Elliott Wave View: Near Term CADJPY Should Continue Higher

June 2, 2022 By EWFLuis

Short Term Elliott Wave View in CADJPY suggests cycle from April 20, 2022 high has ended with wave ((2)) at 97.73. Pair rallies from that level building an impulsive structure as wave 1 ended at 101.16. Then we saw a zigzag Elliott Wave structure as wave 2. Down from wave 1 high, wave ((a)) ended at 99.10, pullback in wave ((b)) ended at 100.39. Then pair drop again in wave ((c)) ended at 98.28 and complete wave 2.

Pair continued with a rally doing a leading diagonal as wave ((i)) ended at 99.59 and wave ((ii)) correction ended at 99.27. Wave ((iii)) has been extended. In lesser degree wave (i) of ((iii)) completed at 99.67. Small pullback as wave (ii) ended at 99.27. Then a strong rally appeared finishing wave (iii) at 101.96. Wave (iv) was shallow at 101.53 and the last rally to complete wave (v) of ((iii)) ended at 103.11. Near term, wave ((iv)) pullback could be done already at 102.50 and we should continue the rally to look for complete wave ((v)) of 3 and wave 3. If pair breaks lower 102.50, then ((iv)) should enter in a double correction before continue with the rally.

CADJPY 60 Minutes Elliott Wave Chart

CADJPY Elliott Wave Video

https://elliottwave-forecast.com/news/elliott-wave-view-near-term-cadjpy-continue-higher/

 

https://elliottwave-forecast.com/stock-market/ym_f-buying-dips-blue-box/

YM_F Buying The Dips in The Blue Box

June 1, 2022 By Daud Bhatti

In this technical blog we’re going to take a quick look at the Elliott Wave charts of Dow Futures (YM_F) published in members area of the website.  As our members knew, we’ve been favoring the long side in YM_F due to it having an incomplete bullish sequence against 3.23.2022 low. Moreover, Indices like FTSE are also showing an incomplete bullish sequence which favors more upside in the Indices. Dow Futures found a peak at January 5, 2022 (36832) and started pulling back and this pull back took the form of double three Elliott wave correction and members knew it was nothing more than another buying opportunity. In the remainder of the article, we are going to explain the Elliott Wave Pattern and talk about the strategy of blue box buying.

Before we take a look at the real market example, let’s explain Double Three Elliott Wave Structure.

Double Three Elliott Wave Structure is one of the corrective patterns in Elliott Wave theory. Double three is a sideways combination of two corrective patterns. There are several corrective patterns including zigzag, flat, triangle etc. When two of these corrective patterns are combined together, we get a double three. Wave W and Y subdivision can be zigzag, flat and double three of smaller degree or triple three of smaller degree. Wave X can be any corrective structure and double three is a 7 swing structure.

YM_F 21 May Elliott Wave Update – Daily Time Frame

Chart below shows Dow Futures in a double three Elliott wave structure lower from January 5, 2022 peak and has reached the blue box which is made up of 100 – 161.8% Fibonacci extension area. Clients knew a 7 swing correction should end in this blue box and we should see a turn higher to resume the rally for a new high above January, 2021 peak or for 3 waves reaction higher at least.

We don’t like selling the pair against the main bullish trend. Strategy is favoring longs as price already reached the blue box because we still expect at least 1 more leg higher. Once bounce reaches 50 Fibs against black ((X)) high, we will make long position risk free by either moving stop loss to entry position or taking partial profits and putting stop on remaining position below the low within the blue box. Invalidation for the trade would be break of 1.618 Fibonacci extension level at 27807. As our members know, blue Boxes are no enemy areas , giving us around 80% or a higher chance to get 3 waves bounce at least from the blue box.

YM_F 28 May Elliott Wave Update – Daily Time Frame

Chart below shows Dow Futures (YM_F) has found buyers at the Blue Box area and we are getting good reaction from there.  Pull back completed at 30585 as a double three Elliott wave structure. The rally from the blue box reached and exceeded 50% of the decline from black ((X)) peak. Consequently, members who have taken the long trades at the blue box now enjoying profits in a risk free trades. Now we would need to see break of  January 5, 2022 peak in order to confirm next leg up is in progress. Until January 5, 2022 high doesn’t break, a larger double correction lower still can’t be ruled out in which case we would highlight the next blue box buying area for members.

