Short term Elliott Wave view in GBPUSD shows that rally to 1.2816 ended wave (4). Internal of that rally unfolded as a triple three Elliott Wave structure. Up from wave (3) at 1.2476 on 12.12.2018 low, Wave W ended at 1.2687 and wave X ended at 1.2528. Rally to 1.2739 then ended Wave Y, second […]

ROKU investors had great hopes for 2018 as the streaming TV platform continued it outstanding growth in addition to its stock price surging to new all time highs. However in just 3 months, the stock erased all gains to end up with -40% similar to the rest of stock market in 2018. The company earning report […]

Six years ago in 2012, Euro zone was in the midst of crisis, with bailouts of Greece pushing the Euro to the verge of a collapse. Peripheral European countries like Greece, Portugal, Italy were unable to sell government bonds without offering significant yield.  In order to convince international investor, ECB President Mario Draghi back in […]

Today, we will have a look at Elliott Wave charts of XLI which we presented to our members in the past. You see the 1-hour updated chart presented to our clients on the 12/19/18. XLI had a Bearish sequence suggesting more downside. XLI ended the cycle from 12/11/18 peak in red wave A at 12/17/18 low (65.51). Above […]