"INSTINCT"

This book is not about trading. It is about something much more important. The dark side of the Elliott Wave principle...

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Theresa May Only Did the Bulls’ Dirty Work

It has been a wild ride for GBPUSD this week. The pair initially opened with a huge gap to the downside, following Theresa May’s “Hard Brexit” comments, but then reversed to the north to climb from as low as 1.1987 on Monday to as high as 1.2414 on Tuesday. It turned out that those, who […]

GBPCAD Threatens to Kill Late Bears’ Profits

It has been over two and a half months since our last post about GBPCAD, called “Not the Time to Join the Bears in GBPCAD”. The title speaks for itself – while the pair was trading near 1.6290 on October 31st, 2016, we thought a significant recovery should be expected, before the downtrend resumes. But […]

Monster to Show its Gruesome Teeth Soon

You may like to drink something, but this does not mean it should be in your portfolio. Monster Beverage Corp. stock did not have the best year end possible. It has been declining from its all-time high of $55.50 per share since August and is currently trading roughly $10 lower. Judging from the company’s continuously […]

Avoiding Oil’s Fake Breakout Trap

“The current pullback is likely to take crude oil prices down to $50.50, before the bulls return…” This was the last sentence of the premium crude oil analysis we sent to clients five days ago, before the markets opened on Monday, January 9th. Crude oil closed at $53.68 on Friday, January 6th, after a recovery […]

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Theresa May Only Did the Bulls’ Dirty Work

It has been a wild ride for GBPUSD this week. The pair initially opened with a huge gap to the downside, following Theresa May’s “Hard Brexit” comments, but then reversed to the north to climb from as low as 1.1987 on Monday to as high as 1.2414 on Tuesday. It turned out that those, who […]

GBPCAD Threatens to Kill Late Bears’ Profits

It has been over two and a half months since our last post about GBPCAD, called “Not the Time to Join the Bears in GBPCAD”. The title speaks for itself – while the pair was trading near 1.6290 on October 31st, 2016, we thought a significant recovery should be expected, before the downtrend resumes. But […]

GBPNZD Aiming at 1.8000. Here is the Reason

GBPNZD almost reached 1.8000 a month ago, but the bulls ran out of fuel a fraction of a pip lower. Then the bears took the torch to drag the pair as low as 1.7212 as of today. However, instead of selling after e decline of almost 590 pips, we believe the buyers are ready for […]

GBPUSD: How to Anticipate Fake Breakouts

We saw a lot of those so-called “fake breakouts” in GBPUSD during the last two weeks. On January 3rd, the pair fell to 1.2199, only a pip below the previous swing low of 1.2200, but just enough to activate a lot of sell orders. Unfortunately, the bears gave up right away, allowing the bulls to lift […]

All from Forex

Mere Mortals Should Leave Airlines to Buffett

Do not get us wrong, this is not a critique of Warren Buffett’s judgement. Who are we to criticize him, after all. In November, Berkshire Hathaway’s SEC filings revealed that the company has opened positions in four major U.S. airlines – American Airlines, United Continental Holdings, Delta Air Lines and Southwest Airlines. However, in our […]

USD Index Will Not Rise Forever

It has been another strong year for the U.S. dollar. The greenback crushed most of its rival – the euro and especially the pound, to mention a few – so there is no surprise the USD index is hovering near 101.00. The last time the USD index traded around these levels was over 13 years […]

DJIA Transforms Optimism Into Mania

The last time we wrote about DJIA, the index was just breached 18 700. In the article we published on November 10th, we examined the weekly chart of the Dow, which appeared to be showing a bearish pattern called an ending diagonal, which could have spelled the end of the bull market, which began in […]

DAX Flying Towards the Stratosphere

Soon after the markets opened on Monday, the German DAX decline to 10 424 in response to Italy’s “No” vote in the referendum. But instead of continuing even lower, the index skyrocketed sharply to the upside and is currently trading slightly below 10 940 after almost reaching 10 950 earlier today. And while the DAX is […]

All from Indices

Gold Demands More Than Just a Forecast

After plunging to $1241 a month ago, gold finally managed to reach the $1300 mark again and is currently trading slightly above it. Expecting a recovery of over $60 is not an easy task, especially after a a slump of similar size. Fortunately, to Elliott Wave analysts, “not easy” does not mean impossible. Three weeks […]

Gold: Two Waves and the Reversal in Between

Gold was going down ever since it touched $1375. It made an attempt to reach those highs again in July, but did not succeed. Instead, the bears took control again, causing a plunge to as low as $1302.40 last week, breaching the previous low at $1310.70. Such a breakout has probably triggered a lot of selling […]

Gold or How to Predict a Brexit

Gold is considered to be a “safe haven” in times of uncertainty. So the common logic says that when something totally unexpected happens, such as Brexit, panicked investors buy gold to protect themselves from the falling prices in other markets, thus causing the price of the yellow metal to surge. So far so good. The […]

Gold: Did You Buy the Dip?

