Good day Traders and Investors. In today’s article, we will look at the past performance of the Weekly Elliottwave chart of Gold Miners ETF ($GDX). The decline from 08.03.2020 high marked the end of the cycle from Jan 2016 lows. The ETF traded lower in 3 swings and bounced at red w on 09.27.2021. The […]

Nel ASA is a Norwegian heavy electrical equipment company. It provides solutions for production, storage and distribution of hydrogen from renewable energy sources. Founded in 1927 and headquartered in Oslo, Norway, it can be traded under the ticker $NEL at Oslo Stock Exchange. Nel is a part of OBX25 index. In the initial article from May […]

FTSE shows impulsive structure from 10.13.2022 low looking for more upside. This article and video look at the Elliott Wave path.

Worldwide coal consumption in 2021 rebounded by 5.8 % to 7 947 million tonnes (Mt), according to research by IEA.org. While the economy recovered from the pandemic, the higher natural gas price shifted the consumers towards coal-fired power generation. As a result, global coal consumption rose above 2019 levels. Coal use for power generation increased […]

Assurant Inc., (AIZ) together with its subsidiaries, provides lifestyle & housing solutions that support, protect & connect consumer purchases in North America, Latin America, Europe & Asia Pacific. The company operates through two segments: Global lifestyle & Global housing. It is based in New York, Comes under Financial services sector & trades under “AIZ” ticker […]

The Elliott Wave Theory’s main pattern is that the market advances in five waves and corrects in three waves. The five waves advance is easy to identify. Most of the time the rally is well-defined and the subdivision is visible. Also, the powerful wave three creates separation making the sequence clear and easy to label. […]