Hello fellow traders, in this technical blog we’re going to take a quick look at the short term structure of Facebook’s shares price. Facebook began selling stocks to the public in May 2012, as a part of Nasdaq stock exchange with initial price of $38 per share. Eventyaly, the market developed a strong, 3-year-old bullish […]

In February 2016, we spotted 5 swings up from April 2013 low  (XAUAUD) and argued that by the time it completed 7 swings up from April 2013 low, it would have almost broken above August 2011 peak which will make the weekly sequence bullish. In 2nd quarter of 2016, we saw Gold (XAUAUD) making a […]

Nikkei Short Term Elliott wave cycles suggests that decline to 16140 ended wave (X). Rally from there is unfolding as double three where wave W ended at 17635 and wave X ended at 17291. Near term focus is on 18207 – 18427 area to complete wave ((w)), then it should pullback in wave ((x)) in 3, 7, or 11 […]

Many traders overlook the process of selecting the right instruments to trade. Trading is a process which requires a lot of discipline and a good technique to be consistently profitable. Selection is one of the aspects which can define the life of a trader because without the right selection process, most traders are going to […]