Structure of Facebook rally from Aug 6 low is corrective and unfolding as a double three Elliott Wave structure before the decline resumes.

Short term Elliott Wave View on GBPJPY shows the decline to August 12, 2019 low (126.52) ended wave 3. From there, pair is doing the recovery in wave 4 with the internal unfolding as an Elliott Wave Zigzag structure. This suggests the current rally takes the form a corrective structure and the bias remains to […]

Short term Elliott Wave View on Bitcoin (BTCUSD) shows the rally to 12336.88 on August 6, 2019 ended wave ((X)). The crypto currency declines from there and the structure is unfolding as an impulse Elliott Wave structure.  Down from 12336.88, wave 1 ended at 11532, wave 2 ended at 12145.42 and wave 3 ended at […]

BAC shows an incomplete sequence from August 1, favoring more downside. While bounce fails below there, the stock can extend lower.

Chesapeake Energy Corporation (ticker: CHK) is a company operating in hydrocarbon exploration. The company produced natural gas, petroleum, and natural gas liquids. Continued pressure on Oil and gas prices have affected the company greatly. The stock price continues to languish under selling pressure. The company’s fortune ties directly with the energy price and unless energy […]

GDX shows an impulsive rally from August 1 and the miners can extend higher while dips stay above there. This article and video show the Elliott Wave path.