Elliott Wave Analysis of the GBP/USD Currency Pair by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. My main long term wave count for the British Pound is that a triangle lasting almost 3 years ended on October 31, and a thrust projected to move almost 4000 pips downward over the next year […]
Elliott Wave Analysis of the Russell 2000 Index by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. Here is a daily chart of the Russell 2000 index, showing that yesterday’s session broke and closed below two major trend lines, one connecting the extremes of wave 2 & 4 blue, and the other connecting […]
Here is a historical Elliott Wave look at the Dow Jones Industrial Average, as well as my long term prediction moving forward. Enjoy! (Click on the chart to enlarge. Click again on the enlargement to zoom in further.) P.S. I’m in the process of reworking my weekend webinars. Look for an announcement email about this, […]
Here is my slightly revised longer term count for the Euro. The key to this new count is the re-labeling of the upward price action from June 5, 2010 through October 30, 2010 as a five wave impulse, and therefore re-labeling it as minor wave A (blue). This new count therefore calls for current price action to continue up in […]
EUR/USD – February 5, 2011 – weekly candles. Here’s my preferred “big picture” count on the Euro: Leading Diagonal . .
This is my preferred longer term count for the Euro: a bearish leading diagonal for Primary (burgandy) wave 1. Each wave of the diagonal appears to be a zigzas, so, inside intermediate (black) wave 5 down, I believe we’ve seen Minor (blue) waves A and B complete. All thats left is five Minute (pink) waves down for Minor wave C (blue), eventually reaching the […]