Elliott Wave technical analysis with trading signals

Elliott Wave technical analysis with trading signals for Gold, WTI Oil, SPX, NASDAQ, DJIA

 

NASDAQ

We have a break below 13800, and 5 waves upside is finished. Nasdaq is now in the third wave of the five waves down. This count is valid as long the NASDAQ is below 13000. We have a confirmation break below 13000 and we are expecting a downside extension in the third wave below 12000 after this pullback into downside support which we have now. Below 12000 expecting acceleration lower to 10000.
 

NASDAQ Elliottwave analysis

 

 

 

GOLD

A confirmed break below 1820 will tend to invalidate the upside count. We are waiting for the downside alternative count to trigger as the instrument is unable to extend above 1920. And we have it with a break below 1820 so the five waves downside count is on the way and is being confirmed and validated. We are in the 4th wave pullback which is about to end.

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LEARN ELLIOTT WAVE ANALYSIS IN COMBINATION WITH PRICE ACTION!

 


 

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