BAC shows impulsive structure from December 2019 high, favoring more downside. This article and video look at the Elliottwave path.

We at Elliottwave-Foreast.com use a lot of market correlation to derive our forecasts alongside other tools that we use. In this article, we would look at a recent example of Market correlation used in our forecasts and how a Stock Market from Asia (Hangseng) kept us on the right side in US Indices by calling […]

In this blog, we are going to take a look at the Elliottwave chart of NASDAQ.  Based on the daily chart shown below, NASDAQ has ended the rally from 2009 low at 9760.61 high.  The index is now correcting that cycle.  The correction is unfolding as a double three and has an incomplete sequence.  The […]

Nike (Ticker: NKE) shows an incomplete sequence from January 22, 2020 high suggesting further downside is likely. The decline from January 22 high is unfolding as a double three Elliott Wave structure where wave ((W)) ended at 85.15 and wave ((X)) ended at 94.98. The stock has resumed lower within wave ((Y)) and the internal […]