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 […]
-
Elliott Wave Intraday Analysis: USDJPY is Correcting Before Resuming Lower
Read MoreShort Term Elliott Wave USDJPY suggests that the pair is developing a bearish sequence from 07.03.2024 high. The decline made a double correction Elliott Wave structure. Down from 07.03.2024 high, wave A ended at 155.36 low. Rally in wave B ended at 157.86 high with internal subdivision as zig zag structure. Then, the pair resuming lower […]
-
Using RSI to Identify Elliott Waves – Elliott Wave Basics
Read MoreIf you’re new to Elliott Wave, you may be asking: How do I tell if a wave is over when there’s so much price movement? One tool, in addition to trendlines, is to use Relative Strength Index (RSI). Relative Strength Index The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the […]
-
Elliott Wave Analysis: GBPNZD Found Buyers From The Blue Box
Read MoreHello, traders. Here’s a new blog post where we discuss how Elliottwave-Forecast members found an opportunity in the GBPNZD forex pair. First, we’ll explain why we recommended this trade to our members. Then, we’ll explore the trade’s potential and how we want our members to manage it. Let’s start with the background. We begin by […]
-
Elliott Wave Intraday Analysis: SPX Resumed the Rally
Read MoreShort Term Elliott Wave View in SPX suggests the trend should continue higher within the sequence started from March 2023 low as the part of daily sequence. It favors upside in wave ((5)) while dips remain above 5124.76 low. Since March 2024 high of (3), it starts a correction as wave (4) ending in April […]