Short Term Elliott Wave View on EURUSD suggests that pair is currently in Primary wave ((2)) rally to correct cycle from Sept 24 high (1.1815) before the decline resumes. Internal of Primary wave ((2)) is unfolding as a Flat Elliott Wave structure where Intermediate wave (A) ended at 1.15 and Intermediate wave (B) ended at […]

The precious metal group does not get any break in the past 7 years. The move lower has been relentless and rally has been short lived. Silver in particular has corrected 70% from the 2011 high at $50 and still has not shown any sign of serious recovery. Our short term Elliott Wave view suggests […]

Short term Elliott Wave view on Oil suggests that the decline starting from Oct 3 high ($76.9) remains in progress as a 5 waves impulse Elliott Wave structure. Down from Oct 3 high, Primary wave ((1)) ended at $68.47 and Primary wave ((2)) ended at $69.66. Primary wave ((3)) ended at $54.75 and Primary wave ((4)) […]

Short term Elliott Wave view on Nifty suggests that the decline to 10004 on Oct 26 low ended Primary wave ((2)). This means that Index has ended the selloff which started from Aug 28 high (11760.20). It is currently either in the process of eventually breaking to new high again or at least rallying in […]

EURUSD has broken below Nov 1 low (1.13) and now the pair shows a 5 swing bearish sequence from Sept 24 high (1.1815), favoring further downside. Short term Elliott Wave view suggests that the move higher to 1.15 ended wave ((2)) in Primary degree. Internal of wave ((2)) unfolded as a double three Elliott Wave […]

It’s important for financial market players to know their identity to be successful in the world of trading. A mistaken identity is often the cause of a failure for new aspiring traders. There are at least 3 distinct categories of financial market players and some combination of them: Investor Speculator Gambler 1. Investor An investor […]