ASX200 PLUS Key Commodities, Resource and Finance stocks, Elliott Wave, 7 May 2018
Elliott Wave Technical Analysis on ASX200, OIL, IRON ORE, VALE, BHP, RIO, CBA, WBC, ANZ
The ASX 200, from the Elliott Wave Theory perspective will continue to move to the upside, driven by the commodity markets. However I also expect the Finance sector i.e. the Australian banks in Elliott Wave terms to move lower in their trends.
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Elliott degrees in order; Grand Super cycle wave , Super cycle wave , Cycle wave , Primary wave, Intermediate wave , Minor wave , Minute wave , Minuette wave and Subminuette wave.
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