Daily Elliott Wave Analysis – 05-23-19 – Bang, and the bear-market arriveth!
Hello everyone. Heres a recent chart from Jesse Felder. It shows the YoY running total of Hindenburg omens in the broad market beginning in 1998. The chart is very good at putting the current market position in perspective. And along with that, it shows the very real possibility for a massive crash scenario that I [...]
Crude again leads the turn.
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Daily Elliott Wave Analysis – 05-22-19 – Crude again leads the turn.
Hello everyone. EURUSD 1 hr 4 Hours Daily EURUSD has held above support for another day. The action is quite corrective looking at the moment, and the price range has contracted over the last few sessions. This suggest either a running flat, or a developing triangle at a minor degree within wave 'iii'. Either way [...]
Daily Elliott Wave Analysis – 05-21-19 – USD is turning.
Hi there everyone. EURUSD 1 hr 4 Hours Daily Another day without breaking support at 1.1110 and accelerating down into a third. There was a small spike higher this afternoon, the market has sold off again this evening which probably negates this move as the beginning of a larger rally. But the fact is, that [...]
Daily Elliott Wave Analysis – 05-20-19 – A lower high to begin the next leg.
Hello everyone, I hope the weekend went well for you. We begin a new week, and boy this one has some real potential to kick of a large decline across a few different markets! So here we go, down to business. EURUSD 1 hr 4 Hours Daily The action in EURUSD today has flattened out [...]
Daily Elliott Wave Analysis – 05-17-19 – Crude looks set to go.
Hi there all. I have posted the video already this evening. Its been a heck of an interesting trade today, so lets get into it. EURUSD 1 hr 4 Hours Daily Price continued to slide today as the selling continued in EURUSD. This is inline with the current wave count, although, I have outlined in the [...]
Daily Elliott Wave Analysis – 05-16-19 – Reversal is immanent.
Hello everyone. EURUSD 1 hr 4 Hours Daily There is a slight reluctance to break that 1.1172 level at the triangle wave 'b' low. Price has moved lower into that level today, but, the market has stalled there for the moment this evening. It is possible that there is still a small correction underway in [...]
Daily Elliott Wave Analysis – 05-15-19 – USD looking bullish again.
Good evening to you all. I hope the day was good to you. EURUSD 1 hr 4 Hours Daily EURUSD has dropped off the wave 'ii' high in five waves. The price reached a low today at 1.1178, this is just short of the triangle wave 'b' low at 1.1172. A break of that 1.1172 [...]