SPX Index made a new high above 12/29 peak which opens another extension higher from 10/15 low. Move up from 2080 low is also taking the form of a (( w )) – (( x )) – (( y )) Elliott wave structure when Index is ending the 5th swing. Area between 2098 – 2111 […]

USDJPY broke sideways range to the upside last week. We think pair is ending an Elliott wave cycle from 2/2 low and also from 1/16 low. Sideways consolidation in USDJPY is popularly believed to be a bullish Elliott wave triangle but momentum indicators are not supporting the bullish triangle view, it could still be a […]

Preferred Elliott Wave view suggests pair has ended a cycle from 1.9237 low as a triple three structure at 2.0935. We have labelled this wave “W” and a pull back in wave “X” is now in progress as a double three Elliott wave structure or a (( w )) – (( x)) – (( y […]

In this video we take a look at running FLAT Elliott Wave structure (3-3-5). In a running FLAT structure, wave C would fail to break the ending point of wave A. Dow (INDU) is showing an impulsive Elliott wave structure (5 wave move) up from 17037 (2/2) low and as far as RSI divergence remains […]

Our mid-term Elliott Wave cycles remain firmly bearish in EURGBP. Pair tested the inflection area between 0.7591 – 0.7618, got rejected and turned lower as expected. Cycle from the lows is over so connector wave (( X )) is thought to be in place at 0.7591. Pair could test 0.7465 – 0.7449 area to finish […]

Our mid-term Elliott Wave cycles remain firmly bearish in EURGBP. Pair tested the inflection area between 0.7591 – 0.7618, got rejected and turned lower as expected. Cycle from the lows is over so connector wave (( X )) is thought to be in place at 0.7591. Decline from this high is so far in 3 […]