Blogs

<p>In this technical blog, we are going to take a look at the past chart’s performance of Nikkei an index from Japan. But before looking into the Charts, we need to understand the market nature first. The market always fights between the two sides i.e Buying or Selling. We at Elliott Wave Forecast understand the […]

<p>Enable Automatic Channel in Harmonic Pattern Indicator </p> <p>We provided powerful automatic channel features in the Harmonic Pattern Indicator. To enable the automatic Channel Function, just set Use Channel = true under Channel Parameter inputs.</p> <p>Together with Harmonic Pattern and Elliott Wave patterns, the

<p>Today we found a special situation on the USDJPY chart</p> <p>USDJPY is attacking this resistance zone three times during the NY session of the last three days.</p> <p> </p> <p>Today this move starts during the London session which increases the probability of a breakout.</p> <p>So, is this m

<p>To assess how well the market recovers, we will be closely monitoring two things: the price volatility and the US dollar inflows.</p> <p>First, a 5%-10% daily volatility is bad, regardless of its direction. A 10% jump in asset prices is as worrying as a 10% fall. Therefore, a stabilization of market prices near a 1-3% […

<p>US Congress passed the much-expected $2-trillion fiscal stimulus package, the largest in the US history, to fight the coronavirus-induced economic slowdown and to halt the heavy bleeding across the financial markets. We don’t have details about how this colossal amount will be spent, but the package certainly involves an expansive aid for

<p>Pivot</p> <p>&nbsp;(invalidation): 23.50 </p> <p>Our preference</p> <p>Long positions above 23.50 with targets at 26.25 &amp; 27.20 in extension.</p> <p>Alternative scenario</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 14.0400 </p> <p>Our preference</p> <p>Long positions above 14.0400 with targets at 14.7000 &amp; 14.9000 in extension.</p> <p>Alternative scenario</p>

<p>Pivot</p> <p>&nbsp;(invalidation): 1603.00 </p> <p>Our preference</p> <p>Long positions above 1603.00 with targets at 1643.00 &amp; 1668.00 in extension.</p> <p>Alternative scenario</p>