TASI (Tadawul All Shares) an index from Saudi Arabia Elliott Wave Analysis suggests that the cycle from 11/21/2017 is showing higher high sequence. Calling for more upside extension towards 8259.82-8484.56 area next before it ends that cycle and starts the pullback. So now let’s take a look at the shorter cycles from February 11.2018 low. Which showed […]

Stocks and ETFs follow the same code in the market same as the rest of financial instruments like Forex. Every 5 waves impulsive structure is followed by a technical corrective sequences which come in 3-7-11. At the end of the corrective sequence, usually the instrument will resume the move within the main trend or at least correct […]

The Nifty 50 Index has a bullish sequence from the lows to the all time highs. The index currently shows nine swings up from the all time lows into the 2018 highs. It is now correcting the cycle higher from the February 2016 lows. This is noted on the chart with the red 8 label. In […]

The Indices larger pullback from the highs is purely technical despite whatever fundamental or reason the news suggests. I will show the technical reasoning in this article. We will look at the Nikkei, FTSE, as well as the Hang Seng indices cycles up from the 2009 and 2008 lows. Each of these indices are shown […]

Escalation in U.S. and China Trade War On Tuesday, the White House published a list of 1300 Chinese products subject to tariffs with total value of $50 billion. It’s however still subject to a review process which will last through at least May before it takes effect. The U.S. list focuses on high-tech item such […]

AT&T ticker symbol: ($T) short-term AT&T Elliott Wave view suggests that the bounce to 3/13 high (37.81) ended Intermediate wave (X) bounce. Below from there, intermediate Y leg lower remains in progress as a Zigzag correction. Where initial decline unfolded in 5 waves Elliott Wave Impulse Sequence with extension in Minor wave A. Which can be seen in […]