Short term Elliottwave structure suggests Index ended wave X bounce at 10340. Decline from there is unfolding as a double correction where wave (W) ended at 9226.15 and wave (X) bounce ended at 9808.77. Near term wave ((w)) is proposed complete at 9310, and wave ((x)) bounce is in progress to correct the decline from 9808.77 in 3, 7, or […]

Here is Strategy Of The Day presented to clients on 6/27/2016. Long EURGBP 6/27/2016 EURGBP is showing an incomplete bullish sequence up from July 2015 and also from May 2016 lows which means the sequence is bullish against 0.7978 (6/24) low and against 0.7563 (5/25) low. Therefore, our strategy is to buy dips in 3, […]

Short term Elliottwave structure suggests Index ended wave X bounce at 10340. Decline from there is unfolding as a double correction where wave (W) ended at 9226.15 and wave (X) bounce ended at 9808.77. Near term wave ((w)) is proposed complete at 9310, and wave ((x)) bounce is in progress to correct the decline from 9808.77 in 3, 7, or […]

The Elliott wave Theory was developed in 1930 and of course the most popular pattern is the 5 waves advance and 3 waves back to correct the advance or decline.  Since the Theory was developed the Marketplace has changed some as well as the charting tools we have at our disposal now. Consequently the main idea has […]