Indices Technical Analysis with Elliott Wave Analysis

  • July 17, 2017

Technical Analysis of Bearish Elliott – USDJPY – 24 Apr 2015 – 03:45

  • Table of Specifications

    • Trading Pattern: Bearish Elliott Waves
    • Predicted Trend Direction: Bullish
    • Symbol: USDJPY (US Dollar Japans Yen)
    • Entry Price: 119.528
    • Take Profits: 119.621 and 119.714
    • Take Profits (pips): 9 and 19 pips
    • Stop Loss: 119.435
    • Stop Loss (pips): 9
    • Price of reversal spot on 5th wave: 119.436
    • Starting Time of Formation: 23 Apr 2015 at 14:15
    • Time to completion(TTC): 2 candles
    • Number of Candlesticks on complete pattern: 59
    • Length of 1st wave: 15 pips
    • Length of 3rd wave: 61 pips
    • Length of 5th wave: 22 pips
    • Return percentage of 2nd wave on Fibonacci of 1st wave: 68.9
    • Return percentage of 4th wave on Fibonacci of 3rd wave: 37.9
    • Confirmation: by Signal Line in MACD Oscillator
    • Oscillator value: -0.038
    • Time-Frame: 15-Minute
    • Time: 03:45 (Based on FXPro server)
    • Date: 24 Apr 2015
    • Expiration: 8 candles
    • Strength: 67

Description of Bearish Elliott Waves

Starting point of given Elliott Wave pattern is on 120.083 on 23 Apr 2015 at 14:15 and price proceeded to 119.935 at 16:00 to form 1st wave. Then it went up to 120.037 at 16:30 to develop 2nd wave. 3rd wave was formed after price declined to 119.423 at 21:45 Bouncing back toward up developed 4th wave on 119.656 at 01:30 followed by another declivity to 119.436 at 03:45 that formed 5th wave.

Buy signal is generated after MACD line crossed MACD bars toward bottom with Entry Price 119.528 and two Take Profit prices 119.621 and 119.714 while Stop Loss is 119.435.


Technical Analysis of Bearish Elliott – USDJPY – 24 Apr 2015 – 03:45

Description of given pattern

  • Price of peak on 1st wave of given Bearish Elliott Wave pattern: 119.935
  • Price of peak on 3rd wave of given Bearish Elliott Wave pattern: 119.423
  • Price of peak on 5th wave of given Bearish Elliott Wave pattern: 119.436
  • Length of 1st wave: 15 pips
  • Length of 3rd wave: 61 pips
  • Length of 5th wave: 22 pips

In case that you are searching for end spot of current downward trend or Entry spot for short-term Buy order, you can utilize given Buy signal by applying Risk/Capital management and other confirmations and strategies.


Technical Analysis of Bullish Elliott – XAUUSD – 14 Aug 2015 – 14:00

  • Table of Specifications

    • Trading Pattern: Bullish Elliott Waves
    • Predicted Trend Direction: Bearish
    • Symbol: XAUUSD (Gold)
    • Entry Price: 1118.050
    • Take Profits: 1115.000 and 1111.950
    • Take Profits (pips): 30 and 61 pips
    • Stop Loss: 1121.100
    • Stop Loss (pips): 30
    • Price of reversal spot on 5th wave: 1121
    • Starting Time of Formation: 10 Aug 2015 at 03:00
    • Time to completion(TTC): 2 candles
    • Number of Candlesticks on complete pattern: 104
    • Length of 1st wave: 192 pips
    • Length of 3rd wave: 329 pips
    • Length of 5th wave: 86 pips
    • Return percentage of 2nd wave on Fibonacci of 1st wave: 78.2
    • Return percentage of 4th wave on Fibonacci of 3rd wave: 43.4
    • Confirmation: by Overbuy on Stochastic Oscillator
    • Oscillator value: 4.x
    • Time-Frame: Hourly
    • Time: 14:00 (Based on FXPro server)
    • Date: 14 Aug 2015
    • Expiration: 4 candles
    • Strength: 84

Description of Bullish Elliott Waves

Starting point of given Elliott Wave pattern is on 1089.61 on 10 Aug 2015 at 03:00 and price proceeded to 1108.83 at 18:00 to form 1st wave. Then it went down to 1093.8 at 04:00 to develop 2nd wave. 3rd wave was formed after price increased to 1126.67 at 04:00 Bouncing back toward bottom developed 4th wave on 1112.41 at 05:00 followed by another acclivity to 1121 at 14:00 that formed 5th wave.

Buy signal is generated after Stochastic line crossed level 80 toward bottom with value 4.x, Entry Price 1118.050 and two Take Profit prices 1115.000 and 1111.950 while Stop Loss is 1121.100.


Technical Analysis of Bullish Elliott – XAUUSD – 14 Aug 2015 – 14:00

Description of given pattern

  • Price of peak on 1st wave of given Bullish Elliott Wave pattern: 1108.83
  • Price of peak on 3rd wave of given Bullish Elliott Wave pattern: 1126.67
  • Price of peak on 5th wave of given Bullish Elliott Wave pattern: 1121
  • Length of 1st wave: 192 pips
  • Length of 3rd wave: 329 pips
  • Length of 5th wave: 86 pips

In case that you are searching for end spot of current upward trend or Entry spot for short-term Sell order, you can utilize given Sell signal by applying Risk/Capital management and other confirmations and strategies.

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