Expanded Elliottwave Flat is a 3 wave corrective pattern which could often be seen in the market. Inner subdivisions are 3, 3, 5 and labelled as A, B, C. Waves A and B have forms of corrective structures like zigzag, flat, double three or triple three. Whereas , wave C is always a 5 waves structure, […]

Preferred Elliott wave count suggests that rally to 0.776 ended wave ((w)) and wave ((x)) pullback is proposed complete at 0.7673. Rally from there is unfolding as a double three where wave w ended at 0.7723 and while wave x pullback stays above 0.7606, expect pair to resume higher. A break below 0.7606 suggests pair can extend lower to 0.7566 – […]

Recent U.S economic data has been mixed. Good data came from the job report, with July’s Non Farm Payroll number came out strong at 217K, which is comfortably beating the market expectation of 170K. Despite the good news, job number has been volatile and unpredictable. Recall that May’s job number only came out at 25K vs 152K consensus […]

Preferred Elliott wave count suggests that rally to 0.776 ended wave ((w)) and wave ((x)) pullback is proposed complete at 0.7673. Rally from there is unfolding as a double three and there’s enough number of swing to call wave “w” completed although a marginal high still can’t be ruled out towards 0.774 area. Pair is expected to pullback […]