Keep in mind that market is dynamic and presented view could have changed in the mean time.  You can check most recent charts in the membership area of the site.

Elliott Wave Forecast una plataforma eficaz de servicios

Después de numerosas reuniones de trabajo y habiendo comprendido la necesidad que la compañia Eme Investment, manifestó en estos encuentros Promoboom Network Alliance comenzó los trabajos de programación y diseño del sitio web.

Objetivo primordial crear una plataforma que le permitiera al cliente de Eme Investment seleccionar y disfrutar diferentes planes de servicio. Es por eso que se decidió a utilizar un software de para manejar la solicitud de los nuevos miembros y la posibilidad de que ellos una vez subscrito al servicio pudiera disfrutar de los análisis y señales especializados del expertos en Forex.

Eme Investment, presidida por Eric Morera, comenzó la explotación total del sitio en Noviembre del 2010 y desde entonces ha incrementado su lista a mas de 1500 miembros que disfrutan un servicio profesional y especializado en predicciones del mercado de divisa.

Fue en esa fecha que Promoboom comenzó los servicios de optimización para encontrar una posición ventajosa en los principales motores de búsqueda. Se realizo un trabajo arduo y paciente de aumentar la popularidad y de difundir a Elliott Wave Forecast en los principales directorios de artículos especializados y redes sociales.

Actualmente el 60% de los negocios de Eme Investment proviene de personas que realizan búsqueda en Google, Yahoo y Bing, donde Eme esta ubicada en los primeros lugares.

Eme Investment esta ubicada en la ciudad de Miami y es dirigida por el Sr Eric Morera, reconocido experto internacional en pronósticos de mercado de divisas Forex.

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Para conocer mas sobre Promoboom siga este enlace Diseno Web Miami

Turning points and confirmations entries.

Many traders always like to trade base in Illusions and speculations. We all keep guessing when the next turning point will be. We place our entry base in levels we created which range from Support or resistance to Fibonaccieslevels.We which use Elliott wave Principle for trading usually identify the pattern and we posted our orders in theFibonaccies levels that better fit the pattern. In our opinion, that is  a mistake because even the Elliott wave principleprovided a great deal of security and reading of the market , there is nothing sure and many times there are alternate counts.

We in Elliottwave-forecast do not trade base in speculation or illusion , we practice the Elliott wave principle and adjust a littler to this great tool. What we do is we identified the pattern , we go inside the pattern and see every wave and Fibonaccie  levels and then we relate to the recovery. Every recovery is not a one wave recovery usually come in a ABC pattern, after we identify the pattern  and the recovery is following we identify the points inside the structure that will that will confirm that this is a corrective recovery , the best example is within the ABC structure , lets said we have a clear 5 waves down or up , what we have is a recovery against those five waves , all we need is patience and wait and identify the end of wave A and let wave C to end .

After wave C end we will wait for the over lapping and that will confirm our entry making our stop being very small and our entry secure. This is a example of how patience will paid in the Forex trading and a simple overlapping will help your profits and consequently your economic .

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Eric Morera expert at Elliott Wave Forecast using Elliott Wave Principle

It is gold topped or will go higher.

Gold as everyone knows has been view as power , as money , as a symbol of King. Gold has reach the higher print of 1424.50 printed against the US dollar per ounce. Many believe this is hard to top and its too much. I will explain my point of view and how we believe in Elliottwave -forecast this Gold rally will play out.Gold has been rising since charts can be recorded and have make many corrections within that rise. We really believe in Elliottwave -forecast that Humans are in impulse trend when we came from nothing to the stone age to today world full of technological advances. Who would though 100 years ago all the advances we have today , Last night , I watch a movie about Amelia Earhart those plans compare to what we have today are nothing , the cars today compare to the one in the earlies days nothing. we live in a uptrend world when Humans take risk and develop new instruments which will make our world more and more advance. There are wars  and tragic events which develop  corrections within the Human up trend but at the end are erase and develop into something new and better .

This cycle has been there since the divine creation and will be going into eternity. I look around trying to find something through the ages , something which value has increases  with Humans and guess what I found .GOLD , it has been there thought years with the develop , many wars were fought because Gold , the value always been there and always will.We believe in Elliottwave-forecast the Gold will get into a correction from this level , our charts are backed to 1978 and this will be the biggest of all , it can drop to around 800 dollars per ounce but at the end King Gold will keep rising and rising and someday will worth more than 2000 dollars per ounce .that will happen with patience within the next six months we will have a good retirement plan if we start buying Gold in twenty years from now , who knows how much it will worth , the History of human grow show the trend , now it is so to you to get aboard.

