Elliott Wave Forecast

Cycle from 12.13.2022 high is in progress as a 5 waves impulse Elliott Wave structure. Down from 12.13.2022 high, wave 1 ended at 233.87 and rally in wave 2 ended at 245.77. Internal subdivision of wave 2 unfolded as a zigzag structure. Up from wave 1, wave ((a)) ended at 240.87 and pullback in wave ((b)) ended at 233.94. Final leg higher wave ((c)) ended at 245.77 which also completed wave 2. Wave ((c)) unfolded as a 5 waves diagonal where wave (i) ended at 240.8 and wave (ii) ended at 233.94. Wave (iii) higher ended at 241.92, pullback in wave (iv) ended at 236.66 and final leg higher wave (v) ended at 245.77.

Good day Traders and Investors. In today’s article, we will look at the past performance of Caterpillar Inc. ($CAT). In our last article we explained that the stock has reached the Blue Box area where a bounce can happen. This is how we saw it back in Sep 2022.

Wells Fargo & Company (WFC) as diversified financial services company, provides banking, investment, mortgage, consumer & commercial finance products & services in the US & internationally. It operates through four segments, consumer banking & lending, commercial banking, corporate & investment banking & wealth & investment management. It is based in San Francisco, CA, comes under Financial services sector & trades as “WFC” ticker at NYSE.

Johnson & Johnson (JNJ) is an American multinational corporation founded in 1886 that develops medical devices, pharmaceuticals, and consumer packaged goods. Its common stock is a component of the Dow Jones Industrial Average, and the company is ranked No. 36 on the 2021 Fortune 500 list of the largest United States corporations by total revenue. Johnson & Johnson is one of the world’s most valuable companies and is one of only two U.S.-based companies that has a prime credit rating of AAA, higher than that of the United States government.

Cycle from 9.29.2022 low is in progress as a 5 waves impulse Elliott Wave structure. In the 45 minutes chart below, we can see wave 4 ended at 13795.47. Wave 5 rally is currently in progress with internal subdivision as another 5 waves impulse. Up from wave 4, wave ((i)) ended at 14160.87 and pullback in wave ((ii)) ended at 13871.32. Internal subdivision of wave ((ii)) unfolded as a zigzag structure where wave (a) ended at 13874.50, wave (b) ended at 14063.14, and wave (c) ended at 13871.32.

Short term cycle from 11.23.2022 low remains in progress as a 5 waves impulse Elliott Wave. Up from 11.23.2022 low, wave ((i)) ended at 1833.29 and pullback in wave ((ii)) ended at 1795.90. The metal then rallies higher again in wave ((iii)). Internal subdivision of wave ((iii)) is unfolding as another 5 waves impulse in lesser degree. Up from wave ((ii)), wave i ended at 1825.21, and pullback in wave ii ended at 1813.30. Wave iii ended at 1850.15, pullback in wave iv ended at 1829.90, and final leg wave v ended at 1865.15 which completed wave (i). The metal then pullback in wave (ii) towards 1824.

Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of NASDAQ . As our members know, the Index shows bearish sequences in the cycle from the November 22. 2021 peak. Incomplete structure calls for a further decline. Recently Nasdaq has made 3 waves bounce , when it has reached our selling zone. We recommended members to avoid buying and keep selling rallies in 3,7,11 swings due to bearish sequences. In the further text we are going to explain the Elliott Wave Forecast and the trading strategy.

The Goldman Sachs Group, Inc. (GS) is an American multinational investment bank and financial services company headquartered in New York City. It offers services in investment management, securities, asset management, prime brokerage, and securities underwriting. The company invests in and arranges financing for startups, and in many cases gets additional business when the companies launch initial public offerings. Notable initial public offerings for which Goldman Sachs was the lead bookrunner include those of Twitter, Bumble, Robinhood Markets, Coupang, etc.

Short term Elliott wave View in Amazon (ticker; AMZN) suggests the decline from 12.1.2022 peak is in progress as a 5 waves impulse. Down from 12.1.2022 peak, wave ((i)) ended at 94.92 and wave ((ii)) rally ended at 96.45. Stock resumed lower in wave ((iii)) towards 87.90 and wave ((iv)) correction ended at 88.88. Final leg wave ((v)) ended at 87.45 which completed wave 1 as the 45 minutes chart below shows. From there, wave 2 corrective rally ended at 96.26. Internal subdivision of wave 2 took the form of a zigzag Elliott Wave structure. Up from wave 1, wave ((a)) ended at 91.39, wave ((b)) ended at 87.87, and wave ((c)) ended at 96.26.