In this blog, I want to share some short-term Elliott Wave charts of the Dow Jones Industrial which we presented to our members in the past. Below, you see the 1-hour updated chart presented to our clients on the 08/02/18 indicating that Dow Jones ended the cycle from 07/27 low in red wave 1. As Dow Jones ended the […]

GBPUSD short-term Elliott Wave analysis suggests that the decline from 7/09/2018 peak (1.3361) is unfolding as Elliott wave zigzag when Minor wave A ended in 5 waves structure at 1.2956 low. Up from there, the bounce to 1.3214 high ended Minor wave B. The internals of that bounce unfolded as a Double three structure where […]

Dow Futures ticker symbol: YM_F short-term Elliott wave view suggests that the rally from 6/28/2018 low cycle to 25572 high on 7/27/2018 peak ended Minor wave 1. The internals of that rally higher took place as an impulse structure with sub-division of 5 waves structure in each leg higher. Down from there, the index corrected […]

Poundsterling Slumped after Rate Hike Decision The Bank of England raised benchmark interest rate to 0.75% with unanimous 9-0 vote. Poundsterling initially rallied but subsequent press briefing reversed those early gains. Despite the uncertainty in Brexit talks, BOE policy makers went ahead with the rate hike due to mounting price pressure. Governor Mark Carney suggested […]