WaveTrack International

Elliott Wave Financial Price Forecasting

Commodity Price Turn Ahead? Interview by Gail Fosler

by WaveTrack International| January 27, 2015 | No Comments

NEWS ALERT | INTERVIEW by the Gail Fosler Group

In a recent interview with Peter Goodburn by Gail Fosler important questions were raised
Why could there be a major turn in Commodity markets?
What impact this has for the global economy?
Have central banks adopted policies of fostering inflation?

Read more here http://goo.gl/BqpYbk

STREET TURN COMMODITIES Gail Fosler WaveTrack 440x287 Commodity Price Turn Ahead? Interview by Gail Fosler

Commodities Price Turn ahead?

About the Gail Fosler Group:
Gail D. Fosler is president and economic visionary, The GailFosler Group LLC, a strategic advisory service for global business leaders and public policymakers. The GailFosler Group provides in-depth analysis of economic, financial and public policy issues and creates new concepts and frameworks for business and government leaders to support successful decision making.

Fosler is former president and trustee of The Conference Board, and is a member of The Conference Board’s Global Advisory Council. Fosler served as president of The Conference Board from October 2007 to December 2009. From 1989-2008, she served as chief economist. In 2004, she assumed responsibility as executive vice president for expanding the international presence and operations of The Conference Board. Read more here http://goo.gl/ruXQUD

A huge test for EUR/USD is coming fast!

by m.tamosauskas| January 25, 2015 | No Comments

150125 EURUSD A huge test for EUR/USD is coming fast!150125 EURUSD 440x338 A huge test for EUR/USD is coming fast!

Syriza wins Greek election and EUR/USD tumbles down in the fastest pace since the July ’08 high of 1.6040. However, a seven-year decline is clearly overlapping and every Elliott Wave enthusiast should notice that it is composed of seven price-swings – a common characteristic of a counter-trend sequence. A fib-price-ratio analysis suggests a real test of this decline will come very soon at 1.1065 price level. This is derived by using a fib. 100% equality ratio between the initial three wave decline (1.6040-1.1876) and the secondary three wave decline that began from the May ’11 high of 1.4944. A reversal signature to the upside from this support level would confirm the completion of a double zig zag pattern, labelled A-B-C-X-A-B-C in primary degree. Stay tuned!

ANNOUNCEMENT – PART II – VIDEO LAUNCH for Commodities & Currencies!

by m.tamosauskas| January 22, 2015 | No Comments

Commodities 440x292 ANNOUNCEMENT – PART II – VIDEO LAUNCH for Commodities & Currencies!

The latest edition of the Elliott Wave Compass report has just been released and WaveTrack’s long awaited Commodity and Currency video!
Learn why Commodities & Currencies (PART II) – Commodity declines of the last few years are now approaching important downside targets that complete 3½+/- year corrective patterns that began in early 2011. Copper, Crude Oil and particularly Precious Metals are signalling directional changes that begins the 2nd upswing phase of the ‘Inflation-Pop’ that originally began from the late 2008, early 2009 lows. The US$ dollar has also reached an important upside target that justifies its completion of the entire counter-trend upswing that began from the March ’08 lows. In this latest video, we discuss these current set-ups and how they continue during the next few years:
·         Industrial metals are unfolding into archetypal multi-year zig zag patterns from the 2008/09 lows with the next stage set to begin huge price advances for Copper and Platinum
·         Precious metals have turned the corner last November/December ’14, ending counter-trend declines from the year-2011 highs. Gold and Silver mining stocks have ended expanding flat patterns from the year 2007/08 highs and are set to explode higher during the next few years
·         The US$ dollar enters a period of significant declines – this corroborates the dollar-denominated commodity upsurge that enters the next stage of the ‘Inflation-Pop’.
How do you access this video? Please become an EW-Compass subscriber and log-in to your account at www.wavetrack.com. Open the EW-Compass application and view all the latest price-forecasts online in our purpose-built Elliott Wave software.

Reliance Communications (India)

by m.tamosauskas| January 19, 2015 | No Comments

150119 Reliance Communications 440x338 Reliance Communications (India)

Basis fib-price-ratio analysis, the decline from the Jan.’08 high of 845 to the Aug.’12 low of 47 has unfolded into a single zig zag pattern, labelled (A)-(B)-(C) in intermediate degree. Since the price history for this equity is limited, the following advance may have begun a new bull market with upside targets to record highs or the balancing phase of the preceding decline as wave ‘X’. In both scenarios the mid-term outlook for this equity looks bullish with a high probability of trading above 165 in the months ahead.

