Elliott Wave View: Short Term Bullish in Alibaba
Short Term Elliott Wave view in Alibaba is bullish with the rally from February 8, 2019 low ($163.58) unfolding as an impulse. Furthermore, the cycle starting from January 23, 2019…
Elliott Wave View: Crude Oil on the Verge of a Breakout
Since bottoming at $42.36 on December 24, 2018, Crude Oil (CL_F) has rallied more than 30%. The initial rally to $55.75 on February 4, 2019 took the form of an…
Elliott Wave View: EURJPY Rally Should Resume
After bottoming on January 3, 2019 low, EURJPY shows a sequence of higher high and higher low. We can see from the chart below that it has a bullish sequence…
Elliott Wave View: Downside Pressure in EURGBP
EURGBP shows a sequence of lower low from August 29, 2017 high, suggesting further downside is likely. The bounce to 0.9105 on January 3, 2019 high ended wave (2). From…
Progress in Brexit Negotiation Supports Poundsterling
British Pound Sterling is the best performing major currency last week. The Pound Sterling shows strength as the market senses progress towards a Brexit deal. This follows news pointing to…
Elliott Wave View: Dow Jones Futures (YM_F) Starts Correction
Dow Jones Futures (YM_F) has started to pullback earlier today. We are counting the entire rally from December 26, 2018 low as an Impulse Elliott Wave structure. An Impulse has…
Elliott Wave View: DAX Bullish Sequence Favors More Upside
DAX has broken above February 6, 2019 high (11371.74) and shows a bullish sequence from December 28, 2018 low (10279.20). On the chart below, we put a bullish sequence stamp…
Elliott Wave View: Gold Looking to break 2018 High
In our previous article, we have highlighted the possibility that Gold can quickly retest the high in 2018. The chart below shows the yellow metal has broken above a long…
Elliott Wave View: S&P 500 (SPX) Rallies as an Impulse
Since bottoming at 2346.58 on December 26, 2018, S&P 500 (SPX) has rallied 18% in less than 2 months. The structure of the rally appears like an Impulse Elliott Wave…