Gold Short-term Elliott Wave Analysis
In today’s video we present Elliott Wave Analysis of the yellow metal which has reached 100% extension down from 1255 peak. Trend is down but it’s in an area where initiating new short positions is a dangerous proposition. Analysis based on market correlation allows for another push lower toward 1189 – 1184 area to end the […]
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 (( […]
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