Short term Elliottwave structure suggests wave “b” is proposed over at 1156.07. Decline from there is unfolding as a double three structure where wave (W) ended at 1101.57, and wave (X) bounce ended at 1129. Wave (Y) of ((W)) is in progress as a triple three where wave ((w)) ended at 1101.26, wave ((x)) ended at 1119.68, […]

Trend: Applying the concept the trend is your friend Many traders like to trade every single swing in the market. In reality, unless you trade as a High Frequency Trading machine or you are a market maker, it is almost impossible to trade every single swing. After years of trading and suffering shallow bounces and losing some money, I realized it is better […]

This is a an Elliottwave Analysis video on $NZDCAD. Short term, the pair looks to have ended cycle from 12/29/2015 peak, and pair should be in larger wave (X) bounce to correct the decline from 0.958 before pair turns lower again. Near term target is 0.889 – 0.893 area, then it should pullback in 3 waves before higher […]

Short term Elliottwave structure suggests wave “b” is proposed over at 1156.07. Decline from there is unfolding as a double three structure where wave (W) ended at 1101.57 and wave (X) bounce ended at 1129. Secondary high wave ((x)) is also proposed complete at 1119.68. While the index stays below 1119.68, and more importantly as […]