Short-term Elliott Wave view in FTSE suggest that the decline to 3/26/2018 low 6866.94 ended intermediate wave (B). Above from there, Intermediate wave (C) of ((B)) remains in progress with a strong rally to the upside unfolding as Impulse Elliott Wave structure. The internal distribution of each wave within the rally is unfolding as 5 waves […]

USDX Elliott Wave view in short-term cycle suggests that the decline to 89.22 low on 4.17.2018 ended as a Zigzag correction in Intermediate wave (B). Above from there, the rally is unfolding as 5 waves Impulse Elliottwave structure looking to extend higher 1 more leg in Minor wave 5 at least before ending the 5 waves structure. Above […]

SPX short-term Elliott Wave analysis suggests that the decline to 2553.8 low ended intermediate wave (W). Above from there, the rally ended in intermediate wave (X) at 2717.49 high and the same time also completed the correction against 3/13/2018 peak (2801.9). The Index however still needs to break below wave (W) at 2553.8 low, and more […]

USDX Elliott Wave view in short-term cycle suggests that the decline to 89.22 ended Intermediate wave (B) as Elliott Wave Zigzag correction. Above from there, Intermediate wave (C) remains in progress as Elliott Wave Impulsive sequence with extension looking for further extension higher. The internal distribution of each leg consists of 5 waves structure with […]

Short-term EURUSD Elliott Wave view suggests that the pair remains in a sideways triangle range between 1.2554 and 1.2153 levels as mentioned in the previous post here. Until we break out of the range, we look for the sideways price action to continue. Triangle doesn’t have any particular trend, but it is generally a continuation […]

CL_F Elliott Wave short-term view suggests that the decline to 61.80 on 4/06/2018 low ended Intermediate wave (2). Above from there, Intermediate wave (3) remains in progress as Zigzag Elliott Wave structure. Looking to extend higher towards 70.43-72.47 area at a minimum. Up from 61.80 low, the instrument made a strong rally higher. And ended […]