DAX Index has recovered most of the losses that it saw between 1/26/2017 and 2/7/2017. Index continued the rally today and made a new high above 2/15 (11846) which makes it 5 swings up from 2/7/2017 (11460) low and opens another extension higher. We have labelled the rally from 11460 – 11846 as red wave W […]

Preferred Elliott wave view in Silver suggest that the metal is showing a 7 swing Elliott wave bullish sequence (WXY) from 12/20 lows. Cycle from 1/27 low is also incomplete & favors more upside extension towards 18.31-18.71 area to reach the extreme from 12/20 lows. Near term, the pullback in Minute wave ((x)) ended in 3 […]

In the Elliott wave Theory, the main idea is an advance in 5 waves followed by 3 waves back, this is seen most of the times in Indexes and right now INDU (Dow) is showing a possible 5 waves advance since the low at 1.19.2017. As of right now, we should be ending the wave ((iii)) in […]

Hello fellow traders. In this technical blog we’re going to present the past Elliott Wave charts of Copper (HG #F) published in members area of www.elliottwave-forecast.com . As our members know, we were pointing out that Copper is within bullish cycle from the December 23th low. Structure has been calling for more strength once ((x)) […]