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Elliott Wave Analysis: EURJPY Has a Bearish Sequence
Read MoreEURJPY short-term Elliott Wave view suggests that the bounce to 5/14 high at 131.38 ended wave (2). Down from there, the decline is unfolding as Elliott wave impulsive structure as expected and should complete wave (3). The internal sub-division of each leg lower is showing 5 waves structure in lesser degree cycles, which is characteristic of […]
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USDX Elliott Wave View: Ending Diagonal In Progress
Read MoreUSDX short-term Elliott Wave view suggests that the rally from 5/14 low 92.24 is extending higher as Elliott Wave Ending diagonal structure within Intermediate wave (5). Keep in mind that Ending Diagonal usually appears in sub-division of wave (5) of impulse or wave C of Zigzag or Flat. In Ending Diagonal, the internal distribution of […]
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GBPUSD Elliott Wave View: Showing Impulse Structure
Read MoreGBPUSD Elliott wave view in short-term cycle suggests that the decline from 4/17/2018 high (1.4377) is unfolding as an impulse Elliott wave structure where bounce to 1.3607 high ended Intermediate wave (4). Down from there, intermediate wave (5) remains in progress as Elliott Wave ending diagonal structure. Ending diagonal usually appears in the sub-division of wave (5) of […]
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USDCAD Extending Lower As Elliott Wave Impulse
Read MoreUSDCAD short-term Elliott Wave view suggests that the bounce to 1.2998 on 5/08 high ended primary wave ((2)). Below from there, primary wave ((3)) remains in progress as an Impulse Elliott Wave structure looking for more downside extension. In Impulse wave, the subdivision of wave 1, 3, and 5 is also an impulse structure of […]
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USDJPY Elliott Wave View: Ending 5 Waves Impulse Soon
Read MoreUSDJPY Short-term Elliott wave view suggests that the pullback to 108.62 on 5/04 low ended Minor degree wave 4. Above from there, the rally is unfolding as a 5 waves Elliott Wave structure, also known as Impulse. It’s important to note that the sub-division of Minor wave 1, 3 & 5 are also impulsive in […]
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DAX Elliott Wave Analysis: Wave 3 Remains In Progress
Read MoreDAX short-term Elliott Wave view suggests that the rally from March 26.2018 low (11704) is unfolding as Impulse Elliott Wave structure. As an impulse, the internals of Minor degree wave 1, 3 & 5 should have subdivision of 5 waves impulse of lesser degree. In the case of DAX, Minute wave ((i)), ((iii)) & ((v)) are all impulsive. […]