Decline from April 23, 2019 high in Oil (CL_F) remains in progress as a 5 waves impulse. Down from April 23, 2019 high, wave (1) ended at 50.6 and wave (2) bounce ended at 65.65. Oil then resumed lower in wave (3) to 19.46, and wave (4)  bounce ended at 29.21. Short term chart below […]

Indonesian Rupiah eased to 15,800 per US dollar last Friday after inching closer to break the 1998 Asia crisis peak at Rp 16,850. The high this month at Rp 16,738 came very close to break the previous all-time high. The COVID-19 pandemic prompted investors to dump emerging market currencies. The money flows to safe haven […]

Tesla rally from 3.19 low is unfolding as an impulse and the stock can see more upside. This video looks at the Elliott Wave path.

The novel corona virus forces government around the world to implement various mitigation measures to flatten the contagion curve. Some of the popular introduce social distancing where people must stay at home as much as possible. Others introduce stricter measures such as lock down in Italy, where residents can only go out of home for […]

Short Term Elliott Wave View suggests rally in Gold (XAUUSD) from March 16 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from March 16 low, wave ((1)) ended at  1519.57, and pullback in wave ((2)) ended at 1454.90. The precious metal has resumed higher in wave ((3)) towards 1645.5 and wave […]

AUDJPY shows incomplete sequence from April 2 low, favoring more upside. This article and video looks at the Elliott Wave path.