In this video blog, we will take a look at USDSGD which is showing 5 swings down from 1/3/2017 (1.4545) peak. 5 swings is an incomplete Elliott Wave sequence and suggest bounces should fail in the sequence of 3-7-11 swings for more downside. The decline from 1/3/2017 (1.4545) peak was a double three Elliott Wave […]

NZDUSD has been in a strong up trend since 11/17/2017 (0.6776) low. Pair has gained 7.7% since then advancing from a low of 0.6776 to a high of 0.7331 before backing off a bit from the highs. Advance from 0.6776 low is unfolding as an Impulse where blue wave (1) ended at 0.6945, blue wave […]

HG_F (Copper) is up more than 4% this week and the rally from 12/5 (2.942) low started off in a choppy fashion but has gained enough legs to take the form of an impulse. In this blog, we will take a look at Elliott Wave labelling of the rally from 12/5 low in Copper metal. Below […]

NASDAQ (NQ #F) rally from 6232.28 low has unfolded as a 5 Waves Impulse where wave (i) completed at 6339.75, wave (ii) ended at 6232.50, wave (iii) completed at 6427.75 and dip to 6383 completed wave (iv). Index has already made a new high above 6427.75 and also reached inverse 1.236 Fibonacci extension of wave […]

Elliott Wave: Is the Theory Based in Social Mood? Ralph Nelson Elliott developed the Elliott Wave Theory in the 1920s by examining the underlying socio-psychological principles regarding investing habits. The Elliott Wave Principle posits that collective investor psychology, or crowd psychology, shifts between optimistic and pessimistic extremes in natural sequences. These mood swings create patterns […]