GBPUSD short-term Elliott Wave analysis suggests that the rally from 8/15/2018 low at 1.2660  to 1.3042 high ended Minor wave 1. The internals of that rally higher took place in 3 wave corrective sequence i.e double three thus suggesting that the pair can be doing a Leading diagonal structure. Up from 1.2660 low, the initial […]

Last Friday Australian Dollar dipped to a two-and-a-half-year low after it broke blow 71 US cents due to a rising US Dollar and escalation in US-China trade wars. The last time the Australian Dollar traded below 71 US cents was on February 2016. The currency fell out of favor after last week’s comment by President […]

Tesla shares (TSLA) dropped sharply to as much as 10% to $252.25 in New York after the company disclosed that its chief accounting officer is resigning after less than a month into the job. The head of HR, who is currently on leave, also said she won’t be rejoining the company. This is the steepest […]

ES_F Short-term Elliott wave analysis suggests that the pullback to $2803.15 ended Minor wave 2 pullback. Up from there, the index has rallied higher into new highs confirming that Minor wave 3 has started. The internals of that rally higher is unfolding as impulse structure with the sub-division of 5 waves structure in the lesser […]