In this blog, we take a look at BABA’s almost perfect reaction lower from the recent blue box. Let us take a look at the 1 hour chart from 3/29/2021. BABA ended a cycle correction at 241.60 peak for red wave B. Down from there, the stock made a five wave impulse decline in black wave […]

AUDJPY reacts at the bue box area The 1 hour AUDJPY chart below is from 3/26/2021. The pair reached the blue box down from the blue wave (3) peak. In blue wave (4), the pair subdivided into red A-B-C zig zag . As one would expect, red waves A and C were impulse waves. In red […]

EURCAD Found sellers in the blue box, and reacts lower. The 1 hour EURCAD chart below is from 3/23/2021 Asia update. In it, we see continuation of  clear impulse wave in black wave ((iii)) down from the blue wave (ii) peak at 1.528360. Blue wave (ii) itself corrected blue wave (i) which preceeded it.  As per Elliott wave […]

SPX is expected to rally further and set new record highs SPX recovery from the March 2020 lows was remarkable. This was amidst skeptics favoring lower, as it was believed to have started crashing. Little did they know that it was setting up to make new, never seen before highs. From the March 2020 lows, we […]

In this blog, we look at how Russell (RTY_F) reacted higher from the blue box The 1 hourly chart below is from 3/5/2021 New York update. In it, we see Russell already in the blue box. As per our strategy, we expected a reaction and a separation higher from there. Our view would be invalidated […]

In this blog, we are going to take a look at the DAX index.  The short term Elliott Wave view on the index shows a correction in ((4)) at 13310.95 on February 28, 2020. Internally, we have wave (W) at 13599.78. A rally followed in (X) at 13925.73. Wave (Y) followed lower and completed the […]