$SPX turned lower sharply after making marginal new highs to 1897. Members knew this drop was coming and they had to exit the longs and wait for the dip to get long again. Let’s take a look at Elliott wave analysis from members area to see how it all unfolded and how Index reached the […]

Preferred view is that 10 year yields are consolidating in the form of a bullish triangle  wave (( 4 )) with current leg B being part of wave ( D ) with a C higher toward 2.86 expected before we get the (E) dip.  Ideally the current dip should hold above ( C ) wave […]

The Equal Legs is a term used in the technical analysis to indicate that the magnitude of a movement is equal to another movement joined by a correction. It is represented as follows:     Where the magnitude of the swing A is equal in magnitude to the swing C (A = C) and B is the correction. This method is widely used in Elliott Waves identifying targets or […]

The Expanded Flat correction is a common corrective structure seen in wave 2 and 4 of a Motive Wave, the connector in a Zig Zag or any part of a Double or Triple Correction. In a bullish trend scenario price moves against the trend lower in a 3 wave structure to form wave A. Wave […]

Preferred view now is that 10 year yields have completed wave ( B ) at 2.82% and have resumed the decline. Bounces should now prove corrective and as far as they stay below 2.82%, we would expect more downside in TNX. We don’t like buying into proposed bounces. Primary view calls for a drop to […]

In the Chartism you could find out triangles any where using two trendlines to fix the geometric form. But there are certain triangles that are not so important by type but location and these are displayed on a wave 4 of a Elliott wave impulse. If you have a well structured impulsive count and after […]