learn more about EW Forecasts

ELLIOTT WAVE ANALYSIS - Latest Market Commentary

Stock Indices

10th April 2021 - Exactly one year ago, sentiment remained very bearish as the world reeled against the backdrop of a coronavirus pandemic. Back then, CNN’s Fear & Greed indicator was at a reading of only 31%, in ‘extreme fear’ territory – today, it’s at the opposite side of the scale, at 81% in ‘extreme greed’ territory. It’s been around ###these levels back in December, and yet the equity advance has continued to push higher, but importantly, without the same velocity of last year’s initial gains. Several other sentiment measures are also in extreme-high territory including Investors Intelligence – also, the latest AAII readings show Bulls jumping 11.1 pts over the last week to 56.9 which is the highest level since early-2018 - Bears fell to the lowest since April 2019 at 20.4. So how should we interpret the indicator now? Firstly, these are ‘contrarian’ indicators … Read full summary in our latest report!

Financial Updates Currencies

Currencies (FX)

10th April 2021 - The US$ dollar index has been declining since the beginning of the month as a 4th wave correction within January’s developing five wave impulse uptrend. Thursday’s low at 92.00 has just about ended this correction with a 5th wave in the early stages of trending higher where ultimate targets are towards 94.24+/-. The Euro/US$### has completed its corresponding 4th wave upswing into Thursday’s high of 1.1928 with a 5th wave decline targeting levels towards 1.1664+/- over the next few weeks. Stlg/US$ which has suddenly been the weakest within the G10-sphere is trending… Read full summary in our latest report!

Financial Updates Bonds

Bonds (Interest Rates)

10th April 2021 - Federal Reserve Chair Jerome Powell made an address to the International Monetary Fund and World Bank meetings on Thursday signalling the central bank is nowhere near to reducing its support for the U.S. economy, noting that an expected rise in prices this year is likely to be temporary, although warning that an uptick### in COVID-19 cases could slow the recovery. That’s hedging your bets! Speaking at a separate event, St. Louis Federal Reserve president James Bullard said the Fed should not even discuss changes in monetary policy until it is clear… Read full summary in our latest report!


10th April 2021 - With the US$ dollar in retreat over the last week, precious metals have been aiming to benefit from the weaker currency, pushing higher as corrective rallies. With the dollar just about ending its 4th wave correction last Thursday, so gold and silver are ending their corresponding corrective patterns too. Gold traded up### to 1758.96 just below 1st wave overlap levels of 1760.15 but then edging lower today (Friday) in confirming the beginning of 5th wave declines – next targets are to lower-lows, towards 1649.00+/-. Silver has just completed an expanding flat correction from last month’s low of 24.41 into Thursday’s high of 25.62 with Friday’s decline to 24.99 triggering a sell-signal, confirming … Read full summary in our latest report!



Bloomberg hosted a Precious Metals Forum on 23rd May and WaveTrack International was invited to present our latest Elliott Wave price-forecasts. The event was sponsored by the CME Group and Johnson Matthey.



  • The 2013 outlook for global stock indices and commodities remains very bullish and is entering the last stage of the ‘inflation-pop’ phase that originally began from the post-financial crisis lows of 2008/09
  • This is expected to ignite another period of asset buying that increases risk-on multiples by a minimum 45% per cent and in some cases as much as +300% per cent, sending some global stock indices and commodities into record highs
  • Shorter-term, there is a danger of a downward adjustment of -5-8% per cent, but then sharp price advances to resume
  • Commodity related stock indices and equities are expected to outperform as a sector during the next 12-16 months
  • Banking stocks to participate, but most will not exceed their pre-financial crisis highs

As always, this year’s Outlook & Forecasts for the next twelve months are created applying the Elliott Wave Principle for the assessment of pattern and price amplitude, also Cycle Analysis for the timing of the larger trend reversals. Not always do they jive, but they seldom contradict and more often, provide valuable insights into one or two variations of a similar theme within a seemingly unlimited amount of possibilities.

