By Elliott Wave International Simply put, a market sentiment extreme is a situation when most everyone has already taken a bullish or bearish position in a financial asset, leaving almost no one left to buy or sell....
USDCAD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.4048. As long as the trend line resistance holds, the downside movement could be expected to continue and next target...
USDJPY broke below the rising trend line on the 4-hour chart, indicating that the upside movement from 105.98 had completed at 109.84 already. Further decline would likely be seen after a minor consolidation and next target would...
AUDUSD extended its upside movement from 0.6401 to as high as 0.7063. Further rise could be expected after consolidation and next target would be at 0.7200 area. Near term support is at 0.6898, a breakdown below this...
GBPUSD extended its upside movement from 1.2073 to as high as 1.2812. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next...
EURUSD broke above 1.1383 resistance and extended its upside movement from 1.0766 to as high as 1.1422. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be...
In this article, we will take a look at American Airlines (AAL). Currently, the instrument could be within the process of turning to much higher levels. American Airlines (AAL) was hit with selling pressure during the financial...
In this technical blog, we are going to take a look at the past performance of 1 hour Elliott Wave Charts of the Nifty index from India. In which, the rally from 24 March 2020 low unfolded as...
Nasdaq (NQ_F) has made an all-time high suggesting that the Covid-19 correction is over at 6628.75. Index has now resumed higher and short term 30 minutes chart below suggests the rally to 9742.5 ended wave 1 and...
Incomplete bullish sequence in S&P 500 (SPX) from 3.23.2020 low suggests the Index should stay supported. Up from the Covid-19 selloff low on 3.23.2020, Index has resumed higher as a 5 waves Impulse Elliott Wave structure. Wave...
