2021

The current AAPL structure hints that a primary fifth wave is under construction. It can take the form of an ending diagonal (1)-(2)-(3)-(4)-(5) of the intermediate degree. Wave ⑤ is the final part in the cycle impulse a. It is…
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Last week, there were reports that flows in the Yamal-Europe gas line had reversed. In turn, this sent energy prices on the continent to new record highs and weighed on equities. A sharp drop in most equities was due to the sudden loss of…
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USDJPY breaks higher The US dollar inched higher after November’s core PCE jumped to 4.7%. A break above the supply area near 114.20 indicates that the bulls have gained the upper hand. As sellers rush to the exit, the pair may…
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EURUSD consolidates over high inflation expectations The euro treads water near an 18-month low as inflationary pressures build up. The ECB has pledged to maintain its monetary policy support, arguing that inflation will drop below…
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One of the most appealing aspects of technical trading for a lot of people is that it doesn't require knowing much about complex economics to understand the market. Specifically, it's about finding patterns in the market data, not…
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The formation of the DXY index suggests the development of a large triple zigzag, consisting of cycle waves w-x-y-x-z. On the 1H timeframe, we can see the second half of a large average wave y. This has the form of a double zigzag…
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Later today we have the last bit of major data coming out from the US before the end of the year. After that, the markets are left to their own devices, and it is likely to mark the last day of major trading. Tomorrow, the US markets are…
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EURUSD tests resistance The US dollar stalled over improved risk appetite. The pair is consolidating near June 2020’s lows. A bearish breakout would further extend the downtrend. The euro so far has found buyers at 1.1235. The bulls…
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In the long term, the GBPJPY currency pair is most likely moving within a cycle impulse. Now the third part of this impulse, wave III is under development. The second half of the powerful impulse wave III is visible in the 1H…
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The news around the omicron variant has been pushing the markets around quite a bit over the last few days. What's worse for traders, is that a lot of the news is not predictable, even if you go through as much of the available data as…
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