WaveTrack International

Elliott Wave Financial Price Forecasting

GDXJ-Junior Gold Miners – ZIG ZAG PERFECTION

by WaveTrack International| May 26, 2017 | No Comments

GDXJ Junior Gold Miners - 120 mins.

GDXJ Junior Gold Miners – 120 mins.

GDXJ-Junior Gold Miners ZIG ZAG PERFECTION! – GDXJ ENDS CORRECTION INTO $29.33 LOW

Towards the end of last February, the 27th to be exact, we posted an update of the GDXJ-Junior Gold Miners ETF showing how it had just ended a strong 5-wave impulse upswing at $43.01 from December’s low. This was providing confirmation of upside continuity in the future. In fact, this initial five wave impulse was simply the beginning of a much larger, multi-year uptrend – a 1st wave.

But before that can continue, in compliance with Universal Law, action must be followed by reaction. In the GDXJ’s case, a counter-trend decline must begin to unfold. R.N. Elliott’s guideline is that a correction commonly returns to the area of ‘fourth wave preceding degree’ which is around the $36.08 area – see chart. Whilst corrections can end into this minimum area, they can also extend beyond, or lower. This all depends on the depth of the preceding fourth wave in relation to the fifth and the labelling of the preceding impulse.

In this specific case, the GDXJ was beginning a correction as a 2nd wave. Yet, 2nd waves are notorious for unfolding far deeper than simply levels at fourth wave preceding degree. Anticipating such declines are really dependent on how the initial stage of the correction unfolds. If declining into a five wave pattern as it did to $32.66, then we already know that another deeper part of this correction is taking place, eventually taking the form of a 5-3-5 zig zag.

Why Fib-Price-Ratios are the key to forecast termination levels for Zig Zag Patterns

This is where fib-price-ratios are crucial in measuring the termination level of the zig zag. There are various ways to accomplish this but one of the most common ratios is well-known – where waves ‘a’ and ‘c’ measure to quality, or by a fib. 100% correlative ratio. As you can see from the chart, this was zig zag perfection because this ratio projected a terminal low to $29.29+/- with the actual low coming-in at $29.33!

The $29.33 low as this 2nd wave was also testing the fib. 85.4% retracement of its 1st wave predecessor [100-14.58 = 85.4]. When pattern meets fib-price-ratios and prices respond by trading higher afterwards, it confirms a ‘reversal-signature’ or a trend reversal. And so in terms of probability, this set-up is about as good as it gets – risk-reward is excellent basis negation below 29.33 – the prevailing, dominant uptrend is expected to resume higher now.

Learn how to take advantage of WaveTrack’s Fibonacci-Price-Ratios!

Watch WaveTrack’s Fib-Price-Ratio videos on youtube to see how these measurements can be applied. These videos are gems of know-how for those who have eyes to see! WaveTrack’s first Elliott Wave Academy video

Keep tuned for more updates!

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APPLE INC. – Hold or Sell? Learn more why Fib-Price-Ratios might be the key!

by WaveTrack International| May 22, 2017 | No Comments

Apple Inc. (APPL) has outperformed over the last year. And only last week, the stock price for Apple reached a record high at 156.65. Apple’s share price is now moving ever so close to our last May’s upside target of 157.23+/-. In May 2016 the price was still trading at 96.43 representing a gain of +62.44% per cent.

But does the fact that prices have traded into fib-price-ratio upside targets mean the five wave expanding-impulse pattern that originated from the April ’13 low of 55.01 has already completed primary wave 5?

The answer is no.

APPLE INC. - Elliott Wave Forecast 24th May 2016

APPLE INC. (AAPL) – Forecast 24th May 2016

If you take a closer look at intermediate wave (5)’s advance from the May ’16 low of 89.47, you’ll notice only a three wave subdivision within the advance to last week’s high. Yes, a smaller fourth wave retracement would necessitate a shorter-term decline continuing in the weeks ahead. This would indicate that the next price development will probably go down towards the fib. 23.6% retracement area at 142.24 or 38.2% to 132.75 but afterwards, a fifth wave advance to higher-highs! Aren’t Fibonacci price ratios amazing?

APPLE INC. - Result! 22nd May 2017 - 1 year later!

APPLE INC. – Result! 22nd May 2017 – 1 year later!

