In the bigger picture, Bitcoin has been in sideways consolidation since topping out at $13880 on June 26. It did a 3 waves pullback to $9049.54 on July 17 and since then has been sideways. Further correction in larger degree can’t be ruled out as a double zigzag structure from June 26 high, but the […]

Last week, ECB (European Central Bank) decided to reactivate the quantitative easing (QE) programme by €20bn a month. This time the program will be open-ended until Euro Zone’s inflation and growth outlooks return to satisfactory levels. In other words, it’s quantitative easing in perpetuity. ECB said the purchasing will only end shortly before the next rate […]

We looked at USDTRY back in June and told the readers that preferred Elliott wave view suggested that cycle from 11/29/2018 low (5.129) ended at 5/9/2019 (6.199) as 11 swings diagonal structure that we labelled as wave (( 1)) and we expected a wave (( 2 )) pull back to unfold  as a double three Elliott […]

10 Year Treasury Note (ZN_F) has reached support area in 7 swing where it can find buyers and bounce in 3 waves at least soon.

Short term Elliott Wave view in GBPUSD suggests that the decline to 1.1957 on September 3 ended wave (3). Wave (4) bounce is in progress as a zigzag Elliott Wave structure. Up from 1.1957, wave A ended at 1.235 and subdivides as a 5 waves impulse. Wave ((i)) of A ended at 1.2085, wave ((ii)) […]

Hello fellow traders.  In this technical blog we’re going to take a quick look at the Elliott Wave charts of GBPUSD , published in members area of the website.  GBPUSD has incomplete bearish sequences in the cycle from the April 2018 peak. Consequently, we advised members to avoid buying the pair and keep on selling […]