Amazon (ticker symbol: AMZN) broke above July 11, 2019 high (2035.8) a few weeks ago after reporting strong earnings. The stock now shows an incomplete bullish sequence from December 24, 2018 low favoring further upside. In the short term chart below, the rally to 2133.74 ended wave (1) and the pullback to 1998.29 ended wave […]

Russell 2000 rally from Feb 1 low is impulsive and should see further upside while pullback stays above there. This article looks at the Elliottwave path.

Nikkei found support after 3 waves pullback and likely has resumed higher as an impulse. This article and video look at the Elliott Wave path.

XAUUSD (Gold) formed a secondary peak at 1593.82 on February 2, 2020 and turned lower sharply. Primary count suggests secondary peak completed wave B as a FLAT and wave C lower has started which should form part of a Zigzag Elliott wave structure down January 7, 2020 peak. A zigzag is a 5-3-5 structure in […]

Tesla remains favored higher as it rallies strongly as an impulse. The article looks at the short term support area from where it can extend higher again.

Exxon Mobil shows incomplete sequence from 4.23.2019 high and rally should fail in 3, 7, 11 swing. This article & video looks at the Elliott Wave path.