Apple Inc. – Forecast May 2016 and phenomenal Result in May 2017!

APPLE INC. - Elliott Wave Forecast 2016 - RESULT! 2017

APPLE INC. – Forecast 2016 – RESULT! 2017

Compare the charts again – it is easy to recognise that the Elliott Wave forecast for Apple Inc. is yet another example reason why you should find out more about Fib-Price-Ratios! Ready?

Learn how to take advantage of WaveTrack’s Fibonacci-Price-Ratios!

Watch WaveTrack’s Fib-Price-Ratio videos on youtube to see how these measurements can be applied. These videos are gems of know-how for those who have eyes to see! WaveTrack’s first Elliott Wave Academy video

Keep tuned for more updates!

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Reversal-Signature and Price-Rejection – The Golden Rule

by WaveTrack International| May 5, 2017 | 2 Comments

Many of our clients asked us over the years how WaveTrack defines a ‘reversal-signature’? And, when do we know that a ‘price-rejection’ takes place? As this is indeed a crucial factor in understanding the ‘golden rule’ of Elliott Wave trading we wrote this short excerpt to give you a quick insight on this important topic.

In short, a ‘reversal-signature’ follows the initial ‘price-rejection’ from a pre-determined fib-price-ratio measurement target level.

Reversal-Signature Measurements

The reversal-signature commonly consists of a 12-15% swing in the opposite direction as measured from the beginning of the preceding pattern. For example (see fig #1) the decline for the S&P began from 1370.58 with downside projection to 1074.82…total 295 points…

S&P 500 - Reversal-Signature

S&P 500 – Reversal-Signature

The price-rejection occurred at 1074.77 (see fig #2). This takes a 15% value of 295 points (44 points plus 1074 = 1118.00). As a result, an attempt to this level would be indicative of a reversal-signature.

Furthermore, this would be corroborated if a preceding high would be broken, and/or the upswing develops into a five wave sequence. However, the 12-15% levels are a guideline only though but they can be accompanied with more conventional reversal patterns such as – key reversal, closing reversal, island reversal plus more from the candlestick charts such as ‘bullish-engulfing’, bullish-hammer’, ‘morning star’ etc.

S&P 500 - Price-Rejection

S&P 500 – Price-Rejection

But the ‘golden rule’ is to await price-rejection then a reversal-signature before taking a position in the opposite direction. If you are neutral heading into a transition/reversal point, ensure you see some form of price rejection at or close to the pre-determined price area. This increases the probability that the pattern identified is correct. So that as a result your trading position can be adequately protected beyond the price extremity that ended the pattern.

Here are more examples on the topic of ‘Reversal-Signatures’ and ‘Price-Rejections’ (see links):

Flash Crash (see fig #4)
Gold-Silver News Alert

Learn more how to determine Fibonacci-Price-Ratios to prepare for ‘Reversal-Signatures’!

Watch WaveTrack’s Fib-Price-Ratio videos on youtube to see how these measurements can be applied. These videos are gems of know-how for those who have eyes to see! WaveTrack’s first Elliott Wave Academy video

Keep tuned for more updates!

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Platinum-Silver – Positive Correlation – Correction approaching Completion

by WaveTrack International| May 2, 2017 | No Comments

Platinum-Silver Positive Correlation

February’s Correction Approaching Completion

Silver has given back all of the March/April gains! This is somewhat surprising because this advance from $16.83 to $18.66 appears to have unfolded into a five wave expanding-impulse pattern. It neither confers the subsequent decline (as a correction to this preceding upswing now that it has traded below $16.83 to $16.80) – nor can this same five wave impulse be subsumed into the preceding upswing from last December’s low. At least not without bending a few Elliott Wave guidelines!

Yet, had the $16.83-$18.66 advance unfolded into a three wave pattern instead of a five, all would be revealed! The overall corrective pattern from the earlier February high of $18.55 would simply be labelled as an expanding flat (with downside targets towards min. $16.60+/-, $16.46+/- or max. $16.23). This has been derived by extending the initial decline into the March low of $16.83 by either of three fib-price-ratios, 14.58%, 23.6% or 38.2%. But is that the answer?

Platinum-Silver Positive Correlation

A comparative look at Platinum is useful because it holds a high-positive-correlation with silver – see fig #1.