Even though this report outlines the price expectancy of all asset classes for 2012 it will also illustrate how this coming year fits together into the larger picture. The reasoning behind this is to move away from the 'black-box' stereotype and show you why the results relate to their specific outcome. Overall, this report deals with two different time-periods – long-term and inter-mediate term. Long-term refers to the uptrends from the Great Depression of 1932 onwards and inter-mediate term for the coming year and into 2013.


What do you see when looking at an Elliott Wave chart? Just lots of numbers & letters overlaying the price data? – or do you see definable patterns that are immediately familiar? And how do you interpret the results of the analysis and put it into an effective trading plan? Read on and test your own knowledge of these subjects and much more...


Recent reports of a Commodity Super-Cycle grabbed my attention for two reasons – first, this is diametrically different to the outlook I foresee developing during the next decade, and second, this terminology has surfaced at a time when various commodities have already undergone large percentage gains measured from the Feb.'09 lows


The primary theme of this presentation focuses on a 'Deflationary' outlook, forecast as the dominant aspect continuing during the next decade. This is derived from analysing the Elliott Wave pattern structure of the CRB (Cash) Index during its expansionary period of the last 76 years.


The Update Alert! messaging service of EW-Forecast Plus responded to the sharp collapse and the following recovery of US stock indices during the volatile trading session on the 6th May.


This analysis centres around the S&P 500 that is used as a proxy for other global indices. The great bull market beginning from the 1932 low ends 68 years later in 2000 - other global indices peaked later in 2007 (75yrs) – some still continuing to progress.



Our Flagship Institutional Service updating multiple time-frames across all asset classes...

Live Update FORUM

A unique advisory service that links you 'Live' in a private online meeting room with our analysts...

WTI Alerts

'Register' now and receive the latest EW-Product-Alerts via e-mail with updates for WaveSearch & up-coming tutorials and seminars.


"I just wanted to congratulate you on the EW-Compass reports launch. I'd say all the work you've all put into this project is well worth it… never cease to be amazed by the harmony that you find between the fib relations you highlight and the Elliott count you propose. You are a true descendant of RNE, and I'm quite sure he'd have really loved to see your work… Another aspect that sets you apart is your deep knowledge of the how and why of pattern relationships between higher & lower degrees of the same price action. So much to learn there". - T.S.



The Wave Principle, often referred to as Elliott Wave is a unique methodology that applies Natures Laws, those encompassing the Natural Sciences and Universal Geometric Philosophies to the financial markets. It allows us to view price fluctuations as an organised process that can be non-linearly extrapolated to gain a glimpse into the future direction of trends, counter-trends and amplitudes on any market or contract traded around the world.

Expanding Diagonal Patterns - Do they actually exist? - Elliott's inclusion of the Contracting Diagonal

In R.N.Elliott's original treatise of "The Wave Principle (1938)", he introduces us to diagonal patterns for the first time on page 21. Under the heading, Triangles, Elliott describes the difference between horizontal triangles that represent hesitation within an ongoing, progressive trend and diagonal triangles that form the concluding 5th wave of a larger five wave sequence.


Tradersworld Online Expo #12 – Starts 12th November 2012

Peter Goodburn will be presenting his latest Elliott Wave analysis at the 12th Trader Expo held online for 7 weeks starting on 12th November 2012 and ending in the new year on 6th January 2013. Peter’s presentation is entitled “Elliott Wave Price Forecasts & Cycle Projections – Three Phases of the 18 Year Bear Market ~ ‘Shock–Pop–Drop’” for more information visit http://tradersworldonlineexpo.com/

Announcement: 123rd Battery Council & Trade Fair Convention in Miami, 1-4 May 2011

Peter Goodburn will be presenting his latest Elliott Wave analysis at the 123rd Trade Fair Convention of the Battery Council in Miami, 1-4 May 2011. Peter’s presentation is entitled "The Historical Price Trend of Lead and Applying the Elliott Wave Principle to plot its course into the Future".