Tag: ELLIOTT WAVE THEORY

Bank of America Corp. stock closed at 14.42 yesterday. In 2015, the stock suffered a sell-off from as high as 18.42 dollars a share...

EURUSD took a hard hit after the British referendum results showed Britain wants to leave the European union. The pair plummeted from 1.1427 to...

Merck & Co Inc. is the seventh largest pharmaceutical company in the world by revenue and market capitalization. It is a DJIA component as well...

It has been a while since Bitcoin fell to 152 dollars in January, 2015. A year and a half later – in June, 2016...

USDCAD reached 1.3187 in May, but then fell to as low as 1.2654 by June 8th. However, the pair recently took out the top...

Microsoft reached an all-time high of 59.97 dollars a share in 1999. Now, seventeen years later, the stock is approaching those highs once again....

Ten days ago, on July 15th-16th, there was an attempted coup in Turkey against the government. It failed, but left over 300 people dead and...

Pfizer Inc. stock closed last week at new multi-year highs near 36.71 dollars a share, breaching the previous top of 36.43. Such breakouts could...

Crude Oil was timidly trying to recover in the beginning of March, after falling to as low as 26.03 a month earlier. Just 3 months...

It has not been a good week for NZDUSD. After climbing to 0.7324, the pair lost momentum and fell to 0.7118 so far. But...

GBPJPY topped at 195.87 in June, 2015. During the last one year, the pair lost over 67 figures, falling to as low as 128.76...

On June 24th, when it became clear that the majority of UK citizens wants the country to leave the European Union, the FTSE 100 fell...

The S&P 500 just climbed to a new all-time high above 2138. Obviously the bulls are back, but you may have heard that joining...

Do you remember, when GBPUSD reached 2.1159 in November 2007? Do you remember, when it fell to 1.3502 January 2009? Do you remember when it...

2016 has not been the best year for Microsoft stock so far. In the end of December, 2015, it climbed to as high as...

On October 12th, 2015, American Airlines stock was trading around 42.40, in an attempt to recover from a decline between 56.20 and 34.08. A...

Just like almost all other markets, the S&P 500’s collapsed after the British referendum results last week, as well. The political and economic uncertainty...

AUDNZD climbed as high as 1.1332 in March, but thing did not go very well for the bulls, who lost control and allowed the...

Halliburton stock reached as high as 74.33 in July, 2014, but oil’s crash took its toll on it. Currently, Halliburton’s shares are trading around 41.90,...

Gold is considered to be a “safe haven” in times of uncertainty. So the common logic says that when something totally unexpected happens, such...

Britain voted to leave the European Union, causing the dollar to skyrocket against all major currencies. One of Brexit’s victims in the forex market was...

AUDUSD is trading above 0.7550 after recovering from the bottom at 0.7144 registered on May 24th. A rally of more than 400 pips is surely...

Gold has been doing great recently. The precious metal rose to as high as 1316 and having in mind the rally initially began from...

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,...