Elliott Wave Analysis of Goldman Sachs (GS)

With the new high, its now possible to count a 5 wave move from the Jun lows. So if you are still long this stock you may want to consider lifting stops around at 240.00 to protect any gains you have.

From the last post I made Read More »

Elliott Wave Analysis of Ensco Plc (ESV)

I highlighted this stock early in Jan 2017 as a potential setup to buy after it completed a 5 wave advance. Fast forward and not only has it put in a 5 wave advance from the Jan 2017 lows, it has also pulled back like we...Read More »

Elliott Wave Analysis of Atwood Oceanic Inc (ATW)

This stock got slammed from its recent earnings, it actually doubled its profits from the quarter before. Personally I think the move was a bit dramatic, but nonetheless the decline actually works out much better for those traders that are patiently waiting in the wings to...Read More »

Elliott Wave Analysis of Morgan Stanley (MS)

Many of the major US financial stocks I am currently tracking have this same look, I currently think its close to ending wave 3 of an impulse wave, so a significant pullback for wave 4 in 3 waves is favored soon, ideally a move towards 38.00...Read More »

Elliott Wave Analysis of Norfolk Southern Corp (NSC)

Since Donald Trump was elected as POTUS we have seen what the media is calling the “Trump rally” or “Trump effect”. No matter how you describe it, the facts are that rail road stocks have been a tear recently, once such stock that I am tracking...Read More »

Elliott Wave Analysis of Walt Disney Co

The rally from the lows in Oct 2016 counts well enough as an impulse wave (5 waves). Furthermore, when we look at the move in context to the move that started from the Feb 2016 lows, we can also count this recent 5 wave rally as...Read More »


Thats one impressive trend, but like all good trends they eventually come to an end. Counting from the 2008 lows I am working the idea this stock is tracing out an impulse wave, currently it appears to be in wave 5, and a closer inspection suggests...Read More »

Elliott Wave Analysis of SPDR S&P Insurance ETF (KIE)

I have been tracking this ETF along with a couple more ETFS such as KBE and KRE, they essentially have the same look from the Feb 2016 lows, along with many other US banking stocks such as CMA, BAC, JPM, PRU, USB to name a few. The...Read More »

Elliott Wave Analysis of USDTRY (Update)

In the last post we were looking for a spike to new highs  http://www.wavepatterntraders.com/elliott-wave-analysis-of-usdtry-2/  Back then I felt that wave [5] need not look completed. Fast forward we now have that new high and a possible 5 wave advance from the triangle. What that simply...Read More »

Elliott Wave Analysis of American Airlines Group (AAL)

There could be a short term opportunity for aggressive traders if buyers support this stock around $45.60 – 44.00. From the Jun 2016 lows it could be involved in an impulse wave, so the current decline is a 4th wave pullback, a common target is the...Read More »

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