Gold Elliott wave Zigzag pattern

2XAU 6020170224214206

In this Technical blog, we are going to take a quick look at the Gold 1 hour chart from Feb 21,2017. In which the bounce from 2/15/2017 low (1216) appeared to be in 5 waves sequence & the bounce was impulsive rather then corrective sequence. Thus suggesting the cycle from 1216 low could be following the Elliott wave Zig-zag pattern. Where the cycle from 1216 low ended at 1242 that we have labelled as wave (a) of the possible zig-zag pattern.  According to Elliott wave theory Zigzag is a 3 … [Read more...]

Silver Elliott Wave view: Extending higher

2XAG 6020170216211414

Preferred Elliott wave view in Silver suggest that the metal is showing a 7 swing Elliott wave bullish sequence (WXY) from 12/20 lows. Cycle from 1/27 low is also incomplete & favors more upside extension towards 18.31-18.71 area to reach the extreme from 12/20 lows. Near term, the pullback in Minute wave ((x)) ended in 3 swings at 17.22 low. Up from there, Minutte wave (w) ended at 18 as an Elliott wave zigzag structure (5-3-5) and Minutte wave (x) pullback is proposed complete at 17.71 as … [Read more...]

Starbucks (SBUX) Ending Correction and Turning Bullish

Starbucks daily Elliott Wave Analysis

Starbucks Corporation (NASDAQ: SBUX) began the new year slightly below its long-term plan as revenue only improved by 7% and earnings per share rose 11%. The company continues to target earnings growth of between 15% and 20% each year through 2021 with its aggressive expansion plan, which aims to add 12,000 new locations over the next five years to boost its store base by 50%. Consequently , investors shouldn't panic to the short term macro-related weakness and focus on the bigger picture of the … [Read more...]

CVR Energy Bullish Reversal ( CVI )

CVR Energy ( CVI ) Monthly Chart 21.12.2016

CVR Energy Presentation & News CVR Energy ( NYSE:CVI ) is a diversified holding company primarily engaged in the petroleum refining and nitrogen fertilizer manufacturing industries through its holdings in two limited partnerships, CVR Refining ( NYSE:CVRR ) and CVR Partners ( NYSE:UAN ). The largest shareholder of CVR Energy is Carl Icahn, who, through Icahn Enterprises, owns 82% of shares and being named by the new elected President Donald Trump as his Special Adviser on Regulatory … [Read more...]

Amazon (AMZN) Short Term Correction

Amazon

AMAZON Amazon is one of the fewest company that kept a strong portfolio during the recent decades even after 2 stock market crises . The company issued its initial public offering of stock on 1997, trading under the NASDAQ stock exchange symbol AMZN, at a price of $1.50 per share and since then the price just kept rising year over year providing the best return for its investors . After almost 20 years , Amazon is still rising and making new all time highs . Recently on the 6th of last … [Read more...]

$CADJPY Elliott Wave Zig Zag pattern

CADJPY zigzag blog

Hello fellow traders, in this technical blog we're going to explain what Elliott Wave Zig Zag pattern looks like on real market example CADJPY price structure. Before we take a look at the $CADJPY chart, lets get through some basic EW theory and explain Zig Zag in a few words. Zig zag is the most popular corrective pattern in Elliott Wave theory . It's made of 3 swings which have 5-3-5 inner structure. Inner swings are labeled as A,B,C where A =5 waves, B=3 waves and C=5 waves. That means A … [Read more...]