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The SPY ETF is still trading within the Super Cycle degree from its 2009 lows. The ETF has now opened up another extension where it trades into new highs. Now, we should be looking into targets for the red wave V where the Super-Cycle can possibly end. Wave V possible targets in The Elliott Wave […]
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Elliott Wave View: Copper Expected to Turn Lower Soon
Read MoreShort Term Elliott Wave structure in Copper suggests the rally to $2.64 ended wave (2). The metal has since resumed lower in wave (3). The internal of the move lower is unfolding as an impulse Elliott Wave structure. Down from 2.64, wave ((i)) ended at $2.578, wave ((ii)) ended at $2.626, wave ((iii)) ended at […]
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$USDJPY Forecasting The Decline After Running Flat Pattern
Read MoreHello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of USDJPY published in members area of the website. As our members know, USDJPY has incomplete bearish sequences in the cycle from the 04/24 peak. That makes the pair bearish against the 109.33 high. Consequently, we […]
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Canopy Growth Corporation – Investment Opportunity Around the Corner
Read MoreThe world’s largest medical cannabis producer by market cap, Canopy Growth (NYSE : CGC) reported earning two weeks ago. While revenue surged by nearly 250% year over year to 90.5 million Canadian dollars, it was down 59% from the previous quarter and more than 20 million Canadian dollars below the average analyst estimate which raised some concerns. The company managed […]
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Elliott Wave View: Silver Remains Supported
Read MoreSilver continues to benefit from the flight to safety after trade war escalation. This video discusses the short term Elliott Wave path.