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The SPY ETF is still trading within the Super Cycle degree from its 2009 lows. The ETF has now opened up another extension where it trades into new highs. Now, we should be looking into targets for the red wave V where the Super-Cycle can possibly end. Wave V possible targets in The Elliott Wave […]
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FCX Elliott Wave View: Buying The Wave 4 Pullback
Read MoreIn this blog, we take a look at the past performance of 1 hour Elliott Wave charts of FCX In which our members took advantage of the blue box areas.
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Elliott Wave View: Bitcoin (BTCUSD) Near The End of 5 Waves Rally
Read MoreElliott Wave view on Bitcoin (BTCUSD) suggests the rally from December 18, 2019 low is unfolding as a 5 waves impulse Elliott Wave structure. In the 1 hour chart below, we can see wave ((iii)) of the impulse ended at 8463.57. Pullback in wave ((iv)) ended at 7667 as a double zigzag Elliott Wave structure. Bitcoin […]
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Strong Labor Market and High Inflation Supports Canadian Dollar
Read MoreCanadian Dollar has staged a rally recently on the back of a strong jobs report. Recent strong jobs data and high inflation likely allows Bank of Canada (BOC) to maintain a steady rate this year. BOC will have its first rate meeting this year on January 22. Canadian employment report in December shows a strong […]
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Elliott Wave View: $DAX Extending Higher
Read MoreShort Term Elliott Wave view on $DAX suggests the pullback to 12886.55 ended wave (4). Index has resumed higher in wave (5) and the internal subdivides into a 5 waves impulse Elliott Wave structure. Up from wave (4) low, wave 1 of (5) ended at 13425.85. The internal subdivision of wave 1 is unfolding as […]