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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Boeing (BA): Forming the Biggest Peak Since 2003 lows
Read MoreThe Stock is trading within a very technical area and it is showing a very clear 5 waves advance Elliott wave structure from its 2013 lows. When a 5 waves structure can be seen we always should be careful and pay attention to the direction of the 5 waves. Accordingly, to the Elliott Wave Theory […]
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The $TSX.CA Composite Index Cycles & Bullish Trend
Read MoreThe $TSX.CA Composite Index Cycles & Bullish Trend Firstly, the index has rallied with other world indices trending higher into the June 2008 highs. It then corrected the bullish cycle as did most other world indices. The index ended that larger degree correction in March 2009. It is at this point where the index corrected […]
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BAC Elliott Wave Analysis: Calling The Reaction From Inflection Area
Read MoreIn today’s blog we will look at Bank of America’s chart (BAC) which shows a blue box. This blue box represents inflection area where a reaction in 3 waves at least can happen. Below, you see the 1-hour updated chart presented to our clients on the 02/28/19. From 02/08/19 low (27.88) the stock ended the cycle at 01/27/19 […]
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Elliott Wave View: EURUSD Breaks Down After ECB Meeting. What’s Next?
Read MoreThis article and video explains the short term Elliott Wave path for EURUSD. The pair now shows bearish sequence favoring further downside.