GOLD and NASDAQ 100 Intraday: Elliott Wave Analysis

By: Gregor Horvat | Thu, Oct 23, 2014
Print Email

Nice reversal so far from 1255 where we called end of a five wave rally in wave (c). For now a decline from the top is not in five waves yet, but is looking promising so far. However, for further weakness we want to see a daily close price today beneath 1231 that would open door for 1219 and even 1200. For now, short-term invalidation level is at 1244.

GOLD 1h Elliott Wave Analysis

GOLD 1-Hour Elliott Wave Analysis Chart

NASDAQ100 is higher in pre-market now already at the highs after recent fourth wave pullback as highlighted yesterday. Price could rally to 4000-4020 in the near future, but then keep an eye on new retracement of wave four but of a higher degree.

NASDAQ 100 1h Elliott Wave Analysis

NASDAQ 100 1-Hour Elliott Wave Analysis Chart

 


Subscribe Our Newsletter If you already haven't >> http://goo.gl/8QVevl

 


 

Gregor Horvat

Author: Gregor Horvat

Gregor Horvat
www.ew-forecast.com

Gregor Horvat

Gregor Horvat, based in Slovenia, has been in the forex markets since 2003. He is a technical analyst and individual trader who has worked for Capital Forex Group and TheLFB.com. He also is founder of forex services on www.ew-forecast.com. EW-Forecast.com provides technical analysis of the financial markets, highlighting behavioral patterns based on the Elliott Wave Principle (EWP). Website: http://www.ew-forecast.com/

Copyright © 2013-2017 Gregor Horvat

All Images, XHTML Renderings, and Source Code Copyright © Safehaven.com