How Momentum Indicator (RSI) is Used with Elliott Wave
There are several different momentum indicators. One of the popular ones is the RSI (Relative Strength Index) which was developed in 1978 by J. Welles Wilder. The RSI is in…
Elliott Wave View: Nifty Reacting Higher After 3 Swing Pullback
After forming the top on October 19, 2021 peak at 18604.45, Nifty has been correcting lower in 3 swing. It reached the 100% - 123.6% extension area at 15638 -…
Elliott Wave View: AUDJPY Starts a New Bullish Cycle
AUDJPY manages to break above the previous daily high on October 21, 2021 at 86.26. This suggests that pair may have started a new bullish cycle. Short Term Elliott Wave…
Newmont Mining (NEM) Leading Miners to the Upside
Newmont Mining (ticker: NEM) is the world's largest gold mining company, based in Greenwood Village, Colorado, United States. It has ownership of gold mines in Nevada, Colorado, Ontario, Quebec, Mexico,…
Elliott Wave View: Silver Buyers Should Appear Soon
Short Term Elliott Wave View in Silver (XAGUSD) suggests the rally from December 15, 2021 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from December 15,…
Pan American Silver (PAAS) Has Started the Next Bullish Leg
Pan American Silver Corporation (ticker: PAAS)Â is engaged in the production and sale of silver, gold, zinc, lead and copper. It also has other related activities, including exploration, extraction, processing, refining…
Elliott Wave View: USDCHF 5 Waves Rally Favors Upside
Short Term Elliott Wave View in USDCHF suggests the rally from January 13, 2022 low is unfolding as a 5 waves impulse. Up from January 13 low, wave 1 ended…
Elliott Wave View: GBPUSD Looking for Further Downside
Short Term Elliott Wave View in GBPUSD suggests that the decline from February 18 peak is unfolding as a 5 waves impulse Elliott Wave structure. Down from February 18, wave…
Elliott Wave View: GBPJPY Rally Expected to Fail
Short Term Elliott Wave View in GBPJPY suggests the decline from February 11, 2022 high is in progress as a 5 waves impulse Elliott Wave structure. Down from February 11…