Hello fellow traders. In this technical article, we are going to present Elliott Wave charts trading setup of Amazon (AMZN) Stock . The stock has recently completed a clean 3-wave pullback. Price action developed exactly as anticipated, but our entry was missed by less than $1. More precisely, the correction ended just $0.39 above our entry zone, highlighting the…
2026.05.29 2026.05.29 WTI Crude Oil: Elliott Wave Analysis and Forecast for 29.05.26–05.06.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below the level of 101.25 with a target of 78.00–65.00. A sell signal: the price holds below 101.25. Stop Loss: above 103.00, Take Profit: 78.00–65.00. Alternative scenario: Breakout and consolidation…
Two major central bank decisions are coming up fast: the ECB on June 11 and the Fed on June 16 to 17. The ECB is widely expected to hike for the first time since 2023, while the Fed is still stuck between stubborn inflation and softer growth. EUR/USD is sitting near a six-week low, caught between a narrowing rate…
Fars News Telegram link here From Fars News Telegram channel: Informed sources have rejected recent claims by US President Donald Trump regarding a possible agreement with Iran, describing his statements as a “mixture of truth and falsehood” and an attempt to portray a fabricated victory. According to these sources, it has become clear to almost everyone that these claims…
Gold (XAU/USD) extends its rebound on Friday as traders assess the prospects of a potential US-Iran deal. At the time of writing, XAU/USD trades around $4,538 after recovering from a two-month low of $4,366 touched on Thursday. Risk sentiment improved after Axios reported on Thursday that the US and Iran reached a 60-day memorandum of understanding (MOU). The deal…
2026.05.29 2026.05.29 XAU/USD: Elliott Wave Analysis and Forecast for 29.05.26–05.06.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above 4,352.00 with a target of 5,610.00–6,000.00. A buy signal: the price holds above 4,352.00. Stop Loss: below 4,280.00, Take Profit: 5,610.00–6,000.00. Alternative scenario: Breakout and consolidation below 4,352.00 will allow the…
Why do forex traders lose their trades? Let’s take a look at five common reasons and see if you can add your story.
Prior +2.9% HICP +2.7% vs +2.8% y/y expected Prior +2.9% Core CPI Y/Y +2.5% vs +2.3% prior The German states inflation readings released earlier in the day were much lower than the prior month, so a notable miss on the national measure was expected. The German Core CPI Y/Y rose to 2.5% from 2.3% prior. That’s due to a…
ING strategists Francesco Pesole, Frantisek Taborsky and Chris Turner note that the Dollar has softened after news of a tentative ceasefire extension between the US and Iran, but remains stronger than in early May. They stress that reopening the Strait of Hormuz is key for a larger Dollar decline, while a hawkish Federal Reserve tone keep tightening expectations alive….
2026.05.29 2026.05.29 EUR/USD: Elliott Wave Analysis and Forecast for 29.05.26–05.06.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below the level of 1.1720 with a target of 1.1350–1.1124. A sell signal: the price holds below 1.1720. Stop Loss: above 1.1760, Take Profit: 1.1350–1.1124. Alternative scenario: Breakout and consolidation above the…
