Short term Elliott Wave view in GBPUSD suggests that the decline to 1.1957 on September 3 ended wave (3). Wave (4) bounce is in progress as a zigzag Elliott Wave structure. Up from 1.1957, wave A ended at 1.235 and subdivides as a 5 waves impulse. Wave ((i)) of A ended at 1.2085, wave ((ii)) […]

Hello fellow traders.  Another instrument that we have been trading lately is EURGBP. In this technical blog we’re going to take a quick look at the Elliott Wave charts of EURGBP, published in members area of the website.  As our members know, EURGBP has incomplete bearish sequences in the cycle from the 08/12 peak . […]

Last week, China and the U.S. have agreed to resume face-to-face talk in Washington in early October. It’s however still unclear if both sides can make substantial, even if temporary, agreement to solve their disputes. Nonetheless, the news is a welcome relief to the market with the year-long conflict dampening 2020 growth forecasts. Prior to […]

Hello fellow traders. In today’s blog, we will have a look at the RWE AG  stock. The stock is listed in the DAX 30. RWE AG is a German electric company which has its Headquarter in Essen Germany. It is one of the biggest electricity producers in Germany. Over the last couple of years, the stock almost lost […]