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Daily Elliott Wave Analysis – 06-28-19 – Crude begins the next phase.
Good evening all. EURUSD 1 hr 4 Hours Daily Despite an early spike out of a triangle formation this morning, the price has now fallen back again and in doing so, ruled out the triangle pattern for wave 'iv'. I have now shown a possible flat correction in play. the price should break 1.1344 to [...]
Daily Elliott Wave Analysis – 06-27-19 – USDJPY on the turn?
Hi there everyone. EURUSD 1 hr 4 Hours Daily Another day without the rally in wave 'v', but the price is inching higher none the less. I have shown a possible triangle as the next best interpretation for wave 'iv' pink. This wave form must hold above 1.1343 to remain valid as a triangle. And [...]
Daily Elliott Wave Analysis – 06-26-19 – A triangle for Bonds?
Good evening all! EURUSD 1 hr 4 Hours Daily EURUSD is up off Tuesdays low at 1.1343 which means the current count remains valid for the moment. Wave 'v' of (iii) now needs to rally above 1.1413 at the wave 'iii' high in order to create a five wave structure in wave (iii). If the [...]
Daily Elliott Wave Analysis – 06-25-19 – A very skittish market!
Good evening to one and all. EURUSD 1 hr 4 Hours Daily The price fell sharply in a three wave formation off the overnight high today. EURUSD has regained some of that decline this evening, so the decline counts as a correction at this point. And I have labelled the decline as wave 'iv'. Wave [...]
Daily Elliott Wave Analysis – 06-24-19 – Crude and GBPUSD alternate setup.
Good evening to one and all. EURUSD 1 hr 4 Hours Daily There is a five wave rally now in place off the low of June 18th. This rally is labelled as wave 'iii' of (iii) of [c]. where the larger wave [c] has a minimum target at 1.1570. This is best viewed on the [...]
Daily Elliott Wave Analysis – 06-21-19 – GOLD and Silver correct.
Good evening all. Some house-keeping first. I will be heading off for a few weeks camping with the Family on the first week of July. So, I will not be posting any nightly analysis from the 1st to the 5th of July. I will pick up the ball again on the 8th from the campsite [...]
Daily Elliott Wave Analysis – 06-20-19 – Thoughts on alternates in EURUSD and Crude.
Good evening one and all. EURUSD 1 hr 4 Hours Daily I want to take a look at the alternate count on the 4hr chart tonight. This count is circled in red on the top right, and allows for a larger wave '2' to unfold over the coming months. Even though EURUSD has fallen over [...]
Daily Elliott Wave Analysis – 06-19-19 – Five waves up for Silver.
Good evening all. EURUSD 1 hr 4 Hours Daily EURUSD failed to break any lower today that 1.1181. So this level forms the low of wave 'i' pink now. Price has rallied today to begin a second wave correction higher. Wave 'a' of 'ii' is complete at the session high, and wave 'b' should complete [...]