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 Analysis: Amazon Rally Should Fail for Yet Another Low
Read MoreShort term Elliott Wave View in Amazon (ticker: AMZN) suggests that the bounce to 1784 ended Cycle degree wave x. Cycle degree wave y is currently in progress lower as a double three Elliott Wave structure. Down from 1784, Primary wave ((W)) ended at 1420 and Primary wave ((X)) bounce is in progress towards 1631.54 […]
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Elliott Wave Analysis: EURUSD 5 waves structure looking for more downside
Read MoreCycle from Sept 24 high (1.182) in EURUSD remains in progress as an Elliott Wave impulse structure where Primary wave ((1)) ended at 1.1214 and Primary wave ((2)) is proposed complete at 1.147. Pair still needs to break below Primary wave ((1)) at 1.1214 to validate this view. Until then, we still can’t rule out […]
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USDX Forecasting The Rally After Pull Back
Read MoreHello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of USDX published in members area of The Website. As our members know, USDX has incomplete bullish sequences. Break of August 15th peak has made the structure incomplete to the upside, suggesting the USDX is bullish […]
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G20 Meeting May Dictate Path of Stock Market for Rest of the Year
Read MoreGlobal Indices continue to retreat in the fourth quarter of this year as the combination of Fed’s quantitative tightening and escalating trade wars threatens to derail the 10 year bullish market. Below is the Year-to-Date return of the Global Indices as of Friday Nov 24: Next week, global Indices will have a chance to find […]