-Lack of bounce and break below 1178 suggests we’ll likely visit 1105 and possibly 956 The USDOLLAR has been a stellar currency over the past several weeks. That outperformance has also anchored lower ...

The Elliott Wave principle was first developed by an accountant, Ralph Nelson Elliott, to describe, and ideally predict, market cycles. Utilizing technical analysis and group psychology, it identifies ...

Elliott Wave Theory predicts prices in all sorts of markets, allowing investors to adjust their trading strategies based on historical trends. What is Elliott Wave Theory? Elliott Wave Theory is a ...

When it comes to Elliott Wave principle, the most important thing for me is to focus on clear wave structures. I don’t want to spend time on price action that is messy, choppy, and very hard to read.

Elliott Wave patterns suggest a completed wave (iii) and corrective wave (iv). Fibonacci levels indicate strong resistance near $0.42-$0.43. RSI is neutral on both time frames, hinting at indecision.

On Monday, I showed that the euro vs the dollar was declining to a point where it could challenge a tramline. I said: "A break through this tramline would be bearish, I believe, and short sales could ...