Tag: TECHNICAL ANALYSIS

Tension between Ukraine and Russia has been rising for several weeks. Everyday you can hear all the media saying how the conflict is bringing...

Gold could afford interesting selling opportunity, if price falls below 1340. If this happens, the first target of 1320 offers a risk/reward ratio of...

In 1940s, Edward R. Dewey hypothesized, that the tallest buildings are usually completed after significant market peaks. Now, 74 years later, this hypothesis is...

On the chart of McDonald’s below you can see a clear 5-wave impulse to the upside with a fifth wave extension. 5th wave extensions...

EURUSD has been very annoying with all those new lows and new highs since the middle of January. “New lows and new highs”, is...

In terms of position of occurrence, wave structure and consequences the expanding triangle is the same as the regular contracting triangle. It can occur...

Gold is looking bearish on the 5-minute chart. An intraday trading idea is shown on the chart below. Risk/reward ratio is at least 2,5:1.

A very clear 5-wave decline can be counted in USDJPY, starting from the orthodox top at 104.92, where the fifth wave truncation ended. The...

Crude oil is in its seventh straight week of steady rise, but is it now the time to be a buyer? In order to...

It looks like the recent rally on AUDUSD could be limited to the 0.9150 area. If this happens, we will have a complete expanding...

The decline that started from 1.2391 seems to be at its final stages now. The chart of EURCHF depicts a complete 5-wave impulse to...

The chart below was posted on our Facebook page on January 2, when the price of gold was 1210 $. We would like to...

Positive social mood drives prohibitions of substances such as alcohol and marijuana. Negative social mood drives tolerance and relaxed regulation. Tolerance increased during the bear...

The US dollar has been behaving quite well despite of the bad fundamentals, because the market is driven by social mood, not economic news....

Mania defines as excitement of psychotic proportions manifested by mental and physical hyperactivity and elevation of mood. This behavior leads to extended fifth waves....

Music reflects feelings, mood and trends. The first chart shows a stock market cycle (1950-1982) and the styles of music that were popular in...

“USDJPY will reach 115.00 in the first couple of months of 2014” -Deutsche Bank-. Well, we at Elliott Wave Markets think that we will not...

Some may call it coincidence, but from Elliott Wave perspective it is just another sign of extreme optimism in the market. When big Hollywood...

Here is a chart of the 10-Year Treasury Note all the way from 1981. The downtrend is over, marked with an ending diagonal. The...

The day when the British government was forced to withdraw the pound from the European Exchange Rate Mechanism. The date of the Black Wednesday...

EURUSD has been very stubborn in its attempt to hit the 61.8% Fibonacci level twice. It looks like this effort is going to be...

Mass psychology plays a key role in forming trends in precious metals. The specific about precious metals is that they tend to form extended...

Gold has been trading on the free market since the end of the Bretton Woods system in 1971. From then on, mass-psychology has been...

Both EUR and GBP look weak against the US dollar, but which one of them is weaker, compared to the other? There are two...

This chart contains some of the worlds biggest indices. It clearly shows, that every other country except the USA is still trying to recover...

The US dollar index has been rallying in an impulsive fashion since the end of October. The FEDs stimulus has been lowering the dollars...

Stocks are in the atmosphere! Dow Jones has made a historical high in terms of price. Should we buy stocks? We at Elliottwave markets...

The CBOE Volatility Index is a key measure of market expectations of near-term volatility conveyed by S&P 500 stock index option prices. Since its...

Socionomics, the science of social prediction, pioneered by Robert R. Prechter Jr., provides education and benefits individuals and institutions through a better understanding of...

The chart below shows that the price movement of the DJIA since year 2000 has corrective characteristics. In our opinion, an expanding flat correction has...