Platinum vs. Silver Bullion - Correlation - Daily

Platinum vs. Silver Bullion – Correlation – Daily

Silver’s corrective decline does not conform to the required 3-3-5 subdivision of an expanding flat from February’s high (more akin to 3-5-5). Yet, platinum seems to offer an explanation! Because it is justifiably unfolding into a more simplified but corresponding zig zag pattern, i.e. 5-3-5 from February’s high. As a result basis fib-price-ratios, its zig zag has further downside potential before completion – see fig #2.

Platinum Bullion - Forecast! - 360 mins.

Platinum Bullion – Forecast! – 360 mins.

If in doubt – Think Pattern

However, this seems to indicate that silver has indeed unfolded into an equivalent expanding flat! Irrespective of subdivision irregularities, the expanding flat is geometrically accurate in its basic form. See fig #3.

Flat - Expanding - Corrective Pattern (c) WaveSearch

Flat – Expanding – Corrective Pattern (c) WaveSearch

How to apply Fibonacci-Price-Ratios?

Watch WaveTrack’s Fib-Price-Ratio videos on youtube to see how these measurements can be applied. These videos are gems of know-how for those who have eyes to see! WaveTrack’s first Elliott Wave Academy video

Keep tuned for more updates!

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Visit us @ www.wavetrack.com

AUD vs USD – Precision Target missed by 1 pip

by WaveTrack International| March 9, 2017 | 2 Comments

AUD vs USD – Fibonacci Trading and Elliott Wave

Fibonacci-Price-Ratios (FPR’s) form an integral part of WaveTrack’s Elliott Wave process of identifying reversals in major markets. We catalogued and archived several hundred examples of how fib-price-ratios. Using these Fibonacci-Ratio measurements in a systematic way will help to identify a pattern’s completion and a subsequent change of direction/trend.

Elliott Wave and Fibonacci-Price-Ratios

Each of R.N. Elliott’s 13 patterns has a short-list of accompanying fib-price-ratios that recur with high frequency. Therefore, using this standard approach requires discipline. But it’s definitely worth the effort in learning them because they provide you with an edge which will improve your trading.

AUD vs USD Forecast Fibonacci Price Ratio Example

Coming back to the AUD vs USD example – the target our Fib-Price-Ratios (FPR’s) gave us was 0.7744+/- a Golden Ratio measurement of 61.8% (see chart).

AUD vs USD - Forecast 25th January 2017 - Result!

AUD vs USD – Forecast 25th January 2017 – Result!

When you work with a precision target projection for the AUD vs USD at 0.7744+/- you can certainly live with the fact that it was missed by 1 pip! The mathematical probability to project targets between 1-3 pips of deviation is infinitesimal – meaning totally impossible! Unless the ratio’s used are in sync with greater mathematical laws. These laws are what WaveTrack has studied in the last 30 years. They are more than fascinating!

As a result the AUD vs USD Forecast testifies to the value of fib-price-ratio measurements that, correctly applied, can sharpen the awareness in terms of pattern/price-convergences. Only too often we see that patterns terminate at important fib-price-ratio support/resistance levels. This is an invaluable clue for someone trying to figure out the structure of a pattern. Hence, this is what we call the next level of Elliott Wave!

How to apply Fibonacci-Price-Ratios?

Watch our Fib-Price-Ratio video to see how these measurements are applied. These videos are gems of know-how for those who have eyes to see! WaveTrack’s first Elliott Wave Academy video

Keep tuned for more updates!

Ensure you’re tracking our forecasts – subscribe online for the EW-COMPASS REPORT.

Visit us @ www.wavetrack.com

USD/JPY – Hits Corrective Downside Target within 3 Pips!

by WaveTrack International| March 2, 2017 | No Comments

US$/JPY – Hits USD/JPY - Corrective Downside Target within 3 Pips! – How was this Possible?

US$/JPY – Hits USD/JPY – Corrective Downside Target within 3 Pips! – How was this Possible?

USD/JPY – FOREX SPOTLIGHT

How is this possible?

Click here to Watch WaveTrack’s latest FIBONACCI PRICE RATIO TUTORIAL

1)	US$/JPY – Hits Corrective Downside Target within 3 Pips! – How was this Possible?

1) US$/JPY – Hits Corrective Downside Target within 3 Pips! – How was this Possible?

ANSWER – USD/JPY Fibonacci Perfection!

