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AUDJPY Correction Has Reached Short Term Support Area - Vimarsana News

AUDJPY Correction Has Reached Short Term Support Area

The short-term Elliott Wave View in the AUDJPY suggests that the cycle from 01 February 2024 low unfolded in an impulse sequence and shows a bullish sequence supporting more upside. Whereas the rally to 96.92 high ended wave (i), a pullback to 96.18 low ended wave (ii). A rally to 97.67 high ended wave (iii) then a pullback to 97.04 low ended wave (iv). Above from there, a rally to 99.05 high ended wave (v) thus ended wave ((i)) in a 5 wave structure.

S&P 500 (SPX) Looking for Further Upside - Vimarsana News

S&P 500 (SPX) Looking for Further Upside

Short term Elliott Wave View in S&P 500 (SPX) suggests that rally to 4793.3 ended wave (3). Pullback in wave (4) is unfolding as a double three Elliott Wave structure. Down from wave (3), wave ((a)) ended at 4752 and wave ((b)) rally ended at 4776.9. Wave (c)) lower ended at 4731.17 which completed wave W in higher degree. Wave X rally ended at 4754.33. Index then resumed lower in wave Y. Down from wave X, wave ((a)) ended at 4704.72, wave ((b)) ended at 4729.29 and wave ((c)) lower ended at 4681.94. This completed wave Y of (4).

EURUSD Short Term Looking for Further Downside - Vimarsana News

EURUSD Short Term Looking for Further Downside

Short term Elliott Wave View suggests $EURUSD ended wave 1 rally at 1.11395. Pair is now doing wave 2 pullback to correct cycle from 10.03.2023 low. Wave 2 subdivides into a zigzag Elliott Wave structure. Zigzag is a 5-3-5 structure with ABC as the label. Wave A and C in zigzag subdivide into 5 waves as the chart of EURUSD shows. Down from wave 1, wave (i) ended at 1.10434 and rally in wave (ii) ended at 1.10808. Pair then resumes lower in wave (iii) towards 1.0892 and wave (iv) rally ended at 1.0972. Final leg down wave (v) ended at 1.0876 which completed the first leg of the zigzag wave ((a)...

NZDUSD Extending Lower in Zigzag Correction - Vimarsana News

NZDUSD Extending Lower in Zigzag Correction

Short term Elliott Wave View in NZDUSD suggests that rally to 0.637 ended wave 1. Pair is now doing wave 2 pullback to correct cycle from 10.26.2023 low. Internal subdivision of wave 2 is unfolding as a zigzag Elliott Wave structure. Down from wave 1, wave (i) ended at 06325 and rally in wave (ii) ended at 0.636. Pair then resumes lower in wave (iii) towards 0.6218 and wave (iv) rally ended at 0.6285. Final leg down wave (v) ended at 0.618 which completed wave ((a)).

Analyzing Litecoin (LTCUSD) Impulsive Surge with Elliott Wave Theory - Vimarsana News

Analyzing Litecoin (LTCUSD) Impulsive Surge with Elliott Wave Theory

Short term Elliott Wave View in Litecoin (LTCUSD) suggests the rally from 3.11.2023 low takes the form of an impulsive Elliott Wave structure. Up from 3.11.2023 low, wave 1 ended at 103.41 and pullback in wave 2 ended at 75.37. The crypto-currency has now rallied higher in wave 3. Up from wave 2, wave (i) ended at 82.07 and pullback in wave (ii) ended at 77.17. Internal subdivision of wave (ii) unfolded as a zigzag where wave a ended at 77.33, wave b ended at 81.95, and wave c lower ended at 77.17. This completed wave (ii) in higher degree. Up from there, wave i ended at 81 and pullback in wav...