The GBPUSD has been declining since the late 1960’s. The currency instrument did see a three wave decline into the 1985 low. This low represents either a pause into the longer term decline sequence or the beginning of a new bullish sequence. From the 1985 lows the currency rallied for 22 years based in Elliott wave hedging, which […]

CL_F (Oil) is showing an incomplete 5 swing sequence from 2/8 low ($26.02), favoring for more upside. The latest rally up from 11/14 low ($42.2) is proposed to be unfolding as a triple three where wave W ended at $49.2, wave X ended at $44.82, wave Y ended at $54.51, and second wave X ended […]

CVR Energy Presentation & News CVR Energy ( NYSE:CVI ) is a diversified holding company primarily engaged in the petroleum refining and nitrogen fertilizer manufacturing industries through its holdings in two limited partnerships, CVR Refining ( NYSE:CVRR ) and CVR Partners ( NYSE:UAN ). The largest shareholder of CVR Energy is Carl Icahn, who, through Icahn Enterprises, […]

XAG (Silver) is showing an incomplete Elliott Wave sequence from 11.9.2016 peak. There are 5 swings down from 11.9.2016 peak which makes short-term sequence bearish against 12.7.2016 (17.25) peak. Decline from 18.99 – 16.14 was a 3 wave move labelled wave W followed by a 3 wave bounce to 17.25 that completed wave X. Cycle […]