Nikkei’s rally from Aug 6 low looks corrective. This article & video talks about the short term Elliott Wave path and why the rally is expected to fail.

Structure of Facebook rally from Aug 6 low is corrective and unfolding as a double three Elliott Wave structure before the decline resumes.

Short term Elliott Wave View on GBPJPY shows the decline to August 12, 2019 low (126.52) ended wave 3. From there, pair is doing the recovery in wave 4 with the internal unfolding as an Elliott Wave Zigzag structure. This suggests the current rally takes the form a corrective structure and the bias remains to […]

Last week, traders got spooked by the yield curve inversion of the most closely watched 2 year vs 10 year bonds. Yield curve inversion between 2 year and 10 year bond is a powerful predictor of recession. The 2-10 yield curve inversion preceded the past seven recessions from 1969. This means that the interest rates […]

Short term Elliott Wave View on Bitcoin (BTCUSD) shows the rally to 12336.88 on August 6, 2019 ended wave ((X)). The crypto currency declines from there and the structure is unfolding as an impulse Elliott Wave structure.  Down from 12336.88, wave 1 ended at 11532, wave 2 ended at 12145.42 and wave 3 ended at […]

BAC shows an incomplete sequence from August 1, favoring more downside. While bounce fails below there, the stock can extend lower.