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Eric Morera expert at Elliott Wave Forecast using Elliott Wave Principle

Elliot Wave Principle an Inside look.

It was early 1900 and a man named Ralph Nelson Elliott was forced to retirement due to a series of illness contracted while living in Central America. Mr. Elliot need something to rules his life and begins studying the behavior of the stock market. He went over Weekly, Daily and hourly charts. He notice that markets follow patterns and those will repeat them self over and over again. Mr. Ralph Elliott relates those patterns and stock behavior to the Nature’s Law or the Secret of the Universe. As we all know, we live in a universe where not everything is as simple as it looks. We are relate one to another and every individual has its own universe or rhythm, each part of the universe has its little world, it makes its own decision and follow its own destiny .

Human we are part of the whole universe and consequently being the smartest part we take decision that rule the universe or better said that rules the planet of Earth .Everything in this universe has a rule and it’s been created in a so called divine way. I believe  Humans are the only one to discovery those divine rules of creations and seeing how Flowers, Hurricanes , Human body all follow  ratios , which was not designed by us , was something superior .Mr. Elliot put all those concepts together and develop The Elliott Wave Principle. This powerful Theory will predict what the market will do next and identify the turning point. How we can say all this is true and why it’s happen. As mention before the market follow pattern, he discovery it moves in two ways Impulses and Corrective, the first way has five waves the second only three waves. Mr. Elliot discovery that there are multiple cycles going from a mini second to millenniums and each cycle is relate to the other creating a sequence where going from the lesser to the higher degree will develop a movements. Identifying the cycles is hard but as far as a cycle is identify it become a divine rules how predicted it become.

The Market is develop by Humans, where every investor will make decisions base in different opinions not only usingThe Elliott Wave Principle , this decisions will move the market and created waves . The investor are humans and also part of the Universe consequently they are ruled by divine forces, many of them do not even understand this simple concept , and make the decisions just as a machine in need of making decisions . Elliott understood that entire concept and in my opinion that was his bigger discovery understanding the Universe rules. Those waves are counted following the simple Elliot wave principle rules where a impulse is five waves where wave 2 cannot pass the beginning of wave 1 , wave 4 cannot print the end of wave 1 and wave 3 can not the shortest of the 3 impulse waves, if all three rules can be applied then we have a impulse move , if one of them is broke then we have a corrective move. Following those rules we are going to create our counts and develop ourtrading strategies. It looks simple right now but understanding the Universal rules and Human Nature is the motor behind the Elliott wave Principle

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Eric Morera expert at Elliott Wave Forecast using Elliott Wave Principle

Avoiding a common mistake using Elliott Wave Forecast

Many traders tend to spend many hours in front of a computer .For example, my self spend almost more than 12 hours a day. Those hours tend to make the trader create illusion and false decisions. The trader believe having  the right side of market and make a wrong decision .Then, the trader start questioning the decision and start losing money. This situation happen to many rookies traders and the question is why.

A trader need to understand that there is not need for a trade a day. The day you understand that waiting for you set up and waiting is the right way , then you start to become a better trader. I usually do one or two trades a month. Why because I have have set up my  strategy and I only trade when it present .If I miss a trade then I let it run until the cycle end and start over again, I do not chase the market or pick top or bottom ,so I only follow my set up and been patience is the way .

Keep one set up or strategy and stick with it .Many believe this is day time trade as they call it .and it is not like that this is a set up trade and as far as you respect your guideline and rules to follow your set up as better trader you become. I only use Elliott wave for trading and consequently if my set up gone and I did not get it , I have to wait for five waves to develop before I think about trading that pair again. I really suggest to make less trades every month but better quality trades. That will make you understand the market and avoid the pick and choosing it come with the daily market moves.

As a waver the best set up using the Elliott wave principle  is waiting for five waves to take place and then taking a position in favor of the five waves trend against the beginning of those five waves .If you trade only using that rules you and keep to this strategy and only trade when it present you will become a better trader.

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Eric Morera expert at Elliott Wave Forecast using Elliott Wave Principle