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Surfing the Waves January 18 2022 - Video Update

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January 18 2021

Hey traders!

Below is new video analysis for GBPUSD, AUDUSD, DAX, SP500 and SILVER sponsored by Orbex.com
 



Elliott Wave Analysis: Cable Is Back To Bullish Mode

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Jan 17 2022

Hello traders!

Today we will talk about Cable ( GBPUSD ) in which we see quite clear bullish development from Elliott Wave perspective.

As you can see, Cable made only a three-wave A-B-C decline since June 2021 highs, nicely connected within channel range and with equality measurement of waves A=C. It clearly indicates for a higher degree wave IV correction, especially after recent sharp and impulsive reversal from 1.3160 lows and back above channel resistance line that confirms lows is in place.

So generally speaking, we remain bullish on GBPUSD while the price is above 1.3160 invalidation level, especially if breaks above 1.3850 region, just be aware of short-term pullbacks before a continuation higher, because US dollar index is still looking higher.

Trade well!
 

Elliott Wave Analysis: Cable Is Back To Bullish Mode by ew-forecast on TradingView.com



Elliott Wave Analysis: USDMXN Remains Bearish

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Jan 10 2022

Hello traders!

Today we will talk about USDMXN pair, in which we see quite clear bearish pattern from Elliott wave perspective.

Looking at the daily chart , we can see a nice three-wave W-X-Y corrective rally within a higher degree wave (IV) and correction looks to be completed after recent sharp decline, which looks to be unfolding five waves down from the highs in the 4-hour chart.

Five waves down from the highs indicate that market found the resistance and it's turning back to bearish mode, ideally back to lows for a higher degree wave (V). So, watch out for more weakness in the first half of 2022, we will just have to be aware of short-term a-b-c corrective pullback within downtrend.

The main reason for a potential pullback within an a-b-c corrective recovery could be strong resistance on Crude oil , so if Crude suddenly slips following stock market sell-off, then USDMXN could face some rally, but probably temporary only with resistance in the 20.75 - 21.35 zone.

Trader well!
 

Elliott Wave Analysis: USDMXN Remains Bearish by ew-forecast on TradingView.com



Elliott Wave Analysis: SILVER Is Nearing Strong 20-19 Support

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Dec 20 2021

Hello traders and investors!

We want to update our silver chart from October 26th, where we are still tracking a bigger A-B-C irregular/expanded flat correction and wave C seems to be still in progress, ideally as an ending diagonal ( wedge ) pattern.

The ending diagonal a.k.a. wedge pattern is a special type of wave that occurs in wave 5 of an impulse, or wave C of a correction. This wave often occurs when the preceding move of the trend has gone too far, too fast, and has run out of steam. An ending diagonal pattern is a type of pattern that can occur at the completion of a strong move. It reflects a “calming” of the market sentiment such that price still moves generally in the direction of the larger move, but not strongly enough to produce an impulsive wave. Ending diagonals consist of five waves, labeled 1-2-3-4-5, where each wave subdivides into three legs. Waves 1 and 4 overlaps in price, while wave 3 can not be the shortest amongst waves 1, 3, and 5.

As you can see, silver can be now trading in wave "v" of C, which should be completed in three legs (a)-(b)-(c), so we assume that silver could find the support at the beginning of 2022, ideally around 50%-61,8% Fibonacci retracement and 20-19 area.

Trade well!
 

Elliott Wave Analysis: SILVER Is Nearing Strong 20-19 Support by ew-forecast on TradingView.com



Surfing the Waves December 17 2021 - Video Update

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December 17 2021

Hey traders!

Below is new video analysis for EURUSD, AUDUSD, USDJPY, GOLD and CRUDE OIL sponsored by Orbex.com
 



Surfing the Waves December 14 2021 - Video Update

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December 14 2021

Hey traders!

Below is new video analysis for AUDUSD, SILVER, S&P500, CRUDE OIL, USDMXN and EURGBP sponsored by Orbex.com
 



Surfing the Waves December 08 2021 - Video Update

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December 08 2021

Hey traders!

Below is new video analysis for AUDUSD, GOLD, S&P500, CRUDE OIL and USDJPY sponsored by Orbex.com
 



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