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Summary
Surfing the market’s choppy Elliott Wave corrections can be as intimidating as surfing the real waves of Fiji or the North Shore of Oahu. But if you have the right form, balance, and tactics, your wave ride can be smooth and silky as you shred towards the beach. Meet Todd Gordon, your surf instructor. In this webinar, Todd help you pinpoint the corrective waves approaching on the horizon that will offer the smoothest, most enjoyable trend wave ride all the way back to beach. In this webinar we will cover the following: · Define the 3 corrective patterns of the Elliott Wave Theory · How to project the end of corrections using Fibonacci projections, extensions, and retracements. · Execute trend-based trades with tight risk defined well ahead of time. His motto is plan your trade, trade your plan, and he will show you exactly what it takes to trade as a professional, planned trader. This session is for traders who: - Are tired of using lagging market indicators that only turn AFTER price has already turned - Would like to anticipate market turns, not react to market turns. - Find themselves struggling to calculate stop loss size using traditional, more elementary technical analysis - Would like to finally understand The Wave Principle.Latest Live Videos
Editors’ Picks
EUR/USD drops to daily lows near 1.1630
EUR/USD now loses some traction and slips back to the area of daily lows around 1.1630 on the back of a mild bounce in the US Dollar. Fresh US data, including the September PCE inflation numbers and the latest read on December consumer sentiment, didn’t really move the needle, so the pair is still on course to finish the week with a respectable gain.
GBP/USD trims gains, recedes toward 1.3320
GBP/USD is struggling to keep its daily advance, coming under fresh pressure and retreating to the 1.3320 zone following a mild bullish attempt in the Greenback. Even though US consumer sentiment surprised to the upside, the US Dollar isn’t getting much love, as traders are far more interested in what the Fed will say next week.
Gold makes a U-turn, back to $4,200
Gold is now losing the grip and receding to the key $4,200 region per troy ounce following some signs of life in the Greenback and a marked bounce in US Treasury yields across the board. The positive outlook for the precious metal, however, remains underpinned by steady bets for extra easing by the Fed.
Crypto Today: Bitcoin, Ethereum, XRP pare gains despite increasing hopes of upcoming Fed rate cut
Bitcoin is steadying above $91,000 at the time of writing on Friday. Ethereum remains above $3,100, reflecting positive sentiment ahead of the Federal Reserve's (Fed) monetary policy meeting on December 10.
Week ahead – Rate cut or market shock? The Fed decides
Fed rate cut widely expected; dot plot and overall meeting rhetoric also matter. Risk appetite is supported by Fed rate cut expectations; cryptos show signs of life. RBA, BoC and SNB also meet; chances of surprises are relatively low.
Week ahead – Rate cut or market shock? The Fed decides
Fed rate cut widely expected; dot plot and overall meeting rhetoric also matter. Risk appetite is supported by Fed rate cut expectations; cryptos show signs of life. RBA, BoC and SNB also meet; chances of surprises are relatively low.