Elliott Wave View: Nasdaq Wave ((5)) In Progress
Short term Elliott Wave chart below suggests the dips to 8848.71 ended wave ((4)). This is part of a larger impulsive rally which started from 3.23.2020 low. Wave ((5)) is…
Crude Oil Staging Furious Comeback
Crude Oil prices are staging impressive comeback after last month's collapse to -$30. Sentiment in Oil has vastly improved in the past few weeks. Hopes of the supply cut as…
Elliott Wave View: Further Downside in GBPNZD
GBPNZD broke below 3.19.2020 low (1.9899) creating an incomplete bearish sequence from 3.9.2020 high (2.182). Short term Elliott Wave View suggests the decline from 4.1.2020 high is unfolding as a…
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…