Elliot Wave

The current GBPJPY structure suggests that we are on a bullish 5-wave impulse formation, consisting of minor waves 1-2-3-4-5. Waves 1-2 and 3 are completed, whereas minor wave 4 is under construction but likely to end the correction near… Read More

The current 4H formation on NZDUSD hints to a double zigzag pattern consisting of waves Ⓦ-Ⓧ and Ⓨ. The primary degree waves are part of the longer-term cycle labeled w,x,y,x,y. With Ⓦ and Ⓧ having accomplished their directional course… Read More

The current USDCAD cycle suggests that we are in the final part of a triple zigzag pattern w-x-y-x-z.  Wave z of this triple zigzag, which consists of primary sub-waves Ⓐ -Ⓑ -Ⓒ, is under development as we write.  Waves Ⓐ and Ⓑ of the… Read More

EURUSD seems to be forming a bullish zigzag ②, consisting of intermediate sub-waves (A)-(B)-(C). Waves (А) and (В) are completed. Wave (С) however is currently under construction. C waves usually complete the corrective move in a 5-wave… Read More

The medium-term structure on SPX hints to an ending diagonal pattern consisting of primary waves ①-②-③-④-⑤. Following the completion of the correction down to primary ④, we can now see a bullish zigzag attempting to complete primary wave… Read More

The current structure on crude suggests that we are on a primary double zigzag Ⓦ-Ⓧ-Ⓨ formation.  Waves Ⓦ and Ⓧ  are complete but wave Ⓨ is still under construction. Wave Ⓨ consists of intermediate sub-waves (W)-(X)-(Y), where (W) and (Y)… Read More

USDJPY medium-term formation hints to a 5-wave impulse pattern consisting of primary sub-waves ①-②-③-④-⑤. Primary wave ④ is fully completed at the time of writing and intermediate (4) also looks pretty much done. Now, we could expect an… Read More

XAUUSD seems to be going ahead with wave ⑤ of the bullish impulse consisting of primary sub-waves ①-②-③-④-⑤. The current structure suggests that we are in the corrective wave④, and perhaps that wave has not yet completed its pattern.… Read More

On GBPUSD, the intervening wave XX, which is a bullish zigzag, seems to have been completed.  The decline of this potential bearish impulse could lead prices down to draw primary corrective wave Ⓐ. So far, intermediate sub-waves  (1) and… Read More