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Wave (II) Looks Complete, Right-Side Remains Bullish, and Wave (III) Targets Higher Prices Ahead Builders FirstSource (NYSE: BLDR) continues to show a strong bullish outlook based on Elliott Wave Theory. The monthly chart highlights an impressive impulsive advance into the peak of wave (I). After that strong rally, the stock entered a larger corrective phase….
The VanEck Semiconductor ETF (SMH) is an exchange-traded fund that tracks a market-cap weighted index composed of 25 of the largest U.S.-listed semiconductor companies. The top holdings of SMH include companies like NVIDIA, Taiwan Semiconductor Manufacturing, Broadcom Inc., Texas Instruments, QUALCOMM, ASML Holding N.V., Applied Materials, Inc., Lam Research Corporation, Micron Technology, Inc., and Advanced Micro Devices, Inc. SMH 4 Hour Chart May 23th In May, we showed how…
In forex trading, not everything on the screen reflects genuine intent. Traders often encounter large orders on the order book that disappear before execution. These are known as forex ghost orders. Though they may look like normal limit orders, they serve a very different purpose. Forex ghost orders are fake entries meant to trick other…
The AO EFMA MT4 Indicator is designed to simplify trend analysis for both beginners and experienced traders. The Awesome Oscillator measures market momentum, while the Exponential Moving Average smooths price movements for better clarity. Together, they form a powerful tool that highlights when the market is gaining or losing strength. This makes it easier to…
August 2024 in Figures August 31, 2024 A sharper drop in U.S. long-term interest rates than those elsewhere during August was associated with renewed upward pressure on stocks and broadly spread dollar losses. At the Bank of England, officials among the five central banks featured in the table below were the only ones to hold…
Carvana Co (NYSE: CVNA) has rebounded impressively over the past 2 years after a 98% decline between 2021 and 2022. The stock recovered most of its losses, forming a strong impulsive structure that signals further upside potential. With a continuation pattern in place, CVNA appears poised to challenge new all-time highs. This article delves into…