Biotech ETF (XBI) Rallied from the Blue Box Hitting Target

by elliottwave-forecast.com | July 22, 2024 7:55 pm
The SPDR S&P Biotech ETF (XBI) is an exchange-traded fund that tracks the biotechnology segment of the S&P Total Market Index. This ETF allows investors to gain exposure to large, mid, and small-cap biotech stocks. If you’re interested in...

Want to Learn How to “Read” a Price Chart? Start Here

by ForexCycle.com | July 21, 2024 12:50 pm
By Elliott Wave International Some investors who are fans of technical analysis may not realize that another way to look at many classic chart patterns — for example, Head and Shoulders — is to describe them in...

Shrapnel (SHRAP) Enters Final Daily Correction Phase

by elliottwave-forecast.com | July 19, 2024 5:23 pm
SHRAP is a cryptocurrency associated with the blockchain-based game Shrapnel, developed by gaming company Neon Machine nad it aims to create an intensely competitive AAA extraction shooter game. In today’s bog, we’ll explain the daily Elliott Wave structure taking place...

What You Can Learn from Europe’s “Dow Theory”-esque Non-confirmation

by ForexCycle.com | July 18, 2024 11:35 pm
By Brian Whitmer | European Financial Forecast editor Charles Dow (yes, the one with the averages named after him) developed a foundational concept in technical analysis that requires that price movement in industrial stocks and transportation shares confirm one...

USDCHF Elliott Wave Analysis Favors Selling Bounces

by elliottwave-forecast.com | July 18, 2024 6:33 pm
Hello traders, welcome to a new blog post. Today, we will discuss the future path for the USDCHF currency pair. The recent breakout confirmed the bearish bias we shared with members of Elliottwave-Forecast. So, what is next...

Platinum (PL) Looking to Extend Higher

by elliottwave-forecast.com | July 17, 2024 6:06 pm
Platinum (PL) is still looking to resume the next bullish cycle. The metal still needs to break above 1348.2 to confirm that the next leg higher has started. Below we updated the Monthly and Daily Elliott Wave...

Elliott Wave Intraday: Gold (XAUUSD) Breaks to New All-Time High

by elliottwave-forecast.com | July 17, 2024 5:22 pm
Gold (XAUUSD) has made a new all-time high which confirms the right side remains bullish in the near future. Cycle from 6.7.2024 low is currently in progress as a 5 waves impulse. Up from 6.7.2024 low, wave...