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Technical Analysis
Elliott Wave Analysis by EWF
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[QUOTE="Elliottwave-Forecast, post: 200094, member: 40858"] 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. Since we begin with this analysis on February 13th, we bought the share in 160.97 then the market broke to a new historical high and reached the first target at 190.88 after hours. The target gave us a return of +18.58% in 12 days. (If you want to learn more about Elliott Wave Theory, please follow these links: Elliott Wave Education and Elliott Wave Theory). [HEADING=2]Disney Daily Chart[/HEADING] [URL='https://elliottwave-forecast.com/wp-content/uploads/2021/10/DISDaily-220211003220226.png'][IMG alt="Disney Daily Chart"]https://elliottwave-forecast.com/wp-content/uploads/2021/10/DISDaily-220211003220226.png[/IMG][/URL] We relabelled Disney impulse building a leading diagonal from March 2020 low ending at 137.34 as wave ((1)). Then a zig zag correction as wave ((2)) finishing at 117.19. Wave ((3)) is a clearly impulse ended at 183.54 and wave 4 pullback ended at 160.57. The last push to the upside to complete wave ((5)) and Wave I topped at 203.01. From there, the stock did a 3 swings down gave us the idea that we need one rally to complete the impulse, but the lagging in time from may un today is too long to think that and it is better to think that we are already in wave II correction. We could see now we need to break the low of wave (W) in blue to confirm the progress of wave (Y). Then we should continue lower to 165.79 - 152.18 area to complete wave ((W)) as (W), (X), and (Y) double correction structure. That is the first part of the correction. Then we should see a bounce in 3 swings that should fail to complete the connector ((X)) and further downside should take place. This last face should have the same structure of the first one, that is a double correction (W), (X), (Y) to complete wave ((Y)) and also wave II. Source: [URL]https://elliottwave-forecast.com/stock-market/disney-ended-cycle-double-three-play/[/URL] [automerge]1633449238[/automerge] Ammo Incorporated is an U.S. American defense company producing high-quality ammunition. The company owns STREAK (R), HyperClean and military ammunition technologies. Headquartered in Scottsdale, Arizona, USA, Ammo can be traded under the ticker $POWW at Nasdaq. [HEADING=3]Ammo Monthly Elliott Wave Analysis 10.04.2021[/HEADING] The monthly chart below shows the Ammo stock $POWW traded at Nasdaq. From the all-time lows, the stock price has developed a cycle higher in black wave ((I)) of grand super cycle degree towards the all-time highs on February 1998 at 195.31. From the highs, a correction lower in black wave ((II)) has unfolded as an Elliott wave zigzag pattern. It has printed an important bottom in September 2003 at 0.03. Within 5 years and half, the stock price went almost to zero. From the lows, a new cycle in wave ((III)) has already started and should extend towards 195.31 highs and even higher. Within wave ((III)), one can see the initial cycle in wave I. Hereby, red wave I of blue wave (I) has ended at 10.37 highs. [URL='https://elliottwave-forecast.com/wp-content/uploads/2021/09/POWW-monthly.jpg'][IMG alt="Ammo Elliott Wave Monthly"]https://elliottwave-forecast.com/wp-content/uploads/2021/09/POWW-monthly-300x147.jpg[/IMG][/URL] [HEADING=3]Ammo Daily Elliott Wave Analysis 10.04.2021[/HEADING] The daily chart below shows in more detail the last stages of the advance higher in wave I and the pullback in wave II. The wave I has ended in June 2021 at 10.37 highs. From there, a pullback in wave II is taking place and should find support in 3, 7, 11 swings above 0.03 lows. While below 7.93, investors and traders can be looking to buy $POWW from 4.18-1.86 area expecting acceleration higher. [URL='https://elliottwave-forecast.com/wp-content/uploads/2021/09/POWW-daily.jpg'][IMG alt="Ammo Elliott Wave Daily"]https://elliottwave-forecast.com/wp-content/uploads/2021/09/POWW-daily-300x147.jpg[/IMG][/URL] Source: [URL]https://elliottwave-forecast.com/stock-market/ammo-incorporated-high-potential/[/URL] [automerge]1633449269[/automerge] Unilever is a multinational consumer goods corporation. Unilever products include food, condiments, ice cream, coffee, cleaning agents, pet food, beauty products, personal care and more. Founded 1919 by the merger of the Dutch margarine producer Margarine Unie and the British soapmaker Lever Brothers, it is headquartered in London, UK. Unilever is a part of FTSE 100, AEX and Eurostoxx 50 indices. Investors can trade it under the tickers $ULVR at LSE, $UNA at Euronext Amsterdam and under $UL at NYSE. Corporation Unilever owns over 400 brands. Among them, the trademarks like Dove, Omo/Persil, Knorr, Lipton, Magnum, Rexona/Degree and others. The company products are present in 190 countries. The stock price of Unilever is in a permanent rally from the all-time lows. In the last years, one can see a sideways price action in a form of a triangle. That means, that Unilever should thrust higher towards the new all-time highs. [HEADING=3]Unilever Monthly Elliott Wave Analysis 10.04.2021[/HEADING] The monthly chart below shows the Unilever shares $UNA traded at Euronext Amsterdam. From the all-time lows, the stock price is within the larger impulse as wave ((I)). Hereby, Unilever has finished the waves (I)-(III) by