The Stock Market Got It Wrong :: The Market Oracle ::
The Stock Market Got It Wrong :: The Market Oracle ::
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The Stock Market Got It Wrong :: The Market Oracle ::
Hello everyone. In today’s article, we will look at the past performance of the 4 Hour Elliott Wave chart of Advanced Micro Devices, Inc. (AMD) . The rally…
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of EURUSD, published in members area of the website. As our members know the pair is showing incomplete bearish sequences in the cycle from the July 18th peak targeting 1.0435-1.0318 area. Consequently, we recommended members to avoid buying at this stage and calling for the further decline. Recently EURUSD made a pull back that has found sellers right at the equal legs area.
One should not worry during corrections as long as the overall pattern or structure is still higher highs and higher lows on the weekly time frame, says Ashish Kyal.
Gold shows incomplete bearish sequence from 5.4.2023 high favoring further downside. Down from 5.4.2023 high, wave (W) ended at 1898.12 and wave (X) rally ended at 1987.42. Gold then resumed lower in wave (Y) with internal subdivision as a zigzag Elliott Wave structure. Down from wave (X), wave A ended at 1884.89 low and wave B ended at 1952.95 high on September 1. Wave C lower is in progress as a 5 waves impulse structure. Down from wave B, wave ((i)) ended at 1901.11 and wave ((ii)) rally ended at 1947.39.