In essence, Elliott Waves describes price movements as alternating between impulsive phases that establish the direction of the trend and corrective phases that oppose the direction of the trend. It ...
James Chen, CMT is an expert trader, investment adviser, and global market strategist. Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician ...
Be careful with economic forecasts; the stock market is a leading indicator, driven more by investor emotions than economic data. Current levels of extreme bullish sentiment, plus very distinct ...
Even before I start writing this story, I can see critics saying that all this analysis is after the fact. Well, I can show you plenty of examples where the technique that is being discussed below was ...
US Dollar Index advances in a bullish Elliott Wave sequence as large speculators are the most net short in four years. DXY has quietly been making gains since early April. Using the Elliott Wave ...
The BIG Idea on the Short EUR/CAD trade: A fusion of Elliott Wave chart patterns and an increasing premium growing for out the money puts on EUR/CAD makes a short EUR/CAD trade worth considering. A ...