Crude Oil | 5 Waves Up! – Confirms Upside Momentum

by WaveTrack International| January 16, 2015 | No Comments

For the first time in several months, Crude Oil has staged a five wave impulse upswing from a residual low, in this case, from the 44.20 level traded last Tuesday. This confirms a meaningful reversal-signature has occurred with upside continuity assured during the next several trading days to next levels at minimum 56.19+/- or max. 65.18+/-.

oil150116 440x340 Crude Oil | 5 Waves Up! – Confirms Upside Momentum

Crude Oil – 10 mins Chart

This five wave pattern has perfect Elliott Wave pattern integrity complying with archetypal guidelines – it subdivides into a 5-3-5-3-5 sequence, wave [ii] two does not break below the origin of wave [i] one, wave [iii] three is the longest of the impulse waves, and wave [v] concludes above the price-extremity of wave [iii] three. Furthermore, geometric fib-price-ratios corroborate the identification of the five wave pattern where minuette wave [i] one is extended by a fib. 161.8% ratio to project the terminal high for wave [v] to 51.27 – this was an exact attempt that stopped any further upside progress, inducing a corrective sell-off to follow.

The Elliott Wave Principle states that the corrective decline cannot break below the origin of the preceding impulse that began from 44.20 and so there is now an excellent risk-reward set-up given prices have already retraced down to 46.07.

EUR vs CHF | Time to let go!

by WaveTrack International| January 15, 2015 | No Comments

The Swiss National Bank (SNB) has just announced it is abandoning the Swiss Franc’s peg to the Euro. This was originally planned over 3-years ago in order to shield the Swiss economy from the Sovereign Debt Crisis in Europe.

In early morning trading, the Euro has plunged lower from levels beforehand at 1.2000 to a low at 0.9608 – see chart. The SNB concluded that “enforcing and maintaining the minimum exchange rate for the Swiss franc against the euro is no longer justified”.

EuroChf150115c 440x340 EUR vs CHF | Time to let go!


The Elliott Wave count describes a long-term triple zig zag decline in downside progress from the October year-1939 highs of 3.499. What you see in this chart is the third and final zig zag sequence beginning from the Oct.’07 high of 1.6828. Cycle wave A ended a five wave impulse decline into the August ’11 low at 1.0068 just prior to the SNB stepping in to begin the weakening of the Swiss Franc. Note the double ‘golden-section’ levels marked with the red phi symbols at the high of intermediate wave (4) and the low of wave (5) – these are standard fib-price-ratio measurements that define the ultimate downside target levels that ended primary wave 5 at 1.0068.

Later, wave B ended counter-trend rallies into the May ’13 high at 1.2650. The gradual decline since has been the precursor to today’s collapse as part of cycle wave C. As we project out for the next few years, ultimate downside targets measure towards 0.7411-0.7329 but this is not expected to be tested until late year-2019.

2015 FORECAST VIDEO has just been released!

by m.tamosauskas| January 12, 2015 | 1 Comment

NEW YORK SKYLINE Outlook  2015 FaceBook 960px 324px 440x206 2015 FORECAST VIDEO has just been released!

Stock Indices (PART I) – Original S&P upside forecasts published October 2009 and updated in July 2012 forecast levels higher by +87% – those numbers are now being tested! In this video, you will discover:

  • how this EW pattern and forecast was constructed
  • why the Elliott Wave count was so accurate and
  • why current levels have reached a decisive crossroad for 2015 and beyond

The next phase of WaveTrack’s ‘Inflation-Pop’ is set to begin for other asset classes, but in this video, you will discover some amazing price-forecasts for U.S., European and Asian stock markets – how they interact and what price levels we can expect to see during the next year and beyond! This video is a ‘must see’ in terms of Elliott Wave because it will slice through mainstream misconceptions and give you a precise guide for what to expect during the next few years – let our Track Record speak for itself!

Subscribe to the Elliott Wave Compass report and view the video absolutely FREE!

P.S. Part II will be published soon – Commodities & Currencies

USD vs YEN | Perfect Fib-Price-Ratio Harmonics!

by WaveTrack International| January 9, 2015 | No Comments

Following Tuesday’s US$/Yen’s reversal-signature from the corrective low at 11806, the larger uptrend developing from the mid-Dec.’14 low of 11556 continues higher. This next sequence of the advance from 11806 ran into short-term resistance during Thursday’s session at 11997 but the overnight sell-off into early trading Friday is again showing itself unfolding into a classical Elliott Wave corrective pattern, in this case, a double zig zag – see chart.

yen150109 440x340 USD vs YEN | Perfect Fib Price Ratio Harmonics!

USD vs YEN | Perfect Fib-Price-Ratio Harmonics!

