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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XLI Elliott Wave Analysis: Inflection Area Called The Rally
Read MoreHello fellow traders. In this blog, we will have a look at some past Elliott Wave charts of the Industrial Select Sector (XLI) which we presented to our members in the past. Below, you see the 1-hour updated chart presented to our clients on the 08/13/18 showing that XLI ended the cycle from 06/27 low in red wave 1. As […]
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EURJPY Elliott Wave Analysis: Upside Has Started
Read MoreEURJPY short-term Elliott wave analysis suggests that the rally to 130.85 high ended Minor wave A of a Zigzag structure. The internals of that rally higher unfolded in 5 waves impulse structure with the sub-division of 5 waves structure as mentioned previously in the previous post. Down from there, the pullback to 127.83 low ended […]
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AUDUSD Elliott Wave View: Right Side Calling Lower
Read MoreAUDUSD short-term Elliott wave view suggests that the bounce to 0.7384 high ended intermediate wave (X) bounce. Down from there, the pair has broken to new lows already confirming the intermediate wave (Y) lower. Thus suggesting that the right side in the pair is to the downside. The decline to 0.7084 low unfolded in 5 […]
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The Micex Index Long Term Bullish Trend and Cycles
Read MoreThe Micex Index Long Term Bullish Trend and Cycles The Micex index has trended higher with other world indices since inception. The index remained in a long term bullish trend cycle into the December 2007 highs. It made a sharp correction lower in 2008 that lasted until October 2008 similar to other world indices. That is […]