3 Wave Zig Zag 114.95-111.69 – Resumes Uptrend

USD/YEN Answer - Fibonacci Perfection! 3 Wave Zig Zag 114.95-111.69 – Resumes Uptrend

Answer – Fibonacci USD/JPY – Perfection! 3 Wave Zig Zag 114.95-111.69 – Resumes Uptrend

Click here to Watch WaveTrack’s latest FIBONACCI PRICE RATIO TUTORIAL

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SP500 – Successful Cycle Forecasts

by WaveTrack International| February 21, 2017 | No Comments

SP500 - Cycle forecast and Result!

SP500 – Cycle forecast and Result!

S&P 500 – Happy Anniversary

S&P 500 Forecast from last year’s reports! January/February 2016

This exact time last year, our analysis for the benchmark SP500 forecast January 2016 to begin with a significant decline that was due to extend a multi-month, double-digit percentage correction (that began from the May ’15 high). Our proprietary daily composite cycle seemed to confirm this indicating a sharp decline ahead, lasting throughout January and into an important low due in February ’16 – see fig #1.

As we now know, that proved correct with the S&P 500 declining from 2038.00 down to the Feb. 11th low at 1810.10. Soon afterwards, we issued a major buy signal dt. February 17th ’16 that forecast the beginning of a new uptrend that would ultimately break levels into new record highs – see fig #2.

S&P 500 - Forecast 2016 and Result Now!

S&P 500 – Forecast 2016 and Result Now!

Original upside targets for intermediate wave (3) were towards 2239.02+/- but basis EW-Pattern development, current upside targets are much higher now!

The composite cycle looked like this last November (2016) ahead of the U.S. Presidential election – see fig #3. It successfully indicated the S&P 500 was again forming the completion of a corrective decline with trend preparing to resume its upward trend again.

SP500 - Composite Cycle in November 2016 ahead fo Trump Election Win!

SP500 – Composite Cycle in November 2016 ahead fo Trump Election Win!

Composite Cycle Update for the SP500 to be published in the EW-Compass Report – late Feb./early March 2017

We’ll be updating this composite cycle in this week’s report as we expect more important changes coming through into late-February/early March!

In the meantime, watch/listen to Peter Goodburn’s forecasts from this period last year. In his interview with Dale J. Pinkert of FXStreet.com, Peter expands on his forecasts for the S&P 500 approaching a major low plus some other insights on currencies and commodities.

FX STREET INTERVIEW – with Dale Pinkert – 14th January 2016

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S&P500 – Don’t Get Distracted! Uptrend Intact!

by WaveTrack International| January 26, 2017 | No Comments

Elliott Wave Confirms Continued Gains

S&P500 - Forecast 4th January - RESULT! 25th January 2017

S&P500 – Forecast 4th January – RESULT! 25th January 2017

Don’t Get Distracted! Uptrend Intact!

Despite negative press over the weekend with commentators and analysts warning the ‘Trump-trade’ had ended with stock markets heading for sizable declines, Elliott Wave analysis has again cut through the preconception ‘noise’ with a very bullish ‘call’ earlier this month.

December’s decline was always expected to unfold as a ‘counter-trend’ sequence within the more dominant uptrend as the S&P500 proved when the sell-off unfolded into a double zig zag pattern ending year-end at 2228.00 (futures). Yesterday’s activity (Tuesday Jan.24th) confirmed the prevailing uptrend with a break into new record highs.

We expect much more from this in the weeks ahead!

MORE ELLIOTT WAVE INSIGHTS – to STOCK INDICES, COMMODITIES and CURRENCIES are published in WaveTrack’s latest VIDEO SERIES

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    Currencies (FX) and Interest Rates Video Update!

    by WaveTrack International| January 25, 2017 | No Comments

    Currencies (Forex) ‘8-YEAR US$ DOLLAR CYLCLE’ 2017

    Currencies (FX) ‘8-YEAR US$ DOLLAR CYLCLE’ 2017

    ‘8-YEAR US$ DOLLAR CYLCLE’ completion in 2017!

    During the last year, we’ve highlighted the fact that a 15.6-year US$ dollar cycle is approaching completion. Cycles measure peak-to-peak, trough-to-trough with the mid-point creating a 7.8-year trough-to-peak rise for the dollar since early-2008. This next major cycle-peak is a little overdue, but one thing is clear, it’s closing in on completion right now!

