• 580 days Will The ECB Continue To Hike Rates?
  • 580 days Forbes: Aramco Remains Largest Company In The Middle East
  • 582 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 982 days Could Crypto Overtake Traditional Investment?
  • 987 days Americans Still Quitting Jobs At Record Pace
  • 989 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 992 days Is The Dollar Too Strong?
  • 992 days Big Tech Disappoints Investors on Earnings Calls
  • 993 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 995 days China Is Quietly Trying To Distance Itself From Russia
  • 995 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 999 days Crypto Investors Won Big In 2021
  • 999 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,000 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,002 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,003 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,006 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,007 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,007 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,009 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis For EURUSD and SP500

Stocks have recovered much higher than we thought, so now we are wondering if rally from 1815 is wave C as part of a correction, or is it wave 3. However, the important is a five wave move from 1815 now with final leg, subwave (v) in progress, which means that upside can be limited. With that said, traders should be aware of a short-term bearish reversal in sessions ahead. 1915-1930 is a resistance that could limit gains.

S&P500 (December 2014) 1h Elliott Wave Analysis

S&P500 (December 2014) 1-Hour Elliott Wave Analysis Chart

As long the EURUSD is above 1.2700 we will look at move since Oct 15th as a corrective wave B. There are chances for a triangle, but we are unsure and further bullish direction unconfirmed until we get a rally back to 1.2838.

EURUSD 1h Elliott Wave Analysis

EURUSD 1-Hour Elliott Wave Analysis Chart

 


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

 

Back to homepage

Leave a comment

Leave a comment