11USDCAD-DAILY20161117125239

Many traders overlook the process of selecting the right instruments to trade. Trading is a process which requires a lot of discipline and a good technique to be consistently profitable. Selection is one of the aspects which can define the life of a trader because without the right selection process, most traders are going to […]

  • Crude Oil: Extension higher expected

    Crude Oil: Extension higher expected


    Revised view suggests that Crude Oil rally from 1/10 low (50.71) is unfolding as a diagonal where Minor wave 1 ended at 54.08 and Minor wave 2 is proposed complete at 52.22. Crude Oil has broken above 54.08, and thus showing a 5 swing sequence from 1/10 low and favoring more upside. Near term, while pullbacks […]

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  • Elliott Wave Structures and Fibonacci Ratio Seminar

    Elliott Wave Structures and Fibonacci Ratio Seminar


    Elliott Wave Structures are part of Elliott Wave Theory which is a form of technical analysis to analyze financial market cycles and forecast trends. It is named after Ralph Nelson Elliott (1871 – 1948). Inspired by the Dow Theory and by observations found throughout nature. Elliott concluded that the movement of the stock market could […]

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  • Crude Oil: The next leg higher has started

    Crude Oil: The next leg higher has started


    Revised view suggests that Crude Oil rally from 1/10 low (50.71) is unfolding as a diagonal where Minor wave 1 ended at 54.08 and Minor wave 2 is proposed complete at 52.22. A break above 54.08 would add more conviction to the view that the next leg higher has started, until then a double correction in Minor […]

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  • ES_F Strategy of the day, buying the dips

    ES_F Strategy of the day, buying the dips


    Hello fellow traders. In this technical blog we’re going to take a quick look at another nice trading example of ES_F.  The video below is a short capture from the ES_F Strategy of the day video 01/10/2017 published in members area of www.elliottwave-forecast.com ES_F strategy: S&P 500 E-mini futures is showing an incomplete bullish swing […]

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  • ASX All Ordinary ( $XAO) showing incomplete pattern

    ASX All Ordinary ( $XAO) showing incomplete pattern


    In this Technical blog we are going to take a quick look at ASX (XAO) All ordinary from Australia is correcting the cycle from November 9,2016 lows. Where as the structure from January 09,2016 peak suggesting the index has broken below the January 23 low (5661), as shown below the 4 hour chart of ASX from […]

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  • Oil CL_F: Correction Still in Progress

    Oil CL_F: Correction Still in Progress


    Rally to 55.24 completed Intermediate wave (W) and ended the cycle from 8/3/2016 low. From 55.24 high, oil turned lower to correct the cycle from 8/3 low as a double three structure where Minor wave W ended at 50.71 and Minor wave X ended at 54.08. Decline from 54.08 high is unfolding as a double […]

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