German Deutsche Mark up until the point EURUSD currency existed.

Secondly as seen on the monthly chart below I will describe how I think the pair has risen thus far & what can be seen in the future. You can see the bounce from the February 1981 lows appears to be 3 swings to the November 1995 highs. There are usually a few counts that can be valid. This move appears to be a double three. I prefer to use momentum indicators to show when a cycle ends from any point in time. Whenever a proposed wave two, B, X or wave four of any degree has been taken by the momentum indicator it is likely it has ended that cycle whether it is up or down.

The analysis continues below the monthly chart.



From the November 1995 highs the pair declined hard enough to the May 2000 lows to suggest it was correcting the cycle from the February 1981 lows. Up from the May 2000 lows it made another high in December 2008. From there it declined until July 2015 hard enough to suggest it was correcting the cycle up from the February 1981 low again. That suggests the move from the February 1981 low to the December 2008 high was of three swings. The aforementioned December 2008 to July 2015 lows move appears to have been another typical three swings.

The analysis and Elliott Wave part of this continues below the weekly chart.



Thirdly and in conclusion. From the July 2015 lows it made a relatively clean five waves impulse higher to the August 2017 highs. From there the pair traded sideways to lower until it made another 5 waves up to the August 2019 highs. That finished an expanded flat ((B)) structure. Then so much for the old rule of alternation, the decline to the December 2019 lows was five waves. This also completed a larger degree expanded flat b. The pair should be bullish in the larger degree while above there. While above there expect the pair continues higher above the December 2008 highs.

Source: https://elliottwave-forecast.com/forex/the-eurgbp-longer-term-cycles-elliott-wave/
 

Elliottwave-Forecast

Master Trader
Feb 17, 2017
1,380
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www.elliottwave-forecast.com
The $GBPCHF Long Term Cycles & Swings

Firstly as seen on the monthly chart below there is data back to the early 1970’s readily available in the pair. It obviously had a central bank intervention during the month of October 1974 where price topped out at 6.3387. Most all Elliott Wave practitioners are geared to the notion that a trend will be in 5 waves and a correction against the trend will be in 3 waves back against the trend. That is generally true especially if counting the stock market indices however it is really hard and next to impossible to find long term forex charts like this that will show a clean 5 waves.

Secondly with the aforementioned thought in mind I will describe how I think the pair has declined thus far & what can be seen in the future. You can see the decline from October 1974 highs has a line drawn down to the October 1992 lows. That can be counted in Elliott wave a couple of best ways at a minimum. As usual there are usually a few counts that can be valid. This point at the October 1992 lows appears to be a double three. I prefer to use momentum indicators to show when a cycle ends from any point in time. Whenever a proposed wave two, B, X or wave four of any degree has been taken by the momentum indicator it is likely it has ended that cycle whether it is up or down.

The analysis continues below the monthly chart.



From the October 1992 low the pair bounced hard to the April 2000 highs. This suggest it was correcting the cycle from the October 1974 high in a flat structure. The pair made another low since then in August 2011. Then in March 2020 it took out the August 2011 low.

The analysis concludes below the weekly chart.



Thirdly and in conclusion. The bounce from the August 2011 low ended at the November 2015 highs in three swings again. The pair declined from there in 3 swings again to the March 2020 lows. The bounce from there remains strong enough to suggest alternately it can correcting the cycle from the November 2015 highs. However while it remains below the 12/13/19 highs the pair can see new lows continue later.

Source: https://elliottwave-forecast.com/forex/the-gbpchf-long-term-cycles-swings/
 

Elliottwave-Forecast

Master Trader
Feb 17, 2017
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www.elliottwave-forecast.com
In this technical blog, we will look at the past performance of 1 hour Elliott Wave Charts of Exxon Mobil ticker symbol: XOM, which we presented to members at the elliottwave-forecast. In which, the rally from 01 February 2021 low unfolded as an impulse structure. And showed a higher high sequence favored more upside extension to take place. Therefore, we advised members not to sell the stock & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below:

XOM 1 Hour Elliott Wave Chart​

Exxon Mobil (XOM): Forecasting The Elliott Wave Path

Above is the 1 hour Elliott Wave Chart of XOM from the 2/18/2021 Pre-Market update. In which, the stock is showing a higher high sequence from 2/01/2021 low cycle favoring more upside. While the rally from that low unfolded as an impulse structure where wave (1) ended at a $52.36 high. Down from there, wave (2) pullback unfolded as a zigzag structure where wave A ended at $49.77 low. Wave B bounce ended at $51.19 high and wave C ended at $48.03 low. Up from there, the stock rallied in another 5 waves & completed wave 1 of (3) at $53.27 high and made a pullback in wave 2.

The internals of that pullback unfolded as a zigzag structure where wave ((a)) ended at $51.90 low. Wave ((b)) bounce ended at $53 high and wave ((c)) was expected to reach the $51.62- $50.76 100%-161.8% Fibonacci extension area of ((a))-((b)). From there, buyers were expected to appear looking for further upside.

XOM 1 Hour Elliott Wave Chart​

Exxon Mobil (XOM): Forecasting The Elliott Wave Path

Here's the 1 Hour Elliott Wave Chart of XOM 2/22/2021 Midday update. The stock is showing a strong reaction higher taking place from the blue box area after ending the zigzag correction at $51.40 low. And breaking to new highs as expected. Allowed members to create a risk-free position shortly after taking the long positions at the blue box area.

Source: https://elliottwave-forecast.com/stock-market/exxon-mobil-xom-forecasting-elliott-wave-path/
 

Elliottwave-Forecast

Master Trader
Feb 17, 2017
1,380
6
64
www.elliottwave-forecast.com
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of Ten Year Notes Futures $ZN_F , published in members area of the website. As our members know, $ZN_F has been showing incomplete bearish sequences within the cycle from the 03.09.2020 peak. Consequently we were calling for more weakness , suggesting members to avoid buying it and keep selling the rallies in 3,7,11 swings whenever get chance. In further text we’re going to explain Elliott Wave Forecast and Trading strategy.

$ZN_F Elliott Wave 1 Hour Chart 1.25.2021​

Current view suggests Ten Year Note is correcting the cycle from the 138'08 peak. Recovery is having form of Elliott Wave Double Three Pattern that should ideally complete at 137'19-138'06 area . At the Blue Box area sellers should ideally appear for decline toward new lows ideally. As the main trend is bearish we expect to see at least pull back from the marked zone. Once the price reaches 50 fibs against the (x) blue low, we should make short positions risk free. As our members know Blue Boxes are no enemy areas , giving us 85% chance to get a reaction.

You can learn more about Elliott Wave Patterns at our Free Elliott Wave Educational Web Page.

$ZN_F

$ZN_F Elliott Wave 1 Hour Chart 2.10.2021​

Ten Year Notes found sellers right at the blue box : 137'19-138'06 area. It gave us nice decline from the selling area. At the moment the price has already reached 50 fibs against the connector low. Members who sold the $ZN_F at the blue box area now enjoying profits in a risk free trades. Current view suggests the decline from the 137'2 peak ended as 5 waves and now we are getting 2 red recovery. Once proposed recovery completes we expect to see further weakness. Ten Year Notes is targeting 133'08 area, according to Daily chart. We don't recommend buying it at this stage, and favor staying in risk free short positions from the blue box area.

$ZN_F

Source: https://elliottwave-forecast.com/trading/ten-year-notes-zn_f-decline-blue-box/