printing the all-time high on September 2019 at 57.77. Within the impulsive advance in wave (III), the internals I and III are impulsive waves, too. From the September 2019 highs, a correction lower in wave (IV) shows a contracting triangle pattern being a 3-3-3-3-3 structure. It may have ended in September 2009 at 45.64. [URL='https://elliottwave-forecast.com/wp-content/uploads/2021/10/UNA-monthly.jpg'][IMG alt="Unilever Elliott Wave Monthly"]https://elliottwave-forecast.com/wp-content/uploads/2021/10/UNA-monthly-300x147.jpg[/IMG][/URL] [HEADING=3]Unilever Daily Elliott Wave Analysis 10.04.2021[/HEADING] The Daily chart below shows the $UNA shares price action in more detail. In particular, it demonstrates the contracting legs c-d-e of the triangle. Each one is either a zigzag pattern or a double three structure. From the September 2021 low, a new cycle in wave (V) might be in the first stages and should break to the new highs.. As an outlook, while above 45.64, the new cycle in blue wave (V) should bring the prices towards 62.30-69.67 area and even higher. In a larger time scale, after wave (V) of ((I)) will end, expect a larger pullback to happen. This again should provide an opportunity later on. [URL='https://elliottwave-forecast.com/wp-content/uploads/2021/10/UNA-daily.jpg'][IMG alt="Unilever Elliott Wave Daily"]https://elliottwave-forecast.com/wp-content/uploads/2021/10/UNA-daily-300x147.jpg[/IMG][/URL] Source: [URL]https://elliottwave-forecast.com/stock-market/unilever-thrust-new-high/[/URL] [automerge]1633449309[/automerge] In this technical blog we’re going to take a look at the Elliott Wave charts charts of S&P 500 Futures $ES_F published in members area of the website. As our members know $ES_F is giving us pull back ((4)), which is correcting the cycle from the 24th September low. Recently the futures found sellers after completing short term recovery as Elliott Wave Zig Zag. In further text we’re going to explain the forecast and Elliott Wave Patterns. Before we take a look at the real market example, let’s explain Elliott Wave Zigzag. [B]Elliott Wave Zigzag[/B] is the most popular corrective pattern in Elliott Wave theory . It’s made of 3 swings which have 5-3-5 inner structure. Inner swings are labeled as A,B,C where A =5 waves, B=3 waves and C=5 waves. That means A and C can be either impulsive waves or diagonals. (Leading Diagonal in case of wave A or Ending in case of wave C) . Waves A and C must meet all conditions of being 5 wave structure, such as: having RSI divergency between wave subdivisions, ideal Fibonacci extensions and ideal retracements. [HEADING=3][URL='https://elliottwave-forecast.com/wp-content/uploads/2021/10/ZIGZAG-Vlada-bullish.jpg'][IMG alt="$ES_F"]https://elliottwave-forecast.com/wp-content/uploads/2021/10/ZIGZAG-Vlada-bullish.jpg[/IMG][/URL][/HEADING] [HEADING=3]$ES_F 1 Hour Elliott Wave Analysis 9.23.2021.[/HEADING] Wave (X) blue correction can be in progress as Elliott Wave Zig Zag pattern. First leg of the (X) bounce has subdivision in 5 waves. Then we got 3 waves pull back B red . Now ideally doing 5 waves up in C red. We expect to see more short term strength in SP Futures. Approximate area where (X) blue connector can complete comes at the A-B red equal legs : 4424.3-4488.8. From that zone we expect to see another leg down. There is no incomplete bearish sequences at the moment, and we don't recommend selling. [I]You can learn more about Elliott Wave ZigZag Patterns at our [B]Free Elliott Wave Educational Web Page[/B].[/I] [URL='https://elliottwave-forecast.com/wp-content/uploads/2021/10/ES_23-Sept-Asia.jpg'][IMG alt="$ES_F"]https://elliottwave-forecast.com/wp-content/uploads/2021/10/ES_23-Sept-Asia.jpg[/IMG][/URL] [HEADING=3]$ES_F 1 Hour Elliott Wave Analysis 9.23.2021.[/HEADING] Recovery made 5 waves in C red leg as we expected. $ES_F completed Elliott Wave Zig Zag Structure at 4471.77 high. At the moment we are getting 3 waves recovery in short term X red connector. As far as the price holds pivot at 4471.77 high in place , the futures can see more weakness in (Y) blue leg. We need to see break of (W) blue low -09/20 to confirm next leg down is in progress. [URL='https://elliottwave-forecast.com/wp-content/uploads/2021/10/ES-F-6020210929175550.jpg'][IMG alt="$ES_F"]https://elliottwave-forecast.com/wp-content/uploads/2021/10/ES-F-6020210929175550.jpg[/IMG][/URL] [HEADING=3]$ES_F 1 Hour Elliott Wave Analysis 10.01.2021.[/HEADING] We got further decline after 3 waves bounce. Eventually the price has broken 09/20 low , making lower low sequences. That made $ES_F bearish against the 4472.19 high in near term, targeting 4214.8-4154.3 area. Short term recovery can be ending soon at 43338.8-4377.4 area. Keep in mind that market is dynamic and presented view could have changed in the mean time. You can check most recent charts in the membership area of the site. Best instruments to trade are those having incomplete bullish or bearish swings sequences. We put them in Sequence Report and best among them are shown in the [B]Live Trading Room[/B]. [URL='https://elliottwave-forecast.com/wp-content/uploads/2021/10/ES-10.01.jpg'][IMG alt="$ES_F"]https://elliottwave-forecast.com/wp-content/uploads/2021/10/ES-10.01.jpg[/IMG][/URL] [B]Elliott Wave Forecast[/B] Source: [URL]https://elliottwave-forecast.com/elliottwave/elliott-wave-sp-500-futures-es_f/[/URL] [/QUOTE]
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