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: 198850, member: 40858"] $FXE Long Term Bullish Cycles & Elliott Wave 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/2021/08/FXE_M-2021-08-31.png'][IMG]https://elliottwave-forecast.com/wp-content/uploads/2021/08/FXE_M-2021-08-31-1024x506.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. Source: [URL]https://elliottwave-forecast.com/stock-market/fxe-long-term-bullish-cycles-elliott-wave/[/URL] [automerge]1630507324[/automerge] In this technical blog, we will look at the past performance of 1 hour Elliott Wave Charts of Nike ticker symbol: $NKE. In which, the rally from 25 March 2021 low is unfolding as an impulse structure. And showing an incomplete structure to the upside favoring more 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]Nike 1 Hour Elliott Wave Chart[/HEADING] [URL='https://elliottwave-forecast.com/wp-content/uploads/2021/08/NKE-1H20210815082533.jpg'][IMG alt="Nike Forecasting The Elliott Wave Zigzag Pullback"]https://elliottwave-forecast.com/wp-content/uploads/2021/08/NKE-1H20210815082533-1024x512.jpg[/IMG][/URL] Here's the 1hr Elliott wave chart from the 8/15/2021 Weekend update. In which, the cycle from 20 April 2021 low ended wave (3) in a 5 wave structure at $174.38 high. Down from there, the stock made a pullback in wave (4) & was expected to take a form of an Elliott wave zigzag structure before it gets ready for the next extension higher. Therefore, our strategy remained to buy the dip towards the end of the correction looking for the next extension higher or for a 3 wave bounce minimum. [HEADING=3]Nike 1 Hour Elliott Wave Chart[/HEADING] [URL='https://elliottwave-forecast.com/wp-content/uploads/2021/08/NKE-1H20210824081550.jpg'][IMG alt="Nike Forecasting The Elliott Wave Zigzag Pullback"]https://elliottwave-forecast.com/wp-content/uploads/2021/08/NKE-1H20210824081550-1024x512.jpg[/IMG][/URL] Above is the 1hr Elliott Wave Chart from the 8/24/2021 Pre-Market update. In which the stock failed lower in wave (4) pullback & managed to reach the blue box area. While the internals of the pullback unfolded as Elliott wave zigzag structure where wave A ended at $168.78 low. Wave B bounce ended at $172.40 high and wave C ended at $164.34 after reaching the blue box area. Thus offered members a short-term buying opportunity. Up from there, the stock already made a bounce higher & reached the 50% Fibonacci retracement of the decline from the peak at $169.35 level. Allowed longs to get into a risk-free position. However, a break above $174.38 high remains to be seen to confirm the next extension higher & avoid double correction lower. Source: [URL]https://elliottwave-forecast.com/stock-market/nike-forecasting-zigzag-pullback/[/URL] [automerge]1630507364[/automerge] Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of Soybeans Futures ( $ZS_F ) published in members area of the Elliottwave-Forecast . As our members know, Soybeans Futures is showing lower low sequences in the cycle from the May peak. Recently we got recovery that has unfolded as Elliott Wave Double Three pattern that has given us opportunity to enter short trades. In further text we’re going to explain the forecast and Elliott Wave Pattern and trading strategy. Before we take a look at the real market example, let’s explain Elliott Wave Double Three pattern. [HEADING=3]Elliott Wave Double Three Pattern[/HEADING] Double three is the common pattern in the market , also known as 7 swing structure. It’s a reliable pattern which is giving us good trading entries with clearly defined invalidation levels. The picture below presents what Elliott Wave Double Three pattern looks like. It has (W),(X),(Y) labeling and 3,3,3 inner structure, which means all of these 3 legs are corrective sequences. Each (W) and (Y) are made of 3 swings , they’re having A,B,C structure in lower degree, or alternatively they can have W,X,Y labeling. [URL='https://elliottwave-forecast.com/wp-content/uploads/2021/07/Elliott-Wave-Double-Three-Pattern-rising.jpg'][IMG alt="Nikkei"]https://elliottwave-forecast.com/wp-content/uploads/2021/07/Elliott-Wave-Double-Three-Pattern-rising.jpg[/IMG][/URL]Now, let's take a look what Elliott Wave Double Three Pattern looks like in the real market. [HEADING=3]Soybeans Futures ( $ZS_F ) 1 Hour Elliott Wave Analysis 8.13.2021[/HEADING] Soybeans is giving us X red recovery that is unfolding as Elliott Wave Double Three Pattern. It's having ((w))((x)) ((y)) inner labeling. The main characteristic of Double Three is that all 3 legs has corrective sequences. First leg Wave ((w)) has Zig Zag Formation -535 structure. Then we got 3 waves pull back in ((x)) connector, when now doing last leg up ((y)) which is also unfolding as Zig Zag Pattern. Recovery looks incomplete at the moment, suggesting another leg up. The Commodity is looking for 1381'7-1414'5 area, to complete Double Three . Although expecting more upside in near term, we recommend members to avoid buying and sell the commodity at marked blue box area. We like to be sellers at the blue box zone. Invalidation level for the trade is break above 1.618 fib extension (1381'7). [I]You can learn more about Elliott WaveDouble Three and Zig Zag Patterns at our [B]Free Elliott Wave Educational Web Page[/B].[/I] [URL='https://elliottwave-forecast.com/wp-content/uploads/2021/08/ZS_F-13-August-1-Hour-Midday.jpg'][IMG alt="Soybeans"]https://elliottwave-forecast.com/wp-content/uploads/2021/08/ZS_F-13-August-1-Hour-Midday.jpg[/IMG][/URL] [HEADING=3]Soybeans Futures ( $ZS_F ) 1 Hour Elliott Wave Analysis 8.20.2021[/HEADING] Sellers appeared at the blue box and we got good reaction from there. The decline from the blue box reached 50 fibs against the ((x)) connector, as a result short positions from the blue box are Risk Free and partial profit are taken. At the moment we see recovery completed at 1386'7, however if mentioned pivot gives up we could see larger recovery. Now we are about to complete short term cycle from the 1386'7 peak, expecting to see bounce again. Anyway, as far as the price stays below 1386'7, short positions remain active. As our members know, Blue Boxes are no enemy areas , giving us 85% chance to get a reaction. 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 [B]Live Trading Room[/B]. [URL='https://elliottwave-forecast.com/wp-content/uploads/2021/08/2ZS-F-6020210820153230.jpg'][IMG alt="soybeans"]https://elliottwave-forecast.com/wp-content/uploads/2021/08/2ZS-F-6020210820153230.jpg[/IMG][/URL] [B]Elliott Wave Forecast[/B] Source: [URL]https://elliottwave-forecast.com/elliottwave/soybeans-elliott-wave-double-three/[/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…