Elliott Wave Review For Crude OIL And S&P500


Ideally crude oil accomplished corrective rally for wave (b at 102.88 after recent five wave decline to 100.80. There are some other alternate counts also possible (wave b) flat) for a re-test of 103.00 area, but in either case the structure is calling for $100 in this week, while 105.22 high from last week remains in place.
Crude Oil (Apr 2014) 1h Elliott Wave Analysis

crude oil elliott wave

The S&P500 is at all time highs and based on the latest structure on the intraday charts we will see a move back to the highs. The reason is a three wave decline that is considered as corrective move, now completed after rally out of a downward channel. 1900 remains attractive level it seems, but very important psychological level that may turn into a resistance in days ahead.
S&P500 (Mar 2014) 1h Elliott Wave Analysis

spx elliott wave

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Gregor Horvat first made his name in Slovenia and has become world famous in the forex market since 2003. He is both a trader and a technical analyst who offers trading strategies on the Fibonacci and Elliot Wave principle. His main focus is on currency pairs, U.S. stock market, gold and oil. Gregor Horvat found the forex service offered on http://www.ew-forecast.com/. This website provides traders technical analysis, while putting emphasis on behavioral patterns. These are derived from the Elliott Wave Principle (EWP). Traders who are interested in the entry and exit positions, and he probability of the former and latter follow the EWP on a regular basis.