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Surfing the Waves Apr 20 2021 -Video Update


April 20 2021

Hey traders!

Below is new video analysis sponsored by

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Elliott Wave Analysis: AUDUSD is breaking out of a flag pattern


Apr 19 2021

New video; covering AUDUSD and GBPUSD



ALTCOINS at historic highs vs Bitcoin-Be Carefull


Apr 19 2021

Based on current price extremes and BTC-ALT ratio I think we should be very careful and selective with coins.

If we look back to 2017 extremes, then we may assume that any new strong drop on bitcoin can impact alt coins- you should be very selective during next upcoming phase that may not be far away. But do not freakout, just bank some and wait on dips, and look at log charts when they show up.


Elliott Wave Analysis: Crude oil searching for a support


Apr 13 2021

Crude oil is in strong uptrend since last year, due to limited oil production because of lower demand due to global lock-downs. We see a nice and strong uptrend that has slowed down last month for a correction. Corrections are always healthy as they tend to attract new buyers after retracement.

I am looking at the price action from an Elliott wave perspective and it appears that this can be a fourth wave, likely headed even lower in the near-term as corrective a-b-c pattern appears incomplete. In ideal formations fourth wave will retrace back to 38.2% Fib level where price may stabilize,possibly in May when most of lock- downs can be removed and oil demand will then increase which could lift price.

In fact, in recent report by OPEC they noted that demand will rise by 5.95 million barrels per day (bpd) in 2021, or 6.6% which is up 70,000 bpd from last month.

They also mentioned that vaccination programmes will cause increased mobility.



Surfing the Waves Apr 13 2021 -Video Update


April 13 2021

Hey traders!

Below is new video analysis, covering EURUSD, USDCAD, CRUDE OI and nasdaq100.

ELLIOTT WAVE OPEN DOOR Event is here. See all of our charts FREE for 10 days. No obligations




EURUSD breaking out of a downward channel


Apr 12 2021

EURUSD is recovering recovery very nicely after a completed five-wave structure within wave C last week when pair turned sharply out of a downward channel. We see an impulsive price action which means that pair will likely see even more gains after wave B/2 pullback this week. Of course, we should not forget on 10 year US yields which is the main driver of the markets for the last few weeks, but looks like that even here trend can be in a temporary reversal mode after recently broken trendline support.

I am keeping a close eye on this one for possible longs while market is trading above 1.1700.

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10 year US yields


Elliott Wave Analysis: EURGBP May Have Found The Support


Apr 09 2021

Hello traders!

Today we will talk about EURGBP pair, its price action from technical point of view and wave structure from Elliott wave perspective, as we see some interesting development.

Well, since June 01 of 2020 we have been looking for weaker EURGBP when we were tracking higher degree A)-B)-C) drop. For that article CLICK HERE. Notice that pair came nicely down to projected 0.8500 area, so maybe it's time for reversals again after recent sharp and strong rebound.

The most interesting thing is that EURGBP came down out of wave B) triangle, which suggest limited downside for wave C), because triangles cannot occur in wave 2), so recent drop should be wave C). We can also clearly see a completed five-wave cycle within that wave C). That being sad, with current sharp, strong and impulsive bounce back above channel resistance line, seems like EURGBP can see a bigger recovery now at least in three waves A/1-B/2-C/3, especially if we consider bullish divergence on RSI indicator.


Looking at the intraday chart, we can clearly see an impulsive five-wave cycle in progress and this is ideally wave A/1. We know that after every five waves, a three-wave correction follows, so be aware of a potential pullback in wave B/2 that can occur soon, ideally once a five-wave cycle is fully completed. Later, after a corrective setback with 0.8624 followed by 0.8583 support levels for wave B/2, then we will expect a continuation higher within wave C or maybe even wave 3.

EURGBP, 30min


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