Trading Plan for Dow Jones for May 16, 2018

Trading Plan for Dow Jones for May 16, 2018

  Technical outlook:   A daily chart view has been presented here to have a bigger picture. The Dow Jones index looks to be consolidating at the moment broadly between 23,300 and 25,000 levels and is most likely expected to break below 23,000 levels eventually. Dow has hit resistance at 25,000 levels day before yesterday […]

Read More »
Elliott wave analysis of EUR/NZD for May 16, 2018

Elliott wave analysis of EUR/NZD for May 16, 2018

EUR/NZD – 4 Hourly We are looking for a clear break above the resistance at 1.7310, to confirm upside acceleration towards 1.7474 and 1.7832 as the next upside targets. A break above the resistance at 1.7310 will also trigger the two year long S/H/S bottom, which has a measured target at 2.0010. In the short-term, […]

Read More »