Hello Traders! In this technical blog we are going to take a look at the Elliott Wave path in Invesco Commodity Index Fund ($DBC) and explain why the ETF should see more downside in a ZigZag ABC correction towards a Blue Box area. The fund pursues its investment objective by investing in a portfolio of…
MARKET REPORT(Unburdened by what has been) Mittenwald and the Karwendel mountains. 1890 You were found in clear conditions. But you’re handsome in the Fog. Day in Review: Today:(Kamalanomics: Govt-manipulated data with un-reported historic downward revisions to make the economy look more favorable): DATA:– US Empire Fed Manufacturing exploded higher (smashing expectations by six standard deviations…
In this technical blog, we are going to take a look at the past performance of 1 hour Elliott Wave Charts of XLF a Financial ETF, which we presented to members at elliottwave-forecast.com. In which, the rally from 05 August 2024 lows, showed the higher high sequence in higher time frame charts favored more strength. Also, the right side tag…
In this technical article we’re going to take a quick look at the Elliott Wave charts of GBPUSD Forex Pair , published in members area of the website. As our members know, GBPUSD has recently given us correction against the 1.2664 low. The pair reached our target zone and completed correction right at the Equal…
Bill Lipschutz is perhaps my favorite trader to study. Although he’s a fundamental trader, the things he managed to achieve and how he went about accomplishing them is nothing short of incredible. Whether it’s the trials and tribulations he endured to turn a $12,000 inheritance into hundreds of thousands of dollars while still in college or…
This is a political call, nothing else. The three: Elizabeth Warren (D-Mass.), Sheldon Whitehouse (D-R.I.) John Hickenlooper (D-Colo.) sent a letter to Federal Reserve Chair Powell. “It is clearly the time for the Fed to cut rates. In fact, it may be too late: your delays have threatened the economy and left the Fed behind…
The Dow Jones cracked a fresh all-time high during Monday trading. Despite the upside stretch, equities remain tepid overall. Investors are buckling down for the wait to Wednesday’s Fed rate call. The Dow Jones Industrial Average (DJIA) clipped into another record intraday bid to kick off the new trading week. The largest equities on the…
Keir Starmer has shown “great interest” in the Italy-Albania migration deal, the Italian prime minister, Giorgia Meloni, has said, as the UK vowed to send £4m to support her controversial crackdown on irregular migration. Speaking at a press conference in Rome, the prime minister agreed with Meloni, stressing the importance of the relationship betwen the…
Will There Be a Forex Trading Surprise This Week? – Forex Forum September 16, 2024 /Posted byGVI Forex / 80 / Source link
Forex Trading Glossary – S Saucer PatternA chart formation that shows a gradual decline then a gradual rise in prices with the resultant effect of price taking a saucer-shaped pattern. (Is also known as a rounded bottom) Schaff IndicatorsFirst developed by Doug Schaff in the 1990s, based on the FX-Strategy System, and used to…