Short Term Elliott Wave view in NZDUSD suggests that cycle from 9.30.2024 high is in progress as an impulse. Down from 9.30.2024 high, wave (1) ended at 0.5813 and wave (2) ended at 0.5929. Pair has resumed lower in wave (3) which ended at 0.5583 as the 1 hour chart below shows. Rally in wave…
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Will USDCAD Rally Higher?
Before the start of the January 13 2025 trading week we called for USDCAD to make a move lower first and terminate the wave ((ii)) which will then be followed by a rally higher. The Elliott Wave chart below advises to our members to watch for buying opportunities once the wave ((ii)) terminates with 1.4276…
USDCAD : 1:3 Risk/Reward Target Hit
January 14 2025 we called for USDCAD to make another move higher to terminate wave ((b)). In the Elliott Wave count below we advised our members that the pair would push higher first followed by another extension lower. USDCAD Asia Update January 14 2025 Based on the Elliott Wave chart above, I was only looking…
SMH Semiconductor ETF Rally Continuation Should Be Around the Corner
The VanEck Semiconductor ETF (SMH) is an exchange-traded fund that tracks a market-cap weighted index composed of 25 of the largest U.S.-listed semiconductor companies. The top holdings of SMH include companies like NVIDIA, Taiwan Semiconductor Manufacturing, Broadcom Inc., Texas Instruments, QUALCOMM, ASML Holding N.V., Applied Materials, Inc., Lam Research Corporation, Micron Technology, Inc., and Advanced Micro Devices, Inc. SMH 4 Hour Chart September 11th Last September 11th, we talked…
Apple Stock ( AAPL) Incomplete Sequences Forecasting the Path Ahead
Hello fellow traders. In this technical article we’re going to look at the Elliott Wave charts of Apple Stock ( AAPL) published in members area of the website. As probably most of the traders know, The Stock is in overall bullish trend. Recently we forecasted the pull back which has corrected the cycle from the 195.88…
Elliott Wave View: Oil (CL_F) Impulsive Rally in Progress
Short Term Elliott Wave view in Light Crude Oil (CL_F) suggests cycle from 12.6.2024 low is in progress as an impulse. Up from 12.6.2024 low, wave ((i)) ended at 71.44. Pullback in wave ((ii)) ended at 68.42 as the 1 hour chart below shows. The instrument extends higher in wave ((iii)) with subdivision of an…
USDCAD : Catching the Move Lower and Hitting 3R Target
Before the start of the January 13 2025 trading week we called for USDCAD to make a move lower and showed our members the Elliott Wave bearish scenario. The USDCAD 1 Hour Weekend wave count below signalled to our members that the pair would move lower during the trading week. USDCAD 1 Hour Weekend Update…
Gold Cycle Since September 2022 Low Calling For More Upside
More than two years back, we were calling Gold to end a Zigzag Elliott Wave correction in the blue box area and resume the rally. Zigzag is a 5-3-5 Elliott wave structure in which wave A and C are in 5 waves and wave B is in 3 waves. Blue Boxes are High-Frequency areas and are…
The Elliott Wave Analysis For Lululemon Athletica (NASDAQ: LULU) On Different Timeframes
The Elliott Wave analysis for Lululemon Athletica (NASDAQ: LULU) provides a detailed examination of its ongoing corrective structure within a larger five-wave impulsive sequence. Daily Elliott Wave Counts: On the daily chart, the stock remains in wave (4), a corrective phase within a larger impulsive trend. Wave (4) appears to follow an ABC zigzag pattern….
Elliott Wave View Looking for AUDUSD to Resume Lower
Short Term Elliott Wave view in AUDUSD suggests that cycle from 9.30.2024 high is in progress as an impulse. Down from 9.30.2024 high, wave 1 ended at 0.6434 and wave 2 rally ended at 0.6528. Pair resumed lower in wave 3 towards 0.6176 as the 1 hour chart below shows. Wave 4 rally ended at…