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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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$EURGBP Wave B in progress
Read MorePair has been trading lower after a test of 0.8400 which we believe completed wave A (cycle from 0.8153 low). Decline so far is in 3 waves so it’s a corrective decline just like the previous updates had been reflecting. Reaction off today’s low suggests wave (( a )) is in place and pair is […]
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Tracking Cable: GBPUSD
Read MorePair has been trading lower for the last week or so. Let’s take a look at some charts from members area to see how NEW Elliott wave theory called the move lower in GBPUSD pair GBPUSD March 10/2014 (New York Update) GBPUSD March 12/2014 (Mid-day Update) GBPUSD March 13/2014 (London Update) GBPUSD […]
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$GBPCHF 1 Hour Elliott Wave Analysis
Read MorePreferred view is that mid-term peak has formed at 1.5123, wave A completed @ 1.4464 and wave B in progress toward 1.4700 – 1.4750 area from where the decline should resume. We don’t like buying the pair in proposed push higher as the move up from the low is so far in 3 waves. Click HERE to […]
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$EURGBP: Elliott Wave Analysis
Read MoreEURGBP is close to ending a cycle on 1 hour time frame. Short-term pair is consolidating in a triangle which is valid as far as price stays above 0.8327 low. As this level holds, expect a push higher toward 0.8400 – 0.8420 area to complete wave A and a pull back in wave B should […]