James Chen, CMT is an expert trader, investment adviser, and global market strategist. Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician ...

“…we anticipate a slight pullback in the gray 4th wave to around 6785-6825 before the next upward move (gray W-v) begins. The latter could then ideally reach 6930 ...

By using the Elliott Wave (EW) Principle, we expected in our previous update from December 5, see here, for the NASDAQ 100 (NDX) that “… the orange Wave-3 to peak at the 161.8% extension (~25635), ...

Fast forward to today. The index peaked at 25827 for the orange Wave-3, dropped to 25504 for the orange W-4, and peaked at 25835 for the orange W-5. So far, so good; all waves were essentially on ...

Zorrays Junaid has extensive combined experience in the financial markets as a portfolio manager and trading coach. More recently, he is an Analyst with Alchemy Markets, and has contributed to DailyFX ...

Zorrays Junaid has extensive combined experience in the financial markets as a portfolio manager and trading coach. More recently, he is an Analyst with Alchemy Markets, and has contributed to DailyFX ...

Short-term Elliott Wave count for the SPX since October. In a textbook five-wave impulse move, the third wave commonly reaches the 161.8% extension, the fourth wave hits the 100.0%, and the fifth wave ...

In our earlier update from three weeks ago (see here), when Bitcoin (BTCUSD) was trading around $104K, we determined, based on the Elliott Wave (EW) Principle, that “an ongoing corrective 4th wave ...

The index bottomed out for a 4th wave on October 14 and is now in a 5th wave toward our ideal, long-standing target of 7120. Once reached, changes for a large correction increase. The index peaked at ...

Cable came nicely down in the last 24 hours, and so far we can count three subwaves within a potential wave B retracement. Be aware of possible stabilization, ideally in our yellow box around the ...

Bitcoin (BTC) investors, it’s time to buckle up. Jon Glover, Elliott Wave analyst and Ledn’s Chief Investment Officer, known for his precise market forecasts, is going against the bullish consensus ...