We provide Technical Analysis and Signals for Most Popular World Markets including Forex, Commodities, Indices, Stocks, ETFs and Bitcoin based in Elliott Wave Theory.
Short term view of Hang seng Index suggests cycle from 6.28.2022 high is unfolding as a 5 waves impulse Elliott Wave structure. Down from 6.28.2022 high, wave ((i)) ended at 19469.11 and wave ((ii)) ended at 20185.15. Index then resumes lower in wave ((iii)) towards 16906.96 with internal subdivision as an impulse in lesser degree.
S&P 500 (SPX) shows a 5 swing bearish sequence from 1.4.2022 high calling for further downside towards the extreme area of 2425 – 3150. Short term, the decline from 8.16.2022 high remains in progress as a 5 waves impulse Elliott Wave structure. Down from 8.16.2022 high, wave 1 ended at 3906.03 and rally in wave 2 ended at 4119.28.
Short term Elliott Wave view on Alphabet Stocks (ticker: GOOGL) suggests the decline from 8.16.2022 peak is unfolding as a 5 waves impulse structure. Down from 8.16.2022 peak, wave ((1)) ended at 105.78 and rally in wave ((2)) ended at 111.62. Stock resumed lower in wave ((3)) towards 95.56 and rally in wave ((4)) ended at 102.93.
Extra Space Storage Inc Stocks (EXR) is a self-administered & self-managed REIT. The company owned &/or operated 1,906 self-storage stores in 40 states. The company offers customers a wide selection of conveniently located & secure storage units across the country, including boat storage, RV storage & business storage. It is based in Salt Lake City, Utah, comes under Real Estate sector & trades as “EXR” ticker as NYSE.
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of Natural Gas $NG_F . As our members know, Natural Gas futures has been showing incomplete bearish sequences in the cycle from the August 23rd peak. We recommended members to avoid buying the commodity. Cycle from the 10.036 peak was incomplete and we knew the drop was coming . In the further text we are going to explain the Elliott Wave Forecast.
MTU Aero Engines AG is a German aircraft engine manufacturer. It develops, manufactures and provides service support for civil and military aircraft engines. Founded in 1934 and headquartered in Munich, Germany, it can be traded under the ticker $MTX at XETRA in Frankfurt. MTU is a part of DAX40 index. In the initial article back in April 2021, we have forecasted a new cycle higher.
Dow Futures (YM) shows incomplete bearish sequence from 1.5.2022 high favoring further downside. The decline from 8.16.2022 high is in progress as a double three Elliott Wave structure. Down from 8.16.2022 high, wave A ended at 30975 and rally in wave B ended at 32789. Index extends lower again wave C towards 28635 which completed wave (W). Rally in wave (X) is currently in progress as a zigzag structure as the 60 minutes chart below shows.
In this technical blog, we will look at the past performance of 1-hour Elliott Wave Charts of USDCAD. In which, the rally from 11 August 2022 high is unfolding as an impulse sequence and showed a higher high sequence. Therefore, we knew that the structure in USDCAD is incomplete to the upside & should see more upside. So, we advised members to buy the dip in 3, 7, or 11 swings at the extreme areas. We will explain the structure & forecast below:
DAX shows incomplete bearish sequence from 11.18.2021 high and 3.29.2022 high favoring further downside. Decline from 3.29.2022 high is unfolding as a double three Elliott Wave structure. Down from 3.29.2022 high, wave (W) ended at 12390.95 and wave (X) rally ended at 13947.85. Wave (Y) decline is now in progress with subdivision as another double three WXY in lesser degree.
