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 […]

In this technical blog we are going to take a quick look at the USD CAD Elliott wave structure from January 31 cycle (1.2967), in which the pair was expected to do a double three Elliott wave, where wave Minute wave ((w)) ended at 1.3209 & Minute wave ((x)) at 1.3006, up from there Minutte wave (w) […]

Last week , GBP USD ended the cycle from 02/02/2017 peak which unfolded as a double three Elliott wave structure with a FLAT in the Y leg. Pair slightly exceeded 123.6 Fibonacci extension (1.2145) of the first 3 swings lower from 2/2 peak before making a push higher today. With the bounce seen today, it has […]

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 […]