Short term Elliott Wave cycle suggests rally to 5420 on 10/23 ended wave “x”. From this level, Index has turned lower in wave ((W)) with the internal unfolding as a triple three structure where wave (W) ended at 5041 and wave (X) ended at 5334, wave (Y) ended at 4963, and second wave (X) bounce is […]

Elliott wave Theory is a great tool for traders when the traders understand that it is only a tool to help them anticipate a big move. The dream of traders using Elliott wave is always to see the Market rallying in their direction and the Plan becoming a reality. The Market moves in sequences which is either Impulsive […]

Correlation between Oil and $USDCAD One of the biggest trades in 2014 – 2015 is undeniably Oil and the correlated commodity currency Canadian dollar, or sometimes called Loonie. For some reasons, most Americans typically associate big crude oil exporters with Persian Gulf countries like Iraq, Kuwait, or Saudi Arabia. However, in reality, majority of crude oil consumed in the […]

Short term Elliott Wave cycle suggests rally to 20060 ended wave ((X)). From this level, Index has turned lower and reached 100% equal leg, therefore the cycle is mature. However, in the short term, the Index still can extend lower as far as 19844 pivot stays intact. Decline from 20060 is unfolding as a triple three structure where […]