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Elliott Wave View: USDJPY Remains Supported
Read MoreUSDJPY sequence from Aug 27 low remains incomplete and pair can see further upside. This video looks at the short term Elliott Wave path.
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Gold Suffered Biggest Weekly Drop in 3 Years on Trade Prospect
Read MoreGold hit a three-month low last Friday as the metal loses its luster with increasing prospect of US-China phase 1 trade deal. Spot Gold was down 3.7% last week, its biggest weekly drop since November 2016. A risk on market caused dollar to surge and US equities to break to all-time high. Earlier last week, […]
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Elliott Wave View: Bullish Sequence in DAX Favors Higher
Read MoreDAX shows an incomplete Elliott Wave bullish sequence from Dec 2018 low, favoring more upside. This article and video look at the Elliott Wave path.
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Elliott Wave View: Nasdaq Strength to Continue
Read MoreShort Term Elliott Wave View on Nasdaq Futures (NQ_F) shows 5 waves impulsive Elliott Wave rally from October 3, 2019 low. On the chart below, we can see the pullback to 7586.99 ended wave ((ii)). The Index has resumed higher and wave ((iii)) has completed at 8282.25. Subdivision of wave ((iii)) unfolded as 5 waves impulse […]
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Elliott Wave View: Further Weakness in Chesapeake Energy Corp (CHK)
Read MoreShort Term Elliott Wave View on Chesapeake Energy Corp (ticker: CHK) shows 5 waves impulsive Elliott Wave decline from November 5 high. The bounce to $1.59 in the stock ended wave (2) as a double three Elliott Wave structure. On the chart below, we can see wave X of this double three ended at $1.33 and […]
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Elliott Wave View: Dow Jones Futures Ending 5 Waves Rally
Read MoreDow Jones Future (YM_F) rally from Oct 3 low is impulsive. The 5 waves rally should end soon & Index should pullback in 3 waves before the next leg higher.