Short term Elliott Wave view in GBPUSD shows that rally to 1.2816 ended wave (4). Internal of that rally unfolded as a triple three Elliott Wave structure. Up from wave (3) at 1.2476 on 12.12.2018 low, Wave W ended at 1.2687 and wave X ended at 1.2528. Rally to 1.2739 then ended Wave Y, second […]

Six years ago in 2012, Euro zone was in the midst of crisis, with bailouts of Greece pushing the Euro to the verge of a collapse. Peripheral European countries like Greece, Portugal, Italy were unable to sell government bonds without offering significant yield.  In order to convince international investor, ECB President Mario Draghi back in […]

Elliott Wave view in Alibaba (BABA) shows that the stock has an incomplete bearish sequence from 6.5.2018 high ($211.7). The 100% target in 7 swing comes at $88.3 and this view remains valid as far as the stock stays below 12.3.2018 high ($168.8). Near term, decline from 12.3.2018 high ended with Cycle degree wave w […]

Care to guess what is the best performing major currency in 2018? Chances are you will say that it’s the US Dollar. Although US Dollar is doing pretty well this year, the best performing currency is in fact the Japanese Yen. You can see in the table below that despite the Dollar Index rallying 4.9% […]

Elliott Wave outlook in Oil (CL_F) suggests that the move lower from 10/3 high ($76.9) remains in progress as a 5 waves impulsive Elliott Wave structure. Down from $76.9, Primary wave ((1)) ended at $65.74, Primary wave ((2)) ended at $67.95, and Primary wave ((3)) remains in play. Internal of Primary wave ((3)) also unfolded […]

Short Term Elliott Wave view suggests that cycle from 11.8.2018 high (87) ended at 83.55 in Minor wave W and bounce to 85.27 ended Minor wave X. Pair has resumed lower in Minor wave Y, but it needs to break below Minor wave W at 83.55 for confirmation and to avoid double correction in Minor wave […]