USDCHF Short-term Elliott Wave Analysis 10.29.2014
USDCHF held 0.9447 – 0.9429 inflection area as expected & has shown a strong reaction higher. Traders long from inflection area should already be in a risk free position. New high above 0.9560 would make it 5 swings up from 0.9356 low moving invalidation higher to 0.9438. Ideal area for 5th swing to end is […]
IBEX Short-term Elliott Wave Analysis
Preferred Elliott Wave view suggests move up from 9373 unfolded in 7 swings and reached equal legs – 1.236 ext area between 10419 – 10564. Today’s price action confirms cycle from 10.16 (9373) is over which means wave (( w )) is in place @ 10465. We are now expecting a pull back in wave (( […]
EURJPY Elliott Wave Analysis 10.23.2014
In today’s video we take a look at EURJPY which we think is showing an incomplete sequence. Market moves between extensions of 100%, 123.6%, 161.8% and so on. Pair is showing 5 swings up from 134.13 low and while above 135.21 low, we expect to see another push higher and could reach as high as […]
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