Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of IYR published in members area of the Elliottwave-Forecast .  As our members know,  IYR is showing incomplete bullish sequences within higher time frames cycle. Break of 10/22 peak made ETF bullish against the 89.39 low […]

Russell 2000 rally from Feb 1 low is impulsive and should see further upside while pullback stays above there. This article looks at the Elliottwave path.

In this blog, we are going to take a look at the Elliottwave chart of AUDJPY.  The rally from August 26, 2019 unfolded as 5 waves impulsive move up in wave (A) as a leading diagonal.  Based on Elliottwave theory, the impulsive move up will be followed by 3 waves correction before extending higher.  Therefore, […]

Amazon (ticker: AMZN) recently reported Q4 2019 earnings. The result of $45.7 billion online sales surpassed the Q4 2018 number of $39.8 billion. The company also announced they currently have over 150 million Prime subscribers globally. In April 2018, the global Prime subscriber base was around 100 million. Thus, in less than 2 years, Amazon […]