Elliott Wave Analysis of DUST (Gold Miners Bear 3x Shares ETF)

The strong decline over the last few weeks appears to argue for an impulse wave, I suspect it’s close to ending a 3rd wave, so an up-down sequence is still favored before it completes 5 waves from the May 2019 high.

I favor its very close to...Read More »

Elliott Wave Analysis of Grayscale Bitcoin Trust (GBTC)

A new high could well mark an important peak to the trend that has been developing from the Feb 2019 lows, ideally we see new highs to end wave 5 of a large impulse wave, with sentiment extremely bullish on Bitcoin, I would caution readers that...Read More »

Elliott Wave Analysis of Zendesk Inc (ZEN)

The recent gyrations over the last few weeks, appear to be taking the shape of a possible bearish rising wedge, Elliott Wave calls this pattern an ending diagonal.

Essentially it’s a terminal pattern. A strong move below $83.60 is needed to support a reversal, as it may...Read More »

Elliott Wave Analysis of GBPUSD

I suspect a relief bounce is close at hand for some of the GBP pairs, when we look at the decline from the May 2019 high, the new low on pairs such as GBPCHF and GBPCAD are supportive that the new low on GBPUSD is most...Read More »

Elliott Wave Analysis of SPY (SPDR S&P 500 ETF) Update

Since the last post, its declined nicely, the completion of a 5 wave decline from 295.38 into 279.74, followed by a bounce could suggest the move from 279.74 is close to ending or possibly completed at  289.25.

A strong move below 285.00 is needed, followed by an...Read More »

Elliott Wave Analysis of the FTSE futures

The strong reversal from the April 2018 high appears impulse looking on a few world stock markets, particularly the FTSE and NIK-225. So we are focussed on the cleaner patterns from the April high. Having put in a 5th wave to end an impulse wave from...Read More »

Elliott Wave Analysis of the Nifty

We are currently tracking a possible impulse wave from the all-time high at 11855, a new low is still needed to end a 5th wave of a suspected impulse wave as shown. Whilst the Banknifty has moved to a new low, we want to see the...Read More »

Elliott Wave Analysis of SLV (Silver ETF)

Is it time to be looking to buy Silver?

Into the Feb 2019 highs, traders had turned very bullish on the metals, understandably so, as the metals had been rallying for a number of months from their respective 2018 lows. Upside targets were being increased from the...Read More »

Elliott Wave Analysis of USDJPY

The decline from 112.40 appears to be developing an impulse wave, staying below 111.36 favors more weakness, an up-down move is still needed to complete an impulse wave (5 wave decline) from 112.40, that is likely only wave [a] of a larger zigzag decline towards 107.00...Read More »

Elliott Wave Analysis of iShares U.S. Home Construction ETF (ITB)

The decline from Jan – Dec 2018 appears to count as 3 wave decline, the subsequent rally from the Dec 2018 low can currently be counted in 3 waves. Failing on or around current levels followed by a large move below $36.00 can argue that the...Read More »