Three Charts Suggesting a Top in US Equities and in Junk Bonds, and the Resumption of a Huge Move Up in the US Dollar (by Sid from ElliottWavePredictions.com)
Three Charts Suggesting a Top in US Equities and in Junk Bonds, and the Resumption of a Huge Move Up in the US Dollar (by Sid from ElliottWavePredictions.com). Click on the charts twice to enlarge. The attached charts show that US equities and Junk bonds are both at trendline resistance after possibly complete terminal patterns, […]
Elliott Wave Analysis of the GBP/USD Currency Pair by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the GBP/USD Currency Pair by Sid from ElliottWavePredictions.com. Click on the charts twice to enlarge. Since my last free post about the British Pound on January 10, when the pair was at 1.6166 and I suggested that a very sizeable move to the downside was imminent, Cable has moved southward by over […]
Quick Elliott Wave Update on the GBP/USD Currency Pair by Sid from ElliottWavePredictions.com
Quick Elliott Wave Update on the GBP/USD Currency Pair by Sid from ElliottWavePredictions.com. Click on the charts twice to enlarge. Since my last post regarding the British Pound, it appears we’ve seen 5 waves down, and a 50% retracement. This is a textbook short setup, with the objective to catch what is expected to be a very […]
Elliott Wave Analysis of the GBP/USD Currency Pair by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the GBP/USD Currency Pair by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. Before chasing today’s huge move in equities to the upside, one might want to consider the pattern in the British Pound. The triangle that started in January 2009 has managed to last almost 48 full months […]
EUR/USD and GBP/USD Update by Sid from ElliottWavePredictions.com
EUR/USD and GBP/USD Elliott Wave Update by Sid from ElliottWavePredictions.com. Click on the charts twice to enlarge. Even though the wave count in my last EUR/USD post was not invalidated, it came so very close that I revisted all timeframes on both the Euro and British Pound, and here are the results. Both the EUR/USD […]
Elliott Wave Analysis of the GBP/USD Currency Pair by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the GBP/USD Currency Pair by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. With the expectation for additional QE from the Fed reaching a fever pitch, I thought I would show this count one last time, with a reasonable understanding that it is very near invalidation. Everybody and their […]
Another Quick Update on GBP/USD
It looks like the Pound is going to try to smoke out every short it can before continuing to the downside. The strong upward movement today appears most likely to be the terminal thrust from a wave 4 triangle. Based on the size of the triangle, the upside target is 1.5767. Any movement below 1.5580 […]
Quick Update on GBP/USD
Here’s a quick update on the GBP/USD currency pair. Click on the chart twice to enlarge. It looks like cable is carving out an expanded flat for wave 2 green, which will delay the resumption of strong downward movement for a couple of days. Explanations and invalidation points are on the chart. Sid
Elliott Wave Analysis of the GBP/USD (British Pound) Currency Pair by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the GBP/USD (British Pound) Currency Pair by Sid from ElliottWavePredictions.com. Click on the charts twice to enlarge. It is difficult to imagine a more bearish Elliott Wave scenario for the British Pound right now. The same goes for the Euro. The charts speak for themselves. The ramifications of the strengthening dollar […]
Elliott Wave Analysis of the Nasdaq 100 (NQ futures contract) by Sid from EllliottWavePredictions.com
Elliott Wave Analysis of the Nasdaq 100 (NQ futures contract) by Sid from EllliottWavePredictions.com. Click on the chart twice to enlarge. The last 24 hours have brought further clarity to several of my equity and currency Elliott Wave counts. For instance, the NQ futures contract has now retraced almost exactly .618 of the clear, non-overlapping impulse down […]
