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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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$EURGBP 1 Hour Elliott Wave Analysis (updated)
Read MorePreferred view is that a mid-term low has formed @ 0.8153 and completed wave (( B )) on the daily time frame. Pair is in wave ( v ) of (( c )) higher toward 0.8400 – 0.8420 region to complete wave A. After that pair should make a pull back in wave B which […]
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$EURGBP 1 Hour Elliott Wave Analysis
Read MorePreferred view is that a mid-term low has formed @ 0.8153 and completed wave (( B )) on the daily time frame. Short-term consolidation is taking the form of a triangle and is valid as far as price stays above 0.8327 low. As this level holds, a push higher toward 0.8400 – 0.8420 region is […]
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The Elliott Wave Expanded Flat Correction
Read MoreThe Expanded Flat correction is a common corrective structure seen in wave 2 and 4 of a Motive Wave, the connector in a Zig Zag or any part of a Double or Triple Correction. In a bullish trend scenario price moves against the trend lower in a 3 wave structure to form wave A. Wave […]
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$TNX (US 10 year yields) 1 Hour Elliott Wave Analysis
Read MorePreferred view now is that 10 year yields have completed wave ( B ) at 2.82% and have resumed the decline. Bounces should now prove corrective and as far as they stay below 2.82%, we would expect more downside in TNX. We don’t like buying into proposed bounces. Primary view calls for a drop to […]