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Tag Archives: market correction
Is Colgate Palmolive ready to jump?
You might be wondering if Colgate Palmolive is preparing for a strong move higher. The weekly charts show that the stock has reached its Elliot Wave targets (a 3-wave correction that also complies with some Fibonacci projections). The daily charts show higher bottoms, and a period of consolidation with the stock tantalizingly poised near the upper boundary Continue reading
Euro rally is still a bear market correction
The EUR/USD rally that we are currently witnessing is capable of going back above 1.3200, but I would urge caution above 1.3215 Continue reading
Posted in Euro
Tagged bear market, currency trading, Elliot Wave Trading Ideas, Euro outlook, market correction
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