Elliottwaveanalyis
NASDAQ Elliott Wave Analysis Higher Timeframe (22/07/2023)In the weekly, the NASDAQ looks bullish and might be preparing for a Wave III to the upside. However, the minimum requirements for a Wave II to the downside were not fulfilled. As long as we do not take out the Wave I high, it could be that we still make a new low as a Wave II. In the daily and 4h, it looks like the upward structure as a wave (3) might finish soon. Investors should wait for a good pullback before buying again. Currently, as an investor, we are in an area to take profit.
DOW Elliott Wave Analysis Higher Timeframe (22/07/2023)The EW count shows an ending upward structure. However, depending on what we get next week, alternative EW counts are possible. Investors should wait for the pullback to buy again. Now we are rather in area to take profit. Traders should analyze the lower timeframe.
FTSE Elliott Wave Analysis Higher Timeframe (22/07/2023)The pullback in the higher timeframe is ongoing. We had 5 waves up as an impulse in the weekly and daily. Investors should wait for the completion of the pullback to buy. Traders should analyze the lower timeframe. There might be a good short opportunity next week.
DAX Elliott Wave Analysis Higher Timeframe (22/07/2023)In our primary scenario we expect a bit more upside as a wave (5) to finish the higher level wave ((1)). In our secondary scenario, the high might be in and the pullback might have started. For investors, we are in an area to take (partial) profits. Investors do not buy here as the data shows a bearish divergence. Investors should wait for a decent wave ((2)) pullback before buying again. Traders should analyze the lower timeframe. We see opportunities for both short and long trades next week.
Trading week recap for NASDAQ, DOW, DAX & FTSE (22/07/2023)Let's look back at the past trading week and learn from it. What went well? What could be better?
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DXY Daily Elliott wave countOur focus is to the downside for five waves to complete a zigzag correction, wave C of wave 2.
I am expecting some pullback into the crypto market as the price on DXY is still into an up move for a possible wave 2 of this C wave and than we should continue to the upside so chances to buy at lower prices are possible.
Future updates will be posted as updates to this count, don`t miss them!!
Good luck!
NASDAQ Elliott Wave Analysis for Thursday 20/07/2023In the lower timeframe, we are waiting for an ABC pullback to finish the wave ((iv)). From there, we can go long again. For the moment, there looks to be a complete structure to the upside which can be shorted (warning: against the main direction).
DOW Elliott Wave Analysis for Thursday 20/07/2023In the 1 hour, it looks like the DOW is close to finishing an impulse to the upside. If we see the fifth wave ending with divergence, traders can initiate a short (against the main direction). A safer way to trade is to wait for the wave ((ii)) pullback and go long from there.
NASDAQ Elliott Wave Analysis for Wednesday 19/07/2023In the lower timeframe, we are waiting for an ABC pullback to finish the wave ((iv)). From there, we can go long again. For the moment, there looks to be a complete structure to the upside which can be shorted (warning: against the main direction).
DOW Elliott Wave Analysis for Wednesday 19/07/2023In the 1 hour, it looks like the DOW is close to finishing an impulse to the upside. If we see the fifth wave ending with divergence, traders can initiate a short (against the main direction). A safer way to trade is to wait for the wave ((ii)) pullback and go long from there.
RDNTUSD Elliott wave count 4HRDNT 5 waves up leading diagonal for wave a/1 and correction into 0.618 fib retracement for a wave b/2.
Price break the 0.3030 pivot of wave b so we can keep the focus up against 0.2813 in a still-extending wave c/3,looking for price to aim for the 1 or 1.618 projection between waves (a/1) and (b/2).
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Future updates will be posted as updates to this count.
Daily intraday updates on 1H and 4H time frame, don`t miss them!!
Good luck!