Elliott Wave Analysis of Gold - Next upside target seen at 3,100
The Elliott Wave Surfer
Translate
Wednesday, March 6, 2024
Elliott Wave Analysis of Gold - Next upside target seen at 3,100
Monday, March 4, 2024
Elliott Wave Analysis of Crude Oil - Neckline broken Rally to 95.03 next
Elliott Wave Analysis of Crude Oil - Neckline broken Rally to 95.03 next
In my February 23 post I showed the possible S/H/S bottom and said, that a break above the neckline would call for a rally towards 95.03. This rally is now in the cards as the neckline has been broken and the S/H/S-bottom formation now is activated.
Longer term a rally closer to 129.30 is expected, but let's take the coming rally in baby-steps and first look for the S/H/S-bottoms target near 95.03.
Friday, March 1, 2024
US 10Y Yield Should Peak Near 4.48
Friday, February 23, 2024
Elliott Wave Analysis - Crude Oil In a S/H/S Bottom
Wednesday, February 21, 2024
Elliott Wave Analysis - EUR/USD Headed for 1.2860
Elliott Wave Analysis - EUR/USD Headed for 1.2860
In my February 5 post, I called for EUR/USD to move lower to test support at 1.0760. We have seen a low 1.0695 before EUR/USD bottomed and turned higher. Perfectly on the cycle low on February 14.
I will now be looking for EUR/USD to break above minor resistance at 1.0898 to confirm that wave (2) indeed has completed and wave (3) higher towards 1.1830 is in motion. At 1.1830 wave 3 will be 1.618 times the length of wave (1), however, I wouldn't be surprised to see wave (3) extend ever further towards 1.2505 where wave (3) will be 2.618 times the length of wave (1) and maybe even closer to the 3 times extension of wave (1) at 1.2860.
Look for EUR/USD to gain upside momentum in the weeks ahead.