Elliott Wave Analysis of GBPUSD
With the new low, its now met the minimum requirements to suggest enough gyrations to complete an impulse wave from the April high (14375). The new low is important as it supports an idea that a major peak is in place at 14375, so after a...Read More »
Elliott Wave Analysis of SX8P (Technology Index)
The European tech sector has now made a new high to suggest a completed impulse wave, from not only the 2016 lows (world markets bottom in Feb 2016) as well as the completion of a larger impulse wave that started form the 2009 lows.
So far the...Read More »
Elliott Wave Analysis of Global Blood Therapeutics (GBT)
The decline from the Feb 2018 highs appears to be suggesting an impulse wave is in progress, I would like to see a new low for a 5th wave. The recent gyrations count as either a 4th wave triangle or a larger pattern for wave 4....Read More »
Elliott Wave Analysis of Shopify (SHOP)
The move from 154.88 appears impulsive and counts well as a 5 wave decline, the current advance appears corrective looking, the overlapping waves give credence to a potential bearish setup for a move lower. A strong move under 135.00 then 130.00 and an impulsive decline is...Read More »
Elliott Wave Analysis of USDJPY
The decline from 110.01 can be counted as a 5 wave decline, so a potential reversal sign to supporting further weakness towards 107.50 or lower. A 3 wave bounce from 108.63 is a bearish sign and can setup for a move lower, a strong move under...Read More »
Elliott Wave Analysis of EURJPY
A new low could be counted as a small 5th wave to end an impulse wave from 133.46, that can then setup for a bounce thereafter in 3 waves, so watch for a potential reversal from below 129.80. A bounce in 3 waves would offer a...Read More »
Elliott Wave Analysis of General Dynamics (GD)
The strong impulsive reversal from the yearly highs appears to suggest the upside from both the 2016 lows is completed as well as the 2009 lows. The move from the 2016 can be counted as an impulse to end what I think is a much larger...Read More »
Elliott Wave Analysis of Amgen (AMGN)
The last few months the look of the price action looks like a bearish rising wedge, in Elliott wave terms we call that an ending diagonal, the break of 170.00 is a strong sign that wave [5] has likely ended and started a move lower, as...Read More »
Elliott Wave Analysis of MasterCard (MA)
The spike from earnings could be a terminal move, the recent gyrations over the last few months count well as a triangle, which would indicate that a thrust to the upside is likely a terminal thrust and a 5th wave of an impulse wave that started...Read More »
Elliott wave Analysis of Chemours Co (CC)
The recent price action over the last few weeks appears corrective in nature, but its drifted sideways and generally wasted time. One idea that I am favoring is a possible triangle for a [X] wave. The look appears to be contracting which would favor a triangle....Read More »