Today’s Support and Resistance levels: R3: 1.6275 R2: 1.6232 R1: 1.6180 – Important resistance as it’s the top of wave a. Current spot: 1.6148 S1: 1.6115 S2: 1.6083 S3: 1.6035 Technica summary: We are still looking for wave d of the triangle to move lower towards 1.5933 before the final red wave e higher towards […]
Today’s Support and Resistance levels: R3: 141.99 R2: 141.79 R1: 141.62 Current spot: 141.54 S1: 141.35 S2: 140.99 S3: 140.60 Technical summary: The correction from 140.08 just became even more messy and complex. We did see a break below 141.23, but there was no follow-through and we are now back into the range just below […]
Today’s Support and Resistance levels: R3: 1.6153 R2: 1.6100 R1: 1.6076 Current spot: 1.6038 S1: 1.6000 S2: 1.5965 S3: 1.5927 Technical summary: The triangle consolidation is now in its d-leg, the ideal target for this wave is near 1.5965, but it could move lower towards 1.5933 before the final e wave takes over for a […]
Today’s Support and Resistance levels: R3: 141.84 R2: 141.79 R1: 141.49 Current spot: 141.46 S1: 141.21 S2: 140.98 S3: 140.65 Technical summary: Support at 141.23 protected the downside for yet another high at 142.00, but the following decline does look impulsive and it should just be a matter of time before support at 141.23 is […]
Many scoff at notion stock bubble exists — Associated Press, Nov. 19, 2013 Economy Entering New Year on a Roll — Bloomberg, Dec. 25, 2013 ‘We have entered a 15- to 20-year bull market’ — CNBC, Dec. 30, 2013 Economy poised for strong 2014 — Atlanta Journal-Constitution, Jan. 1, 2014 Market Prediction: Bull will keep […]
Today’s Support and Resistance levels: R3: 1.6180 R2: 1.6135 R1: 1.6085 Current spot: 1.6073 S1: 1.6045 S2: 1.6000 S3: 1.5956 Technical summary: Wave d of the triangle consolidation is currently unfolding. We will ideally see resistance at 1.6122 protect the upside for a break below support at 1.6045 confirming the next part of the decline […]
Today’s Support and Resistance levels: R3: 142.52 R2: 142.17 R1: 141.82 Current spot: 141.68 S1: 141.45 S2: 141.23 S3: 140.98 Technical summary: The failure to break clearly below support at 141.23 has kept the correction from 140.08 alive. As long as support at 141.23 protects the downside, we could see a move closer to strong […]
This chart shows you that investors have gone from optimistic to overoptimistic — to a near frenzy: http://bit.ly/1ndsQqT Enjoy this video from Elliott Wave International Learn How the Wave Principle Can Improve Your Trading Related Posts:Financial future on the horizon: US stocks rise ahead of… April 10, 2024 On Tuesday, ahead of the release of […]
USD/CAD Elliott Wave For the last couple of days, the USD/CAD pair has been trading side-ways, corrective wave (c) (coloured blue) of the bigger wave [a] (coloured green) has been developing. In the 1-hour chart above, we can observe that strong upwards move from the start of last week has finally found resistance at the […]
AUD/USD Elliott Wave Last week, the AUD/USD pair has been trading downwards, corrective wave [iv] (coloured green) of the bigger wave C (coloured red) has been developing. In the 1-hour chart above, we can observe that descending movements from the 0.9459 level has already a 7 swings, and we are going with idea that the […]
Today’s Support and Resistance Levels: R3: 1.6180 R2: 1.6135 R1: 1.6097 Current Spot: 1.6058 S1: 1.6045 S2: 1.5989 S3: 1.5956 Technical Summary: The triangle consolidation that have been dominating the picture over the last couple of weeks is still unfolding. We are currently in wave d and expects wave d to decline towards 1.5936 and […]
Today’s Support and Resistance Levels: R3: 142.17 R2: 141.82 R1: 141.68 Current Spot: 141.38 S1: 141.23 S2: 140.98 S3: 140.65 Technical Summary: We are looking for a confirmed break below support at 141.23 to indicate wave iii lower towards 136.33 is developing. However, we do think that short term resistance at 141.68 will be strong […]
Today’s Support and Resistance Levels: R3: 1.6232 R2: 1.6180 R1: 1.6135 Current Spot: 1.6128 S1: 1.6097 S2: 1.6055 S3: 1.5989 Technical Summary: We are still looking for wave d of the triangle consolidation lower towards the area between 1.5908 to 1.5936. Ideally resistance at 1.6135 will protect the upside for a break below support at […]
Today’s Support and Resistance Levels: R3: 142.52 R2: 142.17 R1: 141.82 Current Spot: 141.78 S1: 141.64 S2: 141.23 S3: 140.98 Technical Summary: As long as support at 141.64 and more importantly as long as support at 141.55 protects the downside, we will be looking for the finally rally higher towards 142.17 before red wave iii […]
You know the value of seeing both sides of the big picture. And maybe you are already wondering how much higher this rally can climb. Today we have an eye-opening report for you from Elliott Wave International. U.S. stocks have been bouncing off of their mid-April fall into negative territory for the year. No major […]
