Short term Elliott Wave View in Silver (XAGUSD) suggests the rally from 9.28.2022 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from 9.28.2022 low, wave 1 ended at 21.24 and pullback in wave 2 ended at 18.05. The metal then resumed higher in wave 3. Up from wave 2, wave ((i)) ended at 18.94 and dips in wave ((ii)) ended at 18.26. The metal resumes higher in wave ((iii)) towards 22.25 and pullback in wave ((iv)) ended at 20.56. Final leg higher wave ((v)) ended at 23.51 which completed wave 3. From there, the metal pullback in wave 4 which ended at 22.00.
Elliott Wave Forecast
Short term Elliott Wave View in Tesla (TSLA) suggests cycle from 11.1.2022 high is in progress as a 5 waves impulse Elliott Wave structure. Down from 11.1.2022 high, wave 1 ended at 165.38 and rally in wave 2 ended at 198.92. Internal subdivision of wave 2 unfolded as a double three Elliott Wave structure. Up from wave 1, wave ((w)) ended at 188.50 and pullback in wave ((x)) ended at 178. Rally in wave ((y)) ended at 198.92 which completed wave 2 in higher degree. Wave 3 lower is in progress but the stock still needs to break below wave 1 at 165.38 to rule out a double correction.
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of OIL . As our members know, break of 09/27 low made incomplete bearish sequences in the cycle from the June peak. Consequently we were calling for further extension down within the cycle. Recently the commodity has given us nice 3 waves bounce which found sellers right at equal legs area as we expected. In the further text we are going to explain the Elliott Wave Forecast.
Short term Elliott Wave View in Apple Inc., (AAPL) suggests that cycle from 12.05.2022 high was ended at 140 low as wave 1 as 5 waves impulse Elliott Wave structure. While above there, it starts bouncing in proposed 7 swing correction, which expect to fail below 150.90 high of wave (2) to resume lower. It ended (2) at 150.90 high in proposed 3 swing bounce started from 11.29.2022 low of (1). While below there, it expect weakness to continue in (3) as it is showing lower low in wave 1 below 11.29.2022. The further weakness will confirm once it breaks below 10.13.2022 low on higher degree sequence.
Short term Elliott Wave view in TESLA Stock (ticker: TSLA) suggests the decline from 8.16.2022 high is unfolding as a zigzag Elliott Wave structure. Down from 8.17.2022 high, wave ((A)) ended at 198.33 and wave ((B)) rally ended at 237.43. The stock extends lower in wave ((C)) and the internal subdivision is in the form of a 5 waves impulse Elliott Wave structure.
Short term Elliott Wave View in Microsoft Stock (MSFT) shows an incomplete bearish sequence from 11.22.2021 high favoring further downside. Short term, rally from 10.13.2022 low is unfolding as an expanded flat Elliott Wave structure. Up from 10.13.2022 low, wave (A) ended at 252.62 and pullback in wave (B) ended at 212.24. Wave (C) higher is in progress as a 5 waves impulse structure before the stock turns lower again.
Short term Elliott Wave view in Apple Stock (ticker: AAPL) suggests the decline from 8.17.2022 high is unfolding as a zigzag Elliott Wave structure. Down from 8.17.2022 high, wave a ended at 133.20 and wave b rally ended at 157.50. The stock extends lower in wave c and the internal subdivision is in the form of a 5 waves impulse Elliott Wave structure.
Bank of Montreal (BMO) provides diversified financial services primarily in North America. The company’s personal banking products & services include checking & savings accounts, credit cards, mortgages, financial & investment advice services & commercial banking products & services. It is based in Montreal, Canada, comes under Financial services sector & trades as “BMO” at NYSE.
Short term Elliott Wave view in Oil suggests the rally from 9.26.2022 low is unfolding as a 5 waves diagonal. Up from 9.26.2022 low, wave (1) ended at 93.64 and pullback in wave (2) ended at 82.11. The rally then resumes and Oil has broken above wave (1) peak suggesting the next leg higher has started. It also shows a bullish sequence from 9.26.2022 low, favoring further upside.