Short term Elliottwave view in FTSE suggests that the instrument is showing a 5 swing sequence from 2/1 low (7087.67) favoring more upside. From 2/1 low, the Index is rallying as a double three Elliottwave structure where Minute wave ((w)) ended at 7329.56 and Minute wave ((x)) ended at 7192.45. Index has since broken above 7329.56, suggesting the […]

Short term Elliottwave view in Crude Oil (CL_F) suggests that the instrument is currently correcting cycle from 11/14/2016 low (42.21) in 3, 7, or 11 swing before the next leg higher. Revised view suggests the decline starting from 1/3 high (55.24) is unfolding as a flat Elliottwave structure where Minor wave A ended at 50.71 and Minor wave B […]

Short term Elliottwave view in Crude Oil (CL_F) suggests that the instrument is currently correcting cycle from 11/14/2016 low (42.21) in 3, 7, or 11 swing before the next leg higher. Revised view suggests the decline starting from 1/3 high (55.24) is unfolding as a flat Elliottwave structure where Minor wave A ended at 50.71 and Minor wave B […]

Short term Elliottwave view in Crude Oil (CL_F) suggests that the instrument is currently correcting cycle from 11/14/2016 low (42.21) in 3, 7, or 11 swing before the next leg higher. The decline starting from 2/23 high (54.94) is unfolding as a double three Elliottwave structure where wave ((w)) ended at 52.54 and wave ((x)) ended […]

Short term Elliottwave structure of AUDCAD from 3/1 peak (1.025) looks to be showing an impulse structure with a nice 5 waves subdivision where Minuette wave (i) ended at 1.0198, Minuette wave (ii) ended at 1.0235, Minuette wave (iii) ended at 1.0115, Minuette wave (iv) ended at 1.0147, and Minuette wave (v) ended at 1.0098. We […]

Revised short term Elliott wave view in SPX suggests that the rally from 1/23 low is unfolding as a 5 waves Elliott wave impulse structure where Minor wave 1 ended at 2301 and Minor wave 2 ended at 2267.2. The Index has erased momentum divergence at the peak suggesting it is likely still within Minor wave 3 […]