    Elliott Wave analysis of this 8-year dollar upswing is confirming the advance as ending a counter-trend pattern. Furthermore, the typical Fibonacci-Price-Ratio measurements for this corrective pattern fit perfectly into the current price levels. Together, these three aspects offer a compelling case for the US$ dollar’s reversal anytime into Q1’17.

    Over the last few years, upside targets to complete the dollar’s counter-trend advance haven’t changed at all, and looking that far ahead, we often wondered what catalyst or trigger would eventually turn the tide. Now we know! – U.S. President D. Trump is manoeuvring to reverse the previous administration’s strong dollar policy.

    This came as quite a surprise for mainstream investment bank economists. Their 2017 annual forecasts had already opined a strong US$ dollar outlook for most of the year and even beyond on the premise that inflation was returning and this would propel U.S. interest rates higher. Even Federal Reserve Chairwoman Janet Yellen is hinting about incremental Fed Funds increases this year, so why not (linearly) extrapolate a stronger U.S. dollar?

    The problem comes if Trump manages to reverse the dollar policy because analysts place the dollar and interest rates into a positive correlation. But the market often forgets history! In the early-1970’s, the de-pegging of the US$/gold relationship brought an end to the Bretton woods currency (fix) system and with it, a declining US$ dollar over the next decade whilst interest rates ran exponentially higher. That same era or cycle is about to emerge again, as illustrated from analysing both the US$ dollar and U.S. interest rates in this latest Elliott Wave & Cycle analysis.

    This latest installment of WaveTrack International’s three part VIDEO SERIES takes an in-depth look at how these Elliott Wave patterns and cycles translate across most of the major currencies & interest rates of the world – PART III, CURRENCIES & INTEREST RATES – 2017 & BEYOND.

    Our latest Video/Report analyses over 52 charts and cycles highlighting major trends, reversal levels together with Fibonacci-Price-Ratio projection levels of the major currency pairs/crosses and interest rates of the U.S., Europe and Japan. Don’t hesitate – this is the most thoroughly researched, accurate ELLIOTT WAVE ANALYSIS on the planet. We’ll be taking a look at currency trends over a 50+ year period and projecting these trends into the future – and if you want to see what U.S. interest rates look like over a period of 250+ years, then this latest ANNUAL 2017 ELLIOTT WAVE PRICE-FORECASTS & CYCLE PROJECTIONS will tell you.

    • US$ index
    • Euro/US$
    • Stlg/US$
    • US$/Yen
    • US$/CHF
    • AUD/US$
    • US$/CAD
    • Euro/Stlg
    • Euro/Yen
    • Asian ADXY
    • US$/IDR
    • US$/ZAR
    • US$/BRL
    • US$/RUB
    • US$/CNY
    • U.S. AAA+ Corporate Bond Yield
    • US 30yr Yield
    • US 10yr Yield
    • US 10yr TIPS Break Even Inflation Rate
    • DE 10yr Yield
    • JPY 10yr Yield

    CONTACT US NOW VIA EMAIL – SELECT YOUR PACKAGE

    Single Video – $48.00 – PART III CURRENCIES (FX) with 52 charts (1 hour 50 mins)(Jan. ’17)
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  • Each video runs for at least 1 hour 20 minutes and it’s packed with SPECIFIC Elliott Wave price-forecasts (the Stock Index Video is already 1 hour 50 mins. long!).
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    Dow Jones Completes Correction

    by WaveTrack International| January 20, 2017 | No Comments

    Stock Market Bullish Ahead of Trump’s Presidential Inauguration

    The Dow Jones’ short-term corrective decline that began from December’s high of 19911 (futures) originally unfolded into an expanding flat pattern, ending at 19661 (see previous reports). This has now extended into the next support level measured to 19606+/- prolonging the pattern into a ‘double-three’, i.e. expanding flat-x-zig zag ending into yesterday’s session at 19607 – just 1 point from the fib-price-ratio level.

    Dow Jones - 13th January Forecast and 20th January 2017

    Dow Jones – 13th January Forecast and 20th January 2017

    The Dow Jones is now expected to resume its larger uptrend ahead of D. Trump’s Presidential Inauguration scheduled later today. This is also bullish for all other indices.

    More on this subject in tonight’s Market Report.

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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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