Short term Elliott Wave cycle suggests bounce to 5117.3 ended wave (X). First leg of decline from this level unfolded in a zigzag and ended wave W at 4847. Wave X bounce is currently in progress in 3 or 7 swing to correct the decline from 5117.3 and ideally can reach 4981 – 5012 area before the […]

Canada’s Economy In the first half of 2015, Canada slipped into technical recession, as defined by two consecutive quarters of negative GDP. Depressed oil prices in 2015 has caused significant pain to Canadian economy which is a net exporter of energy, and it has also caused the weakening of Canadian dollar, which is down 10% […]

Short term Elliott Wave cycle suggests bounce to 5117.3 ended wave (X). Decline from this level is unfolding in 5 waves and another swing lower in wave ((v)) is possible to end wave A towards 4823 before a larger bounce in wave B is seen to correct the decline from 5117. Wave B bounce is expected to fail […]

Short term Elliott Wave cycle suggests decline to 86.35 ended wave 3. From this level, wave 4 bounce is unfolding as a double three where wave ((w)) ended at 87.4, wave ((x)) ended at 86.36, and wave ((y)) of 4 is in progress towards 87.43 – 87.7 area before lower again. We don’t like buying the pair […]