Elliott Wave View: Short Term Strength in Bitcoin
In the bigger picture, Bitcoin has been in sideways consolidation since topping out at $13880 on June 26. It did a 3 waves pullback to $9049.54 on July 17 and…
Euro Fails to Weaken Despite ECB’s Monetary Stimulus
Last week, ECB (European Central Bank) decided to reactivate the quantitative easing (QE) programme by €20bn a month. This time the program will be open-ended until Euro Zone's inflation and growth…
Oil Shot Up 17% after Saudi Arabia’s Oil Refinery Attack
In early Saturday, Saudi Arabia's oil processing facilities were hit by what initially thought to be drone strikes. Yemen's Houthi rebels claim responsibility for the attack. The Houthi spokesperson claimed…
Elliott Wave View: DAX Extends Higher in Impulsive Structure
Short term Elliott Wave view suggests the pullback to 11266.48 on August 15, 2019 low ended wave ((2)). Wave ((3)) is in progress and subdivides as a 5 waves impulse Elliott Wave…
Elliott Wave View: S&P 500 (SPX) New All-Time High Imminent
Short term Elliott Wave view suggests the rally in S&P 500 (SPX) from August 6, 2019 low is unfolding as an impulse Elliott Wave structure. In the chart below, we can…
Elliott Wave View: 10 Year Treasury Notes (ZN_F) at Support Area
Since topping out at 135.15 on July 2012, 10 Year Notes (ZN_F) was in a multi-year decline. It finally found a bottom at 117.13 on October 2018. The 6 year…
Elliott Wave View: Further Rally in GBPUSD in Zigzag Structure
Short term Elliott Wave view in GBPUSD suggests that the decline to 1.1957 on September 3 ended wave (3). Wave (4) bounce is in progress as a zigzag Elliott Wave…
Profit Taking in Gold as Trade Talk Resumes
Last week, China and the U.S. have agreed to resume face-to-face talk in Washington in early October. It's however still unclear if both sides can make substantial, even if temporary,…
Elliott Wave View: Impulsive Rally in Amazon (AMZN)
Short term Elliott Wave view in Amazon (AMZN) suggests that the rally from August 6, 2019 (1743.51) low is unfolding as a 5 waves impulsive Elliott Wave structure. We label the…