Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Technical Analysis
Elliott Wave Analysis by EWF
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="Elliottwave-Forecast, post: 195980, member: 40858"] $FXE Elliott Wave & Long Term Cycles Firstly as seen on the monthly chart shown below the instrument made a high in April 2008. There is data back to December 2005 in the ETF fund. Data correlated in the EURUSD foreign exchange pair suggests the high in April 2008 was the end of a cycle up from the all time lows. EURUSD data shows the pair had a five wave up move from the early 1970’s era. This data is derived from the German Mark currency against the US Dollar that preceded the inception of the Euro currency. As you can see the FXE instrument reflects the price swings of the single currency well. As previously mentioned the instrument made a high in April 2008. This where the analysis begins on the monthly chart shown below. The correction from those highs appears to be a an Elliott Wave zig zag structure correction. The analysis continues below the monthly chart. [URL='https://elliottwave-forecast.com/wp-content/uploads/2021/06/fxe-m-6-1-21.png'][IMG]https://elliottwave-forecast.com/wp-content/uploads/2021/06/fxe-m-6-1-21-1024x491.png[/IMG][/URL] Secondly as mentioned the decline from the April 2008 highs appears to be an Elliott Wave zig zag structure. This structure is also called a 5-3-5 in Elliott Wave terms. When a cycle ends against a trend it will show up in momentum indicators usually before price makes it obvious. Further these cycle lows and highs are in the blue color as shown on the chart above (a)-(b)-(c). This finished ((b)) in January 2017. Lastly and in conclusion. The instrument ended a cycle lower from the January 2018 highs in March of 2020. It can further bounce higher toward the 130.00 to 135.00 area while above the March 31st, 2021 lows. It should reach that area before it corrects the cycle up from the January 2017 lows. Source: [URL]https://elliottwave-forecast.com/stock-market/fxe-elliott-wave-long-term-cycles/[/URL] [automerge]1622559184[/automerge] In this technical blog, we will look at the past performance of 1 hour Elliott Wave Charts of XLV, which we presented to members at the elliottwave-forecast. In which, the rally from 25 March 2021 low ended 5 waves impulse rally and made a pullback. And we knew that the structure is incomplete for 1 more high at least to complete the 5 waves sequence & it should see more strength. Therefore, we advised members not to sell the ETF & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below: [HEADING=3]XLV 1 Hour Elliott Wave Chart[/HEADING] [URL='https://elliottwave-forecast.com/wp-content/uploads/2021/06/XLV-13-May-1-Hour-post-market.png'][IMG alt="XLV Made New Highs From The Elliott wave Blue Box Area"]https://elliottwave-forecast.com/wp-content/uploads/2021/06/XLV-13-May-1-Hour-post-market-1024x525.png[/IMG][/URL] Above is the 1hr Elliott wave chart of XLV from 5/13/2021 Post-Market update. In which the rally to $125.19 high ended the cycle from 3/25/2021 low in 5 waves structure within wave 3. Down from there, the stock made a pullback in wave 4. The internals of that pullback unfolded as Elliott wave zigzag structure where wave ((a)) ended at $123.03 low. Wave ((b)) bounced ended at $124.10 high. Then wave ((c)) managed to reach the $121.94- $120.61 blue box area. From where next leg higher was expected to take place looking for a new high ideally or for a 3 wave bounce at least. [HEADING=3]XLV 1 Hour Elliott Wave Chart[/HEADING] [URL='https://elliottwave-forecast.com/wp-content/uploads/2021/06/XLV-1H20210530084334.jpg'][IMG alt="XLV Made New Highs From The Elliott wave Blue Box Area"]https://elliottwave-forecast.com/wp-content/uploads/2021/06/XLV-1H20210530084334-1024x512.jpg[/IMG][/URL] Here’s the latest 1hr chart from the 5/30/2021 Weekend update. The XLV is showing a strong reaction higher taking place from the blue box area after ending the zigzag correction within wave 4 at $121.38 low. Allowed members to create a risk-free position shortly after taking the long positions at the blue box area. Source: [URL]https://elliottwave-forecast.com/stock-market/xlv-made-new-highs-blue-box-area/[/URL] [automerge]1622559244[/automerge] In the heat of the 2020 correction in March 2020, I released a blog titled "Chevron, A Bottom Is Close". The article featured a blue box area in Chevron where a bounce could take place. Lets take a look at the original chart back in March 2020: [HEADING=2][B]Chevron Elliottwave View March 2020:[/B][/HEADING] [URL='https://elliottwave-forecast.com/wp-content/uploads/2021/05/CVX-Daily-2020.png'][IMG