Tag: ELLIOTT WAVE THEORY

USDCAD is back to the upside. After bottoming at 1.2654, the pair is once again looking bullish just a day after it climbed to...

For the Nifty 50, the Great Recession ended in October 2008, when the index bottomed at 2253. Since then, prices have been rising until...

Market trends are fractal in nature. This means that the same trading setups can be found on all time-frames – from the smallest to...

This week is a disappointment in the making for S&P 500 bulls. Soon after the index climbed to a new multi-month high above 2120,...

It was June 2nd, when USDCAD climbed to 1.3142 and it looked like it was only a matter of time for the pair to...

Probably the strongest argument critics use against the Elliott Wave Principle is that traders could often come up with two or more sometimes equally probable...

The Non-Farm Payrolls report for the month of May was a total disaster. Only 38K jobs added versus 164K expected. If you ask the majority,...

The Japanese Nikkei 225 index almost reached the 21 000 mark a year ago – in June 2015 – but it was not meant to...

It has been a rough week for the GBPUSD. Just as it seemed the pair was going to approach the previous multi-month high at...

EURUSD climbed as high as 1.1616 in the beginning of the month, but the bulls could not keep up the positive momentum, allowing the...

Last week the S&P 500 fell to as low as 2025 and the majority of experts and market participants were expecting the weakness to...

What wont wrong for gold? Ever since the precious metal bottomed at $1046 in December, 2015, it has been steadily rising. Six months later,...

Most people’s idea of a trader is someone, who just sits on his desk, making tons of money, while drinking his coffee. In reality,...

GBPJPY has been moving sideways between 151.65 and 164.10 for more than three months now, which has probably made trading this pair extremely difficult. Just...

USDJPY fell to as low as 105.54 on May 3rd and just when the picture was beginning to look more and more negative, the...

Last week, the price of crude oil fell to 43.02. This week, it seems determined to reach the 50-dollar mark. From surplus, through production...

USDCHF climbed to 1.0328 in late-November, 2015, but lost almost 9 figures by the beginning of May, 2016. Nevertheless, the pair managed to find...

In “Expanding Flat and How to Avoid Its Traps” we examined probably the most common type of flat correction the markets could offer. It...

Similar to many other stocks, 3M Company’s shares took a major hit during the 2007-2009 market crash. The stock lost nearly 60% of its...

It was not the best start of a week for crude oil. The commodity’s price fell to 43.02 dollars a barrel on Tuesday, May...

Jeff Bezos, the founder and CEO of Amazon.com Inc., is now the fourth richest person on the planet after the company’s stock climbed to...

GBPUSD climbed to 1.4770 at the start of last week, but quickly lost momentum, allowing the bears to take the wheel and sink the...

EURCAD was flying above 1.6100 in January this year. A little over 4 months later – in the end of April – the pair...

AUDUSD was flying above 0.7830 just two weeks ago. On April 21st the pair rose to 0.7834 and everything was looking as if sky...

Just as any other stock, PepsiCo took a hard hit during the 2007-2009 recession. But the company managed to survive and the stock began...

The S&P 500 had its worst week since the middle of February. Last week the index managed to reach 2100, which gave hope to...

NZDUSD exceeded the 0.7000 mark last week. The pair has been recovering for the last four months, which led it to 0.7053. It has...

Caterpillar Inc. stock surprised everyone, when it rose from 56.32 to 80.83 since January. After this 24-dollar recovery, investors are wondering how high could prices go...

USDJPY started this week in the same tone as it finished the previous one. Last Friday, April 15th, the pair touched 109.73 only to close...

The world was hoping that the biggest oil producers were going to reach an agreement to freeze output during their meeting in Doha on...