Short term Elliottwave structure suggests wave ((X)) bounce ended at 87.06. Down from this level pair is showing 5 swings down and hence an incomplete sequence, therefore, we like the idea of bounces to fail below 83.68 high for another extension lower. Ideal target on the downside would be 78.54 – 77.32 but we would look […]

Short term Elliottwave structure suggests wave ((X)) bounce ended at 87.06. From this level, pair turned lower in a triple three structure where wave ((w)) ended at 84.67, wave ((x)) FLAT ended at 86.2, wave ((y)) ended at 81.89 and a bounce in 2nd wave ((x)) is also proposed to be over at 83.66. While below 83.66 […]

Short term Elliottwave structure suggests wave ((X)) bounce ended at 87.06. From this level, pair turned lower in a double three structure where wave ((w)) ended at 84.67, wave ((x)) FLAT ended at 86.2, and pair has resumed lower in wave ((y)). Equal legs of (w)-(x) in ((y)) comes at 82.44 which is where a cycle […]

Here is a quick look at the areas that we highlighted for selling CADJPY, buying USDCAD and selling Dow Jones in Daily Elliott wave setups video from 12/22. USDCAD found buyers in 1.3842 – 1.3806 area and turned higher, CADJPY found sellers in 87.23 – 87.40 area and turned lower lower and Dow Jones also found […]

After the initial 3 wave recovery from January 2009 lows to April 2011 peak, Crude made a sharp decline to 74.95 in October 2011, a low that we were to find out later, would lead to 3 years of sideways price action before it would finally give up for the next leg lower. Decline from […]