Forecasting The Bounce Higher in Soybean Futures (ZS_F)
In this blog, we are going to take a look at the Elliott Wave chart of ZS_F (Soybean Futures). The 4 hour chart update from August 9 shows that Soybean has ended the cycle from April 21...
Category: Daily Forex Reports
Elliott Wave View: Gold Miners (GDX) Ready to Resume Higher
GDX 45 minutes chart below shows that the stock has ended the cycle from June 5 low as wave (3). The rally ended at 45.78 high. From there, the stock did a pullback in wave (4), which...
Supply Problems and Weak Dollar Buoy Sugar Prices
Since the corona virus hit in March earlier this year, price of Sugar future (SB) has remained depressed as demands projected to plummet. Prices fell sharply lower at 42% to 9.2 cents per pound in April. Over...
$DAX Found Buyers After Elliott Wave Zig Zag Pattern
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of DAX, published in members area of the website. As our members know, we’ve been calling rally in...
USDCAD : Market Patterns Signalling the Move Lower
The chart below of the USDCAD pair was posted on social media StockTwits/Twitter @AidanFX July 21 2020 showing that a bearish market pattern (light blue descending triangle) formed and triggered SELLS when price broke below the triangle....
$RIO : Rio Tinto Shares are Ready to Accelerate Higher
Rio Tinto Group is the world’s second largest metals and mining corporation which has its headquarters in London and Melbourne. Founded in 1873 and traded under tickers $RIO at LSE, ASE and also in US in form of...
Workhorse Group Inc ($WKHS) Incomplete Bullish Sequence
Workhorse has had a great 2020 off the March low. With the stock price running from 1.31 to a high of 22.90, the momentum has been strong. They are a zero emissions vehicle manufacturer, using hydrogen cell...
Copper Looking for Bullish Breakout
Since bottoming in January 2016 low at Copper $1.93, Copper has traded in a narrow range between $1.9 – $3.3. Earlier this year, the red metal collapsed to the lowest in more than 4 years at $1.9725....
OIL ( $CL_F) Forecasting The Rally From The Blue Box Area
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of OIL , published in members area of the website. As our members know, commodities have been giving...
Buying The Dips In Facebook (FB) At the Blue Box
In this blog, we are going to take a look at the Elliott Wave chart of Facebook (FB). The 30 minutes pre-market chart from August 4, 2020 shows that the stock has rallied higher from wave (2)...