A lot has been said and written about both the Democrat and Republican economic plans for a better economy. We believe in free enterprise and limited regulation, allowing humans to create and expand at their own will for the better but there is a vast difference between the two parties regarding the economic agenda. Most […]
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A look at the Gold move up from 1240 low
Read MoreGold has been steadily moving higher since forming a low at 1240. Let’s take a look at some charts from members area to see how we called this move. As you can see on H4 chart below , preferred Elliott wave view was calling for pull back which was supposed to correct cycle from 1240.3 low toward […]
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$GBPCHF Short-term Elliott Wave Analysis 7.13.2014
Read MoreGBPCHF preferred Elliott wave structure shows 5 swings up from 6.5.2014 (1.4972) low. We believe pair is currently in 6th swing which has already tested 50 fib (1.5251) but can reach as low as 1.5190 – 1.5223 area before it turns higher toward 1.5464 ( C = A ) to end a 7 swing structure […]
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$NZDUSD Daily Elliott Wave Analysis 7.13.2014
Read MoreNZDUSD is ending a cycle from June 24 2013 which is taking the form of a WXY structure in which wave ( W ) was a FLAT. Dip to 0.8052 (2.4.2014) was wave ( X ) connector which was followed by 3 waves up to 0.8701 (4.1.2014) which we have labelled as wave ( A […]
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5 wave Elliott wave Impulse
Read MoreGold has been rallying since early June low of 1240 in 5 waves. In Elliott Wave Principle, market does not run in straight line and after 5 waves rally, a pullback in 3 waves is expected. Current wave structure and count in gold suggest that the yellow metal is close to completing this 5 waves rally in an […]