IBM Elliott Wave Analysis-Unraveling the Recovery Ahead

by elliottwave-forecast.com | May 9, 2024 4:31 pm
IBM, founded in 1911, is a global technology leader known for pioneering innovations in computing. From tabulating machines to AI and quantum computing, IBM has consistently shaped the tech landscape, providing cutting-edge solutions for businesses worldwide. IBM...

Bitcoin Extends Pullback, But Longer-Term Uptrend Remains Intact

by ForexCycle.com | May 9, 2024 11:24 am
The BTCUSD cryptocurrency pair has extended its pullback from the 73,830 high, falling as low as 56,434 in recent trading sessions. Further near-term losses toward the 52,000 area appear possible as the correction unfolds. Consolidation Within Uptrend...

British Pound Breaks Key Trendline Support Against US Dollar

by ForexCycle.com | May 9, 2024 3:36 am
The GBPUSD currency pair has broken below the rising trendline support visible on the 4-hour chart. This technical breakdown suggests that the recent upside move from the 1.2299 low has likely completed at the 1.2633 high. Deeper...

US Dollar Extends Rally Against Japanese Yen

by ForexCycle.com | May 9, 2024 2:44 am
The USDJPY currency pair has extended its impressive upside move, rallying from the 151.86 low to a high of 155.69 in recent trading sessions. The bullish momentum shows no signs of letting up just yet. Further Upside...

Watch now (free): The Elliott Wave Crash Course

by ForexCycle.com | May 8, 2024 10:33 pm
It’s always a good idea to get a refresher on the basics of Elliott wave analysis. With that in mind, our friends at Elliott Wave International have just released 3 videos that teach you the Why, What and How of wave...

BTCUSD (Bitcoin) Makes New All Time High. What’s Next?

by elliottwave-forecast.com | May 8, 2024 3:33 pm
BTCUSD (Bitcoin) has been in a strong uptrend since November 2022. The previous all-time peak was seen on November 8, 2021 and was broken in March 2024 when Bitcoin made a new all-time high at 73794 on...

Toncoin $TON Daily Cycle Favors More Upside Toward $10

by elliottwave-forecast.com | May 8, 2024 3:07 pm
Toncoin $TON is the native cryptocurrency of The Open Network blockchain (previously Telegram Open Network). It is used for network operations, transactions, games or collectibles. In today’s article, we’ll dive into the daily Elliott Wave structure taking place...

Elliott Wave Analysis on Dow Futures (YM) Favors Upside

by elliottwave-forecast.com | May 8, 2024 2:27 pm
Short Term Elliott Wave View in Dow Futures (YM) suggests the Index ended wave (4) correction at 37473. The Index has now turned higher in wave (5). However, it still needs to break above the previous wave...

Nasdaq 100 Bounce Faces Key Technical Test

by ForexCycle.com | May 8, 2024 11:36 am
The Nasdaq 100 index (NAS100) has staged an impressive bounce from the 16,973 low, rallying as high as 18,170 in recent trading sessions. However, this upside move is likely a corrective bounce within the broader downtrend from...