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In this article, we will look at the American Airlines (AAL) to make sense of the recent huge volatility in the stock market. The world faces a tremendous crisis due to the pandemic created by the Corona virus. The financial markets consequently have entered a tremendous selling pressure. As it always happens, some sectors always […]
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$CL ! Crude Oil bounces to fail for more downside
Read MoreOil completed ((B)) @ 94.88. As per preferred Elliott Wave view, we have seen a 3 wave decline to 88.18 which completed wave W. Oil is now bouncing to correct the drop from 94.88 high. This bounce could test 50- 61.8 fib (91.54 – 92.34) area before decline resumes again. We don’t like buying Crude Oil […]
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Crude Oil looking for equal legs lower
Read MorePreferred Elliott Wave view suggests Oil completed ((B)) @ 94.91. Cycle from 94.91 has concluded at 90.86 which completed wave (( a )) of the new down cycle. Oil has tested 50 back of the decline from 94.91 and has seen a sharp rejection, we believe wave (( b )) has completed at 92.94 and an […]
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GBPUSD: Elliott Waves forecasting the path from 9.16.2014
Read MoreAt the middle of September our Elliott Wave analysis for GBPUSD suggested that cycle from the 1.6062 low isn’t completed at 1.6278 , just only the first leg W. The price had given us decline in wave X and reached our potential reversal area. Another 3 wave rally from marked zone 1.6170-1.6145 was expected. Let’s […]
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Equal leg in AUD/JPY
Read MoreIn today’s trading environment, market seldom moves in 5 impulsive waves and 3 waves corrections like in the past. Today’s market is driven by High Frequency Trading and algos, and it moves in corrective manner most of the time with equal leg ABC or WXY ruling the market. In this blog, we will take a look at equal […]