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Technical Analysis
Elliott Wave Analysis by EWF
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[QUOTE="Elliottwave-Forecast, post: 198208, member: 40858"] Volkswagen AG is a German multinational automotive manufacturing corporation. It designs, manufactures, and distributes passenger and commercial vehicles, motorcycles, engines, and turbomachinery. Today, it is the largest automaker in the world in terms of sales. Founded in 1937 and headquartered in Wolfsburg, Germany, the company is largely owned by Porsche and Piëch family. Volkswagen is a part of DAX30 and Eurostoxx 50 indices. One can trade it under the tickers $VOW3 and $VOW at XETRA. [HEADING=3]Volkswagen Monthly Elliott Wave Analysis 08.08.2021[/HEADING] The monthly chart below shows the Volkswagen stock $VOW3 traded at XETRA. From all-time lows, the stock price has developed an Elliott wave motive wave pattern. The cycle up in black wave ((I)) being of grand super cycle degree has ended by printing its top at all-time highs on March 2015 at 262.45. Within the grand super cycle ((I)), the blue waves (I), (III) and (V) of super cycle degree are impulsive waves. Moreover, wave (III) shows an extension. Between wave (V) and wave (III), one can see a divergence in RSI. All these characteristics supported the maturity of the grand super cycle in wave ((I)). After 5 waves up, according to Elliott wave principle, the price needs to retrace in 3 waves lower. Only then another advance higher can start. Indeed, a correction lower in black wave ((II)) has developped a zigzag pattern. It has ended on March 2020 at 79.38. From there, a new cycle in black wave ((III)) has started and should break above 262.45 high. The target will be 342.17-504.45 area and possibly higher. [URL='https://elliottwave-forecast.com/wp-content/uploads/2021/08/VOW-Monthly.jpg'][IMG alt="Volkswagen Elliott Wave Monthly"]https://elliottwave-forecast.com/wp-content/uploads/2021/08/VOW-Monthly-300x147.jpg[/IMG][/URL] [HEADING=3]Volkswagen Daily Elliott Wave Analysis 08.08.2021[/HEADING] The daily chart below shows in more detail the advance higher in blue wave (I) of black wave ((III)). First, red wave I of blue wave (I) has developed a leading diagonal pattern ended in June 2020 at 155.54. From there, a pullback in wave II has found a bottom at 122.96. Then, wave III has reached 252.20 in March 2021. A pullback, hereafter, in red wave IV saw a low at 198.18 in July 2021. While above there, expect more upside within wave V. Medium-term, Volkswagen can reach 265.02-285.77 area. Then a larger pullback in wave (II) should retrace a part of the advance in wave (I) before acceleration in wave (III) of ((III)) should take place. Long-term Investors should not chase the BMW stock at current prices. Since the world indices might be ending their cycles from March 2020 in the second half of 2021, it is reasonable to wait for a pullback in the Volkswagen stock as well. Investors and traders can be looking to buy $VOW3 in a pullback against 79.38 lows in 3, 7 or 11 swings targeting 342.17-504.45 area in a long run. [URL='https://elliottwave-forecast.com/wp-content/uploads/2021/08/VOW-Daily.jpg'][IMG alt="Volkswagen Elliott Wave Daily"]https://elliottwave-forecast.com/wp-content/uploads/2021/08/VOW-Daily-300x147.jpg[/IMG][/URL] Source: [URL]https://elliottwave-forecast.com/stock-market/buy-largest-automaker-volkswagen/[/URL] [automerge]1628521103[/automerge] In this technical blog, we will look at the past performance of 1 hour Elliott Wave Charts of Facebook, which we presented to members at the elliottwave-forecast. In which, the rally from 07 July 2021 low unfolded as an impulse structure. And showed a bullish sequence from January lows 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: [HEADING=3]Facebook 1 Hour Elliott Wave Chart[/HEADING] [URL='https://elliottwave-forecast.com/wp-content/uploads/2021/08/FB-1H20210731062509.jpg'][IMG alt="Facebook Starts Reacting Higher From Blue Box Area"]https://elliottwave-forecast.com/wp-content/uploads/2021/08/FB-1H20210731062509-1024x512.jpg[/IMG][/URL] Here's 1hr Elliott wave chart from 7/31/2021 weekend update. In which, the rally