GBPJPY Elliott Wave Bullish Triangle Scenarios

GBPJPY Triangle 1

GBPJPY Technical Analysis February 21/2017 - Triangle Idea Traders should remain bullish as long as GBPJPY stays above the 138.51 level. Below we will show three possible Elliott Wave triangle bullish patterns. GBPJPY has bounced higher since October 2016 and the possibility of the pair continuing higher will depend if we see a breakout on any of the Elliott Wave triangle patterns below. GBPJPY 4 hour Elliott Wave Bullish Symmetrical Triangle 1 : For the triangle scenario below price needs … [Read more...]

ASX ($XJO): Showing 5 waves up from 2/7

$XAO-ASX 6020170219042015

In this Technical blog we are going to take a quick look at ASX ($XJO-ASX) All ordinary from Australia cycle from February 2017 lows, here's the short review of previous blog from February 1, in which the index was showing 5 swings corrective sequence from January 09,2017 peak & we were looking for 1 more leg lower at our blue box buying area. But then index broke the 1 hour invalidation level & truncated the last leg lower. Since then index has rallied significantly & broke to new … [Read more...]

NASDAQ Composite: Elliott Waves calling higher

COMPQ-240-1-25 edited

in this technical blog, we are going to take a quick look at past performance of NASDAQ Composite charts from January 2017, which we presented to the clients at Below is the 4 hour chart from January 18,2017, showing the sequence of higher highs in the index from November 04,2016 lows. Also if we count the swing sequence, we can clearly see that the price action from November lows looks to be in 9 swings or 5 swing sequence, which needed some more upside to reach the … [Read more...]

GBPJPY Bullish Trend Starting? Part 2

GBPJPY, elliottwave, elliott wave, price action, PA, technical anlysis, pattern, trend, bullish

GBPJPY Technical Analysis February 10/2017 To view GBPJPY Bullish Trend Starting? Part 1 published January 19/2017 click here > Part 1 GBPJPY 4 Hour Bullish Pattern : On the 4 hour chart we can see a Bullish Pattern (Red) triggered at the BC 0.50% Fib. retracement level where it has since bounced higher. A strong breakout and candle close above the 4 hour Supply/Demand trend line (Blue) can signal that the pair will continue higher. Traders should watch for this … [Read more...]

ASX All Ordinary ( $XAO) showing incomplete pattern

ASX Mid-term Elliott Wave Analysis

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 January 31, 2017. And has open extension lower, showing 5 swings bearish pattern from the peak. The structure from the peak looks to be overlapping, hence suggesting it's corrective structure, … [Read more...]

$INTL INTL Fcstone Inc Daily Elliott Wave Analysis

INTL Daily Elliott Wave Analysis

This is a daily Elliott Wave analysis of the aforementioned company. Firstly I will mention some of the company's past history and merger. INTL Fcstone Inc is a Fortune 500 financial services industry firm listed on the Nasdaq exchange. The company has offices worldwide and is headquartered in New York City, NY in the United States of America. This company was founded in 1978 and was known as the Farmers Commodities Corporation until 2002. The company went public with a stock offering in 2007. … [Read more...]