Elliott Wave View: Nifty Found Support for Next Leg Higher
Elliott Wave view of Nifty suggests the cycle from March 24 low still remains in progress as a 5 waves impulse. The 30 minutes chart below shows the rally to…
Elliott Wave View: Further Downside to End Gold Correction
Elliott Wave view of Gold (XAUUSD) suggests the decline from September 1 high is unfolding in impulsive Elliott Wave structure. Down from September 1 high, wave ((i)) ended at $1915.8,…
Elliott Wave View: Further Downside in Pound Sterling
Elliott Wave View of Pound Sterling (GBPUSD) suggests the cycle from September 1 high remains incomplete. The decline from there is unfolding as zigzag Elliott Wave Structure. Down from September…
Shanghai Composite Index in Multi Year Consolidation
As of 22 September, Shanghai Composite Index (SSE) is up 6.9% despite the geopolitical tension with the US and coronavirus pandemic. Contrast this with S&P 500 which has YTD performance…
Generational Buying Opportunity in Gold and Silver?
On Saturday, September 12, 2020 we at Elliott Wave Forecast hosted a Free Seminar. The topic of the seminar was " Generational Buying Opportunity in Gold and Silver?". We analyze and…
Elliott Wave View: Nike (NKE) Breaks to All Time High
Nike (NKE) has made another all-time high suggesting the bulls remain in firmly in control. Elliott Wave View of Nike suggests the stock is still within the cycle from March…
What Nasdaq (NQ) is saying about the Right Side of Market
Technology is the strongest sector in the current bullish trend in World Indices. Nasdaq (NQ) which has a lot of technology stocks naturally is one of the best performing Indices.…
Silver Miners ($SIL) Looking to Rally
One of the best performing assets this year is Silver. After bottoming on March 18 at $11.6 in the Covid-19 selloff, the metal has rallied to $30. Silver miners should…
First Majestic Silver ($AG) Broke Higher from 10 Year Consolidation
First Majestic Silver (symbol: $AG) is a Canadian silver-mining company which operates in Mexico. It has 7 mines, although only 3 most cost-efficient mines are currently operating in San Dimas,…