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Elliottwaveforecasts

FTSE Another Leg Lower is Expected To Take PlaceShort-term Elliott wave view in FTSE suggests that the rally to 7404.31 high ended wave ((1)). Down from there, the index is doing a pullback in wave ((2)) to correct the cycle from the 10/28/2020 low before the upside resume. The internals of that pullback is unfolding as Elliott wave zigzag structure where initial decline to 7198.76 low ended wave 1. Then wave 2 ended at 7311.94 high, wave 3 ended at 7044.3 low. Wave 4 bounce ended at 7161.91 high and wave 5 ended at 6989.66 low thus ended the first leg in wave (A). Up from there, the index made a short-term bounce in wave (B). The internals of that bounce also unfolded as a lesser degree zigzag structure where wave A ended at 7182.01 high. Wave B ended at 7083.21 low and wave C ended at 7378.92 high. Near-term, as far as bounces fail below 7378.92 high and more importantly below 7404.31 high the index is now expected to start the (C) leg lower. And expected to see more downside towards 6966.22- 6710.86 100%-161.8% Fibonacci extension area of (A)-(B). From there, the next leg higher is expected to take place or should produce a 3 wave bounce at least. Alternatively, if it breaks higher then the index might have done a running flat correction from the August peak.
TVC:UKX
by Elliottwave-Forecast
Gold elliott wave analysis today, idea for gold tradingDo you find for a Gold elliott wave analysis today ? This is an unique idea for gold trading on TradingView blog. I just use Elliott Wave as analysis reference. Keep in mind, here's an elliott wave gold forecast. The above chart shows only one case with 5 Elliott Waves of gold on the 4h time frame. Z Concepts is a free blog sharing how to use Wyckoff theory, supply and demand , Price Action and some other modern technical analysis methods. Follow to update more effective gold trading cases! ------------------------------------------ Attention: React to price action based on specific trading plans, rather than predictions. This is my personal idea and analysis, please just see it as an example for reference. You also need your own judgment, analysis as well as a trading plan to manage risks when trading Forex. What method are you trading gold & forex? Please comment below
OANDA:XAUUSD
by UnknownUnicorn31399052
SPY Elliott Wave View: Should Extend Into New HighsShort-term Elliott wave view in SPY suggests that the cycle from October 01, 2021 low is showing a higher high sequence favoring new highs to follow. The internals of that rally is unfolding as an Elliott wave impulse sequence where wave 1 ended at $436.03 high & wave 2 ended at $426.36 low. Up from there, wave 3 unfolded with extension where lesser degree wave ((i)) ended at $441.68 high. Afterwards, wave ((ii)) ended at $431.54 low, wave ((iii)) ended at $458.49 high. Then wave ((iv)) ended at $453.83 low and wave ((v)) ended at $470.65 high. Down from there, SPY made a pullback in wave 4 to correct the cycle from October 04, 2021 low. The internals of that pullback unfolded as a zigzag structure where wave ((a)) ended at $465.26 low. Then wave ((b)) ended at $467.38 high and wave ((c)) ended at $462.05 low. Up from there, wave 5 remains in progress where wave ((i)) ended at $470.49 high and wave ((ii)) ended at $466.34 low. Near-term, while dips remain above $466.34 low and more importantly above $462.05 low expect SPY to extend higher towards $474.82- $480.04 area higher in wave ((iii)) before a pullback in wave ((iv)) develops.
AMEX:SPY
by Elliottwave-Forecast
1
GBPUSD Elliott Wave View: Blue Box Should Find SellersShort-term Elliott wave view in GBPUSD suggests that October 20, 2021, high is showing a lower low sequence favoring more downside to take place. Down from that peak, the decline is unfolding as an Elliott wave impulse sequence where wave 1 ended at $1.3735 low. While wave 2 ended at a $1.3830 high. Wave 3 unfolded in a lesser degree 5 waves structure where wave ((i)) ended at $1.3708 low, wave ((ii)) ended at $1.3815 high & wave ((iii)) ended at $1.3423 low. Afterwards, wave ((iv)) ended at $1.3607 high and wave ((v)) ended at $1.3351 low. Above from there, the stock is doing a bounce in wave 4 to correct the cycle from 26 October 2021 high. The internals of that bounce is unfolding as Elliott wave double three structure where wave ((w)) ended at $1.3473 high. Then wave ((x)) pullback ended at $1.3394 low and wave ((y)) is expected to reach 100%-161.8% Fibonacci extension area of ((w))-((x)) towards the blue box area at $1.3517- $1.3593. Near-term, as far as the pair stays below the $1.3593 level the pair should find sellers looking for more downside ideally or for a 3 wave reaction lower at least.
G
by Elliottwave-Forecast
1