EURUSD short-term Elliott wave view suggests that the decline to 1.1509 on 5/29/2018 low ended Cycle degree wave “w”. Above from there, the bounce is taking place as Elliott wave zigzag structure to end the Primary degree wave ((W)) cycle. Afterwards, the pair is expected to do a pullback in Primary degree wave ((X)) in […]

Copper ticker symbol: HG_F short-term Elliott wave view suggests that the pullback to 3.0101 on 5/30/2018 ended Intermediate wave (2). The internals of Intermediate wave (2) unfolded as Elliott wave double three structure where Minor wave W ended at 3.0195. Minor wave X ended at 3.1485 high and the decline to 3.0101 low ended Minor […]

FTSE short-term Elliott wave view suggests that the rally to 7903.50 high on 5/22/2018 peak ended primary wave ((1)). This rally to 7903.5 starts from 3/23/2018 low and took the form of an impulse Elliott wave structure. The index is currently in Primary wave ((2) pullback to correct cycle from 3/23/2018 low. So far the […]

SPX short-term Elliott wave view suggests that the rally from 4/02/2018 low (2553.8) is extending higher in 5 waves structure. These 5 waves are expected to be part of a leading diagonal structure within intermediate wave (1) higher. The move higher from 2553.8 low has the characteristic of a diagonal where the internal distribution of each leg higher […]

XLI: Industrial sector ETF short-term Elliott wave view suggests that the decline to 70$ on May 03 low ended cycle degree wave IV pullback. Above from there, the instrument rallied higher as an impulse and has scope to resume the cycle degree wave V higher. In an impulse structure, the subdivision of wave 1, 3, and 5 […]

USDJPY Short-term Elliott Wave view suggests that the rally to 111.40 on May 21 ended intermediate wave (A) as a Diagonal structure coming from March 26 low (104.52) cycle. Pair is currently correcting cycle from 3/26 low within Intermediate wave (B). The pullback shows overlapping price structure suggesting that it is taking the form of a […]