Nike (Ticker: NKE) shows an incomplete sequence from January 22, 2020 high suggesting further downside is likely. The decline from January 22 high is unfolding as a double three Elliott Wave structure where wave ((W)) ended at 85.15 and wave ((X)) ended at 94.98. The stock has resumed lower within wave ((Y)) and the internal […]

OPEC’s failure to strike a deal to cut production output with Russia caused Saudi Arabia to slash oil’s prices in an all-out price war. US West Texas Intermediate Crude plunged more than 30% to $27.9 per barrel while Brent crude futures cratered 29% to $32 per barrel. On Saturday, Saudi Arabia announced a huge price […]

Over the weekend, a series of events has rocked the market. Investors continue to brace for economic fallout as coronavirus continues to spread around the world. Outside Mainland China, Italy now has the highest infection rate and death toll. It has imposed draconian measure similar to China by locking down Lombardy region and 14 other […]

Short term Elliott Wave view in Ten Year Notes (ZN_F) suggests the rally from December 2019 low is unfolding as a 5 waves impulsive structure. Up from December 13, 2019 low, wave ((1)) ended at 131.29 and wave ((2)) pullback ended at 130.07. Wave ((3)) rally then ended at 136.23 and this can be seen […]

Palladium is in a 7 swing correction before the rally resumes. This article and video look at the Elliottwave path and target.

USDCHF shows an incomplete sequence from April 2019 peak favoring further downside and rally to fail in 3, 7, 11 swing. In the short term chart below, the bounce to 0.985 ended wave B and pair has resumed lower in wave C. The internal subdivision of wave C is unfolding as a 5 waves impulse Elliott […]