EWFHendra
Elliott Wave View: Rally in Facebook is Corrective
Short term Elliott Wave View on Facebook (FB) shows the decline to August 6, 2019 low (176.29) ended wave ((W)). The rally from here took the form of a corrective…
Elliott Wave View: GBPJPY Recovery Nearing Completion
Short term Elliott Wave View on GBPJPY shows the decline to August 12, 2019 low (126.52) ended wave 3. From there, pair is doing the recovery in wave 4 with…
Inverted Yield Curve and What It May Mean to the Indices
Last week, traders got spooked by the yield curve inversion of the most closely watched 2 year vs 10 year bonds. Yield curve inversion between 2 year and 10 year…
Elliott Wave View: Bitcoin (BTCUSD) Looking for Larger Correction
Short term Elliott Wave View on Bitcoin (BTCUSD) shows the rally to 12336.88 on August 6, 2019 ended wave ((X)). The crypto currency declines from there and the structure is…
Elliott Wave View: Bank of America (BAC) Extends Lower
Bank of America (ticker symbol: $BAC) currently shows an incomplete sequence from August 1 high, favoring further downside. Short term Elliott Wave technical view from the chart below suggests the…
Elliott Wave View: Chesapeake Energy (CHK) Sellers Remain in Control
Chesapeake Energy Corporation (ticker: CHK) is a company operating in hydrocarbon exploration. The company produced natural gas, petroleum, and natural gas liquids. Continued pressure on Oil and gas prices have…
Elliott Wave View: GDX Ready to Resume Higher
Short term Elliott Wave view suggests that pullback to $26.04 ended wave ((4)). GDX has since rallied within wave ((5)). Subdivision of wave ((5)) is unfolding as an impulse Elliott…
Australian Dollar Slumps as Rate Cut Expectation Rises
Australian Dollar extended the decline to its lowest in a decade last week. The slump came after RBNZ (Reserve Bank of New Zealand) delivered a bigger than expected interest rate…
Elliott Wave View: Selling Pressure in Oil Should Continue
Oil shows incomplete bearish sequence from April 23, 2019 high favoring further downside. The recent break below June 5, 2019 low (50.60) confirms the double three Elliott Wave structure from…
