USDJPY has turned sharply lower from the projected 5th-wave target area, potentially driven by suspected BoJ intervention. This development increases the likelihood of further downside. If bearish momentum strengthens, price could extend significantly lower, opening the door for a deeper decline. USDJPY has now completed a clear five-wave decline from the highs, which confirms that […]
Back on June 25, we noted that EUR/GBP remained within a broader bearish structure, with downside pressure still dominant despite intermittent corrective moves. Price action has since continued to develop in line with that outlook. CHECK IT HERE EUR/GBP is now resuming lower within the projected wave “iii” and appears to be unfolding subwave (iii) […]
GBPAUD appears to be still developing a higher degree wave 4 corrective structure within the current bearish cycle. Price action is likely forming a three-wave corrective pullback within subwave (b), with potential for a retracement toward the 1.9055 support area. This zone may act as a temporary reaction level before the market attempts another upward […]
As discussed back on June 09, Johnson & Johnson was expected to continue higher after completing a complex wave 4 correction. That scenario played out, with price pushing back to all-time highs. CHECK IT HERE A projected wave 5 now appears to be in progress, with further upside potential as a lower-degree five-wave bullish impulse […]
McDonald’s(MCD) is seeing a pretty aggressive sell-off, and notice that price is accelerating after breaking below the trendline of the higher degree diagonal. This suggests bearish momentum is picking up, and weakness could continue after any rebound. We are likely in extended wave A, with five waves down underway, after the recent drop from wave […]
On this Elliott Wave analysis page we share some selective Elliott wave free charts and quick market updates and Elliott wave videos that might be important based on particular global market events that are happening right now. All our Elliott wave charts published on this page can be interesting for…
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