FXA Bearish Cycle From The July 2011 Highs Firstly the FXA ETF fund is the Australian dollar tracking fund that has an Inception Date of 06/21/2006.  With that said the fund mainly reflects the currency spot price of the AUDUSD forex pair. The data available from the Reserve Bank of Australia at their website suggests the spot price […]

Last week, there was anticipation of market volatility as the Fed’s Chairman Jerome Powell was scheduled to speak at Jackson Hole. President Trump and China however stole the show. China introduced fresh retaliatory tariffs on $75 billion of U.S. imports, targeting politically sensitive products. President Trump immediately responded. Trump announced in twitter the existing 25% […]

Netflix shows an incomplete bearish sequence favoring more downside while rally fails below Aug 9 high in 3, 7, 11 swing.

Hello fellow traders. In today’s blog, we will have a look at the Daimler AG stock. The stock is listed in the DAX 30 and in the EURO Stoxx 50. Daimler AG is a German multinational automotive company which has its Headquarter in Stuttgart Germany. Daimler AG is one of the biggest car manufacturers in the […]

Nikkei’s rally from Aug 6 low looks corrective. This article & video talks about the short term Elliott Wave path and why the rally is expected to fail.

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