Tag Archives: Gregor Horvat

Elliott Wave Analysis On Silver And EURGBP

Gregor Horvat

Silver spiked up to 161.8% Fibonacci extension level of wave 1 measured from wave 2, which is the most important projection for wave 3. Notice that price turned immediately lower after that level was touched earlier, so we can say that price is now in wave 4 pullback which may look for a support once again near 17.60. If from any reason price will go straight down beneath 17.41 then overlap with wave 1 will suggest that top is in place, but temporary only since trend on higher time frames look very bullish. more…

Elliott Wave Analysis On GBPJPY And EURUSD

Gregor Horvat

US trading is about to begin in a few minutes. GBPJPY fell from our indicated levels since we recognized wave B flat pattern. Now we are already in the latest stages of the wave C to lower levels. We expect one more minor corrective pullback in wave C with resistance near 159.90 levels and afterwards a continuation to around 156.80-90 where support for wave C can be found and a possible turning point can occur. more…

German DAX Could Be In A Reversal Into Higher Levels

Gregor Horvat

German DAX has been trading south for the last few weeks but it can be only a temporary weakness if we consider that big trend is up after a three wave drop from April high to September low at 9300. We labeled this as big zigzag that represents A of a complex correction, while bounce to 11418 was wave B. As such, move down from 11411 was wave C as part of a flat correction that can be finished with recent leg up to 9600. That said, be aware of more gains ahead. more…

German DAX : Bullish Reversal May Be In Play

Gregor Horvat

German DAX has been trading south for the last few weeks but it can be only a temporary weakness if we consider that big trend is up after a three wave drop from April high to September low at 9300. We labeled this as big zigzag that represents A of a complex correction, while bounce to 11418 was wave B. As such, move down from 11411 was wave C as part of a flat correction that can be finished with recent leg up to 9600. That said, be aware of more gains ahead. more…

EURUSD : Big Triangle In Progress

Gregor Horvat

EURUSD moved to the upside in the last few weeks, after it finally broke out of a wave B) triangle pattern that we have been tracking it for almost two months. Leg up was very sharp so it was probably an impulsive wave C of wave C-circled that belongs to a big triangle formation. Recent sharp move to the downside from 1.137 is ideally wave A), the first leg of a three wave move of blue wave D-circled, that can find bottom at previous swing lows around 1.07107 and turn higher into wave E-circled. more…

USDCHF Making A Reversal

Gregor Horvat

USDCHF has traced 5 waves up, which we see as the start of a new upside trend from latest lows. This pair touched psychological level 1.000 and found resistance there. Current development we see as a corrective three wave pullback with support around 0.9840 levels, from where we expect to see further continuation to higher levels. more…