Hello fellow traders.  Another instrument that we have been trading lately is NIKE stock. In this technical blog we’re going to take a quick look at the Elliott Wave charts of NIKE, published in members area of the website.  As our members know, NIKE had incomplete bearish sequences in the cycle from the 01/21 peak, […]

The weekly technical structure of the Carrefour stock price is a good example of a market correction struggling with the lack of space.  Hereby, we observe a situation where the price extends lower in a Elliott Wave double three pattern of multiple cycle degrees. However, the view of the bottom line forces the stock price into […]

Bank of England (BOE) decided to leave interest rate unchanged at a record low of 0.1% last week. This allows EURGBP to correct from seven month highs. After reaching the high at 0.95, EURGBP pulled back to 0.89 after BOE injected liquidity into the market The BOE has already cut the interest rate by 65 […]

Nasdaq Index (NQ_F) ended the cycle from February 20, 2020 high at 6628.75 as wave (a). Internal of wave (a) unfolded as a 5 waves impulse Elliott Wave structure. Down from February 20 high, wave I ended at 8126.25 and bounce in wave II ended at 9002.50. Index then resumed lower in wave III towards […]