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…
Barrick Gold Corporation (NYSE: GOLD): Strong Impulse Rally In Progress
Barrick Gold Corporation (NYSE: GOLD) is the second-largest gold mining company in the world. Year-to-Date, the stock is up around 45%. The combination of low Oil's price (major cost component for miners)…
Elliott Wave View: GBPJPY Decline Extends in Wave 3
GBPJPY decline from April 9, 2020 high is unfolding as a 5 waves impulse Elliott Wave structure. Down from April 9 high, wave 1 ended at 132.65 and wave 2…
Elliott Wave View: Leading Diagonal in Oil
Short Term Elliott Wave outlook in Oil (CL_F) suggests the decline to $6.53 ended wave ((3)). Wave ((4)) recovery is unfolding as a zigzag Elliott Wave structure where wave (A)…