S&P 500 is making a very nice move to the upside, with price trading at new highs after the perfect rebound following the ending diagonal back at the end of March. Since then, we have seen higher highs and higher swing lows without overlaps in the middle of the move, which clearly points to an […]
Stellar (XLMUSD) has been trading sideways for the past eight years, which appears to represent a large-scale consolidation within a bullish ABCDE triangle pattern as part of wave IV, before a potential continuation of the broader uptrend into wave V. Such triangle structures are typically terminal corrective formations that resolve in the direction of the […]
Ethereum is breaking lower again after failing to hold above the rising support line, which suggests that the wave 4 recovery may already be completed. The recent rebound was overlapping and corrective in nature, so the latest selloff could be the beginning of a new bearish wave 5 decline toward the 1300 support area. From […]
McDonald’s 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, and breaking 290 to 283 support area, […]
ECB’s Schnabel: ECB should hike in June even if there’s peace deal. So one one side hawkish ECB, on the other side “if peace deal is achieved” then CHF can turn down too, especially with “neutral/dovish SNB views.. Looking at EURCHF came down to an interesting area.
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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