alt="Chrevron"]https://elliottwave-forecast.com/wp-content/uploads/2021/05/CVX-Daily-2020-1024x536.png[/IMG][/URL] At the time, another swing lower was favoured to take place. However, any time an instrument enters into the blue box, it can bounce at any time. Algo's are programmed to enter at the 100% equal leg blue box, it is an area when buyers and sellers begin to fight for direction. Elliottwave is a great tool, but combined with other forms of analysis (like we do here at EWF), a more reliable system is realized. Fast forward to today. Lets take a look at what happened to Chevron once it entered into the blue box: [HEADING=2][B]Chevron Elliottwave View May 2021:[/B][/HEADING] [URL='https://elliottwave-forecast.com/wp-content/uploads/2021/05/CVX-Daily-2021.png'][IMG alt="Chevron"]https://elliottwave-forecast.com/wp-content/uploads/2021/05/CVX-Daily-2021-1024x525.png[/IMG][/URL] As mentioned, at the time in March 2020, the Elliottwave count was favouring more lows to take place. But the Algos stepped up in the blue box and produced a sharp reaction from the low. This marked the correction cycle low, and now a new cycle higher has begun. Since the March 2020 lows, the count in Chevron is showing that a new impulsive structure has started. ((1)) is favoured to have set at 103.59 on June 8/2020. After that, ((2)) is favoured set @ 65.16 on October 29/2020. From there a rather text book advance has taken place with a well defined wave sequence into the wave ((3)) peak @ 113.11. Currently a wave ((4)) correction is underway. Once ((4)) is complete, the next leg higher can take place before correcting the whole cycle from March 2020 low. Source: [URL]https://elliottwave-forecast.com/stock-market/chevron-corp-cvx-forecasting-bounce-blue-box/[/URL] [automerge]1622559273[/automerge] Fastly Inc is in the cloud computing business, and has had a major rally from the March 2020 low before peaking for a large degree correction in September 2020. Lets take a look at what the company does and see what the charts say about the future of this company. [I]“Fastly, Inc. is an American cloud computing services provider. Fastly’s edge cloud platform provides a content delivery network, Internet security services, load balancing, and video & streaming services. Fastly’s headquarters are in San Francisco, California, with additional offices in Denver, New York, Portland, London, and Tokyo. Fastly describes their network as an edge cloud platform, which is designed to help developers extend their core cloud infrastructure to the edge of the network, closer to users. The Fastly edge cloud platform includes their content delivery network, image optimization, video & streaming, cloud security, and load balancing services. Fastly’s cloud security services include distributed denial of service (DDoS) attack protection, bot mitigation, and a web application firewall. Fastly web application firewall uses the OWASP ModSecurity Core Rule Set (CRS) alongside its own ruleset.”[/I] Lets dig into the charts! [URL='https://elliottwave-forecast.com/wp-content/uploads/2021/05/FSLY-Blog-2021.png'][IMG alt="Fastly"]https://elliottwave-forecast.com/wp-content/uploads/2021/05/FSLY-Blog-2021-1024x525.png[/IMG][/URL] Long term term view from 3/16/2020 lows of 10.54. This stock is favoured to be correcting the whole cycle since the March 2020 low (all time low). Wave ((1)) is set at 46.35 on 5/22/2020 and wave ((2)) at 36.03 on 4/27/2020. After that, an extended Black ((3)) took place, which peaked on 10/13/2020 at 117.79. From there, Black ((4)) at found a low on 9/04/2020 @ 71.39. After that, one final rally took place into Black ((5)) of Red I is favoured peaked 10/13/2020 at 136.50. After the Red I peak, a sharp pullback took place for ((A)) which saw the stock price take a 50% haircut in under a month. ((B)) bounce peaked in January 2021, and now the stock is working on the final ((C)) decline. There is a blue box extreme area that the stock can bounce from. This is an area where Algo's are programmed to react to the equal leg measurement for ((A)) and ((C)). Even though prices are in the box, the sequence still has more room for further declines. A couple more lows are favoured to take place before a longer term low can materialize. In conclusion, more downside can take place, but selling short the instrument down here in the hole is not a favourable trade. Moreover, shorting at a blue box where buyers may enter for a bounce, can be extremely risky. The all time low of this stock is 10.38, prices are not able to invalidate this low in order for this count to remain intact. Source: [URL]https://elliottwave-forecast.com/stock-market/fastly-fsly-entering-blue-box/[/URL] [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…