Archives
Elliott Wave Analysis: S&P500 In A Temporary Correction, Possible Reversal Seen Around 2012
May 18th, 2016
E-mini S&P500 is trading sideways for the last few days which means that price is probably trapped in a correction. At the moment, we are looking at red wave B) that can be a triangle rather than a zigzag, ...
Elliott Wave Analysis: Cable Continuing South After Completed Big Consolidation
May 17th, 2016
Cable has recovered strongly over the past three months, but based on structure and personality of a bounce we assume it can be a corrective move. We are looking at black wave IV which is now showing us first ...
Elliott Wave Analysis On NZDUSD And AUDUSD
May 16th, 2016
NZDUSD Our pair on radar screen for shorts this week will be NZDUSD which is in corrective bounce from 0.6715, so it’s a temporary recovery that will send price down after A-B-C structure. We are looking up now into ...
Elliott Wave Analysis On S&P500 And GOLD
May 12th, 2016
S&P500 E-mini S&P500 has turned nicely lower a few weeks back from 2104 high that we labeled it as a complex W)-X)-Y) correction, so market was just in a temporary pullback that seems over now after recent bounce to ...
Elliott Wave Analysis: Bears Pushing Price Lower; The Fifth And Final Wave Can Be In Play
May 11th, 2016
AUDUSD broke higher recently, up into wave C-circled that is part of a big corrective wave IV which looks like a flat. A flat correction is a 3-3-5 pattern; a contra-trend movement that should send price back to the ...
Elliott Wave Analysis On EURGBP And GBPUSD
May 10th, 2016
EURGBP EURGBP remains bullish but only temporary with a three wave bounce away from 0.7736 which we see it as correction. As such, we will turn bearish after A)-B)-C) bounce towards 0.8000 resistance level. In the short-term however, price ...
GBPUSD: Big Corrective Bounce May Be Over; 1.3300/1.3500 Could Be In The Cards This Year
May 9th, 2016
Cable is in recovery mode for the past three months, but based on structure and personality of a bounce we assume it can be a corrective move. We are looking at black wave IV which is now showing us ...
Elliott Wave Analysis On GOLD And German DAX
May 6th, 2016
GOLD Gold is moving sharply to the upside since end of last week, now trading at new highs after strong break above the upper triangle line connected from 1283. As such, we will look for more upside now, finally ...
Elliott Wave Analysis On USDCHF And GOLD
May 5th, 2016
USDCHF USDCHF was trading sharply lower for the last week or so, after pair completed wave 4) corrective rally near 0.9780. This recovery is part of a big ending diagonal that can be now coming to an end if ...
Elliott Wave Analysis On GBPUSD And S&P500
May 5th, 2016
GBPUSD GBPUSD has turned sharply lower since Monday from 1.4769 where we see first signs of a top in place. Reason is a strong, impulsive decline and broken channel line connected from 1.4090 that puts bearish trend in play. ...