Disney (NYSE: DIS) surged to new all time highs in April 2019 confirming the breakout of the consolidation range that lasted for 3 years. The rally from December 2018 low unfolded as an impulsive 5 waves structure which is part of the weekly cycle from 2016 low. The cycle ended on July peak from where […]

Hello Traders. In this previous Boeing blog, we discussed the path for the Boeing stock. Now, let have a look at the latest 4 Hour chart. We can see that soon the stock will be reaching the $267.00 area. That area in the following chart is the 100% extension from 3.1.2019 peak. The Instrument has […]

Nikkei is correcting the cycle from July 25 high as a zigzag and can see sellers for more downside while rally fails in 3, 7, or 11 swing.

Decline in DAX from July 4 high (12660.5) is impulsive. Index should see further downside in the near term. This article talks about Elliott Wave path.

Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of XLF ( Financial Select Sector), published in members area of the website. Break of April 26th peak made December 2018 Cycle incomplete to the upside .Consequently XLF is bullish against the 25.72 low. We advised […]

Lockheed Martin (NYSE: LMT) has a current market cap of $104.3B and $56.46B in revenue, outperforming the defense sector companies in the recent years. The second quarter earnings report provided a clear indication that the bull case for the stock is intact with revenue up across the board. The technical picture for the stock is showing […]