The double zig zag is labelled (a)-(b)-(c)-(x)-(a)-(b)-(c) and assigned sub-minuette degree according to our proprietary nomenclature, but the important aspect that defines the double zig zag is the initial three price-swings contained in the first zig zag ending at 11938 and then a deep corrective rally as wave (x) that overlaps the initial decline of wave (a). This ensures this pattern as a correction within an established uptrend and not part of a five wave impulse downtrend.

And to confirm the double zig zag pattern, from wave (x)’s high at 11987, another three wave pattern unfolded downwards, ending at 11917. Importantly, fib-price-ratio measurements confirm its completion at 11917 – one of the more common geometric ratios can be used by extending the first (a)-(b)-(c) zig zag to 11938 by a fib. 38.2% ratio – this projects to the exact low at 11917. From this, we can determine that a short-term corrective downswing has ended, with the larger/aggregate uptrend now set to resume.

Nikkei-US$/Yen confirms uptrend

by WaveTrack International| January 6, 2015 | No Comments

It’s no secret that there remains a positive correlation between the Nikkei stock index and the US$/Yen currency pair – see chart. But what is interesting at this time, especially when Crude Oil has again made headline news following another decline and U.S. stock markets like the S&P has given up a good proportion of its gains from the mid-December lows of 1972.53 is the fact that both the Nikkei and the US$/Yen are suggesting an uptrend is in progress.

Going back to the initial decline from the early-December highs, the Nikkei (futures) unfolded into a archetypal corrective 3-wave zig zag pattern from 18205 that ended into that mid-Dec.’14 low at 16525. This pattern is verified by using a simple fib-price-ratio measurement – extending wave [a] of the zig zag to 17155 by a fib. 61.8% ratio projects the low for wave [c] at 16525 (see inset chart, left). The extent and pattern of the

Nikkei USYen 150106 440x338 Nikkei US$/Yen confirms uptrend


next upswing is important for two reasons – first, it has adopted a five wave subdivision (that’s bullish) – second, it breaks the interim high (wave [b] above 17680) of the preceding downswing so as to eliminate a more bearish 1-2-1-2 count from the Dec.’14 high (again, bullish). Next, the more recent decline has unfolded into another 3-wave corrective zig zag pattern that began from 18050 – extending wave (a) by a fib. 61.8% ratio projects downside targets for wave (c) to 16829+/-. This would be the idealised area to complete the correction and set the stage for the next advance to higher highs. Naturally, this bullish scenario would be negated below the mid-Dec.’14 low at 16525.

The US$/Yen has unfolded into an almost identical pattern as compared to the Nikkei (see inset chart, right). A 3-wave corrective zig zag decline unfolded from the early-Dec.’14 high of 12185 ending into the mid-Dec.’14 low at 11556. Extending wave a by a fib. 61.8% ratio projects the low for wave c to 11556 – perfectly! A five wave impulse pattern followed, and again trading above the secondary retracement level of 11956 to eliminate a bearish count from the early-Dec.’14 high. The 12083 high ends the 1st wave in an ongoing five wave advance – a 2nd wave retracement has since begun labelled [a]-[b]-[c]. Extending wave [a] by a fib. 38.2% ratio projects wave [c] to 11812+/- (not quite there yet!). This converges with the fib. 50% retracement level to create hardened support. Should levels test this convergence then stage ‘price-rejection’ and then a ‘reversal signature’, then confirmation of a more sustained upswing will be triggered. This bullish outlook will only be negated below the mid-Dec.’14 low at 11556.

We are currently using these contracts as a ‘proxy’ for the other major stock markets, like the S&P to determine if the current decline from the 2093.55 high is also acting out as a 2nd wave corrective decline. If the Nikkei and US$/Yen patterns have anything to say about it, then we should expect to see an end to the current sell-off sometime during this week.

A Very Merry Christmas & Happy New Year 2015

by WaveTrack International| December 23, 2014 | No Comments

We are pleased that you visit us and would like to take the opportunity to thank you for sharing the enthusiasm for Elliott Wave and R.N. Elliott Nature’s Law. Stay tuned in the New Year 2015 – as a lot of fascinating new insights are waiting for you. Warmest wishes to all of you from WaveTrack International’s Elliott Wave Team.

X mas 2014 JOY III 220x440 A Very Merry Christmas & Happy New Year 2015

Merry Christmas & a Joyous New Year 2015!

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About WTI

WaveTrack International is a financial price forecasting company dedicated to the Elliott Wave principle and work of the R.N. Elliott. Clients include Investment Banks, Pension Funds, Total/Absolute-Return/Hedge Funds, Sovereign Wealth Funds, Corporate and Market-Making/Trading institutions and informed individuals -- & just about anyone who is affected by directional price change.

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