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The SPY ETF is still trading within the Super Cycle degree from its 2009 lows. The ETF has now opened up another extension where it trades into new highs. Now, we should be looking into targets for the red wave V where the Super-Cycle can possibly end. Wave V possible targets in The Elliott Wave […]
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Importance of an Elliott Wave ZigZag Fibonacci Extension
Read MoreImportance of an Elliott Wave ZigZag Fibonacci Extension Firstly the point of measuring a Fibonacci extension is to get the area pinpointed that an Elliott Wave correction will move against the trend so an entry position into the market can be taken. The conventional thought is that the market will trend in impulses of 5, […]
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How to Measure Fibonacci Extensions in Elliott Wave Flat Corrections
Read MoreHow to Measure Fibonacci Extensions in Elliott Wave Flat Corrections In the first place the point of measuring a Fibonacci extension is to get the area pinpointed that an Elliott Wave correction will move against the trend. The conventional thought is that the market will trend in impulses of 5, 9, & 13 swings. The […]
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Elliott Wave View: Right Side in XLF Remains Higher
Read MoreXLF shows a bullish sequence from Dec 25, 2018 low favoring more upside.This article and video show the Elliott Wave path.
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German Chemical Company BASF Cuts Business Outlook, Whats next?
Read MoreIn today’s blog, we will have a look at the latest price action of the BASF stock. The stock is listed in the DAX 30 Index from Germany. BASF is a German-based chemical company which as its headquarter in Ludwigshafen am Rhein in Germany. BASF is the largest chemical producer in the world. On the 8th […]