Good morning ... Here is my view on 1 hr gold. Since DXY is in a bearish mood and is expected to go to at least 88.60 which is 161.8 for a 3rd wave down... we have bullish gold and other majors. Since Gold is such a fast paced market, some care has ...

Elliot Wave Analysis

EUR/USD AS dxy is turning bearish, eur will do the opposite by turning bullish ... here is almost an identical opposite chart .

Elliot Wave Analysis

dxy update .. Although there is a small possibility that dxy can go up a little more but seemingly it has completed an abc correction and is being rejected . so it's reasonably safe to assume it's bending towards the south which also means that it ...

Elliot Wave Analysis

S & P chart. There seems to be one more push to the top especially when DXY is going down... S&P can reach 4258 before a turn down. This could be the final minor wave to the upside but there is an alternate count once it beaks 3653 .. Here is a chart

Elliot Wave Analysis

Gold on hourly chart seems to have completed wave 2 correction with an ABC.. now going long for a 3rd wave and this should be pretty long i presume. Dxy also is almost reaching the resistance level .. now there could be a strong reversal to bearish ...

Elliot Wave Analysis

Just glanced back into the site and am really surprized that there was no messages from bitcoin traders. Does this mean that you guys agree with my chart? USD/CAD is like a yoyo today ... every 4 hour candle is like an alternation of bullish and ...

Elliot Wave Analysis

Good folks, today i am joining an elite club of money losers by analysing the BITCOIN charts. Frankly i have never ever traded this virtual currency and hopefully will never trade it as well but there is so much hype in the market about it's huge ...

Elliot Wave Analysis

Yesterday i had put up a usdcad daily chart. Here is the update ... although there was a slight rejection, it quickly turned down again and closed below 38.2 which was the intended 5th major wave target, so probably it might go down again to 61.8 as ...

Elliot Wave Analysis

update on GBP/USD. Gbp/Usd tore through without any retracement to target levels of 61.8 and have displayed a slight rejection. I wouldn't take any short position on this monster at the moment as it looks like being in a frenzied state. There is ...

Elliot Wave Analysis

Here is my take on GBPUSD daily Time frame ... There is a bit more to go to finish the 5th wave as per Fibonacci and channel. It would need a correction to the downside to complete 4th minor wave and then a final push up to complete 5th. Here are 2 ...

Elliot Wave Analysis

I agree ... but why don't you post a chart to support your statement ...

Elliot Wave Analysis

Thank you for your interest. It is an amazing tool in my opinion but very subjective as well. Thanks for the kind words and it's always a pleasure to share my 2 cents when possible.

Elliot Wave Analysis

The problem with elliott wave is that we really can't pin-point the targets if a wave has really completed it's journey but then again no other system can do that as well. So technically fib ratios is what i resort to. I am writing this because i ...

Elliot Wave Analysis

Here is what i think on USD/CAD Daily Timeframe... There may be a good possibility that a major wave has completed it's 5 wave downward move on this pair and a good possibility that this pair can go up on a very large correction to the upside. My ...

Elliot Wave Analysis

yes you are right... on H1 eur/usd is heavily overbought and temporary south direction is preferred but it might not last for long..

Elliot Wave Analysis

Medium term bearish to 88.10 Short term bullish till 90.55 to 90.65. Once 90.65 is reached ... core bearish on dxy. My charts are self explanatory. Minor wave 1 is over. waiting for wave 2 to reach 90.65 then down on wave 3 till 88.90.

Elliot Wave Analysis

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Elliot Wave Analysis

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Elliot Wave Analysis

Looking at the DXY chart at the moment, it seems the wave 2 has not started yet, looking at lower time frames the third minor wave is still not over. WAve 3 has 5 waves in them , i cannot see them complete in lower time frames .. so here is my 2 ...

Elliot Wave Analysis