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Hello traders. Welcome to a new technical analysis blog post. In this one, the spotlight will be on the Dollar Index – DXY, amid a sustained rally since late September 2024. The Dollar Index (DXY) has gained about 9% since September. Thus, adding to the overall bullish corrective cycle from the July 2023 low. The…
Gold Miners Junior (GDXJ) is an exchange-traded fund (ETF) managed by VanEck. This ETF primarily invests in small-cap companies in the gold and silver mining sector. The ETF has higher potential for growth or risk compared to larger, established mining companies. These junior miners can offer significant leverage to gold price movements. It makes GDXJ…
Hello traders ! In this technical article, we’re going to take a quick look at the Elliott Wave charts of the SPX index, published in the members area of the website. As our members know, SPX remains overall bullish, currently correcting the cycle from the August 5118.95 low. In this article, we will explain the…
Hello traders and investors! In this technical article, we’re going to take a quick look at the Elliott Wave charts of the Nasdaq ETF QQQ, published in the members area of the website. As our members know, QQQ is showing impulsive bullish sequences in the cycle from the August 420.16 low. As a result, we…
SoFi Technologies, Inc., (SOFI) provides various financial services in the US, Latin America & Canada. It operates through three segments; Lending, Technology Platform & Financial services. It comes under Financial Services sector & trades as “SOFI” ticker at Nasdaq. In last article, SOFI favors rally in (3), which ended at $17.19 high & favors corrective…
Short Term Elliott Wave view of Dow Futures (YM) is looking for a larger degree correction against cycle from 3.15.2023 low in 3, 7, or 11 swing. Rally to 45183 ended cycle from 3.15.2023 low as wave ((3)) per 1 hour chart below. Wave ((4)) pullback is now in progress to correct that cycle. Internal…
Hello everyone! In today’s article, we’ll examine the recent performance of Advanced Micro Devices, Inc $AMD through the lens of Elliott Wave Theory. We’ll review how the decline from the December 05, 2024, peak unfolded as a 5-wave impulse and discuss our forecast for the next move. Let’s dive into the structure and expectations for this stock. Zig-Zag ABC correction…
ChainLink LINK is a decentralized network of nodes that provide data and information from off-blockchain sources to on-blockchain smart contracts via oracles. Last summer, LINK found buyers in wave ((2)) at extreme blue box area $8.2 – $5.7 then rallied in wave ((3)) for +280%. It did manage to reach the daily target area around $30 and…
In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of Nike ticker symbol: $NKE. We presented to members at the elliottwave-forecast. In which, the decline from 01 October 2024 unfolded as an impulse structure. And showed a lower low favored more downside extension to take place. Therefore, we advised members…
The chart below of the CADJPY pair shows the pair reacted lower from a bearish supply zone (Gray) and also reacted lower from a clear visible blue resistance level/previous support. A bearish divergence pattern (Red) also formed in the same zone/level signalling for a possible continuation lower. Price has since moved lower from supply zone signalling…