Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of SPY published in membership area of the website.  As our members know, SPY is showing incomplete bullish sequences in the cycle from the 12.22.2022 low . That makes the ETF bullish against the 387.22 pivot. […]

What is Divergence? Divergence is when the price of the specific asset moves in the opposite direction as to what the technical indicator, such as RSI and MACD, indicates.  There are two types of divergence: Regular Divergence – Regular Divergence occurs when the price action makes higher highs or lower lows. This trend indicates the […]

What is Scalp Trading? Scalping is a trading style employed by investors to earn from small price changes to make profits that eventually add up to bigger profits. These traders trade frequently and in small successions throughout the day.  For scalper traders having a strict exit policy is vital along with a solid understanding of […]

In this technical blog we’re going to take a quick look at the Elliott Wave charts of ETHUSD .  As our members know ETH is showing incomplete sequences in the cycle from the 08/15 peak. The cryptocurrency is bearish against the 1681.4 pivot. Recently ETH has made 3 waves bounce , when it has reached […]

What are FAANG Stocks? FAANG is an acronym that stands for the five largest and most popular stocks. Together they make up a market cap of nearly five trillion dollars (as of July 2022). The FAANG stocks stand for the following companies: Meta (Formerly known as Facebook) Amazon Apple Netflix Alphabet (Formerly known as Google) […]

Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of NASDAQ . As our members know, the Index shows bearish sequences in the cycle from the November 22. 2021 peak. Incomplete structure calls for a further decline. Recently Nasdaq has made 3 waves bounce , when […]