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Elliott Wave View: Tesla Resumes Higher
Read MoreTesla (TSLA) is rallying as an Elliott Wave impulse structure and near term can see further upside while above Nov 27 low.
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Elliott Wave View: Copper Rallying as an Impulse
Read MoreShort-term Elliott Wave view in Copper (HG_F) suggests that the metal is rallying as a 5 waves Elliott wave impulsive structure from November 15, 2019 low. Up from there, wave ((i)) ended at 2.69, and wave ((ii) pullback ended at 2.619. Subdivision of wave ((ii)) unfolded as a double zigzag. Wave (w) of ((ii)) ended at 2.653, […]
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Elliott Wave View: Apple (AAPL) Ending Wave 5
Read MoreShort-term Elliott Wave view in Apple (ticker: AAPL) suggests that the pullback to 256.31 on December 3, 2019 low ended wave (4). The stock has resumed higher within wave (5) and the internal is unfolding as a 5 waves Elliott wave impulsive structure. Up from 256.31, wave ((i)) ended at 263.31, and wave ((ii) pullback […]
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Pound Sterling Maintains Strength as Tories Projected to Win
Read MorePound Sterling remains strong as the U.K. will go to poll this coming Thursday December 12. The general election normally should be held every five years. However, this election will be the third time since 2015 as it’s necessary to break the country’s Brexit impasse. It will determine whether the U.K. will quit the European […]
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U.S. Stock Market Surged as November Payroll Smashed Expectation
Read MoreU.S. stock market surged as November Nonfarm Payroll came out strong at 266,000. Unemployment rate also fell to 3.5%, which is at 50-year low since 1969. The result smashed the consensus expectation of 185,000. Stocks leaped higher after the blockbuster number as the US economy is firing on all cylinder. There was initially some concern […]
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Elliott Wave View: GBPUSD Should Remain Supported
Read MoreGBPUSD rally from Nov 23 low is unfolding as an impulse Elliott Wave structure, favoring more upside. This article looks at the Elliottwave path.