Électricité de France S.A. (literally, Electricity of France), commonly known as EDF, is a French multinational electric utility company. The operations include electricity generation and distribution, power plant design, construction and dismantling, energy trading and transport. Founded in 1946 and headquartered in Paris, France, the company is largely owned by the French state. EDF is a part of CAC Next 20 index. Even though the energy stock demonstrates a high attraction like that of E.ON from Germany, the stock price has strongly depreciated in 12,5 years. …

After 9 months, we present here an updated view on the Swiss Market Index (SMI). SMI represents a capitalization-weighted measure of the 20 most significant stocks on the SIX Swiss Exchange in Zurich; the ticker is $SMI. In the initial blog article from November 2020, we were calling the “COVID-19” drop in February-March 2020 to become a significant low in world indices. We were right. Now, SMI is trading at the all-time highs. Here we will discuss the updated monthly but also the more detailed daily views.

SMI Monthly Elliott Wave Analysis 08.01.2021

The monthly chart below shows the SMI index $SMI listed at SIX Swiss…

This blog provides an Elliott Wave update to our previous blog here → Shopify (NYSE: SHOP) Wave V in progress Shopify has extended higher to end wave III as the previous blog suggests. Now it is in wave IV correction and still has chance to extend higher again later.

SHOP Weekly Chart August 2, 2021

Weekly Chart of Shopify above shows that the stock continues to make all-time high and currently looking for wave IV of (V) pullback. Potential target for wave IV is 23.6–50% fibonacci retracement of wave III at 1339–1500. It has currently pulled back to 23.6% Fibonacci retracement but short term can still…

GBPJPY is another pair that has given us nice trading opportunity lately . The pair has been showing impulsive bullish sequences in the cycle from the March 2020 low (124.27). Recently it made clear 3 waves pull back and found buyers as we were expecting . Pull back unfolded as Elliott Wave Double Three Pattern. In this technical blog we’re going to take a quick look at the charts of GBPJPY published in members area of the website and explain the Elliott Wave structure and trading strategy.

Before we take a look at the real market example, let’s explain Elliott…

In this technical blog, we will look at the past performance of Elliott Wave Charts of General Electric stock ticker symbol: $GE, which we presented to members at the elliottwave-forecast. In which, the rally from 13 May 2020 low unfolded in 3 wave structure with extended 3rd wave. Therefore, we knew that the structure is taking a form of an impulse sequence & it should see another new high to complete the 5 waves rally. So, we advised members not to sell it & buy the dips in 3, 7, or 11 swings at the blue box areas. …

Nikkei Futures (NKD) shows a lower low bearish sequence from February 16, 2021 peak. The Index also shows a 5 swing bearish sequence from June 15, 2021 peak. Both of these sequence suggest Nikkei likely see further downside. Below is the chart showing a 5 swing sequence from June 15, 2021 peak.

Nikkei (NKD) 5 Swing Sequence from June peak

The chart above shows a 5 swing sequence from June 15, 2021 peak. Please note this is not an Elliott Wave label, rather it’s just a swing count. A 5 swing is an incomplete sequence as corrective sequence always ends in 3, 7, or 11 swing. We can…

Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of NIKKEI published in members area of the Elliottwave-Forecast . As our members know, NIKKEI is showing lower low sequences in the cycle from the February 16th peak. Recently we got recovery that has unfolded as Elliott Wave Double Three pattern that has given us opportunity to enter short trades. In further text we’re going to explain the forecast and Elliott Wave Pattern and trading strategy.

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

Since the crash of March 2020, all stocks have tried to recover what they lost and JNJ was no exception. Johnson & Johnson did not only recover the lost, but It also reached historic highs. Now, we are going to try to build a wedge from the March 2020 lows with a target above $176.

JNJ Old Daily Chart

In the last chart we can clearly see that after the fall of March 2020, JNJ had a strong and rapid recovery in 3 swings. The wave ((3)) had its highest point at 173.69 where JNJ was rejected by the market. This rejection did another…