See the evidence for yourself in our new Financial Forecast now, 100% free. Follow this link for your free 2-week, instant-access trial » http://bit.ly/1ndsQqT Enjoy this video from Elliott Wave International Learn How the Wave Principle Can Improve Your Trading Related Posts:Technical Analysis – Citigroup stock pulls back ahead of… April 10, 2024 Citigroup shares post 25-month high […]
USD/CAD Elliott Wave Since our last analysis, the USD/CAD pair has continued to trade upwards, impulsive wave iii (coloured black) of the bigger wave (iii) (coloured blue) has been developing. In the 1-hour chart of the pair above, we can observe that corrective wave ii (coloured black) has completed at the 1.0955 level, and from […]
AUD/USD Elliott Wave In our last analysis of the AUD/USD pair, we have presented two possible counts, and strong move lower in the last few days has made us go with alternate scenario. In the 30-minutes charts above, we can see three waves lower from the 0.9460 level, and this can be enough to call […]
Today’s Support and Resistance levels: R3: 1.6135 R2: 1.6122 R1: 1.6077 Current spot: 1.6049 S1: 1.6026 S2: 1.5988 S3: 1.5927 Technical summary: Red wave c of the triangle ended at 1.6122 and red wave d is now unfolding. The ideal target area for red wave d is between 1.5908 and 1.5936, from where the final […]
Today’s Support and Resistance levels: R3: 142.17 R2: 141.76 R1: 141.47 Current spot: 141.18 S1: 140.90 S2: 140.64 S3: 140.22 Technical summary: The break above the hort-term important resistance at 141.55 made us go back to our original short-term count. This count shows that red wave i ended at 140.08 and since then red wave […]
Gold’s price reflects waves of optimism and pessimism. Even so, many investors look to fundamentals to anticipate gold trends. Learn why there’s a better way: http://bit.ly/1ndsQqT Enjoy this video from Elliott Wave International Learn How the Wave Principle Can Improve Your Trading Related Posts:Technical Analysis – Gold attempts to unlock new high April 10, 2024 […]
Let’s talk about lending money. Not to your freeloading brother-in-law, but investment lending — as in, the fixed income market, or bonds. When you invest in bonds you are indeed the lender. The borrower pays you… http://bit.ly/1ndsQqT Enjoy this video from Elliott Wave International Learn How the Wave Principle Can Improve Your Trading Related Posts:Market […]
Today’s Support and Resistance levels: R3: 1.6232 R2: 1.6180 R1: 1.6135 Current spot: 1.6087 S1: 1.6058 S2: 1.5998 S3: 1.5926 Technical summary: The triangle consolidation is still unfolding. We think that we are about to finish the c wave of the triangle near 1.6135 and that a new decline close to 1.5900 should follow in […]
Today’s Support and Resistance levels: R3: 142.23 R2: 141.89 R1: 141.55 Current spot: 141.41 S1: 141.15 S2: 140.90 S3: 140.60 Technical summary: We do expect more downside pressure, but green wave ii has become much larger than expected, however, it is allowed to correct all of green wave i, which means a return to 141.55, […]
If there’s one thing I’ve learned, it’s that the human mind is made of pliable stuff, willing to bend, time and again, to believe the impossible. How many people believe, for instance, that monetary policy can reverse the course of economic decline — even though no such power is actually proven to exist? http://bit.ly/1ndsQqT Enjoy […]
USD/CAD Elliott Wave Last week, the USD/CAD pair was trading upwards, impulsive wave [i] (coloured green) of the bigger wave A (coloured red) was developing. In the 1-hour chart above, we can observe impulsive movement from the 1.0853 level, at the moment we have only sub-wave (i) and (ii) (coloured blue) completed, so more upside […]
AUD/USD Elliott Wave After a few weeks in the strong upwards trend, the AUD/USD pair has started this week in the sideways consolidation. In the 1-hour chart of the pair, we can observe that we have changed our primary count slightly. Instead of calling the wave C (coloured red) already completed, this consolidation is starting […]
Today’s Support and Resistance levels: R3: 1.6064 R2: 1.6032 R1: 1.6010 Current spot: 1.5945 S1: 1.5945 S2: 1.5914 S3: 1.5865 Technical summary: The triangle consolidation is still unfolding. It is still not clear whether wave c is in place with the test of 1.6105 or we need one more rally towards 1.6134 before it is […]
Today’s Support and Resistance levels: R3: 141.06 R2: 140.90 R1: 140.65 Current spot: 140.48 S1: 140.29 S2: 140.08 S3: 139.43 Technical summary: Ideally, we will see resistance at 140.65 protecting the upside for a break below 140.29 confirming the next decline towards the ideal target for blue wave v at 139.43. Once blue wave v […]
These days there’s no shortage of books about trading. You could read for months before you find a book that applies to your trading style. The free 45-page eBook — The Best of Trader’s Classroom — is specifically for Elliott wave traders. This excellent eBook will save time and deliver the knowledge you want. It’s […]
