Elliott Wave View: Coffee Shows Bullish Sequence
Coffee (KC_F) shows a 5 swing sequence from April 17, 2019 low, suggesting further upside is likely. Short term, the pullback to 94.94 ended wave ((X)). Rally from there is…
Oil Elliott Wave View: Impulsive Rally in Progress
Oil (CL_F) rally from June 5, 2019 low is unfolding as an impulse Elliott Wave structure where wave 3 is currently in progress. In the chart below, we can see wave…
Elliott Wave View: Nike Resumes Rally Higher
Nike (ticker: NKE) shows a higher high sequence from June 3 low ($76.91) favoring more upside. Rally from June 3 low to June 11 high (84.33) unfolded as an impulse…
Elliott Wave View Calling for More Upside in Nasdaq
Nasdaq Futures (NQ_F) shows a higher high sequence from June 4 low, favoring further upside. Short term, rally to 7600.75 ended wave (1) and pullback to 7421.48 ended wave (2).…
Elliott Wave View: Dow Jones Futures (YM_F) Has Resumed Higher
Dow Jones Futures (YM_F) broke above June 10 high (26289) suggesting that the next leg higher has started. The Index is now showing an incomplete sequence from June 3 low…
Facebook Cryptocurrency Project Can Propel The Stock to New All-Time High
Various sources believe that Facebook will unveil a new cryptocurrency payment plan sometimes this month. The company will allow employees working on the project to take their salary in the…
Elliott Wave View: Further Weakness in GBPUSD Expected
Short Term Elliott wave view in GBPUSD suggests the decline from June 7 high is unfolding as an impulse Elliott Wave structure. Down from 1.276, wave (i) ended at 1.265…
Australian Dollar Extends Weaknesses
Australian Dollar dropped further last week as unemployment figure came out higher than expected at 5.2%. The consensus has been for a dip to 5.1%. Australian unemployment rate has now…
Elliott Wave View: Apple (AAPL) Has Started Correction
Short Term Elliott wave view in Apple (AAPL) is calling the decline to 170.44 on June 4 as wave I. Wave II bounce is currently in progress to correct cycle…