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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Elliott Wave View: Further Upside Expected in Amazon
Read MoreAmazon (ticker symbol: AMZN) broke above July 11, 2019 high (2035.8) a few weeks ago after reporting strong earnings. The stock now shows an incomplete bullish sequence from December 24, 2018 low favoring further upside. In the short term chart below, the rally to 2133.74 ended wave (1) and the pullback to 1998.29 ended wave […]
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IYR Forecasting The Rally & Buying The Dips At The Blue Box
Read MoreHello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of IYR published in members area of the Elliottwave-Forecast . As our members know, IYR is showing incomplete bullish sequences within higher time frames cycle. Break of 10/22 peak made ETF bullish against the 89.39 low […]
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Elliott Wave View: Pullback in Russell Should See Support
Read MoreRussell 2000 rally from Feb 1 low is impulsive and should see further upside while pullback stays above there. This article looks at the Elliottwave path.
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AUDJPY Forecasting The Bounce From The Blue Box Area
Read MoreIn this blog, we are going to take a look at the Elliottwave chart of AUDJPY. The rally from August 26, 2019 unfolded as 5 waves impulsive move up in wave (A) as a leading diagonal. Based on Elliottwave theory, the impulsive move up will be followed by 3 waves correction before extending higher. Therefore, […]