Short term Elliottwave structure suggests wave (W) dips to $89.47 ended cycle from 4/15 peak. From there, Apple is in wave (X) bounce to correct the decline from 4/15 peak. Internal structure of wave (X) bounce is unfolding as a double three where wave W ended at $95.21, and wave X ended at $93.54. While wave ((x)) dips stay […]

Global consumption for 2016/17 is forecast at a record 174 million metric tons (raw value), exceeding production and drawing stocks down to the lowest level since 2010/11.  Production is up 4 million tons to 169 million as gains in Brazil and the European Union more than offset a decline in India.  With growing demand, imports […]

Here is a quick blog from our Live Trading Room host, Dan Hussey. Take a look at how to manage your risk by using inflection zones and Elliot Wave to your advantage. The Live Trading Room is held daily at 8:00 AM  EST , join Dan there for more insight into these proven methods of trading. EUR/AUD Live […]

Here is a quick video update on XAUAUD (Gold-Australian dollar) structure to see what progress we have made since the last video update. Instrument made a new high above 1759.73 as expected and now has minimum number of swings in place to call the cycle from 4/19 and hence 4/1 lows completed. However, while above […]