Hello fellow traders. Today, I want to share some Elliott Wave charts of the GDX which we presented to our members in the past. You see the 1-hour updated chart presented to our clients on the 07/30/19. showing that GDX ended the cycle from 05/13/19 low at the peak of 07/23/19 at 28.41. Below from there, we […]

Nikkei is correcting the cycle from July 25 high as a zigzag and can see sellers for more downside while rally fails in 3, 7, or 11 swing.

Last week’s tweet by president Trump to slap a new round of tariffs to Chinese goods has sparked risk aversion in the market.  Trump announced that he is imposing an additional 10% tariff on $300 billion of Chinese imports beginning on September 1. Trump said the additional tariff is due to China being slow to […]

NZDJPY extends lower after the 50 bp rate cut by RBNZ. Elliott wave view suggests the pair shows incomplete bearish sequence favoring more downside.