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Elliott waves analysis

This forecast is based on the Elliott Wave Principle which states that investor psychology is the motor behind the stock markets. In this analysis however, the analyst not only observes the previous price patterns, but also takes into account the correlation between different pairs before releasing forecasts.

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Elliott waves analysis

24 - 28 October	weekly forecast 24 - 28 October Weekly Review SPX500 weekly Review: On the 4 hours chart attached, the SPX500 is currently heading to the upperside. As it is right now, i am expecting a possible break above the level 3831.8, if this level is broken, then further momentum to the upperside is expected towards 4129.4. On ths flipside, sho More
2022	EURUSD	GBPUSD	USDJPY
28 October	We're waiting for a sell from 1.01945. Wave Analysis Euro rallied to the upperside but is still below the level 1.01945. This is a major level, and while the price remains below it, I am waiting for a rebound from it to pick a possible long term sell position towards towards 0.95355. This is a major level, 1.01945, and while the price More	We're watching for a sell from 1.17669. Wave Analysis: After breaking above the upper trendline, the British pound is yet to hit the level 1.17669. This is a key resistance level and while the price remains below it, we are waiting for a rebound from it to pick a possible long term sell position. A clear break and close above this level More	We're on the sidelines. Wave Analysis During the previous trading day, the US Dollar rallied to the lowerside but is still above 145.023. This is a key level and while the price does not clear breakout and close below it, we are waitinng for a rebound from it to pick a possible long term buy position. On this chart, buye More
27 October	We're buyers towards 1.01945.	We're buyers for now towards 1.176669.	We're sellers towards 145.022.
26 October	We're waiting to sell a rebound from the upper trendline.	We're sellers towards the lower trendline.	We're buyers towards 160.90.
25 October	We're sellers towards 0.93560	We're on the sidelines for now.	We're buyers towards 150.90
24 October	We're sellers	Wait	We're buyers towards 150.90

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Elliott waves analysis

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