Preferred Elliott wave view is  that Silver has ended a cycle at 22.17 and 7 swings lower suggest wave “W” is nearing completion (another low to 19.53 – 19.76 is still expected) Soon, expect a recovery in wave “X” which can reach as high as 50 – 61.8 fib of the drop from 22.17 peak […]

Preferred Elliott wave view suggests the yellow metal has ended a cycle and wave (( B )) high is in place @ 1392. Decline from 1392 is taking the form of a triple corrective structure and can test 1288 – 1298 to complete wave A. After that metal should see a recovery in wave B […]

Preferred Elliott wave view is that mid-term peak has formed at 1.5123, wave A completed @ 1.4464 and wave B  in progress toward 1.4750 – 1.4792 area from where the decline should resume. Rally from 1.4463 – 1.4648 consisted of 7 swings and completed wave (( a )) of B. Pair has already tested 50% […]

The Equal Legs is a term used in the technical analysis to indicate that the magnitude of a movement is equal to another movement joined by a correction. It is represented as follows:     Where the magnitude of the swing A is equal in magnitude to the swing C (A = C) and B is the correction. This method is widely used in Elliott Waves identifying targets or […]