Best reading of Elliott wave cycles suggests rally to 7129.8 ended wave W. The Index is currently in wave X pullback as a double three where wave ((w)) ended at 6930 and wave ((x)) ended at 7067.34. The Index has reached 100% of the ((w))-((x)) and expected to end wave X somewhere between 6745 – 6868 […]

Best reading of Elliott wave cycles suggests rally to 7129.8 ended wave W. The Index is currently in wave X pullback as a double three where wave ((w)) ended at 6930 and wave ((x)) ended at 7067.34. While bounces stay below 7067.34, and more importantly below 7129.8, expect more downside in wave ((y)) of X towards 6821.1 […]

Best reading of Elliott wave cycles suggests rally to 7129.8 ended wave W. The Index is currently in wave X pullback as a double three where wave ((w)) ended at 6930 and wave ((x)) ended at 7067.34. While bounces stay below 7067.34, and more importantly below 7129.8, expect more downside in wave ((y)) of X towards 6821.1 […]

Cycle, Trend, and Seasonality make up three components of price movement. There is also a fourth component which is noise. Noise is everything else that can’t be explained by the other three components. Cycles can be complex and difficult to see because there’s often a combination of large and smaller patterns, and cycles within cycles, […]

Best reading of Elliott wave cycles suggests rally to 7129.8 ended wave W. The Index is currently in wave X pullback as a double three where wave (w) ended at 6930 and wave (x) ended at 7067.34. While bounces stay below 7067.34, and more importantly below 7129.8, expect more downside in wave ((y)) of X towards 6820.26 […]

Below is an update for NZDCAD active setup as of Oct 27, similar setup to what we present at Live Trading Room. The pair is showing a 5 swing Elliott wave sequence from 8/24 (0.8246) low, suggesting more upside is likely. Near term, while bounces stay below wave W at 0.9735, pair ideally makes another […]