Short term Elliott Wave view in USDJPY suggests that rally to 115.48 on 3/10 ended Intermediate wave (X). Decline from there is unfolding as a zigzag Elliott wave structure in which the first leg wave A is subdivided in 5 impulsive waves. Down from 3/10 high, Minute wave ((i)) ended at 114.46, Minute wave ((ii)) ended at […]

Short term Elliott Wave view in EURJPY suggests that the decline to 118.18 on 2/24 ended Primary wave ((4)). Primary wave ((5)) is currently in progress higher and the rally from Primary wave ((4)) low at 118.18 is unfolding as an ending diagonal Elliott wave structure where Intermediate wave (1) ended at 122.88. The subwaves of Intermediate […]

Short term Elliott Wave view in EURJPY suggests that the decline to 118.18 on 2/24 ended Primary wave ((4)). Primary wave ((5)) is currently in progress higher and the rally from Primary wave ((4)) low at 118.18 is unfolding as an ending diagonal Elliott wave structure where Intermediate wave (1) ended at 122.88. The subwaves of Intermediate […]

The video below explains why SPX Index remains a buy in the dips due to incomplete bullish sequence in the Index from 11/4/2016 low and we also explain why we could expect SPX to pullback and show the area where dip buyers are expected to appear. SPX Index Video   4 Hour SPX Index Elliott […]

Short term Elliott Wave view in EURJPY suggests that the pair has ended the cycle from 2/24 low (118.18) and the instrument is pulling back to correct that cycle before turning higher again. Primary wave ((5)) is currently in progress higher and the rally from Primary wave ((4)) low at 118.18 is unfolding as an ending diagonal […]

The following text below is taken from the slides of Using Ichimoku Indicator with Elliottwave Chart Seminar recording. Trend Identification and Confirmation Most important aspect is the Cloud and Chikou Span BULLISH market = price and chikou span trade above cloud BEARISH market = price and chikou span trade below cloud When price is inside the […]