Elliott Wave View: GBPJPY Ending 5 Waves ImpulseRead More
Elliott Wave view in GBPJPY suggests that the decline from December 13, 2019 high is unfolding as a 5 waves impulse Elliott Wave structure. Down from December 13, 2019 high, wave 1 ended at 141.14, and wave 2 bounce ended at 144.96. Pair extended lower in wave 3 at 132.51 & wave 4 bounce ended […]
Elliott Wave View: DAX Has Reached Minimum TargetRead More
DAX has reached the minimum target from Feb 19 peak and may see slowing down of the selloff and consolidate soon. This video look at the elliottwave path.
Elliott Wave View : S&P 500 (SPX) Reaching Inflection AreaRead More
Short term Elliott Wave view in S&P 500 (SPX) suggests cycle from February 19, 2020 high is unfolding as a double three Elliott Wave structure. Down from February 19, 2020 high, wave ((W)) ended at 2855 low. The bounce in wave ((X)) ended at 3136 high. From there, the Index has extended lower and broken […]
Elliott Wave View: BAC Looking for More DownsideRead More
BAC shows impulsive structure from December 2019 high, favoring more downside. This article and video look at the Elliottwave path.
Elliott Wave View: Nike Rally Expected to FailRead More
Nike (Ticker: NKE) shows an incomplete sequence from January 22, 2020 high suggesting further downside is likely. The decline from January 22 high is unfolding as a double three Elliott Wave structure where wave ((W)) ended at 85.15 and wave ((X)) ended at 94.98. The stock has resumed lower within wave ((Y)) and the internal […]
Elliott Wave View: Gold Bounced Strongly After Brief SelloffRead More
Short term Elliott Wave view in Gold (XAU) suggests the rally from August 2018 low in wave III has ended at 1689.30 high. Gold then corrected that cycle in wave IV as a zig-zag. Wave ((A)) of IV ended at 1624.80 low. The bounce in wave ((B)) unfolded as a flat correction and ended at […]