This week’s trade talk is critical to the path of the stock market. This article outlines three possibilities and most likely scenario & Elliott Wave path.

Short term Elliott Wave view on Facebook (ticker: FB) suggests the rally to 193. ended wave ((X)). The stock has resumed lower within wave ((Y)) which is unfolding as a zigzag Elliott Wave structure. Down from 193.1, wave (A) of the zigzag ended at 173.09. Internal subdivision of wave (A) unfolded as 5 waves where […]

Elliott Wave view on Gold suggests the rally from August 2018 low last year remains in progress as a 5 waves impulse Elliott Wave structure. On the 1 hour chart below, we can see wave ((4)) of this impulse is proposed complete at 1458.76. Internal subdivision of wave ((4)) unfolded as a double three where wave […]

Short term Elliott Wave view on Oil suggests wave (B) rally ended at 63.38 on September 17, 2019 high. The commodity has since turned lower within wave (C) which is unfolding as 5 waves impulse Elliott Wave structure. This view will get validation when it breaks below the previous low on August 7, 2019 low (50.52). […]

GBPUSD shows a 5 waves impulsive decline from Sept 20 high. Rally likely fails in 3, 7, 11 swing below there for more downside.

Nike continues to make an all-time high and sequence remains incomplete. The article and video show the short term Elliott Wave path for the stock.