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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 weakens to four-week lows near 1.1750
EUR/USD’s selling pressure is gathering pace now, approaching the area of multi-week troughs in the mid-1.1700s on Thursday. The pair’s intense decline comes on the back of another day of solid gains in the US Dollar, particulalry exacerbated following firm prints from the weekly US labour market.
GBP/USD drops further, hovers around 1.3460
In line with the rest of its risk-linked peers, GBP/USD faces increasing selling pressure and recedes toward the 1.3460 region, or four-week lows, on Thursday. Cable’s persistent pullback comes in response to the continuation of the recovery in the Greenback amid a solid US data and a divided FOMC when it comes to the Fed’s rate path.
Gold clings to daily gains near $5,000
Gold struggles for direction and clings to its daily gains around the key $5,000 mark per troy ounce on Thursday. The precious metal sticks to the bid bias amid reignited geopolitical tensions in the Middle East and despite marked gains in the US Dollar and rising US Treasury yields across the curve.
Ripple slips toward $1.40 despite SG-FORGE tapping protocol for EUR CoinVertible
XRP extends its decline, nearing $1.40 support, as risk appetite fades in the broader market. SG-FORGE’s EUR CoinVertible launches on the XRP Ledger, leveraging the blockchain’s scalability, speed, security, and decentralization.
Hawkish Fed minutes and a market finding its footing
It was green across the board for US Stock market indexes at the close on Wednesday, with most S&P 500 names ending higher, adding 38 points (0.6%) to 6,881 overall. At the GICS sector level, energy led gains, followed by technology and consumer discretionary, while utilities and real estate posted the largest losses.
Here is what you need to know on Thursday, February 19:
The US Dollar gathered strength in the second half of the day on Wednesday, boosted by the hawkish tone seen in the minutes of the Federal Reserve's January policy meeting. The US economic calendar will feature December Goods Trade Balance figures and the weekly Initial Jobless Claims data. Meanwhile, investors will pay close attention to geopolitical developments.