A lot has been said and written about both the Democrat and Republican economic plans for a better economy. We believe in free enterprise and limited regulation, allowing humans to create and expand at their own will for the better but there is a vast difference between the two parties regarding the economic agenda. Most […]
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CADJPY Forecasting The Bounce From Blue Box Area
Read MoreIn this blog, we are going to take a look at the Elliottwave chart of CADJPY. The rally from August 26, 2019 low unfolded as 5 waves impulsive move up in wave (A) as a diagonal. Based on Elliottwave theory, the impulsive wave up will be followed by 3 waves correction before resuming to the upside. […]
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Elliott Wave View: Oil Shows 5 Waves Rally
Read MoreShort term Elliott wave view in Oil (CL_F) suggests the rally from February 5 low shows a 5 swing bullish sequence. We label the rally as an impulse Elliott Wave structure with a nest. Up from February 5 low, wave 1 ended at 52.2 and wave 2 pullback ended at 49.42. Wave 3 higher is […]
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Elliott Wave View: PayPal (PYPL) Right Side Remains Bullish
Read MoreAs US indices were making lower lows in January and February of 2019, PYPL was making higher lows setting up a bullish structure within a larger impulse up against its All Time Low of 30.00 set on 8/24/15. Taking a look at the 4h chart on PYPL, we favour that there is a wave ((3)) […]
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$SLV Ishares Silver Trust Larger Cycles and Elliott Wave
Read More$SLV Ishares Silver Trust Larger Cycles and Elliott Wave Firstly there is data back to when the ETF fund began in 2006 as seen on the weekly chart shown below. The fund made a low in 2008 that has not since been taken out in price. There is no Elliott Wave count on that weekly chart. […]