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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
GBP/USD seems vulnerable near one-month low as traders await US data
The GBP/USD pair prolongs its weekly downtrend for the fifth consecutive day on Friday and slides back closer to a nearly one-month low, touched the previous day. Spot prices trade below mid-1.3400s during the Asian session on Friday and seem vulnerable to slide further as traders now look to important US macro data for a fresh impetus.
EUR/USD: Bears retain control below 1.1780-1.1770 confluence breakpoint
The EUR/USD pair remains on the back foot through the Asian session on Friday and currently trades just above mid-1.1700s, well within striking distance of a nearly one-month low set the previous day.
Gold eyes next breakout on US GDP, PCE inflation data
Gold sticks to recent gains around the $5,000-mark early Friday, biding time before the high-impact US macro events. The focus is now on the US fourth-quarter Gross Domestic Product, core Personal Consumption Expenditures Price Index and the Supreme Court’s ruling on President Donald Trump’s tariffs.
Bitcoin, Ethereum and Ripple remain range-bound as breakdown risks rise
Bitcoin, Ethereum, and Ripple are trading sideways within consolidation ranges on Friday, signaling a lack of directional bias in the broader crypto market. BTC rebounded from key support, and ETH is nearing the lower consolidation boundary, while XRP is holding at its lower trendline boundary.
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 Friday, February 20:
The number of United States (US) citizens submitting new unemployment insurance applications decreased to 206K, much lower than initial estimates of 225K, and down from the previous week’s revised 229K, according to the US Department of Labor.