In the bigger picture, Bitcoin has been in sideways consolidation since topping out at $13880 on June 26. It did a 3 waves pullback to $9049.54 on July 17 and since then has been sideways. Further correction in larger degree can’t be ruled out as a double zigzag structure from June 26 high, but the […]

Last week, ECB (European Central Bank) decided to reactivate the quantitative easing (QE) programme by €20bn a month. This time the program will be open-ended until Euro Zone’s inflation and growth outlooks return to satisfactory levels. In other words, it’s quantitative easing in perpetuity. ECB said the purchasing will only end shortly before the next rate […]

In early Saturday, Saudi Arabia’s oil processing facilities were hit by what initially thought to be drone strikes. Yemen’s Houthi rebels claim responsibility for the attack. The Houthi spokesperson claimed they deployed 10 drones for the attack. However, U.S. Secretary of State Mike Pompeo dismissed the claim and accused Iran instead. Iran denied the accusation […]

DAX rally from August 15 low is unfolding as an impulse Elliott Wave structure. This article talks about the short term Elliott Wave path.

Short term Elliott Wave view suggests the rally in S&P 500 (SPX) from August 6, 2019 low is unfolding as an impulse Elliott Wave structure. In the chart below, we can see wave (1) ended at 2943.31 and wave (2) pullback ended at 2834.97. Internal subdivision of wave (2) unfolded as a running Flat. Wave A […]

10 Year Treasury Note (ZN_F) has reached support area in 7 swing where it can find buyers and bounce in 3 waves at least soon.