Elliott Wave Structures and Fibonacci Ratio Seminar

Elliott Wave Webinar

Elliott Wave Structures are part of Elliott Wave Theory which is a form of technical analysis to analyze financial market cycles and forecast trends. It is named after Ralph Nelson Elliott (1871 – 1948). Inspired by the Dow Theory and by observations found throughout nature. Elliott concluded that the movement of the stock market could be predicted by observing and identifying a repetitive pattern of waves. Elliott noted from his observation that movement in the direction of the trend is … [Read more...]

Crude Oil: The next leg higher has started

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Revised view suggests that Crude Oil rally from 1/10 low (50.71) is unfolding as a diagonal where Minor wave 1 ended at 54.08 and Minor wave 2 is proposed complete at 52.22. A break above 54.08 would add more conviction to the view that the next leg higher has started, until then a double correction in Minor wave 2 and another low below 52.22 can’t be ruled out. Near term, expect more upside towards 53.96 - 54.28 area to complete Minuette wave (w) and end cycle from 1/31 low (52.22). Afterwards, … [Read more...]

Oil CL_F: Correction Still in Progress

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Rally to 55.24 completed Intermediate wave (W) and ended the cycle from 8/3/2016 low. From 55.24 high, oil turned lower to correct the cycle from 8/3 low as a double three structure where Minor wave W ended at 50.71 and Minor wave X ended at 54.08. Decline from 54.08 high is unfolding as a double three where Minuette wave (w) ended at 52.58 and Minuette wave (x) ended at 53.56 as a FLAT. While Oil stays below 1/27 peak (54.08), it has scope to resume lower towards 51.69 - 52.04 area to complete … [Read more...]

Oil CL_F: Buying Opportunity should come soon

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Rally to 55.24 completed Intermediate wave (W) and ended the cycle from 8/3/2016 low. From 55.24 high, oil turned lower to correct the cycle from 8/3 low as a double three structure where Minor wave W ended at 50.71 and Minor wave X ended at 54.08. Decline from 54.08 high is showing a 5 swing structure suggesting that short term, while oil remains below 53.46, another leg lower is expected towards 51.02 - 51.95 area to complete Minute wave ((w)) and end cycle from 1/27 peak (54.08). Afterwards, … [Read more...]

GBPAUD Jan 24 Live Trading Room Setup

GBPAUD Live Trading Room

In Jan 24 Live Trading Room, we presented an idea to buy GBPAUD pullback at 1.6405 as the pair looks to have bullish 5 swing sequence from Jan 15 low and favor more upside. We bought wave ((b)) pullback at 1.6405 and the trade reached the target our target of 1.668 one day later for 275 pips. Below is a clip taken from January 24, 2017 Live Trading Room. GBPAUD Trade Setup   GBPAUD 1 Hour chart    Below is the trading journal that we presented to the … [Read more...]

AUDUSD Elliottwave Analysis: Close to turning

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AUDUSD move up from 12/23 low is extending and as pair keeps extending higher with shallow pull backs, it looks like the move up from 12/23 low is unfolding as an Elliott wave impulse and although the cycle is mature, more upside within wave 5 is expected as a diagonal before pair ends the cycle from 12/23 low. Rally to 0.735 is labelled as Minor wave 1 and dip to 0.7283 is labelled as Minor wave 2. Up from there Minor wave 3 ended at 0.7568 and Minor wave 4 pullback is proposed complete at … [Read more...]