Elliott Wave View: Amazon (AMZN) Impulsive Move In Progress
Amazon stock (ticker: AMZN) continues to perform well as the demand of the service surges due to the Covid-19. The pandemic forces people to stay at home and buy a…
Elliott Wave View: SPY Has Resumed Wave 3 Higher
Short Term Elliott Wave view in SPY (S&P 500 ETF) suggests the rally from 3.23.2020 ended at 296.77 as wave ((1)). Pullback in wave ((2)) is proposed complete at 273.07…
Elliott Wave View: Pound Sterling in a New Impulsive Lower
The decline in Pound Sterling from 4.15.2020 high is unfolding as a 5 waves impulsive Elliott Wave structure, Down from 4.15,2020 high, wave 1 ended at 1.2245 and bounce in…
Elliott Wave View: Russell 2000 (RTY) Reaching Short Term Support
As a larger context, the rally in Russell 2000 (RTY) from 3.19.2020 low took the form of an impulsive structure. Up from there, wave (1) ended at 1180.3 and wave…
Outlook in Bitcoin after Halving
Retail investors may return to Bitcoin again after the digital currency completed the one-in-four year adjustment called halving. Halving provides less rewards to miners who run high-powered computers to solve…
Elliott Wave View: Dow Futures (YM_F) Resumes Correction Lower
Elliott Wave View in Dow Futures (YM_F) suggests the rally from 3.23.2020 low ended wave ((1)) at 24806 as an impulse structure. Up from 3.23.2020 low, wave (1) ended at…
Elliott Wave View: DAX Ended Correction and Turns Lower
Short Term Elliott Wave view in DAX suggests the rally from 3.16.2020 low ended at 11242.77 as an impulse structure. Up from 3.16.2020 low, wave (1) ended at 9145.93 and…
Elliott Wave View: USDJPY Has Scope for Further Downside
USDJPY shows incomplete lower low (bearish) sequence from March 26, 2020 high and pair has scope to see more downside. The decline from March 26 high is unfolding as a…
Elliott Wave View: Bitcoin Ending Diagonal in Progress
Rally in Bitcoin (BTCUSD) from April 16, 2020 low is unfolding as a 5 waves impulse Elliott Waves structure. Up from April 16 low, wave 1 ended at 7306.15 and…
