Since Prime Minister Theresa May announced she stepped down from leadership position, the market has started to adjust the expectation for a hard Brexit scenario. Selling pressure on Poundsterling has intensified as the new prime minister hopefuls Boris Johnson and Jeremy Hunt adopted a hardline approach. Under the previous leadership of Theresa May, market previously […]

Gold shows an incomplete sequence from August 16, 2018 low favoring further upside. Near term, pullback to 1385.34 ended wave (4). The yellow metal has resumed higher in wave (5). Internal of wave (5) is unfolding as a 5 waves impulse Elliott Wave structure. Up from 1385.34, wave 1 ended at 1427.16 and wave 2 […]

eBay (NASDAQ: EBAY) is the world’s largest online marketplace that facilitates consumer-to-consumer and business-to-consumer. The company was founded in 1995 and currently operating in about 30 countries. The stock is up nearly 40% so far this year and the move higher was supported by a better-than-expected first-quarter results which saw improvement across several key operating metrics. The company is […]

NQ_F (Nasdaq Futures) has gained around 15% since it’s early June low and has gained 37% since it’s December 2018 low. It has been creating higher highs and higher lows and has also broken above October 2018 peak to create new all time highs. In this blog, we will look at the cycle from December […]