by Ramki | Jul 26, 2011 | GBP
Just about 5 weeks ago, while discusing the GBP/USD outlook, I pointed out that a leading bank was calling a head-and-shoulders top in the Pound, and they had gone short at 1.6133 with a stop at 1.6305. From an Elliott Wave Principle point of view, it did not seem...
by Ramki | Jun 14, 2011 | Euro
The speed and scale of Euro’s downmove from near 1.4700 has caught some traders off guard. Readers of these comments were at least forewarned of an imminent correction (although we were expecting it from 1.4730). Anyone who was trading technically would have spotted...
by Ramki | Jun 14, 2009 | Gold
Gold posts head and shoulders top Gold has closed below the neckline of what looks like a nice head and shoulders top. The neckline itself lies at 944, and will become a major resistance if the metal continues to slide towards its first target around 900. Readers will...
by Ramki | Apr 11, 2009 | Trading Tips
I have added a page on this subject under Elliott Wave Magic. The link can be found on the side of this post. But first, let us take a quick look at what are the basic ingredients for a head and shoulders top. 1. There should have been a prior up trend 2. The head...
