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Elliott Wave Analysis: USDJPY Looking for Further Strength
Read MoreShort term Elliott Wave View in USDJPY suggests that the pullback to 112.27 ended Minute wave ((x)). Internal of Minute wave ((x)) unfolded as a zigzag Elliott Wave structure where Minutte wave (a) ended at 113.07, Minutte wave (b) ended at 113.7, and Minutte wave (c) of ((x)) ended at 112.27. Minute wave ((y)) rally […]
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Elliott Wave: SPX Decision Time Is Coming Soon
Read MoreThe SPX Index is trading within a Blue Box in our system, these boxes are areas in which the Market needs to define whether it will become an Impulsive sequence which runs in 5-9-13 waves or corrective sequence in which runs in 3-7-11 waves. Many traders who follow The Elliott wave Theory understand the idea of […]
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Copper Elliott Wave View: Found Sellers in Blue Box
Read MoreIn this blog, I want to share some short-term Elliott Wave charts of Copper which we presented to our members in the past. Below, you see the 1-hour updated chart presented to our clients on the 10/20/18 indicating that Copper ended the cycle from 09/21/18 peak in red wave W at 11/01/18 low (2.6435). As Copper ended the […]
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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 […]