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Elliott Wave Analysis: EURJPY Has a Bearish Sequence
Read MoreEURJPY short-term Elliott Wave view suggests that the bounce to 5/14 high at 131.38 ended wave (2). Down from there, the decline is unfolding as Elliott wave impulsive structure as expected and should complete wave (3). The internal sub-division of each leg lower is showing 5 waves structure in lesser degree cycles, which is characteristic of […]
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USDX Elliott Wave View: Ending Diagonal In Progress
Read MoreUSDX short-term Elliott Wave view suggests that the rally from 5/14 low 92.24 is extending higher as Elliott Wave Ending diagonal structure within Intermediate wave (5). Keep in mind that Ending Diagonal usually appears in sub-division of wave (5) of impulse or wave C of Zigzag or Flat. In Ending Diagonal, the internal distribution of […]
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Sentiment Extreme Drags GBPUSD Lower
Read MoreIn this blog, I want to discuss the retreat in the COT Sentiment Net long position in the GBPUSD and what effects it can take. First off let me start explaining what the COT report is all about. The Commitments of Traders Report, short COT is a weekly market report which is issued by the Commodity Futures […]
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Natural Gas ( NG #F) Buying The Dips
Read MoreHello fellow traders. Another trading opportunity we have had lately is Natural Gas (NG #F). In this technical blog we’re going to take a quick look at the past Elliott Wave charts of NG #F published in members area of the website. In further text we’re going to explain the forecast and trading setup. Natural […]