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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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$XAU/USD (Gold) 1 Hour Elliott Wave update
Read MoreWe like the idea of Gold trading higher in a triple three corrective structure. Short-term expect a test of 1299 area to complete wave (( w )) of Z. After this Gold should make a 50 – 61.8 % pull back of the rally from 1237.70 low and see more strength toward 1308 – 1337 […]
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$HG_F (Copper) More downside after wave B
Read MorePreferred view suggests Copper has complete the triangle thrust which also completed the cycle from 3.425 peak (1.2.2014). We have labelled the decline from 3.425 – 3.175 as wave A and treating the current recovery as wave B. So far we have seen 3 swings up from the low so that should have completed wave […]
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AUDJPY: Anticipating the drop
Read MoreCheck out these charts to see how NEW Elliott Wave Analysis called this drop in AUDJPY January 22/2014 (Asia Update) January 22/2014 (London Update) January 23/2014 (London Update) January 23/2014 (New York Update) January 24/2014 (Asia Update) January 24/2014 (London Update) January 25/2014 (Weekend Update) Over 400 […]
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$NZDUSD: Wave B nearing completion
Read MorePair has broken 0.8078 low and we believe wave A completed at 0.8059. Wave B is in progress as FLAT and can get rejected between 0.8202 – 0.8245 area for more downside. We don’t like buying the pair in proposed push higher as hourly cycles are negative and like more downside after wave B is […]