from 7/20/2021 low ($334.50) unfolded in 5 wave impulse sequence & completed wave (1) at $377.55 high. Down from there, the stock made a pullback in wave (2). The internals of that pullback unfolded as Elliott wave double three structure where wave W ended at $354 low. Wave X ended at $373.28 high and wave Y was expected to reach $349.80- $335.17 blue box area. From there, buyers were expected to appear looking for the next leg higher or for a 3 wave bounce at least. [HEADING=3]Facebook Latest 1 Hour Elliott Wave Chart[/HEADING] [URL='https://elliottwave-forecast.com/wp-content/uploads/2021/08/FB-1H20210808101828.jpg'][IMG alt="Facebook Starts Reacting Higher From Blue Box Area"]https://elliottwave-forecast.com/wp-content/uploads/2021/08/FB-1H20210808101828-1024x512.jpg[/IMG][/URL] Here's the Latest 1hr Elliott wave chart from the weekend update. In which the stock is showing a reaction higher from the blue box area. Right after ending the double three correction within the blue box area. Allowed members to create a risk-free position shortly after taking the long positions at the blue box area. However, a break above $377.55 high is still needed to confirm the next extension higher & avoid double correction lower. Source: [URL]https://elliottwave-forecast.com/stock-market/facebook-starts-reacting-higher-blue-box/[/URL] [automerge]1628521145[/automerge] Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of NIFTY , published in members area of the website. As our members know, we’ve been calling rally in the Index due to impulsive bullish sequences. We recommended members to avoid selling in any proposed pull back and keep buying the dips in 3,7,11 swings. Recently NIFTY made pull back that has unfolded as Elliott Wave ZigZag pattern . In the further text we are going to explain the Elliott Wave Pattern and trading strategy. Before we take a look at the real market example, let’s explain Elliott Wave Zigzag. [B]Elliott Wave Zigzag[/B] 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. [URL='https://elliottwave-forecast.com/wp-content/uploads/2021/08/ZIGZAG-Vlada.jpg'][IMG alt="NIFTY"]https://elliottwave-forecast.com/wp-content/uploads/2021/08/ZIGZAG-Vlada.jpg[/IMG][/URL] [HEADING=3]NIFTY Elliott Wave 1 Hour Chart 7.28.2021[/HEADING] At the chart below we can see what Elliott Wave ZigZag looks like in real market. Wave 4 red correction reached equal legs at 15514.48 (buyers zone). First leg of the 4 red pull back - ((a)) black, has subdivision in 5 waves. Then we got 3 waves bounce -((b)) black, after which we got 5 waves down in ((c)). As the main trend is bullish we favor the long side from the blue box. At this moment bounce has already reached 50 Fibs against the ((b)) black high. So any long positions from the blue box should be risk free. As far as the price stays above 15513.8 next leg up should be ideally in progress, however we would like to see break above 3 red peak to confirm. [I]You can learn more about Elliott Wave ZigZag Patterns at our [B]Free Elliott Wave Educational Web Page[/B].[/I] [URL='https://elliottwave-forecast.com/wp-content/uploads/2021/08/Nifty-28-July-1-Hour-London.jpg'][IMG alt="NIFTY"]https://elliottwave-forecast.com/wp-content/uploads/2021/08/Nifty-28-July-1-Hour-London.jpg[/IMG][/URL] [HEADING=3]NIFTY Elliott Wave 1 Hour Chart 8.4.2021[/HEADING] 15513.8 low held nicely and we got further extension when the price broke above previous 3 red peak. Index is now bullish against the 15513.8 low and expected to keep finding buyers in pull backs in 3,7,11 swings. We don't recommend selling it and keep favoring the long side.Keep in mind that market is dynamic and presented view could have changed in the mean time. Not every chart is trading recommendation. 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 [B]Live Trading Room[/B]. [URL='https://elliottwave-forecast.com/wp-content/uploads/2021/08/Nifty-Asia-4-August.jpg'][IMG alt="Nifty"]https://elliottwave-forecast.com/wp-content/uploads/2021/08/Nifty-Asia-4-August.jpg[/IMG][/URL] [B]Elliott Wave Forecast[/B] Source: [URL]https://elliottwave-forecast.com/elliottwave/nifty-buyers-elliott-wave-zigzag/[/URL] [/QUOTE]
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