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EURGBP Opened Further Extension Down in 7th Swing
Read MoreHello fellow traders. Another instrument that we have been trading lately is EURGBP . In this technical blog we’re going to take a quick look at the Elliott Wave charts of EURGBP , published in members area of the website. As our members know, EURGBP has incomplete bearish sequences in the cycle from the 08/28 […]
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BAC Elliott Wave Dips Are Expected To Remain Supported
Read MoreBAC short-term Elliott wave view suggests that a decline to $25.90 low ended cycle degree wave IV pullback as a Flat correction. Up from there, the stock is expected to resume the next leg higher in cycle degree wave V or should do another extension higher from $25.90 low because the rally higher from that […]
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SPX RSI Analysis Suggests the Sky Isn’t Falling – Yet
Read MoreTo be kind, it’s been quite a challenging couple of months for the emotional health of all of us, including traders. There’s been state sponsored attempted cover-up of a murder that could threaten the geo-political environment depending upon what the strong hand of the U.S. considers toward a so called “ally”, world record lottery jackpots […]
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Elliott Wave Analysis: Further Downside Expected in EURUSD
Read MoreEURUSD has broken below Nov 1 low (1.13) and now the pair shows a 5 swing bearish sequence from Sept 24 high (1.1815), favoring further downside. Short term Elliott Wave view suggests that the move higher to 1.15 ended wave ((2)) in Primary degree. Internal of wave ((2)) unfolded as a double three Elliott Wave […]