Gold has been doing great recently. The precious metal rose to as high as 1316 and having in mind the rally initially began from 1046, it is no wonder last week’s pullback from 1316 to 1276 was looking like a good ”buy the dip” opportunity to most people. Unfortunately, the price of gold tumbled even more […]

All from Precious metals

Monster to Show its Gruesome Teeth Soon

You may like to drink something, but this does not mean it should be in your portfolio. Monster Beverage Corp. stock did not have the best year end possible. It has been declining from its all-time high of $55.50 per share since August and is currently trading roughly $10 lower. Judging from the company’s continuously […]

Netflix Stock Might Be a Bad Idea

The last time we wrote about Netflix was on February 18th, 2016, while the stock was trading below $95 a share. The article was called “Netflix Bulls to Return Even Stronger”, because the Elliott Wave Principle suggested the stock’s uptrend is still not over and new all-time highs should be seen. The chart below shows […]

Goldcorp Seems Ready to Shine Even Brighter

Gold has been in a bear market for over five years now. The yellow metal reached an all time high of $1921 back in 2011, but lost over 45% of its value by the end of 2015. So, it is no surprise that Goldcorp Inc. – the world’s fourth largest gold producer as of 2014 […]

3M – Mass Madness in the Making

3M Company is a diversified technology giant, founded in 1902. It is a component of the DJIA, the S&P 500 and S&P 100. Its steady earnings and dividend records makes it one of the most beloved blue chip stocks in the U.S., which people think can be bought at any price, because they always seem to […]

All from Stocks

Avoiding Oil’s Fake Breakout Trap

“The current pullback is likely to take crude oil prices down to $50.50, before the bulls return…” This was the last sentence of the premium crude oil analysis we sent to clients five days ago, before the markets opened on Monday, January 9th. Crude oil closed at $53.68 on Friday, January 6th, after a recovery […]

Oil Down After Two Production Cut Deals. Why?

The last three weeks have been very interesting for the oil market. First it was Vienna, where OPEC members agreed to cut production by more than a million barrels a day. In response, the price of crude rose sharply to as high as $52.39 by December 5th. Then the bulls took a rest, which allowed […]

Riding Oil’s Hope-Inspired Rally

Crude oil’s December futures contract just climbed to 47.37 dollars a barrel in what is supposed to be a rally, inspired by hopes that OPEC members are going to agree to cut production in an attempt to lift oil prices. The market is probably the only place, where such an irrational thing as “hope” could have […]

Copper’s Rally Does Not Deserve Your Trust

Copper has been making the headlines recently after it left the consolidation area it was locked in and jumped to as high as 2.4589 as of today. Usually, when people see that something is rising in price, they rush to buy it. This has never been our way of doing things. In order to put […]

All from Commodities

Negative Social Mood, Pegida’s Best Friend

“Fears are growing in Germany of a far-Right resurgence stoked by the refugee crisis, after nearly 20,000 took to the streets of Dresden in the biggest rally by the Pegida anti-immigrant movement for months.” – The Telegraph One of the speakers at the rally actually expressed regret that “the concentration camps are out of action”. […]

Even Apple has Socionomic Problems

In 1940s, Edward R. Dewey hypothesized, that the tallest buildings are usually completed after significant market peaks. Now, 74 years later, this hypothesis is a good addition to the socionomic theory. The new science of Socionomics, founded by Robert Prechter Jr. in 1979, postulates that social mood drives financial, macroeconomic, political and social behavior, in […]

What do Ferguson and Iraq have in common?

Have you been watching the news recently? If yes, then you have probably heard about the riots in Ferguson and the US airstrikes against the extremist Islamic State in Iraq and Syria (ISIS). But what do these two conflict zones have in common? And what does the Market have to do with it? The riots in […]

Is another Arab Spring lurking ahead?

The Arab Spring is a wave of revolutions, demonstrations and civil conflicts, which struck mainly Tunisia, Egypt, Libya, Yemen and Syria during 2010 – 2013. Mostly, people were angry with decades of dictatorship and the violation of basic human rights. Many leaders had been forced from power. Egypt’s Hosni Mubarak, who held office for almost […]

All from Socionomics

NZDUSD Poised for a Corrective Recovery

NZDUSD has been steadily declining since November 8th, when it reached 0.7402. Currently trading near 0.7020, the bears seem unstoppable and after a selloff of over 400 pips, it looks like the pair is headed much lower. However, even the strongest trends are interrupted by moves in the opposite direction, which might cause a lot […]

EURAUD Could be Aiming at 1.51

The EURAUD pair has been in a downtrend for a month since February 11th. Then, on March 10th, the bulls woke up with a bang and lifted the exchange rate from 1.4465 to 1.5085 in just five hours. Today, EURAUD fell to as low as 1.4662, before climbing above 1.4850 so far. Which of the two […]

EURJPY Looking for Fibonacci Support?

The Elliott Wave Principle is a market forecasting method, based on pattern recognition. If an analyst is able to recognize a pattern on the chart and knows what should follow, he could as well be able to predict what the market is most likely to do next. That is what we are going to try […]

EURCAD’s Recent Weakness Deciphered

EURCAD surpassed the 1.61 mark on January 20th, but the bulls could not hold on to that momentum, which led to a sharp decline to 1.5245 just five days later. Currently, the pair stands slightly above 1.5415, but the recovery seems to be a timid one, not giving us enough confidence to “buy the dip”. […]

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