Recent Articles by Garrett Patten

World Markets Weekend: A Review Of Asia/Pacific Indices

Wave counts on the Nikkei 225, Hang Seng Index, Shanghai Composite, Nifty 50 and the ASX 200.
by Garrett Patten - 1 week ago

New Highs For The Month For European Indices

It will now require a break back below last week’s low to open the door to a top in place.
by Garrett Patten - 2 months ago

European Markets Review: DAX, FTSE, STOXX

European indices closed modestly lower today, with the DAX testing the retrace support.
by Garrett Patten - 2 months ago

DAX and STOXX Extend Month's Gains

The DAX Performance Index traded higher today, making another new high on the month and therefore at least still extending in wave (c) of i.
by Garrett Patten - 4 months ago

European Markets: STOXX & FTSE Close Higher

The EURO STOXX 50 Index closed higher today, but is still trading below last week's high.
by Garrett Patten - 5 months ago

European Indexes Approach Downside Targets

The DAX Performance Index continued lower today, making a new low below last week's low as suggested and satisfying the expected downside for wave iii of (iii). We also review the FTSE 100 and EURO STOXX 50.
by Garrett Patten - 6 months ago

Need Evidence of Starting a 4th Wave Bounce

The market curled back up shortly after the open, but so far has failed to exceed the signal resistance cited in the morning update at 4380. That level still needs to be cleared in order to treat wave iii of (c) complete and a wave iv bounce starting.If price maintains above the morning low and does get above 4380, then 4424 - 4478 is the current target range that can be reached as wave iv of (c) before completing and turning back down for one more low as wave v of (c).
by Garrett Patten - 6 months ago

European Indices Close Flat After Higher Open

The DAX started off the session initially higher, reaching the 15700 fib target cited for wave (iv) of c before turning back down into the close to end the session relatively flat.
by Garrett Patten - 7 months ago

Wave Counts for European Markets

The STOXX traded higher, while the FTSE and DAX were flat on the session.
by Garrett Patten - 9 months ago

Support Levels To Watch As European Indices Close Lower

The FTSE 100 started off initially higher today, but then rolled over into the close.
by Garrett Patten - 10 months ago

European Indices Trade Lower

The FTSE dropped sharply lower today, undercutting last week's low and therefore invalidating a bottom in place as red wave iv.
by Garrett Patten - 11 months ago

Bulls Answer Back - Market Analysis for Apr 13th, 2023

Bulls certainly stepped up to the plate today, bidding the market up shortly after the open and all the way into the close without much of a pullback along the way. Going into yesterday's session, the price structure since last week's low was tracing out what looked like a diagonal, completing wave 3 of the diagonal at yesterday's pre-market high and then pulling back in wave 4. Initially price held standard retrace support for the 4th at yesterday morning's low, but then ended up breaking that support going into the close.
by Garrett Patten - 1 year ago

Likely heading back to retest last week's low

After the initial spike higher pre-market off the CPI print, price quickly rolled back over into the RTH open and continued down to briefly undercut the .618 retrace that was cited as support for a 4th wave during the pre-market video. However, price managed to recover back above that support going into the afternoon session, rallying from there until the FED minutes was released at 2 PM. That catalyst sent price back down again, ultimately leading to a poke back below the morning low and therefore making the expectation for any immediate trip back to new highs from here much more questionable.
by Garrett Patten - 1 year ago

What's Ahead For European Indices?

Plus, a look at Brazil and Mexico.
by Garrett Patten - 1 year ago

World Markets Weekend: Wave Counts For The Asian Indices

Asian indices overall were sharply lower last week. Here are their wave counts.
by Garrett Patten - 1 year ago

European Indices Marginally Higher

The DAX came a little bit closer to a retest of Monday's high compared to the STOXX, while the FTSE 100 was flat again.
by Garrett Patten - 1 year ago

World Markets Weekend: Europe / Americas

The DAX continued to bounce last week off the low made the previous Friday, but in this case never exceeded the prior high on the month.
by Garrett Patten - 1 year ago

$COIN - Elliott Wave Chart Analysis on Jan 20th, 2023

Another high on the month from here will look like 5 up from the low
by Garrett Patten - 1 year ago

$LULU - Elliott Wave Chart Analysis on Jan 13th, 2023

LULU should be working on a wave 2 of (C) bounce with 323.34 - 346.21 as the standard retrace range for the target.
by Garrett Patten - 1 year ago

$NVDA - Elliott Wave Chart Analysis on Jan 13th, 2023

Should be close to finishing up wave i of C.
by Garrett Patten - 1 year ago

European Indices Close Lower

The FTSE 100 Index closed mildly lower today, but otherwise not enough evidence of a local top or the blue count being derailed.
by Garrett Patten - 1 year ago

$NG - Elliott Wave Chart Analysis on Dec 22nd, 2022

After breaking down this week to a new low on the month, natural gas should be working on wave 3 of an ending diagonal (C)-wave down from the November high. Based on that expectation, 4.40 is the minimum expected target for wave 3 of (C), and another 4-5 from there can easily reach $4 before a bottom.
by Garrett Patten - 1 year ago

$NVDA - Elliott Wave Chart Analysis on Dec 22nd, 2022

NVDA has entered the upper end of the target region for wave B of (B), with 142.54 as the next fib support as the .500 retrace. Any break back above 166.40 should confirm a bottom and the start to wave C of (B).
by Garrett Patten - 1 year ago

New Monthly Lows for European Indices

The Dax Performance Index, FTSE 100, and Euro STOXX 50 started off initially higher last week before rolling over to make new lows on the month.
by Garrett Patten - 1 year ago

$NVDA - Elliott Wave Chart Analysis on Dec 15th, 2022

Assuming NVDA topped in wave A of (B), 152.14 - 133.54 is retrace support as the target region for wave B of (B).
by Garrett Patten - 1 year ago
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