Short term Elliott wave count suggests that pullback to 6640 at 9/15 ended wave (X). The rally from there is unfolding as a double three where wave (w) ended at 6899.5, wave (x) ended at 6728.5, and wave (y) of ((w)) is proposed complete at 7091.5. Near term, while bounces stay below 7091.5, expect wave ((x)) pullback in 3, […]

Short term Elliott wave count suggests that pullback to 6640 at 9/15 ended wave (X). The rally from there is unfolding as a zigzag where wave (a) ended at 6899.5, wave (b) ended at 6728.5, and wave (c) is in progress as 5 waves. Wave iii of (c) is proposed complete at 6958.5 and a pullback in wave […]

In a significant shift of Arab Saudi’s oil policy since 2008, on Wednesday Sept 24, the kingdom has reached an understanding together with other members of the oil cartel to cut oil’s output to reduce the world’s supply glut. This is in contrast to Arab Saudi’s persistent policy to flood the oil market in the last few years to wage […]

Short term Elliott wave count suggests that pullback to 42.55 at 9/20 ended wave X. The rally from there is unfolding as a zigzag where wave (a) ended at 46.52, wave (b) ended at 44.2, and wave (c) of ((w)) is proposed complete at 48.32. While bounces stay below there, expect the instrument to pullback in 3, 7, or […]

The Elliott wave trading setup below comes from Sept 28 Live Trading Room session. $NZDCAD is showing a 5 swing sequence from 4/27 (0.8597) low and more upside is favored. Near term, pair is correcting cycle from 7/21 (0.9085) low towards 0.935 – 0.941 area before the rally resumes. We want to buy the pullback in 3, […]

Short term Elliott wave count suggests that pullback to 42.74 at 9/16 ended wave X. The rally from there is unfolding as a double three where wave (w) FLAT ended at 46.52, wave (x) ended at 44.22 and wave (y) is in progress as a flat towards 48.1 – 48.9 area to complete wave ((w)) and […]